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Proposal #88

Recover residual INIT from deprecated rollup OP bridges

RejectedGov Execute JSON

Rejected on 16 Jun 2026: only 0.0% of the decisive votes said yes.

Yes

0.0%

0.0% without abstain

Veto

0.0%

of votes cast

Ended

16 Jun 2026

The ballotvotes cast · final tally
Yes

0.00%

of votes cast

Abstain

0.00%

of votes cast

No

0.00%

of votes cast

Veto

0.00%

of votes cast

1. TL;DR

This proposal recovers the residual INIT left in the OP bridge accounts of six deprecated rollups (intergaze, ingnetwork, bfb, rena, zaar, moo) and transfers it to a team-controlled address init1k6spneg493ghpyah9pz4gn89cx09895elx8aqv. The affected users were already made whole via a direct airdrop when these rollups were shut down, so the INIT still locked in the defunct bridges is no longer owed to anyone and should be returned to a team-controlled address.

2. Proposal Details

Each of the rollups listed below has been deprecated and removed from the Initia chain registry. Because each was launched with an OP bridge, a portion of bridged INIT remains locked in the bridge account on Initia L1 even after the rollup itself stopped producing blocks.

When these rollups went down, the team distributed an airdrop directly to the affected users, reimbursing them for the INIT they held on the deprecated rollups. As a result, the balances still sitting in the OP bridge accounts represent funds that have already been accounted for off-bridge — leaving them locked would permanently strand team INIT with no corresponding user claim.

This proposal uses 0x1::coin::transfer, executed via MsgGovExecuteJSON with the bridge account as sender, to move the full remaining uinit balance out of each bridge account and into a team-controlled address.

Affected rollups and balances (snapshot as of 2026-06-09):

RollupBridge IDBridge AccountAmount (uinit)INIT
intergaze31init1saysyfuxhwwcdxjkv90cpsukn53y3pp0klkwxgsht7dljrdwspeqx25slk75,667,579,90575,667.579905
ingnetwork27init1c7xzr6le8m7tw7wm9a39z0mymeal2sjyd30asvw3gazcx4ha80kst27wg329,859,850,28129,859.850281
bfb28init1w0sptzpe2euqhrl0tmw292a3hst0ccayzgh7qf3hdy49ln6kwjdsdcdn574,756,045,5294,756.045529
rena30init1qcvr0r09evj58nh50eejz8j4z4vt663rzrdresd5kdaxr73aldhqld3c0f3,494,590,7773,494.590777
zaar15init1nwqvtfn402284dts9yya7zkfpk9tde9d0jqphcnnvgrs7q85hxlquttk491,573,967,7251,573.967725
moo13init1w875f7sdz9vfrndu39jelm95f9vv75fzv05gsxtzndsjxm6202nstffj9h7,500,0017.500001
Total115,359,534,218115,359.534218

3. Rationale

  • Each listed rollup is deprecated and has been removed from the chain registry; no further withdrawals through these OP bridges are expected.
  • Users who held INIT on these rollups were already compensated via a direct airdrop at the time of shutdown, so the locked bridge balances are not owed to end users.
  • Recovering the INIT returns otherwise-stranded funds to a team-controlled address rather than leaving them permanently frozen in defunct bridge accounts.

4. Technical Change

For each rollup, one MsgGovExecuteJSON message executes:

  • Module: 0x1::coin::transfer
  • sender: the rollup's bridge account (the OP bridge bridge_addr)
  • recipient: init1k6spneg493ghpyah9pz4gn89cx09895elx8aqv (0x000000000000000000000000b6a019e5152c517093b72845544ce5c19e539699)
  • metadata: 0x8e4733bdabcf7d4afc3d14f0dd46c9bf52fb0fce9e4b996c939e195b8bc891d9 (uinit)
  • amount: the full remaining uinit balance of that bridge account

Total recovered: 115,359,534,218 uinit (~115,359.534218 INIT) across 6 bridge accounts. The empty counter bridge (id 38, 0 uinit) is excluded.

5. Governance Votes

  • Yes: Recover the residual INIT from the six deprecated bridge accounts to a team-controlled address.
  • No: Do not recover the residual INIT.
  • No With Veto
  • Abstain

Timeline

  1. Submitted09 Jun 2026
  2. Voting started09 Jun 2026
  3. Voting ended16 Jun 2026
  4. Deposit deadline10 Jun 2026

Proposer

Address
init1dsn…7qwg37
Deposit10.0K

Rules

Not recorded for this proposal.