Penumbra Governance

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The more you stake, the more your vote will count. Your voting power is equal to the value of your stake at the time a proposal is submitted.

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Proposal #5: Penumbra voluntary halt and upgrade in response to IBC dependency fix
Status: Passed

Description
This upgrade is consensus-breaking, and adopts a liveness bug fix to an IBC dependency that the Penumbra protocol depends on.

Voting for this proposal signals agreement and readiness by the community of validators supporting the Penumbra chain to standby for an upcoming software patch upon halt at a predetermined height.

Penumbra validators should be expected to momentarily halt the chain at height 4378762, standby, and adopt a new version of the Penumbra software disseminated in response to the IBC path in order to reinitialize the Penumbra chain upon release of new software.
Proposal Details
Kind: PROPOSAL_KIND_UPGRADE_PLAN
Deposit: 100 UM
Voting Period
Start Block: 4312313
End Block: 4346873
Executable Payload
```
{
  "kind": "upgrade_plan",
  "height": 4378762
}
```
Voting
Voting for Proposal #5 is closed.
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Vote Tally
Total Votes: 15,393,641 UM | Hover over sections for details
Proposal #4: Penumbra v0.81.00 Support for UIP 4, UIP 5, UIP6 and UIP 8
Status: Passed

Description
This proposal is in place to encourage validators to upgrade version to version v.81.0 of the Penumbra software,

This upgrade is consensus-breaking, and will adopt several breaking changes to the Penumbra protocol that both help fix and improve the software.

Voting for this proposal opens up potential for increases in wallet sync speed and improvements in IBC compatibility.

Critically, this proposal also includes a solution for issues stemming from a connection to Noble network and re-enables Noble USDC transfers with the introduction of transparent addresses.

In preparation for this upgrade, validators of the Penumbra chain are encouraged to upgrade to v0.80.11 well ahead of the proposals passing blockheight 2611800 in order to ensure compatibility, then upgrade to 0.81.00 and migrate state in order to prevent chain halt.

v.81.00 is set to be released ahead of the upgrade at blockheight 2611800

For more information, see the Penumbra forum thread: https://forum.penumbra.zone/t/candidate-mainnet-upgrade-2/147
Proposal Details
Kind: PROPOSAL_KIND_UPGRADE_PLAN
Deposit: 100 UM
Voting Period
Start Block: 2576980
End Block: 2611540
Executable Payload
```
{
  "kind": "upgrade_plan",
  "height": 2611800
}
```
Voting
Voting for Proposal #4 is closed.
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Vote Tally
Total Votes: 9,998,828 UM | Hover over sections for details
Proposal #3: IBC Stuck Transfers Fix
Status: Passed

Description
Upgrade to the v0.80.0 tag to restore stuck transfers.

For more information, see the Penumbra forum thread: https://forum.penumbra.zone/t/usdc-withdrawal-issues-and-proposed-fix/53/
Proposal Details
Kind: PROPOSAL_KIND_UPGRADE_PLAN
Deposit: 100 UM
Voting Period
Start Block: 466456
End Block: 501016
Executable Payload
```
{
  "kind": "upgrade_plan",
  "height": 501975
}
```
Voting
Voting for Proposal #3 is closed.
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Vote Tally
Total Votes: 6,758,238 UM | Hover over sections for details

Proposal #2: Refine Mainnet Parameters

Status: Passed

Description

Update fee parameters for USDC, ATOM and OSMO

Proposal Details

Kind: PROPOSAL_KIND_PARAMETER_CHANGE

Deposit: 100 UM

Voting Period

Start Block: 432276

End Block: 466836

Executable Payload

{
  "kind": "parameter_change",
  "changes": [
    {
      "key": "fixedAltGasPrices",
      "value": "[{\"assetId\":{\"inner\":\"drPksQaBNYwSOzgfkGOEdrd4kEDkeALeh58Ps+7cjQs=\"},\"blockSpacePrice\":\"600\",\"compactBlockSpacePrice\":\"15560\",\"verificationPrice\":\"10\",\"executionPrice\":\"10\"},{\"assetId\":{\"inner\":\"B+9mATKkwyNfqyctQ9m5dSqDN7LRCFl6v/r/XyRtDw8=\"},\"blockSpacePrice\":\"120\",\"compactBlockSpacePrice\":\"3112\",\"verificationPrice\":\"2\",\"executionPrice\":\"2\"},{\"assetId\":{\"inner\":\"KSOgqHs6JCHxZcyFPb9zqb2vtdoNlIVktgWcsCF8RAc=\"},\"blockSpacePrice\":\"1200\",\"compactBlockSpacePrice\":\"31120\",\"verificationPrice\":\"20\",\"executionPrice\":\"20\"}]",
      "component": "feeParams"
    }
  ]
}

Voting

Voting for Proposal #2 is closed.

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Vote Tally

Total Votes: 5,645,187 UM | Hover over sections for details

Proposal #1: Enable Full Functionality
Status: Passed
Description
This proposal enables full functionality of the Penumbra chain, enabling IBC transfers and the Penumbra DEX.

If this proposal passes, price discovery of the UM token can occur as it becomes tradeable on Penumbra and elsewhere in the IBC ecosystem. This may involve significant initial volatility, pricing, and liquidity risk. Penumbra's Gradual Dutch Auctions allow users to spread trade intent over time, up to 48 hours, and are one tool for users who wish to participate in price discovery, either by buying or selling tokens.

To enable full functionality of the Penumbra chain, this proposal makes the following parameter changes:

Enable inbound ICS20 token transfers.

Enable outbound ICS20 token transfers.

Enable the Penumbra Decentralized Exchange.

Set the slashing penalty for validator downtime to 1 basis point, up from when the network was starting.

Add Noble USDC as a priority routing candidate for on-chain routing.

Add Noble USDC, ATOM, and OSMO as alternative fee tokens for gas payment.

Hello from the other side.
Proposal Details
Kind: PROPOSAL_KIND_PARAMETER_CHANGE
Deposit: 100 UM
Voting Period
Start Block: 377056
End Block: 411616
Executable Payload
```
{
  "kind": "parameter_change",
  "changes": [
    {
      "key": "inboundIcs20TransfersEnabled",
      "value": "true",
      "component": "ibcParams"
    },
    {
      "key": "outboundIcs20TransfersEnabled",
      "value": "true",
      "component": "ibcParams"
    },
    {
      "key": "isEnabled",
      "value": "true",
      "component": "dexParams"
    },
    {
      "key": "slashingPenaltyDowntime",
      "value": "\"10000\"",
      "component": "stakeParams"
    },
    {
      "key": "fixedAltGasPrices",
      "value": "[{\"assetId\":{\"inner\":\"drPksQaBNYwSOzgfkGOEdrd4kEDkeALeh58Ps+7cjQs=\",\"blockSpacePrice\":\"600\",\"compactBlockSpacePrice\":\"15560\",\"verificationPrice\":\"10\",\"executionPrice\":\"10\"}},{\"assetId\":{\"inner\":\"B+9mATKkwyNfqyctQ9m5dSqDN7LRCFl6v/r/XyRtDw8=\",\"blockSpacePrice\":\"120\",\"compactBlockSpacePrice\":\"3112\",\"verificationPrice\":\"2\",\"executionPrice\":\"2\"}},{\"assetId\":{\"inner\":\"KSOgqHs6JCHxZcyFPb9zqb2vtdoNlIVktgWcsCF8RAc=\",\"blockSpacePrice\":\"1200\",\"compactBlockSpacePrice\":\"31120\",\"verificationPrice\":\"20\",\"executionPrice\":\"20\"}}]",
      "component": "feeParams"
    },
    {
      "key": "fixedCandidates",
      "value": "[{\"inner\":\"KeqcLzNx9qSH5+lcJHBB9KNW+YPrBk5dKzvPMiypahA=\"},{\"inner\":\"drPksQaBNYwSOzgfkGOEdrd4kEDkeALeh58Ps+7cjQs=\"}]",
      "component": "dexParams"
    }
  ]
}
```
Voting
Voting for Proposal #1 is closed.
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Vote Tally
Total Votes: 8,836,065 UM | Hover over sections for details
Proposal #0: Mainnet ratification and establishment of IBC channels
Status: Passed
Description
Greetings, fellow members and operators of Penumbra,

This is the first governance proposal for the Penumbra network. It is a parameter-change proposal for Penumbra that will allow other IBC chains to recognize this chain as the Penumbra mainnet, thereby ratifying the network that was started two weeks ago as the canonical Penumbra network moving forward.

Crucially - This proposal does NOT enable transfers or trading - this will happen in a subsequent parameter change proposal. This proposal allows relayers to establish IBC connections and align on channel and token metadata in advance of a proposal to enable full functionality.

This governance proposal and the parameter changes associated with it will turn affect the following functions:

Allow for the establishment of IBC channels

Changes gas prices in order to reduce cost for relayers to establish channels

Voting YES for this proposal is a signaling vote to ratify mainnet and enable the preceding functions. This proposal requires a supermajority (2/3+1) in order to pass.
Proposal Details
Kind: PROPOSAL_KIND_PARAMETER_CHANGE
Deposit: 100 UM
Voting Period
Start Block: 207250
End Block: 241810
Executable Payload
```
{
  "kind": "parameter_change",
  "changes": [
    {
      "key": "ibcEnabled",
      "value": "true",
      "component": "ibcParams"
    },
    {
      "key": "fixedGasPrices",
      "value": "{\"blockSpacePrice\":\"60\",\"compactBlockSpacePrice\":\"1556\",\"verificationPrice\":\"1\",\"executionPrice\":\"1\"}",
      "component": "feeParams"
    },
    {
      "key": "slashingPenaltyDowntime",
      "value": "\"1\"",
      "component": "stakeParams"
    }
  ]
}
```
Voting
Voting for Proposal #0 is closed.
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Vote Tally
Total Votes: 8,946,233 UM | Hover over sections for details

Stake $UM to Vote on Penumbra

Proposal #5: Penumbra voluntary halt and upgrade in response to IBC dependency fix

Description

Proposal Details

Voting Period

Executable Payload

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Proposal #4: Penumbra v0.81.00 Support for UIP 4, UIP 5, UIP6 and UIP 8

Description

Proposal Details

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Proposal #3: IBC Stuck Transfers Fix

Description

Proposal Details

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Proposal #2: Refine Mainnet Parameters

Description

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Proposal #1: Enable Full Functionality

Description

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Proposal #0: Mainnet ratification and establishment of IBC channels

Description

Proposal Details

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Executable Payload

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