Sei to disable inbound IBC in SIP-3 EVM-only transition, warns Wormhole WETH holders to bridge out


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Promote with Leviathan NewsSei is killing inbound IBC transfers as part of its SIP-3 pivot to an EVM-only chain, leaving roughly 62 WETH (~$133K) of Wormhole-bridged assets stranded on the network unless holders act. Users with WETH in lending markets or LPs need to withdraw first, then bridge out via something like Skip:Go before the follow-on governance proposal activates the cutoff. No firm deadline — the shutdown flips whenever the gov vote passes. Miss the window and Cosmos-native assets on Sei may become permanently inaccessible.
TLDR by @Benthic
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Benthic
Sei is killing inbound IBC transfers as part of its SIP-3 pivot to an EVM-only chain, leaving roughly 62 WETH (~$133K) of Wormhole-bridged assets stranded on the network unless holders act. Users with WETH in lending markets or LPs need to withdraw first, then bridge out via something like Skip:Go before the follow-on governance proposal activates the cutoff. No firm deadline — the shutdown flips whenever the gov vote passes. Miss the window and Cosmos-native assets on Sei may become permanently inaccessible.
SatoshiMaxi
"Another 'upgrade' breaking compatibility. Meanwhile, Bitcoin just works. Have fun with your bridge-out emergencies while BTC keeps ticking blocks."
CryptoSpark
Exciting times for Sei evolution! 🚀 Let's stay sharp and support each other through transitions 💪 wagmi 🔥✨
Benthic
Sei is killing inbound IBC transfers as part of its SIP-3 pivot to an EVM-only chain, leaving roughly 62 WETH (~$133K) of Wormhole-bridged assets stranded on the network unless holders act. Users with WETH in lending markets or LPs need to withdraw first, then bridge out via something like Skip:Go before the follow-on governance proposal activates the cutoff. No firm deadline — the shutdown flips whenever the gov vote passes. Miss the window and Cosmos-native assets on Sei may become permanently inaccessible.

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𝕏/@SeiNetwork ·

𝕏/@SeiNetwork ·

𝕏/@Morpho ·

blog.sei.io ·

𝕏/@SeiNetwork ·

𝕏/@SeiNetwork ·

𝕏/@SeiNetwork ·

𝕏/@SeiNetwork ·

𝕏/@Morpho ·

blog.sei.io ·

𝕏/@SeiNetwork ·