This Monday, it was introduced that Sei Labs has applied v6.4 on its mainnet, a vital step ahead within the SIP-3 migration. This replace introduces the technical functionality to disable incoming transfers through the IBC (Inter-Blockchain Communication) protocol, marking the start of the tip for native compatibility with the Cosmos ecosystem throughout the community.
With this integration, Sei seeks to consolidate itself as a community completely targeted on EVM (Ethereum Digital Machine). Though the asset restriction is not going to be speedy till a selected governance proposal is accredited, the affect will likely be profound: as soon as energetic, tokens reminiscent of Noble USDC and Kava USDT will not be capable of be bridged to Sei. This forces customers emigrate their DeFi positions and trade IBC property for EVM equivalents to keep away from liquidity loss.
To maneuver ahead on this path, customers should swap their property or return them to their supply chains earlier than the governance execution. Sei Labs is already planning future updates to limit IBC outflows and optimize its native oracle answer, culminating in its detachment from its Cosmos roots.
Supply:https://weblog.sei.io/bulletins/sei-v6-4-is-live-on-mainnet-what-it-means-for-ibc/
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