gravity

Prop 114: Unfreeze IBC transfers between HAQQ TestEdge2 and Gravity Bridge

Proposal goal — This proposal will update the expired client for HAQQ TestEdge2 with the new one and thus unfreeze the IBC transfers between Gravity Bridge and HAQQ TestEdge2. By voting YES, Gravity Bridge stakers voice their support in such an update, by voting NO, Gravity Bridge stakers voice their dissent in this update. This proposal has no effect besides unfreezing of the IBC connection between the two chains. Details: The HAQQ TestEdge2 network has reduced its unbonding period, but the initial client was created before such changes and now expired, thus the IBC connection between Gravity Bridge and the HAQQ TestEdge2 is frozen due to IBC protocol specification. The affected IBC connection currently uses channel (94-0). Freezing of the related clients means no IBC transfer can be made using this channel. There is no way to bring the service back to life unless this governance proposal is voted YES by Gravity Bridge stakers.