Sei Labs Co-creation: Sei V2 Upgrade Governance Proposal Has Started On-chain Voting

Jay, co-founder of Sei Labs, announced on X platform that the Sei V2 upgrade proposal for governance has started on-chain voting. If approved, the mainnet upgrade will take place on May 27th, next Monday. Currently, the proposal has a 100% approval rate and voting will end on May 26th. Earlier, Sei announced that it will launch the V2 upgrade plan in three phases, aiming to launch the first highly scalable and parallelizable EVM. The V2 upgrade will be divided into governance, alpha release, and V2 ready phases.