initia

Prop 68: Migrate Echelon OPbridge to IBC

1. TL;DR

This proposal aims to migrate Echelon from the OP bridge to IBC, enabling instant bridging without a finalization period.

2. Proposal Details

This proposal will enable the OP Bridge to use IBC internally for instant bridging and allow IBC to mint existing OP bridged tokens rather than IBC vouchers.

About the Rollup

  • Protocol Name: Echelon
  • Protocol Type: Money Market
Rollup name Bridge ID L1Denom IBC Channel ID IBC Port ID
Echelon 16 uinit channel-35 transfer

Rationale

Echelon was initially launched with an OP bridge that requires a finalization period for withdrawals from the Echelon rollup to Initia L1. To provide users with an instant bridging experience—essential for maintaining efficient liquidity in a money market—we propose migrating Echelon to use the IBC (Inter-Blockchain Communication) protocol instead.

Benefits of this migration:

  • Instant bridging without finalization delays.
  • Improved user experience for the lending and yield ecosystem.
  • Seamless integration with existing OP bridged tokens.

The migration will configure the OP bridge to utilize IBC internally, enabling instant bridging while maintaining compatibility with previously minted OP bridged tokens. Instead of creating new IBC vouchers, the system will mint the existing OP bridged token format.

If this proposal is approved, users will be able to bridge INIT tokens between Echelon and Initia L1 instantly through IBC, eliminating the current withdrawal period.

Implementation Details

The technical implementation will connect Bridge ID 16 (Echelon) with IBC channel-35 using the transfer port, allowing seamless migration from the OP bridge infrastructure to IBC while preserving token compatibility.

3. Timelines

  1. January 22nd - Forum Proposal
  2. January 23rd - Onchain Vote begins
  3. January 30th - Onchain Vote ends and proposal is executed or rejected

4. Governance Votes

  • YES - You support migrating Echelon OPbridge to IBC
  • NO - You do not support migrating Echelon OPbridge to IBC
  • NO WITH VETO - You believe this proposal is harmful, spam, or violates governance principles
  • ABSTAIN - You choose not to vote for or against but wish your vote to count toward quorum.