The Centrifuge council has proposed a motion for Runtime Upgrade 1007 on Centrifuge. The details of the upgrade can be found in this post.
See the motion in the portal here (while it is open).
See the motion on Subscan here.
See the Github release here .
The steps for the process will be as follows:
- Create pre-image of call
parachainSystem.authorizeUpgradewith hash from release
- Council proposes
democracy.externalProposeMajority(Council motion) using the hash from the pre-image above
- If the motion above passes, the council will propose a
democracy.fastrack(Council motion) so the upgrade can be enacted shortly after the public referendum ends (if it passes)
- Public referendum will be available for all CFG token holders to vote on. The voting period will be 28,800 blocks (~4 days with an average block time of 12 seconds)
This post will be updated as we proceed through the steps.
Remember, that you don’t lose your CFG by voting on referenda - they are just locked for the duration of the vote. After that, they will be available for transfer again. You can make your vote count for more by voting with conviction which means that you can vote with up to 6X the amount of tokens you have, by locking them for a longer period of time.
If you want to know how voting with conviction works, you can check this manual .