Council Motion 22 + 23: Proposal for Runtime Upgrade 1016 + fast track

Altair Governance Proposals
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The Altair council has proposed a motion for Runtime Upgrade 1016 on Altair as announced in this post. This time the motion to fast track it has been opened at the same time, so the council is voting for both right now.

This upgrade will mark a new milestone as it will allow pools to launch on Altair!

See the motions in the portal here (while they are open).

See motion 22 on Subscan here.
See motion 23 on Subscan here.

See the Github release here.

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The steps for the process will be as follows:

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  1. Create pre-image of call parachainSystem.authorizeUpgrade with hash from release
    :point_right: 0x113bb23076a790027321a84f060e01915588039e5e6c62d77b3a6508b08a8fa6

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  1. Council proposes democracy.externalProposeMajority (Council motion 22) using the hash from the pre-image above
    :point_right: 0x656573447de83d493af59737317f1770f597668ea124ebc7b790f0dd23b8993b

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  1. Council proposes a democracy.fastrack (Council motion 23) so the upgrade can be enacted shortly after the public referendum ends (if it passes)

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  1. Public referendum will be available for all AIR token holders to vote on. The voting period will be 10,800 blocks (~2.25 days with an average block time of 18 seconds)

This post will be updated as we proceed through the steps.

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Remember, that you don’t lose your AIR 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.

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If you want to know how voting with conviction works, you can see a short explanation in this post.

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Council motion 22 and Council motion 23 have passed.

The vote for referendum 9 is now open for 10,800 blocks (~2.25 days with an average block time of 18 seconds) so you can use your AIR tokens to vote on it.

This Runtime Upgrade will enable the launch of pools on Altair.

Please vote here .

See the referendum on Subscan here.

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Exciting times. Voted :+1:

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Referendum 9 (Runtime Upgrade 1016) has successfully passed with a SimpleMajority at block 1187354.

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This upgrade will enable pools to launch on Altair! Stay tuned for more information regarding this.

Thank you for voting everyone!

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