1/ The official Columbus-5 execution plan and set of available resources πŸ‘‡

At the block height #4,724,000, the Columbus-4 chain will halt and the Columbus-5 mainnet migration will commence.
2/ This roughly translates to the following times:

Wed Sep 29 2021 23:00:00 GMT-0800 (PDT)
Thu Sep 30 2021 07:00:00 GMT+0000 (UTC)
Thu Sep 30 2021 16:00:00 GMT+0900 (KST)
3/ The migration is expected to take roughly 2 hours pending no extenuating circumstances.

The initiation of the migration will be relayed publicly both 1 hour before its execution and also at the precise time that the Col-4 chain halts.
4/ Once the migration is initiated, please DO NOT interact with the Terra blockchain.

This means do not attempt to send transactions, access wallets, or interact with dApps on the Terra network during this time.
5/ Once the mainnet migration is complete, an announcement will be released officially confirming that Columbus-5 is live, stable, and ready to use.

At that point, users and developers will be able to interact with Columbus-5 as the new Terra mainnet.
6/ Individual applications, specifically @mirror_protocol and @anchor_protocol, will initiate a 3-hour window for users with open debt positions to deposit collateral and safely ensure liquidation risk is mitigated for those users AFTER the completion of the mainnet migration.
7/ You can find the individual rundowns of how the execution of the price feed freeze will occur for both Mirror and Anchor in the respective Tweet threads below:



8/ VALIDATORS, please update to the 0.5.5-oracle release before the mainnet migration commences.

github.com/terra-money/co…
9/ Hardware Requirement for Validators to run a sentry node:

CPU: Computer Optimized 4x cores
Ram: 32GB
Storage: 1.5TB
10/ You can also find a comprehensive list of previously announced resources for Columbus-5 below, including:

Official Contract Migration Guide -- github.com/terra-money/ma…
11/ Continued:

Official Columbus-5 Public Announcements -- github.com/terra-money/ma…

Official Columbus-5 Upgrade Instructions -- github.com/terra-money/ma…
12/ Continued:

Official Columbus-5 Wallet Migration Guide -- github.com/terra-money/ma…

Official Guide for Preparing dApps for Columbus-5 -- github.com/terra-money/ma…
13/ The Bombay-12 testnet and latest Core Release V0.5.5 are currently live, so developers can interact with the new testnet.

14/ If you’re a developer, user, or validator with specific questions pertaining to the Columbus-5 mainnet migration, please refer to the official comms channels on Telegram and Discord for assistance as we prepare for launch.
15/ Please stay tuned for ongoing updates about Columbus-5.

Again, #LUNAtics, we please ask that you help maximize the dissemination of the Col-5 migration information to reduce any information asymmetries prior to launch.

Almost time to fly πŸŒ•

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh
γ€€

Keep Current with Terra (UST) 🌍 Powered by LUNA πŸŒ•

Terra (UST) 🌍 Powered by LUNA πŸŒ• Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @terra_money

30 Sep
1/ Columbus-5 is now officially live as the new Terra mainnet!

Welcome to the future of Terra πŸŒ•

2/ Col-5 unlocks numerous dimensions for the Terra ecosystem to better capture value, port assets across IBC-enabled chains, and set the foundation for a vibrant TeFi economy.
3/ Economic Changes:

Columbus-5 simplifies the Treasury Module logic of the Terra protocol so that 100% of the $LUNA seigniorage generated by the expansion of the $UST supply is burned.
Read 14 tweets
28 Sep
1/ Important Columbus-5 mainnet migration update for VALIDATORS:

The oracle-mempool-priority patch has been released with the applied version of core to avoid oracle misses even when the network is congested.

- github.com/terra-money/co…
2/ Hardware Requirement for Validators:

CPU: Computer Optimized 4x cores
Ram: 32GB
Storage: 1.5TB
3/ Don't forget to update your Go version to v1.16+

Required ops pre-Mainnet Upgrade:

Set halt-height(4,724,000) via --halt-height=4724000 flag option or config in ~/.terrad/config/app.toml (restart required)

Upgrade to Bombay-12 node to v0.5.5-oracle tag version for testing
Read 5 tweets
28 Sep
1/ Important Bombay-11 β†’ Bombay-12 testnet update in preparation for the Columbus-5 mainnet launch.

NOTE -- Bombay-12 does not contain breaking changes to Bombay-11, but developers still need to migrate to the new testnet in preparation for the Col-5 mainnet.
2/ The latest core release v0.5.5 for Columbus-5 and the new Bombay-12 testnet will occur on:

2021-09-28T09:00:00 (UTC)
2021-09-28T18:00:00 (KST)
2021-09-28T01:00:00 (PDT)
3/ core@v0.5.5 will be released with the fix of the issue in the wasm event emitter.

- github.com/terra-money/co…

- github.com/terra-money/co…
Read 9 tweets
14 Sep
1/ Thrilled to see @JumpCryptoHQ officially launch!

Jump has quietly played a pivotal role in the Terra ecosystem for a long time and is one of the most well-reputed, talented, and strategically important firms in the broader market.

bloomberg.com/news/articles/…
2/ Jump is a consummate Terra partner.

Watching an established TradFi firm dive headlong into crypto underscores the potential of the crypto industry. As premier builders and market makers in crypto already, Jump Crypto opens up an array of new possibilities.
3/ @wormholecrypto and @PythNetwork are just the beginning. We look forward to a vibrant future with the Jump team, expanding our co-initiatives in liquidity, market-making, building, and other forms of collaboration.
Read 5 tweets
1 Sep
1/ The Columbus-5 mainnet deployment will be delayed ~3 weeks until a new block height of 4,724,000, roughly equivalent to the following times:

9/29 at 20:30 PST
9/30 at 03:30 UTC
9/30 at 12:30 KST
2/ No need to fret, as the goal is to implement some extra precautionary measures for the rollout of Terra’s most significant mainnet upgrade yet to ensure the smoothest launch possible.
3/ For some context, the Columbus-5 mainnet upgrade is massive.

Behind the scenes, numerous moving parts require attentive and thorough examination from multiple perspectives + reviews between TFL, eco partners, the community, and projects dependent on Terra applications.
Read 14 tweets
9 Aug
1/ Wormhole for Terra has arrived!

With V2 now live and the Guardian set supporting Terra on mainnet, inter-chain DeFi between @ethereum, @solana, @BinanceChain, and Terra can realize its full potential.

medium.com/terra-money/te…
2/ TFL will be converting its Shuttle bridge implementations to Wormhole, meaning that the Terra -- ETH and Terra -- BSC Shuttle bridges will be migrated to Wormhole, which will remain available on the Terra Bridge UI just with different back-end functionality.
3/ Solana will be added to the Terra Bridge UI as well, utilizing Wormhole. Stay tuned for further updates.

Eventually, the goal is for Terra Bridge to serve as the unified front-end for inter-chain transfers between Terra and other chains, including both Wormhole and IBC.
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(