AtomOne v3 upgrade

The AtomOne v3 release is a major release that will follow the standard governance process. The on-chain voting period typically lasts 3 days.

On governance vote approval, validators will be required to update the AtomOne chain binary at the halt-height specified in the on-chain proposal

Release Binary & Upgrade Resources

IMPORTANT: Note that AtomOne v3.0.3 binary MUST be used.

The release can be found here.

The upgrade guide can be found here.

Proposed Release Contents

This release introduces the following major new features:

• Add upgrade code to mint photon from 50% of bond denom funds of Community Pool and 90% of Treasury DAO address #157
• Make x/gov quorum dynamic
• Add the x/dynamicfee module and use the EIP-15559 AIMD algorithm
• Make x/gov proposals deposits dynamic
• Burn x/gov proposals deposit if percentage of no votes > params.BurnDepositNoThreshold when tallying

The other changes can be found in the changelog here.

Schedule

With a three-week voting period, in the event the proposal is supported, it should pass around Nov 13rd. The upgrade will be expected to take place the following week, at Nov 19th. The specific block halt-height is 5,902,000.

Testing

The v3 release has gone through rigorous testing, including e2e tests and integration tests.

Potential risk factors

Although very extensive testing and simulation will have taken place there always exists a risk that the AtomOne experience problems due to potential bugs or errors from the new features. In the case of serious problems, validators should stop operating the network immediately. Coordination with validators will happen in the #testnet-private channel of the AtomOne Community Discord to create and execute a contingency plan. Likely this will be an emergency release with fixes or the recommendation to consider the upgrade aborted and revert back to the previous release of AtomOne (v2.1.0)

Governance votes

The following items summarize the voting options and what it means for this proposal:

YES - You agree that the AtomOne chain should be updated with this release. NO - You disagree that the AtomOne chain should be updated with this release. ABSTAIN - You wish to contribute to the quorum but you formally decline to vote either for or against the proposal.