Terra v2.16.0 Upgrade

LFG!

This guide assumes that you use cosmovisor to manage upgrades. If you do not use cosmovisor, please adjust some commands accordingly.

The upgrade is scheduled for Block 14958500. It is estimated to take place 6 months ago. A countdown clock is here. The governance proposal is here.

Install New Binary

cd terra
git pull
git checkout v2.16.0
make install

Check Version

# should be v2.16.0
terrad version

# Should be commit b095f377313219b384b191a6450e88452d5b1e44
terrad version --long | grep commit

Make Cosmovisor Directory and Copy Binary

mkdir -p $HOME/.terra/cosmovisor/upgrades/v2.16/bin
cp $HOME/go/bin/terrad $HOME/.terra/cosmovisor/upgrades/v2.16/bin

Check Version Again

# should be v2.16.0
$HOME/.terra/cosmovisor/upgrades/v2.16/bin/terrad version