Terra Classic network update 2.0.0 is expected on 17th May. After that, the next planned version is 2.1.0 and a breaking CosmWasm update is scheduled for 2.1.0. If it goes according to the plan, all Mirror contracts will stop working and users’ assets in these contracts will be lost. If you don’t want to lose your funds, you should withdraw everything that can be withdrawn from Mirror contracts and probably sell all Mirror tokens (mAssets and MIR), before it’s too late.
To read more about the CosmWasm upgrade:
- https://medium.com/@luncburnarmy/cosmwasm-v0-16-6-to-v1-1-1-impact-ass-d458e7324ded
- https://classic-agora.terra.money/t/wasmvm-v0-16-6-v1-2-0/50070
To get latest news from Terra Classic L1TF: