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In preparation for the Optimism Bedrock improve, we’ve created this weblog submit to supply detailed details about the scheduled downtime and its influence on Synthetix.
In preparation for the Optimism Bedrock improve, we’ve created this weblog submit to supply detailed details about the scheduled downtime and its influence on Synthetix.
The Bedrock improve is scheduled to start June sixth at 16:00 UTC. There can be deliberate optimism chain downtime of roughly 4 hours, ending at 20:00 UTC. Throughout this era, all Synthetix contracts on Optimism can be inaccessible.
This main replace will result in important enhancements to Optimism, growing its robustness and scalability. Bedrock may even assist to enhance Synthetix Perps, decreasing gasoline charges and order affirmation occasions.
Synthetix can be affected within the following methods:
– From Might thirtieth, every week previous to the Bedrock improve, optimism buying and selling rewards can be quickly paused
– Beginning June 4th 16:00 UTC, Perps Positions can be close-only for the 48 hours earlier than the improve is scheduled to start, which implies you’ll be able to shut current positions, however not open new positions.
– 10 minutes earlier than bedrock is about to start (i.e. sixth of June at 15:50 UTC) all perps markets can be set to a paused state, issuance (staker mint/burn) can be paused on each Ethereum and Optimism, and synth exchanges can be paused on Optimism.
– Continuation of buying and selling rewards afterward can be contingent on a clean improve and subsequent resumption of buying and selling
– All Synthetix contracts on Optimism can be inaccessible in the course of the improve resulting from chain downtime (16:00 UTC to ~20:00 UTC on June sixth)
-As soon as the bedrock replace is full, all capabilities and contracts can be unpaused and accessible.
FAQ
10 minutes earlier than bedrock is about to start, issuance (mint/burn) can be paused on each Ethereum and Optimism. All different Synthetix contracts on Ethereum mainnet can be accessible.
How will this have an effect on bridging?
On improve day, transactions, deposits, and withdrawals can be unavailable during the downtime, and the OP Mainnet chain is not going to be progressing.
How will I do know when Optimism is prepared once more?
Check with the Optimism Standing and Optimism Basis Twitter accounts for dwell Optimism Bedrock updates.
What ought to I do earlier than the improve?
Full any transactions which can be time-sensitive, as you’ll be unable to course of any further transactions on Optimism in the course of the bedrock improve.
Optimism Downtime Particulars
On improve day, transactions, deposits, and withdrawals can be unavailable during the downtime, and the OP Mainnet chain is not going to be progressing.
Be taught extra about Optimism Bedrock Improve launch & downtime.
What’s Optimism Bedrock?
Bedrock is the title of the first-ever official launch of the OP Stack, which is a set of free and open-source modular parts that work collectively to energy Optimism. Here is a abstract of enhancements pulled immediately from the Optimism Bedrock Docs.
Lowered Charges: Bedrock employs an optimized information compression technique, which is anticipated to considerably decrease transaction prices. Moreover, it eliminates all gasoline prices related to EVM execution when submitting information to Layer 1 (L1), slicing charges by an additional 10%.Shortened Deposit Instances: Due to the help for L1 reorganizations (re-orgs) within the node software program, deposit occasions can be significantly decreased. The place it took as much as 10 minutes to verify deposits beforehand, with Bedrock, deposits are anticipated to verify inside 3 minutes.Improved Proof Modularity: Bedrock abstracts the proof system from the OP Stack, permitting a rollup to make use of both a fault proof or validity proof to verify right execution of inputs. This abstraction allows the usage of programs like Cannon to confirm faults.Enhanced Node Efficiency: Node software program efficiency is considerably improved in Bedrock. It permits a number of transactions in a single rollup block, spreading the price of Merkle trie updates throughout these transactions. This alteration is estimated to scale back state progress by about 15GB per 12 months. Additional, technical debt from the earlier model is eliminated, bettering node effectivity.Improved Ethereum Equivalence: Bedrock is designed to emulate Ethereum as intently as potential. It eliminates a number of deviations discovered within the earlier model and provides help for EIP-1559, chain re-orgs, and different L1 Ethereum options.
Keep Knowledgeable
In case you have any questions or want additional clarification, please be a part of the dialog on Discord.
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