TIP-93 part 1: tBTC mint fee options
AI summary
This proposal, TIP-93 part 1, asks the Threshold Network community to decide on the minting fee for tBTC, a token that represents Bitcoin on the Threshold blockchain. It's the first of four votes to determine various fee structures and operational changes for tBTC. Voters can choose between keeping the fee at 0%, setting it to 0.05%, or setting it to 0.1%.
If this proposal passes, the cost for users to mint tBTC will either remain free or incur a small percentage fee, directly affecting users who convert Bitcoin to tBTC. The chosen fee will contribute to the Threshold Network's treasury, potentially increasing its revenue, but could also impact tBTC adoption depending on the fee level.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
6 votes > 5% VPFull proposal
Following extensive deliberation by Threshold Treasury committee and then the community (see Forum discussion in link below), this is the first of 4 snapshots that cover the facets to be decided (mint fee, redeem fee, Treasury committee authorization, 30-day delay for fee changes), while avoiding inevitable "split votes" by trying to combine them.
First two votes are weighted votes, which allow voters to express support for more than one option and specify how much they support each of them (explanation here: https://docs.snapshot.box/user-guides/proposals/voting-types#weighted-voting).