Prop 298: Pin Contract Codes (v0.8.12)

Summary

Proposal #27 introduced a change to extend the store code permissions, allowing an additional wallet address managed by the Nolus team to store code on-chain without requiring a separate governance proposal. This streamlines the process, reducing the number of proposals needed for migrations. Consequently, the community can more easily track smart contract versions.

However, contracts stored on-chain through this additional address remain unpinned. Code pinning is a mechanism that keeps contract code IDs in memory, eliminating the need to load them from storage for each execution. This reduces gas costs for transactions involving the contract. By keeping the contracts pinned, the follow-up smart contract migration proposal can be executed with significantly lower gas costs compared to unpinned contracts.

By voting "YES" to this proposal you agree to pin the contract IDs of the newly stored codes from version v0.8.12 of Nolus protocol smart contracts. This includes all 10 of the markets (each containing 6 code ids) and 3 code ids from the platform core, meaning 63 in total. There will be a follow-up proposal to migrate all contracts to this newer version.