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Especially after #1904 is merged, IBC transactions will not pay many (if any) gas fees. Updating Namada's state machine with an IBC transaction is somewhat expensive, as validation and storage modifications do the exact same amount of work (i.e. validation is not cheaper, the same code is executed for wasm as is for the native VP).
We should assign a constant gas price to invoking the IBC tx actions host function, and some other cost to executing the IBC native VP. These values should be determined based on the computational effort of running the associated IBC code, with benchmarks.
grarco and yito88