Prop 77: Migrate Rave OPbridge to IBC

1. TL;DR

This proposal aims to migrate Rave 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: Rave
• Protocol Type: Defi

Rationale

Rave was initially launched with an OP bridge that requires a 1-day finalization period for withdrawals from the Rave rollup to Initia L1. To provide users with an instant bridging experience, we propose migrating Rave to use IBC (Inter-Blockchain Communication) protocol instead.

Benefits of this migration:

• Instant bridging without finalization delays
• Improved user experience for the gaming 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 & sINIT tokens between Rave and Initia L1 instantly through IBC, eliminating the current 1-day withdrawal period.

Implementation Details

The technical implementation will connect Bridge ID 17 (Rave) with IBC channel-38 using the transfer port, allowing seamless migration from the OP bridge infrastructure to IBC while preserving token compatibility.

3. Timelines

1. April 9th - Onchain Vote begins
2. April 16th - Onchain Vote ends and proposal is executed or rejected

4. Governance Votes

• YES - You support migrating Rave OPbridge to IBC
• NO - You do not support migrating Rave 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.