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Threshold Network · closed proposal

Revoke minting permissions on the first two deprecated thUSD contracts

0xf791…E854·ended 2y ago·Discussion ↗·LOW RISK
Voters
9
T voted
871.02M
Token price

AI summary

This proposal asks the Threshold Network DAO to remove the ability to create new thUSD tokens from two old, unused thUSD smart contracts. This is a security measure to prevent any accidental or malicious minting of thUSD from these deprecated contracts, following a previous decision (TIP-078) to stop using them.

Impact

If this proposal passes, the security of the Threshold Network's thUSD stablecoin will be slightly improved by closing a potential vulnerability. No one directly benefits or loses financially, but the overall system becomes more secure.

Read full proposal on Snapshot

Voting results

For871.02M (100.0%)
Against0 (0.0%)
Abstain0 (0.0%)
871.02M T · 9 votersblock 19833989

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0 votes > 5% VP
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Full proposal

Original markdown · Threshold Network

Per TIP-078, revoke minting permissions on the first two deprecated thUSD contracts as a security measure:

As an additional security measure, the DAO should revoke Mint authorization for the collaterals on the deprecated first two thUSD token contracts. Authorized contracts to mint thUSD are the old borrowerOperations contracts for both collaterals (tBTC and ETH) of each deployment set.

Please see forum link for further details.

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