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.
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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
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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.
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4/ We can classify the reason for the slight delay into 3 primary buckets: First: A new version of Mantle that is highly scalable and capable of withstanding significantly more traffic by scaling Wasm queries will accompany Col-5.
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5/ Since Mantle plays a critical role in mediating application network traffic on Terra, ensuring the compatibility of the new version between Col-4 and Col-5 is paramount, requiring additional testing to verify the new design changes.
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6/ Second: Provide more breathing room for third-party projects building on Terra with dependencies on existing apps like Mirror, Anchor, TerraSwap, and Shuttle migrating to Col-5. This includes easing the burden of familiarizing themselves with the new Mantle design.
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7/ Terra is not the same as it was in January of this year. TVL has swelled to $7.3 billion, and tens of thousands of new stakeholders, community members, and builders have entered the ecosystem.
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8/ The original timeline produced a hurried window for some projects to properly prep for Col-5. Giving projects more time to acquaint themselves with the Col-5 testing environment and migration plans for major apps ensures a smoother runway for projects launching post-Col-5.
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9/ Third: Provide more thorough and expansive documentation for the community and third-party developers on the specifics of the Col-5 upgrade and how to use it properly. Currently, you can find the documentation wiki for Col-5 below: https://github.com/terra-money/mainnet/wiki/Mainnet-Upgrade-Guide-Instruction-WIKI …
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10/ However, it’s in the best, most prudent interest of Terra to offer more rigorous documentation addressing questions received from ecosystem partners and third-party teams after announcing the Col-5 Bombay testnet. The documentation updates will occur on September 10th.
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11/ The official migration guides for Mirror and Anchor will be released on September 13th, meaning web apps, contracts, and bots will be functional and operational on Bombay for users by this time. TerraSwap has already been migrated.
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12/ On 09/23, the exact sequence of events for the Columbus-5 mainnet launch will be shared publicly, providing details about what to expect and how the launch will be executed.
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13/ Columbus-5 will unlock multiple new dimensions for value capture, interoperability, and scalability improvements on Terra. Assuring the smoothest launch possible is in the best interest of the
#LUNAtic community and the future of Terra.Show this thread -
14/ With swelling billions of TVL, tens of thousands of new users, and an amazing and devoted community, prudence is the optimal path forward for such a significant launch. Thanks for your patience and understanding. More updates to follow soon. Please stay tuned.
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