Holders of Kava USDT on Sei Need to Act Before IBC Is Disabled

As of today, there is approximately $145k in USDT bridged from Kava on Sei Network. If you hold any Kava USDT, you should swap or bridge it out before the governance proposal to disable inbound IBC transfers passes.

This is part of the broader SIP-3 transition for upgrading the Sei Protocol into an EVM-only chain. To clarify: v6.4 has only shipped the protocol-level ability to disable inbound IBC transfers, but holders should bridge or swap now.

Once the follow-on governance proposal activates this change, Cosmos-native assets like Kava USDT will no longer be bridgeable into Sei, and holders may lose access to their assets.

If you're a holder of Kava USDT on Sei, here are your options:

Swap

You may be able to swap your Kava USDT for an EVM-native stablecoin using Sapyhre or Symphony. Slippage may vary depending on market conditions and liquidity. The mention of these platforms do not constitute an endorsement, and users should do their own research before using any third-party service.

Bridge out

You can bridge your Kava USDT back to the Kava chain using a frontend like Skip:Go. From there, you can use the asset natively or bridge to another chain. The mention of this platform does not constitute an endorsement, and users should do their own research before using any third-party service.

For suppliers of Kava USDT on DeFi protocols

If you have Kava USDT supplied on any DeFi protocol on Sei, you should first wind down those positions and withdraw them before swapping or bridging out. Failure to do so before the governance change may result in the inability to access your supplied assets.

Questions?

If you have questions about how to migrate your Kava USDT, check the SIP-3 migration guide or join the Discord.