Proposal #121: Kava 12 Mainnet Upgrade\n\n## Objective\n\nKava would be upgraded to Kava 12.\n\n## Description\n\nAfter conferring with our partners and quality assurance testers, Kava Labs recommended that the Kava-12 upgrade is postponed for one week. Therefore, proposal #120 needed to be rejected. This proposal specifies that the Kava 12 upgrade will occur on January 25th, 2023, at approximately 15:00 UTC.\n\nThe release candidate & details for Kava 12 can be reviewed at: https://github.com/Kava-Labs/kava/releases/tag/v0.20.0 \n\n## Why is it needed?\n\nThis proposal will allow Kava to roll out new features for the community pool and inflation rate, plus additional improvements to the Kava EVM.\n\n## Vote Yes\n\nBy voting yes, you agree to upgrade Kava to Kava 12.\n\n## Vote No\n\nBy voting no, you disagree with upgrading Kava to Kava 12.\n