TIP 48: Liquidity Bootstrappening Part 3 - Threshold DAO x Wormhole

Wormhole is excited to submit a proposal to the Threshold DAO to help bridge tBTC beyond Ethereum and significantly deepen tBTC liquidity across all chains.

For Wormhole, tBTC offers a compelling potential cross-chain canonical BTC for the network across both EVM and non-EVM chains.

The goal of this proposal is to facilitate tBTC growth into one of the top BTCs used in on-chain DeFi by engaging one or more experienced liquidity providers and providing an incentive to mint large volumes of tBTC in exchange for the option to purchase T from the Threshold DAO treasury, with a tertiary benefit o…