TIP-28/29: Threshold DAO funding for the Relay Maintainer
AI summary
This proposal asks the Threshold DAO to fund the operational costs of the 'relay maintainer' for five months, starting in June. The relay maintainer is a critical component that ensures the smooth operation of the Threshold Network. There are two options presented: TIP-28 suggests the Keep team continues to manage the relay and the DAO reimburses them in T tokens for their ETH expenses. TIP-29 proposes the DAO directly takes over managing and funding the relay maintainer with ETH, with a specific individual, Ben (ZeroInFo56), nominated to oversee this.
If passed, the DAO will cover the relay maintainer's costs for five months, ensuring network stability. TIP-28 would preserve the DAO's ETH reserves by paying in T tokens, benefiting the DAO's treasury diversification efforts. TIP-29 would give the DAO more direct control over this essential function but would deplete its ETH reserves. The exact dollar amount of the costs is not specified, so the financial impact cannot be fully determined.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
5 votes > 5% VPFull proposal
Overview:
Two seperate proposals have been put forward with regard to the maintenance of the Relayer costs.
Both Proposals State: "This is a proposal to request that the Threshold DAO funds the full costs of the relay maintainer in T for a timeboxed period of 5 months starting with June."
The two proposals differ in who is responsible for maintaining the costs and how the DAO pays for it (T or ETH).
TIP-28 States: "The Keep team will continue to monitor and top up the relay maintainer with ETH. The Threshold DAO will fund the full …