Prop 107: Smart Contract Migration to v0.6.3

Summary

As the Nolus network embraces a semi-permissioned blockchain model, contract migrations necessitate governance approval. The architecture of the Nolus money market is ingeniously divided into two core components: the platform core and the protocol core. The platform core houses critical contracts that serve universally across various chains without chain-specific modifications. In contrast, the protocol core is designed to be flexible, enabling the crafting of unique contract instances for each integrated chain, such as Osmosis, Neutron, and others anticipated in the future. This strategic separation ensures that Nolus can scale efficiently while minimizing maintenance overheads.

This proposal introduces the migration to a new iteration of smart contracts on the Nolus Pirin mainnet. It includes the following update:

• Increase of the IBC packet timeouts from 1 minute to 3 hours.

For a detailed overview of the changes, please refer to the release v0.6.3 on GitHub.

By voting "YES" on this proposal, you consent to the migration of these smart contracts to the latest version v0.6.3.