News/Terra's Proposal to Re-enable IBC Passed But Failed to Execute

Terra's Proposal to Re-enable IBC Passed But Failed to Execute

May 23,2022,12:52
Terra tweeted that Prop 1,299 to re-enable IBC has passed but did not successfully execute due to technical issues. The proposal attempted to enable IBC transfers which were already enabled. Previously, during $UST's depeg, IBC channels were closed (but not disabled), resulting in that users couldn't transfer assets across chains. Terra said that the team is working on getting the IBC channels open for users as soon as possible.
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