Prop 329: Smart Contract Migration (v0.8.24)

Summary

As the Nolus network adopts a semi-permissioned blockchain model, contract migrations require governance approval. The Nolus money market architecture is strategically divided into two main components: the platform core and the protocol core. The platform core houses essential contracts that function universally across various chains without specific modifications for each chain. Conversely, the protocol core is designed for flexibility, allowing for the creation of unique contract instances tailored to 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, including the following updates:

• Code Refactor: Eliminates the dependency on osmosis-std to simplify the codebase and improve maintainability.
• Closing of Inactive Positions: Enables the forced closure of positions exposed to potential liquidity issues on supported DEXes, after prior notice is given to users to close them manually before a specified deadline.

For the complete changelog, please refer to the release v0.8.24 on GitHub.

By voting "YES" on this proposal, you consent to the migration of the smart contracts to the latest version v0.8.24.