Kyve Network

Data lake

Proposal Details

Proposal #3

Passed

Proposal title

v1.1.0 Software Upgrade

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

99.97%

Proposal #3 description

v1.1.0
Software Upgrade

PROPOSER: The KYVE Foundation ([email protected])

Proposal Summary

Recently, while undergoing an independent code review, we found a few non-critical issues. If passed, this software upgrade proposal would implement fixes and improvements to resolve these issues on the KYVE network. Additionally, if passed, token transfers via IBC would be enabled.

Proposal Details

A few non-critical issues were discovered while an independent code review was undertaken on KYVE's consensus codebase. This software upgrade includes fixes and improvements to all these issues. For a more detailed description of these changes, see this pull request.

Additionally, while monitoring the network after launch, the KYVE Development Team noticed that the vesting schedules of our investors that participated in our second funding round needed to be corrected. According to our tokenomics, the correct vesting schedule is a six-month cliff with two-year continuous vesting after. However, included in genesis was a schedule of a 1.5-year cliff with two-year continuous vesting after that. This software upgrade realigns these schedules.

Finally, to maximise security during our launch, the team decided to disable token transfers via IBC. This software upgrade enables sending and receiving of tokens.

For a more technically in-depth list of changes made in this release, please refer to the CHANGELOG file.

Upgrade Process

When the network reaches the defined upgrade height (826000), block production on the KYVE network will be halted. Block production will not resume until significant voting power has switched to the new release. Validators can either manually replace the old binary with the new one or utilise Cosmovisor to automate this process.

Voting Options

Voting YES

  • A YES vote on this proposal indicated that the KYVE network SHOULD be upgraded; and that the validators should start running the
    v1.1.0
    release.

Voting NO

  • A NO vote on this proposal indicated that the KYVE network SHOULD NOT be upgraded; and that the validators should continue running the current binary.

Voting NO WITH VETO

  • A NO WITH VETO vote on this proposal indicates that the KYVE network SHOULD NOT be upgraded; and that the proposal depositors should be penalized.

Voting ABSTAIN

  • An ABSTAIN vote on this proposal indicates that you decline to give a specific opinion on this proposal while maintaining active governance participation.

Conclusion

The forum discussion for this proposal can be found here.

This upgrade has been tested on the Kaon network (our testnet). You can find the proposal here.

Please note that this proposal follows a template that will later be finalised through a governance discussion around processes.

Proposal #3 overview

Total votes
610
Voters
564
Total deposit
25,000 KYVE

Proposal #3 votes

#

Validator

Account Address

Options
1cryptechYes
2ProvalidatorYes
3StakeLab.zoneYes
4IONode VietnamYes
5mrjw777Yes
6Chorus OneYes
7cyberGYes
8MirsYes
9RuValidatorYes
10AstraNodesYes
11Mitchell VenturesYes
12ECO Stake 🌱Yes
13DSRVYes
14MadnessYes
15[Sunsetting on July 17 - please redelegate]Yes
16SpecokYes
17DozorkenigYes
18POSTHUMAN 🧬 StakeDropYes
19F5 NodesYes
20LiveRaveNYes
21DOUBLETOPYes
22cyberomanovYes
23kallenYes
24Injective LabsYes
25PleaseUndelegateYes
26Pro-Nodes75Yes
27CosmostationYes
28MytsaiYes
29X-MenYes
30Finoa Consensus ServicesYes
31liveevilllYes
32Sr20de. Please, redelegate. Validator will be disabled on August 10thYes
33cagieYes
34SeeYouLaterYes
35EnigmaYes
36CrosnestYes
374SVYes
38π•πšπ π’πŸYes
39SUDO_workplaceNo
40SudoNo
41R1MYes
42EZ StakingYes
43breskulpeak.comYes
44SUDOYes
45Craving_for_Knowledge | reStake enabledYes
46bulevarYes
47Imperator.coYes
48A-gamingYes
49KolotYes
50starnodesYes
51MMSYes
52bitsznYes
53nodemeisterYes
54Lavender.Five Nodes 🐝Yes
55Decloud Nodes LabYes
56ZKVYes
57π‹πžπ­'𝐬 𝐍𝐨𝐝𝐞 & 𝐔𝐓𝐒𝐀Yes
58AlxVoy ⚑ ANODE.TEAMYes
59CroutonDigitalYes
60LOA LabsYes
61StingRayYes
62Node GuardiansYes
63MCB | mcbnodeYes
64Validatrium.comYes
65πŸ”₯STAVRπŸ”₯ REStake ONβœ…Yes
66Redelegate-to-new-Stakin-nodeYes
67Inter Blockchain ServicesYes
68LefeyYes

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