STEEM EVM Update: Milestone Achieved – Permissionless IBC Bridge Live!
I am thrilled to announce a major breakthrough for the Steem Virtual Machine (SVM). Today, I successfully executed a fully permissionless Inter-Blockchain Communication (IBC) transfer of 5 USDC from the Noble Testnet directly to the SVM using Hermes.
This achievement marks a pivotal moment in our roadmap, proving that SVM is not just an isolated Layer-2, but a fully interconnected hub capable of seamless asset movement across the Cosmos ecosystem and beyond.
Previous Updates
The Milestone: 5 USDC via IBC
Using the Hermes relayer, I bridged 5 USDC from Noble to SVM without any centralized custodians or multi-sig wallets. The process was 100% permissionless and trustless.
Verification of Receipt:
The funds have successfully arrived in the SVM environment, converted into their IBC-denominated representation.
/root/go/bin/steemvmd query bank balances steem1eulhdpvfw3v4rmqtd6tpa7uy9lpsrkld0fqcuy --home /root/.steemvm
balances:
- amount: "499600967000000000000"
denom: asteem
- amount: "5100000"
denom: ibc/8E27BA2D5493AF5636760E354E46004562C46AB7EC0CC4C1CA14E9E20E2545B5
pagination:
total: "2"
Denom Trace Verification:
We can verify that this IBC denom corresponds to the original uusdc from the Noble network via channel-0.
/root/go/bin/steemvmd query ibc-transfer denom 8E27BA2D5493AF5636760E354E46004562C46AB7EC0CC4C1CA14E9E20E2545B5 --home /root/.steemvm
denom:
base: uusdc
trace:
- channel_id: channel-0
port_id: transfer
Transaction Hash:
You can view the raw transaction data on our RPC endpoint:
View Transaction 0x5C3406548645619EC210290B146586FADE1539E6248A7715301B0EC42B5A9102
What This Means for SVM
This successful test proves that any asset supported by IBC channels can now bridge in and out of SVM fully permissionlessly.
- No Centralized Bridges: We are not relying on third-party custodians who hold your keys.
- Cosmos Ecosystem Integration: SVM is now part of the broader IBC universe, allowing for direct transfers from chains like Osmosis, Cosmos Hub, and Noble.
- Capital Efficiency: Users can bring stablecoins and other major assets directly into the Sherpa Protocol ecosystem to use in lending, swapping, and farming.
Next Steps: UI Integration
While the backend infrastructure is live and functional, I am currently working on wiring this capability into the SVM App (https://svmapp.blazeapps.org).
Soon, users will be able to:
- Connect their Keplr or MetaMask wallet.
- Select an IBC-supported asset (like USDC or ATOM).
- Bridge it directly to SVM with a single click.
- Use those assets immediately in SherpaSwap or sUSD Vaults.
Network Health & Governance
The network continues to perform well with over 96,000 blocks produced. As mentioned in previous updates, I am preparing a governance proposal to reduce block times from ~6.7 seconds to 3 seconds to improve transaction finality and user experience.
How to Connect
To participate in the testnet:
- Network Name: Steem Virtual Machine (SVM)
- RPC URL: https://evm.blazeapps.org
- Chain ID: 8163
- Currency Symbol: STEEM
If you value proactive engineering, UX polish, and performance optimizations for the STEEM ecosystem, please consider supporting my witness: blaze.apps