Proposal #91
Passed on 17 Aug 2026 with 0.0% of the votes for yes.
Yes
0.0%
0.0% without abstain
Veto
0.0%
of votes cast
Ended
17 Aug 2026
0.00%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
This is a resubmission of Proposal 90, which passed with 43.3% turnout but failed at execution due to an address-encoding error in one argument. No funds moved. The corrected proposal below is otherwise identical and has been verified executable.
Rave (rave-1, bridge 17) has been shut down following its wind-down notice. All user funds bridged to Rave have already been reimbursed 1:1 on Initia L1, 187,609.164518 INIT distributed to all 350 holders on 2026-08-03. This proposal completes the wind-down by (1) disabling OP bridge 17 so no further deposits can enter the retired rollup, and (2) recovering the 211,275.815167 INIT remaining in the IBC escrow to a team-controlled address.
Rave was delisted from VIP via Proposal 89 and its Minitswap pool was deregistered via Proposal 86. The rollup halted at block 32380209 on 2026-08-03, inside the window committed in the user notice. Rave has been removed from the Initia chain registry.
A snapshot of all INIT holders on Rave was taken and verified three ways: it sums exactly to the on-chain token supplies, it matches an independently produced snapshot, and it is identical to the final chain state at halt.
Every Rave INIT holder was paid 1:1 on Initia L1 from a team wallet on 2026-08-03, before this proposal:
| Tx | Height | Sends | INIT |
|---|---|---|---|
2B1B848D…61FA | 20232214 | 100 | 187,497.187960 |
EB93988372…C357 | 20232248 | 100 | 103.362503 |
1251F89B2D…D32D | 20232269 | 100 | 8.363916 |
6C9FFEF8A4…6016 | 20232282 | 50 | 0.250139 |
| Total | 350 | 187,609.164518 |
The remaining escrow balance therefore has no outstanding user claim. It consists of: the reimbursement owed to the team for the fronted distribution, Minitswap backing, and protocol fees.
Message 1 - MsgDisableBridge: disables OP bridge 17, preventing further deposits into the retired rollup.
Message 2 - MsgGovExecuteJSON executing 0x1::coin::transfer:
sender: init1a3lx753q8dzsu2hdxv6hzxrn0srdpaysyzlzl2 (channel-38 IBC transfer escrow)recipient: init1kgxgq8fcnjlnuyn9vxhp0n7lnmawmsq7yynjzz (0x000000000000000000000000b20c801d389cbf3e126561ae17cfdf9efaedc01e, team-controlled address)metadata: 0x8e4733bdabcf7d4afc3d14f0dd46c9bf52fb0fce9e4b996c939e195b8bc891d9 (uinit)amount: 211275815167 (the full escrow balance)