Summary

• The v26.0.0 upgrade introduces the tokenfactory module to the Cosmos Hub.
• This proposal has a voting period of SEVEN DAYS.
• If the proposal passes, validators will be required to update the Cosmos Hub binary at the specified upgrade height.

Release Details

• The release can be found here.
• The changelog can be found here.

Features

• This upgrade will introduce the cosmos/tokenfactory module to the Hub, as per signalling proposal 1010.

Tokenfactory Parameters

The following can be adjusted through governance proposals:

• The denom creation fee is set to 10 ATOM
• The denom creation gas consumption is set to 2_000_000

Bug fixes

• Add missing cosmos_proto.scalar cosmos.Dec annotation to x/liquid LiquidValidator.liquid_shares field (#3936)
• Add stake validation to vote messages from wasm contracts (#3949)

Dependencies

• cosmos/tokenfactory → v0.53.5

This upgrade is state-breaking and mandatory once the on-chain vote passes and the upgrade height is reached.

Governance votes

The following items summarize the voting options and what it means for this proposal:

YES - You agree that the Cosmos Hub should be updated with this release.

NO - You disagree that the Cosmos Hub should be updated with this release.

NO WITH VETO - A ‘NoWithVeto’ vote indicates a proposal either (1) is deemed to be spam, i.e., irrelevant to Cosmos Hub, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Cosmos Hub governance. If the number of ‘NoWithVeto’ votes is greater than a third of total votes, the proposal is rejected and the deposits are burned.

ABSTAIN - You wish to contribute to the quorum but you formally decline to vote either for or against the proposal.