For the first time since its proposal to abandon the Cosmos ecosystem was approved, the Sei Network has committed to a timeline to finalize its transition into For the first time since its proposal to abandon the Cosmos ecosystem was approved, the Sei Network has committed to a timeline to finalize its transition into

Sei sets mid-2026 deadline to become EVM-only

For the first time since its proposal to abandon the Cosmos ecosystem was approved, the Sei Network has committed to a timeline to finalize its transition into an EVM-only chain by mid-2026.

The network is racing to implement what it calls the “Sei Giga” upgrade, and has called upon users who will be affected by this transition to start taking actions to avoid potential losses.

Why is Sei Network making a transition?

The transition is driven by a proposal known as SIP-3 that was approved by the Sei community last May, which will deprecate the network’s CosmWasm smart contracts and native Cosmos transactions.

Sei Network aims to streamline its blockchain by removing hundreds of thousands of lines of code, clearing the path for performance improvements that Sei Labs claims will enable the network to process more than 200,000 transactions per second.

Jay Jog, co-founder of Sei Labs, the company behind the Sei Network, explained the rationale behind the move on X, writing, “To make something faster, you either have to add power or reduce weight,” he wrote. “To make something a lot faster, you do both.”

Jog stated, “In simple terms, that’s what the SIP-3 upgrades will accomplish. They will dissolve Sei’s dual EVM + Cosmos architecture and make Sei an EVM-only chain. The code changes for implementing SIP-3, which the Sei ecosystem approved last May, are enormous. We are removing literally hundreds of thousands of lines of code.”

When will the Sei Network completely cut off Cosmos support?

The technical overhaul has immediate and serious implications for users holding Cosmos-native assets on Sei Network, especially those with USDC via Noble, known as USDC.n, as reported by Cryptopolitan.

There’s about $1.4 million worth of USDC.n currently circulating on Sei Network.

Sei Labs has asked the holders to convert these assets to native USDC before late March 2026 or risk losing access to their assets.

The transition is designed to unfold in three stages. Version 6.3 is expected to launch in January, and it will enable staking functionality through the EVM.

Version 6.4 is scheduled for February, and it will disable inbound IBC transfers to the platform. According to Sei Labs, “users will no longer be able to bridge Cosmos-specific tokens such as Atom and USDC.n into Sei Network” when inbound transfer is disabled, as IBC is Cosmos’ native interoperability protocol.

A March release, version 6.5, will remove Sei’s native oracle from codebase.  This will be replaced by established providers, including Chainlink, API3, and Pyth.

Users holding USDC.n can swap smaller amounts through decentralized exchanges such as DragonSwap or Symphony, though Sei Labs warns that slippage may vary depending on market conditions.

For larger conversions, a migration tool routes USDC.n from Noble through Polygon and back to Sei using Circle’s Cross-Chain Transfer Protocol version 2. Those with USDC.n deposited in decentralized finance protocols have been advised to unwind their positions promptly.

Sei Labs launched its mainnet in 2023 and currently has a market capitalization of around $800 million.

In October 2025, Robinhood listed the SEI token, which helped to boost the reach of the asset to retail buyers. Earlier in 2025, Canary Capital filed for the first spot Sei exchange-traded fund with US regulators, though it has not been approved by the Securities and Exchange Commission (SEC), which insists on due diligence when it comes to cryptocurrency investment products.

If you're reading this, you’re already ahead. Stay there with our newsletter.

Market Opportunity
SEI Logo
SEI Price(SEI)
$0.09542
$0.09542$0.09542
-5.14%
USD
SEI (SEI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Republic Europe Offers Indirect Kraken Stake via SPV

Republic Europe Offers Indirect Kraken Stake via SPV

Republic Europe launches SPV for European retail access to Kraken equity pre-IPO.
Share
bitcoininfonews2026/01/30 13:32
cpwrt Limited Positions Customer Support as a Strategic Growth Function

cpwrt Limited Positions Customer Support as a Strategic Growth Function

For many growing businesses, customer support is often viewed as a cost center rather than a strategic function. cpwrt limited challenges this perception by providing
Share
Techbullion2026/01/30 13:07
Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders

Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders

BitcoinWorld Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders The dynamic world of decentralized finance (DeFi) is constantly evolving, bringing forth new opportunities and innovations. A significant development is currently unfolding at Curve Finance, a leading decentralized exchange (DEX). Its founder, Michael Egorov, has put forth an exciting proposal designed to offer a more direct path for token holders to earn revenue. This initiative, centered around a new Curve Finance revenue sharing model, aims to bolster the value for those actively participating in the protocol’s governance. What is the “Yield Basis” Proposal and How Does it Work? At the core of this forward-thinking initiative is a new protocol dubbed Yield Basis. Michael Egorov introduced this concept on the CurveDAO governance forum, outlining a mechanism to distribute sustainable profits directly to CRV holders. Specifically, it targets those who stake their CRV tokens to gain veCRV, which are essential for governance participation within the Curve ecosystem. Let’s break down the initial steps of this innovative proposal: crvUSD Issuance: Before the Yield Basis protocol goes live, $60 million in crvUSD will be issued. Strategic Fund Allocation: The funds generated from the sale of these crvUSD tokens will be strategically deployed into three distinct Bitcoin-based liquidity pools: WBTC, cbBTC, and tBTC. Pool Capping: To ensure balanced risk and diversified exposure, each of these pools will be capped at $10 million. This carefully designed structure aims to establish a robust and consistent income stream, forming the bedrock of a sustainable Curve Finance revenue sharing mechanism. Why is This Curve Finance Revenue Sharing Significant for CRV Holders? This proposal marks a pivotal moment for CRV holders, particularly those dedicated to the long-term health and governance of Curve Finance. Historically, generating revenue for token holders in the DeFi space can often be complex. The Yield Basis proposal simplifies this by offering a more direct and transparent pathway to earnings. By staking CRV for veCRV, holders are not merely engaging in governance; they are now directly positioned to benefit from the protocol’s overall success. The significance of this development is multifaceted: Direct Profit Distribution: veCRV holders are set to receive a substantial share of the profits generated by the Yield Basis protocol. Incentivized Governance: This direct financial incentive encourages more users to stake their CRV, which in turn strengthens the protocol’s decentralized governance structure. Enhanced Value Proposition: The promise of sustainable revenue sharing could significantly boost the inherent value of holding and staking CRV tokens. Ultimately, this move underscores Curve Finance’s dedication to rewarding its committed community and ensuring the long-term vitality of its ecosystem through effective Curve Finance revenue sharing. Understanding the Mechanics: Profit Distribution and Ecosystem Support The distribution model for Yield Basis has been thoughtfully crafted to strike a balance between rewarding veCRV holders and supporting the wider Curve ecosystem. Under the terms of the proposal, a substantial portion of the value generated by Yield Basis will flow back to those who contribute to the protocol’s governance. Returns for veCRV Holders: A significant share, specifically between 35% and 65% of the value generated by Yield Basis, will be distributed to veCRV holders. This flexible range allows for dynamic adjustments based on market conditions and the protocol’s performance. Ecosystem Reserve: Crucially, 25% of the Yield Basis tokens will be reserved exclusively for the Curve ecosystem. This allocation can be utilized for various strategic purposes, such as funding ongoing development, issuing grants, or further incentivizing liquidity providers. This ensures the continuous growth and innovation of the platform. The proposal is currently undergoing a democratic vote on the CurveDAO governance forum, giving the community a direct voice in shaping the future of Curve Finance revenue sharing. The voting period is scheduled to conclude on September 24th. What’s Next for Curve Finance and CRV Holders? The proposed Yield Basis protocol represents a pioneering approach to sustainable revenue generation and community incentivization within the DeFi landscape. If approved by the community, this Curve Finance revenue sharing model has the potential to establish a new benchmark for how decentralized exchanges reward their most dedicated participants. It aims to foster a more robust and engaged community by directly linking governance participation with tangible financial benefits. This strategic move by Michael Egorov and the Curve Finance team highlights a strong commitment to innovation and strengthening the decentralized nature of the protocol. For CRV holders, a thorough understanding of this proposal is crucial for making informed decisions regarding their staking strategies and overall engagement with one of DeFi’s foundational platforms. FAQs about Curve Finance Revenue Sharing Q1: What is the main goal of the Yield Basis proposal? A1: The primary goal is to establish a more direct and sustainable way for CRV token holders who stake their tokens (receiving veCRV) to earn revenue from the Curve Finance protocol. Q2: How will funds be generated for the Yield Basis protocol? A2: Initially, $60 million in crvUSD will be issued and sold. The funds from this sale will then be allocated to three Bitcoin-based pools (WBTC, cbBTC, and tBTC), with each pool capped at $10 million, to generate profits. Q3: Who benefits from the Yield Basis revenue sharing? A3: The proposal states that between 35% and 65% of the value generated by Yield Basis will be returned to veCRV holders, who are CRV stakers participating in governance. Q4: What is the purpose of the 25% reserve for the Curve ecosystem? A4: This 25% reserve of Yield Basis tokens is intended to support the broader Curve ecosystem, potentially funding development, grants, or other initiatives that contribute to the platform’s growth and sustainability. Q5: When is the vote on the Yield Basis proposal? A5: A vote on the proposal is currently underway on the CurveDAO governance forum and is scheduled to run until September 24th. If you found this article insightful and valuable, please consider sharing it with your friends, colleagues, and followers on social media! Your support helps us continue to deliver important DeFi insights and analysis to a wider audience. To learn more about the latest DeFi market trends, explore our article on key developments shaping decentralized finance institutional adoption. This post Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 00:35