Prop 306: Smart Contract Migration to v0.8.16

Summary

As the Nolus network adopts a semi-permissioned blockchain model, contract migrations require governance approval. The Nolus money market architecture is strategically divided into two main components: the platform core and the protocol core. The platform core houses essential contracts that function universally across various chains without specific modifications for each chain. Conversely, the protocol core is designed for flexibility, allowing for the creation of unique contract instances tailored to each integrated chain, such as Osmosis, Neutron, and others anticipated in the future. This strategic separation ensures that Nolus can scale efficiently while minimizing maintenance overheads.

This proposal introduces the migration to a new iteration of smart contracts on the Nolus Pirin mainnet, including the following updates:

• Seamless Claiming After Closing: Once a user fully repays their debt, the system will automatically transfer the released funds from the position back to their wallet - no manual claiming required.
• Automatic Market Shutdowns: Inactive protocols with no open positions can now be closed, with lenders’ deposits automatically redistributed before the market is deprecated.
• Faster Position Opening: Collateral and loan transfers will be bundled into a single step, reducing message overhead and speeding up the process by several seconds.

For the complete changelog, please refer to the release v0.8.16 on GitHub.

By voting "YES" on this proposal, you consent to the migration of the smart contracts to the latest version v0.8.16.