The Core Facilitator, Sidestream, and Dewiz have placed an executive proposal into the voting system. SKY holders should vote for this proposal if they support the following alterations to the Sky Protocol.

If you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.

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Executive Summary

If this executive proposal passes, the following action will occur within the Sky Protocol:

• The final stage of the Solana Bridge Migration will be executed.

Voting for this executive proposal will place your SKY in support of the action outlined above.

Unless otherwise noted, the action listed above is subject to the GSM Pause Delay. This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to 24 hours.

This executive proposal includes an office-hours modifier that means that it can only be executed between 14:00 and 21:00 UTC, Monday - Friday.

If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol.

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Proposal Details

Solana Bridge Migration

• Authorization: Governance Poll 1603, Atlas Entry
• Proposal: Technical Scope, Atlas Edit Proposal

If this executive proposal passes, then the final stage of the Solana Bridge Migration will be executed through the following actions:

• Call MigrationInit.initMigrationStep1 with the following parameters:
  • oftAdapter: 0x1e1D42781FC170EF9da004Fb735f56F0276d01B8
  • oftPeer: BEvTHkTyXooyaJzP8egDUC7WQK8cyRrq5WvERZNWhuah
  • govOapp: 0x27FC1DD771817b53bE48Dc28789533BEa53C9CCA
  • govPeer: 8vXXGiaXFrKFUDw21H5Z57ex552Lh8WP9rVd2ktzmcCy
  • rl.outboundWindow: outbound duration of the rate limiting window:
    • 1 days (as specified in the Atlas edit)
  • rl.outboundLimit: outbound maximum allowed amount within a given window:
    • 10_000_000 USDS (as specified in the Atlas edit)
  • rl.inboundWindow: inbound duration of the rate limiting window:
    • 1 days (as specified in the Atlas edit)
  • rl.inboundLimit: inbound maximum allowed amount within a given window:
    • 10_000_000 USDS (as specified in the Atlas edit)
  • rl.rlAccountingType: accounting type (Net or Gross):
    • 0 meaning Net (as specified in the Atlas edit)
  • maxFee: expected to be 0 (unless Wormhole.messageFee() returns non-zero value)
  • transferMintAuthPayload: expected to contain cross-chain message sent via Wormhole.publishMessage that will transfer mint authority to the new oftPeer:
    • Generated by the ntt-transfer-mint-authority script
    • The actual payload can be found on GitHub
  • transferFreezeAuthPayload: expected to contain cross-chain message sent via Wormhole.publishMessage that will transfer freeze authority to the new govPeer:
    • Generated by the set-token-freeze-authority script
    • The actual payload found on GitHub
  • transferMetadataUpdateAuthPayload: expected to contain cross-chain message sent via Wormhole.publishMessage that will transfer “metadata update” authority to the new govPeer:
    • Generated by the update-mpl-metadata-authority script
    • The actual payload found on GitHub
• Call GovernanceRelayInit.init with the following parameters:
  • l1GovernanceRelay: 0x2beBFe397D497b66cB14461cB6ee467b4C3B7D61
  • l1Oapp: 0x27FC1DD771817b53bE48Dc28789533BEa53C9CCA

Chainlog Additions

The following additions to the Chainlog will be made:

• Add new SkyOFTAdapter (0x1e1D42781FC170EF9da004Fb735f56F0276d01B8) to the Chainlog as USDS_OFT
• Add new GovernanceOAppSender (0x27FC1DD771817b53bE48Dc28789533BEa53C9CCA) to the Chainlog as LZ_GOV_SENDER

Review

Community debate on these topics can be found on the Sky Governance forum. Please review any linked threads to inform your position before voting.

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Resources

Additional information about the Governance process can be found in the Operational Manual.

To add current and upcoming votes to your calendar, please see the Sky Governance Calendar.