Centrifuge Parachain Launch Process Update

[Rhano]

Hi @Smile2u,

Just to clarify, Cassidy talks about the migration from a standalone chain to parachain:

@cassidy

Because Centrifuge chain is already live as a standalone PoS chain, caution needs to be taken in the migration process from the existing chain to the parachain.

Devin talks about migration of Tinlake.

@devin

We’re building pools on Centrifuge Chain, yes, but we have no plans to shut down or migrate Tinlake in the near term!

It’s two different things.

[mikiquantum]

Hello everyone,

We are going to initiate the migration process in the next few hours following on the process above.

We have successfully completed step 1 of stability and now we are moving on to step 2 & step 3 so we have initiated a Council fastrack vote to propose one last runtime upgrade in the Standalone chain
with the following release code: Release Centrifuge v2.0.0-RC6 - 246 - Disabling Calls · centrifuge/centrifuge-chain · GitHub

As soon as that code is enacted in the next hours, the standalone chain will not allow any transfers until the migration to the new parachain is done.

We will keep updating here with any updates about each step of the process.

All the best,

[lucasvo]

The council just voted on the motion to upgrade Centrifuge to v2.0.0-RC6 - 246 which disables all calls. The democracy proposal is active for 8hrs at which point if it passes the chain will stop allowing balance transfers as well as most other transactions. Following this step we will take a chain snapshot and migrate it to the Centrifuge parachain and activate our parachain.

This is what is going to happen:

1. DONE Council to vote on runtime upgrade
2. Vote now! on Democracy motion #44 which disables all transactions including CFG transfers, vote is over at approximately 04:30 UTC 2022-04-05.
3. At approximately ~03:00 UTC 2022-04-05 Bridge will temporarily halt transfers during migration
4. 2022-04-05 08:00 UTC migration work begins
5. Migration will take ~24-36hrs with the final step removal of the sudo key enabling transfers on the parachain and all other transactions
6. Council Elections: At this point token holders will be asked to elect council members for the new council on the Centrifuge parachain.

We will share another update with everyone as we get closer to steps 4-6.

[mikiquantum]

Referendum 44 was executed. Currently the standalone chain will not progress any further. We are entering in step 4 and 5.

More information here once we progress on these steps.

[mikiquantum]

Hello everyone,

Step 4 & 5 have been executed successfully. Accounts and Balance transfers are enabled and the Sudo Key has been removed.
This wraps up the core part of the migration. More information will come soon.

Thanks for staying with us along the way

[ImdioR]

06.04.2022 updated info about the migration process:

1. DONE Council to vote on runtime upgrade
2. DONE Vote now! on Democracy motion #44 which disables all transactions including CFG transfers, vote is over at approximately 04:30 UTC 2022-04-05.
3. DONE At approximately ~03:00 UTC 2022-04-05 Bridge will temporarily halt transfers during migration
4. DONE 2022-04-05 08:00 UTC migration work begins
5. DONE Migration will take ~24-36hrs with the final step removal of the sudo key enabling transfers on the parachain and all other transactions
6. Council Elections: At this point token holders will be asked to elect council members for the new council on the Centrifuge parachain.

[h2134]

when enable staking?

[Tjure07]

Hi h2134.

With the parachain launch Centrifuge switches from Validators to Collators and staking will not be the same. It will for sure take quite a while. Please take a look into the protocol roadmap for an outlook:

https://gov.centrifuge.io/c/cfg-governance/collator-introduction-cfg/7

https://medium.com/centrifuge/real-world-defi-with-centrifuge-our-protocol-roadmap-d2fc14ff6acb

[ImdioR]

Good evening dear CFG Community!

CFG Crowdloan reward claims have been delayed — but just until next week.

Our engineers need more time to test all aspects of the crowdloan claim implementation!

These comprehensive tests are very important for the health & security of our newly launched parachain .

[Tjure07]

Thanks for the update, Ivan. Delays can happen and it’s important to understand that Blockchain technology requires complex coding and testing.

For the sake of safety it’s better to make sure everything works as designed

[ImdioR]

Runtime Upgrade 3 Proposal

We are finally ready to propose the runtime that will bring in the crowdloan claiming capabilities with this [release] - Release Centrifuge parachain PRTU 3 - Enabling Crowdloan Claming · centrifuge/centrifuge-chain · GitHub

Currently, the Council is voting on the proposal, you can follow the progress - Subscan | Aggregate Substrate ecological network High-precision Web3 explorer

After that is done the Council will propose to fasttrack the proposal with a voting period of ~24h.
Best regards.

[ImdioR]

Update 20.04.2022:

Enable Crowdloan Claiming: Voting period of 24h with Crowdloan claim functionality
Update : The vote is live in a democracy now: Please cast your vote [here] while the voting period is open.
The voting period ~24h.
Best regards.

[mile]

@lucasvo

activate

Hi!
I suppose by finalization of the point 5, validators on Centrifuge stand alone chain are obsolete and can be shut down?

[ImdioR]

Referendum #1 successfully passed (SuperMajority):
Proposed Hash - 0xb0c1d324ccee9d4edad447e7bb3ce4e5ccace72ecab7390b5fa9e0548488017e
Aye: 984,588.99 CFG
Nay: 24,515.99 CFG
Subscan | Aggregate Substrate ecological network High-precision Web3 explorer
Now we are waiting for the upgrade to be executed.

After this step, we will initialize the crowdloan pallets and enable claiming on the website.

[ImdioR]

The Runtime Upgrade was executed correctly and the Crowdloan Pallets have been initialized.

Claiming is available Centrifuge Parachain Crowdloan | Centrifuge: Real World DeFi

Happy claiming!

[polblancoo]

good, I contributed through Parallel, from the parallel account they paid me everything, from the Centrifuge.io PAGE, nothing appears, the polka.js is well configured as it says right here.
I have the same problem ( I think we are 2 left ) in the contribution of ksm — Air .
I hope we can solve it since I have been waiting for the previous issue for months. Thank you

[ImdioR]

Good day
Parallel Finance, Bifrost, EQ contributors can not claim rewards due to an issue. Our Devs are already aware of this problem and soon they will release the fix.
Sorry for the trouble and thank you for understanding.

[cassidy]

Thanks everyone for your patience, we expect the fix to allow Parallel, Bifrost, and EQ users to claim to go live soon.

Update: Fix expected soon for Parallel, Bifrost, and Equilibrium user CFG crowdloan claims

Hi Everyone, Thanks for your patience and understanding as we try to solve the issue of the last crowdloan claims on Centrifuge! We have identified the issue and we expect a fix to enable claims for Parallel, Bifrost, and Equilibrium users to be live by May 6. If you are interested to read the details The reason these users are having issues is because of the way that these platforms work to submit the crowdloan contribution. On the Polkadot relay chain we see the address of the…

[Tjure07]

Thanks for the detailed explanation of the process and the cause of the issue. Everyone who is in the space should know, that these kind of hickups can happen. Especially when the technology is brandnew. Let’s consider this whole process as an experiment and learning phase for the next crowdloan(s) where everything runs smooth

[ImdioR]

Good day Centrifuge Community
We are happy to announce that issue with claiming CFG rewards for Parallel Finance, Bifrost and Equilibrium was fixed! Contributors via these mediums can claim their rewards.

Claiming page: Centrifuge Parachain Crowdloan | Centrifuge: Real World DeFi

Tutorial:

• How to claim rewards: How to claim CFG rewards from the Centrifuge crowdloan on Polkadot
• How to check rewards: How to see your CFG balance after migration to parachain
  Happy claiming!