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UPDATE -- Official Anchor Columbus-5 Migration Details Colu | Terra - Announcements

UPDATE -- Official Anchor Columbus-5 Migration Details

Columbus-5 is almost here. Below, we detail what will occur once the Columbus-4 mainnet is halted and the Columbus-5 mainnet migration begins.

NOTE -- This update affects USERS and DEVELOPERS.

Please read carefully

The launch of Columbus-5 is planned to start at a block height of #4,724,000 of Columbus-4 (~09/29 PST). The Col-5 mainnet migration process will take roughly 2 hours, with the possibility of delays under extenuating circumstances should they arise.

Please be aware that Anchor Protocol WILL NOT be accessible during this time.
Relevant products/toolings will also not be accessible. Attempting to access Anchor products during the migration can lead to stuck user funds.

Again, DO NOT access Anchor during this period.

We will be openly communicating multiple updates in real-time to ensure clarity and visibility about the process.
The Anchor team will officially release a statement explicitly saying when it is safe to use Anchor again after the migration is complete.

Price oracle feeds for Anchor will also be temporarily halted during the Col-5 migration period. To mitigate any potential liquidation of user borrow positions should sudden price volatility of collateral assets (e.g., LUNA) occur during the migration, the Anchor price oracle feed will not resume for 3 HOURS until AFTER the completion of the Col-5 mainnet migration. Users are advised to adjust their Borrow LTV before the migration starts or in the 3 hour window post Col-5 to reduce liquidation risk. (More details in Twitter Thread)

The team will release an announcement when the Col-5 and Anchor migrations are complete. A modified version of the web app will be provided after the migration is complete.

If you have open borrow positions on Anchor, please pay close attention to the Col-5 migration communications from both the official Terra and Anchor Twitter accounts.

Detailed Twitter Thread: https://twitter.com/anchor_protocol/status/1438311757458534403?s=21