Interchain Labs contributed the following description of IBC Eureka:

The Inter-Blockchain Communication (IBC) protocol is a blockchain interoperability solution that enables secure, permissionless, and feature-rich cross-chain interactions for seamless data and value transfer without a third-party intermediary. IBC v2 is the evolution of IBC, significantly simplifying the protocol while maintaining expressiveness. V2 makes it easier to connect with diverse blockchain ecosystems, starting with Ethereum and Solana to follow.

Zellic conducted a security assessment for Interchain Labs from March 3rd to March 19th, 2025. During this engagement, Zellic reviewed IBC Eureka's code for security vulnerabilities, design issues, and general weaknesses in security posture.