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1. TL;DR

This proposal updates the existing IBC rate limit on channel-3 (Initia ↔ Noble) for USDC from 20% to 50% per hour for both inflows and outflows.

2. Proposal Details

The previous 20% rate limit has been in effect and the network has demonstrated healthy activity. Raising the threshold to 50% reduces unnecessary friction for large but legitimate transfers, while still providing a meaningful circuit breaker against exploits or abnormal fund movements.

Rate Limit Parameters

Technical Implementation

This proposal executes a MsgUpdateRateLimit via the ratelimit.v1 module (ref: [Hidden link]).

{
  "messages": [
    {
      "@type": "/ratelimit.v1.MsgUpdateRateLimit",
      "authority": "init10d07y265gmmuvt4z0w9aw880jnsr700j55nka3",
      "denom": "ibc/6490A7EAB61059BFC1CDDEB05917DD70BDF3A611654162A1A47DB930D40D8AF4",
      "channel_id": "channel-3",
      "max_percent_send": "50",
      "max_percent_recv": "50",
      "duration_hours": 1
    }
  ]
}

3. Governance Votes

• YES — You support updating the IBC rate limit on channel-3 from 20% to 50%/hour.
• NO — You do not support updating the rate limit on channel-3.
• 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.