0L Network
@0lnetwork
After countless hours of grinding, we've reached a monumental milestone - our Release Candidate 0 for the v6.9 update went live just yesterday! 🥳
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0L Network
@0lnetwork
Here's a quick recap of what's gone down: We've gone toe-to-toe with on-chain upgrades and contract publishing, but we've come out on top! We're now FEATURE COMPLETE. All products have hit the feature freeze, and our sole focus is hunting down any remaining bugs. 🐛🔨
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0L Network
@0lnetwork
Just yesterday was our official freeze day! ❄️ You can check out the release candidate here: https://github.com/0o-de-lally/libra-v7/releases/tag/release-v6.9.0-rc.0.
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0L Network
@0lnetwork
This update is laying the groundwork for our v7, and we're stoked about the enhancements it's set to bring. Crucially, as we transition from the Delay Tower network to the Proof of Fee (PoF) network, the total token supply is going to be 10 billion.
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0L Network
@0lnetwork
The supply proposal we're adopting is designed to create a permanently deflationary coin. It's made up of three interconnected parts: halting issuance, rebasing the token, and establishing an Infrastructure Escrow community wallet for validator rewards.
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0L Network
@0lnetwork
We're planning a token split by roughly 5, resulting in a final supply of 10B coins. Post-rebasing, all account holders can expect to see a higher balance.
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0L Network
@0lnetwork
A new community wallet is being set up to function as an escrow for future validator rewards. This wallet will receive funding from the tokens generated by the token rebasing.
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0L Network
@0lnetwork
In just a few hours, we're kicking off the test-net for this release candidate. We're all systems go over here at 0L, and we're eager to bring you more updates as we power towards v7. Stay tuned, and let's rock this launch! 🚀🎉
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