IRISnet Mainnet 3.0 Upgrade Pre-Announcement
Get ready for a leap forward with IRISnet as we unveil the highly anticipated Mainnet 3.0 upgrade, slated for May 2024. Embracing innovation and collaboration, this upgrade is poised to elevate the IRISnet ecosystem to the next heights, introducing a host of cutting-edge features and enhancements.
What to Expect with IRISnet 3.0
- Introducing Liquid Staking Module (LSM)
Embark on a secure and efficient mechanism to incentivize liquidity on the IRISnet with the Liquid Staking Module (LSM). By enabling the LSM, expanded partnerships with top-tier teams like Stride and Persistence can be sparked. Users can not only earn rewards for staking assets but also enjoy enhanced flexibility in liquidity management, maximizing returns while actively engaging in staking activities.
2. Binding Native Tokens to ERC20 Contracts
Breaking down barriers and fostering interoperability, IRISnet 3.0 introduces a feature allowing users to bind native tokens to ERC20 contracts through community governance. This enables seamless swapping at a 1:1 ratio, enhancing the ecosystem’s accessibility and paving the way for unparalleled growth in application development. With this advancement, IRISnet opens its doors to a broader audience and catalyzes a wave of innovation across the platform. Explore further in the preview blog.
Upgrade Procedure and Timeline
The upgrade procedure for IRISnet 3.0 follows a structured process, including 1) submission of the on-chain upgrade proposal, 2) a voting period, and 3) the execution of the mainnet upgrade.
The actual timeline for the upgrade is subject to the Upgrade Proposal, with key dates outlined below:
- Testnet Activation: May 11
- On-chain Upgrade Proposal Submission: May 15
- Upgrade Execution: May 20
Note: The mainnet 3.0 upgrade will be a compatible upgrade.
We extend a heartfelt invitation to validators, service providers, dApp builders, and community members alike to join us in shaping the future of IRISnet. Together, let’s unlock the full potential of IRISnet and embark on a transformative journey towards a decentralized and interconnected future.
