Mento Upgrade #1 deployment timeline

Mento
11

Update On Mainnet Phase 1:

  • :white_check_mark: CGP to add USDC/USD reports to SortedOracles (CGP)
  • :white_check_mark: CGP for MU01 with cUSD/CELO, cEUR/CELO, cBRL/CELO, and cUSD/axlUSDC as initial pools, conservative trading limits, and a partial reserve. (technical forum post was discussed in the governance call)
  • New Mento UI released
  • Broker added to routers

MU01 is live and the Broker can now be used for swaps. The UI will also be live soon, and we’ve worked closely with the different teams in the community to get Mento V2 included in routers.

However, during initial mainnet testing, we identified a bug that affects the cUSD/axlUSDC pool.
We’ve already transferred all axlUSDC out of the PartialReserve contract used during this live testing phase effectively pausing the pool, and we’re already working on a fix. Once it’s done we’ll have a hotfix audit session and issue a new release and CGP to upgrade the affected contract.
This will undoubtedly push Phase 2 out for at least a few weeks. We’ll come back with a more exact timeline when we have it.

5 Likes