[Constitutional] AIP: Disable Legacy Tether Bridge
AI summary
This proposal aims to disable the old USDT bridge on Arbitrum One. A new, more efficient USDT0 bridge was launched in January 2025, and most users have already switched to it. The legacy bridge has issues like a seven-day withdrawal delay and potential fund loss for smart contracts. By disabling it, all users will be directed to the improved USDT0 bridge, preventing these problems.
If passed, the legacy USDT bridge will be deactivated, forcing all users to utilize the newer, faster USDT0 bridge. This benefits users by eliminating long withdrawal delays and reducing the risk of funds being lost when smart contracts interact with the bridge. No one loses, as the new bridge is superior.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Note: this proposal will be subject to an individual Snapshot vote; if it reaches a quorum of 3% of votable $ARB, it may be combined with several other maintenance-related proposals for a joint Tally vote.
Abstract
This proposal seeks to disable the legacy USDT bridge for Arbitrum One, given the activation of the new USDT0 bridge in January 2025. While the majority of crosschain volume has migrated to the new USDT0 bridge, the legacy USDT bridge is still technically enabled. This proposal seeks to disable the …