This proposal burns all four ETH assets bridged through it — HP_ETH (mainnet), BASE_ETH, ARB_ETH, and OP_ETH — and issues Native ETH 1:1 to their holders, consolidating ETH liquidity that is currently fragmented across four separate assets.

The migration covers 45 accounts and 62.858808 ETH in total. The Treasury holds 58.632265 (93.28%), 42 user accounts hold 4.226323 between them, and the remainder is stray dust in the Stable Pool and LendMarket module accounts. The full issuance of all four assets is covered — balances reach zero on execution with no account left behind.

Execution proceeds in three steps: first, the four Hyperbridge ETH balances are zeroed across all 45 accounts; second, 62.858808 Native ETH is issued to the null address as a transit pool; third, it is transferred out to each account, in an amount exactly equal to the sum of that account's burned holdings. Compensation lands at the original address, never passes through the Treasury, and carries no haircut.

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