You need to stake $UM tokens to vote. You can only vote on a governance proposal if you were already staking before the proposal was submitted.
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.
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
Kind: PROPOSAL_KIND_UPGRADE_PLAN
Deposit: 100 UM
Start Block: 2576980
End Block: 2611540
{ "kind": "upgrade_plan", "height": 2611800 }
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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/
Kind: PROPOSAL_KIND_UPGRADE_PLAN
Deposit: 100 UM
Start Block: 466456
End Block: 501016
{ "kind": "upgrade_plan", "height": 501975 }
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Update fee parameters for USDC, ATOM and OSMO
Kind: PROPOSAL_KIND_PARAMETER_CHANGE
Deposit: 100 UM
Start Block: 432276
End Block: 466836
{ "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" } ] }
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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:
Hello from the other side.
Kind: PROPOSAL_KIND_PARAMETER_CHANGE
Deposit: 100 UM
Start Block: 377056
End Block: 411616
{ "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" } ] }
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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:
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.
Kind: PROPOSAL_KIND_PARAMETER_CHANGE
Deposit: 100 UM
Start Block: 207250
End Block: 241810
{ "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" } ] }
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