Optics v2 update: The Optics v2 deployment has been completed and can go live as soon as Monday.
Huge thanks to the team that have worked through the Thanksgiving holiday to get this done.
We’re committed to launching Optics v2 in a thoughtful and secure manner that maximizes trust and confidence in the new bridge. Before it is considered live, we encourage members of the community to audit the deployment and its governance. We’re sharing details in this post for anyone interested in reviewing.
An update on Optics v1: Over the weekend, multiple individuals came forward with information regarding the identities of the holders of the multisig. However, we have not been able to verify this information. Moreover, we still cannot confirm the identity of the holder of the recovery manager account for non-Ethereum chains. We will continue to investigate the facts around this incident, to contribute towards a detailed public incident review. However right now the lack of public transparency of privileged key holders has not changed. This means the team is focused on providing a community-owned, secure v2 for users.
For current users of the Optics v1 bridge, we continue to recommend that users perform the following actions as soon as possible:
- For large holders not impacted by the cost of gas on Ethereum, we suggest using the current instance of Optics (v1) to move your funds back to Ethereum and then back to Celo using the newly deployed Optics v2 at a later time once it is launched.
- For smaller holders not looking to be impacted by the price of gas on Ethereum, there are numerous non-optics assets that are not affected (e.g. cUSD, cEUR, cETH, cBTC) that we recommend trading into, and back to the Optics v2 assets once they are live.