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Threshold Network · closed proposal
TIP-075: tBTC Bridge Fee Holiday - part 2
Voters
15
T voted
976.41M
Token price
—
AI summary
This proposal, TIP-075, suggests a 'fee holiday' for the tBTC bridge on the Threshold Network. This means that users will not have to pay the standard 0.5% fee when minting or redeeming tBTC for a period of 90 days. The goal is to encourage more users to interact with tBTC and increase its adoption within the decentralized finance (DeFi) ecosystem.
Impact
If this proposal passes, users will save money when using the tBTC bridge, potentially increasing tBTC usage and liquidity. The Threshold DAO will forgo an estimated $12,000 in revenue from these fees over the 90-day period, which could be seen as a cost to the DAO but a benefit to users.
Voting results
For895.22M (91.7%)
Against0 (0.0%)
Abstain81.18M (8.3%)
976.41M T · 15 votersblock 19211563
🐳 Whale votes
0 votes > 5% VPNo whale votes on this proposal.
Full proposal
Original markdown · Threshold Network
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