Sei v2 will be launched in three phases

Sei announced that the Sei v2 launch plan is divided into three phases. The first phase is governance, where the proposed update v2 is ready to be adopted on the mainnet via an on-chain proposal, thus beginning the governance approval process; the second phase is Alpha release, where if the governance approval process is accepted, validators will start upgrading their software and the existing Sei Pacific-1 mainnet will be upgraded to v2; v2 is ready in phase 3.