TIP-062 | TACo (Threshold Access Control) added as Threshold application + Lock-up Bonus + PRE folded into TACo
AI summary
This proposal, TIP-062, aims to officially integrate TACo (Threshold Access Control) as a core application within the Threshold Network. It will absorb the existing PRE (Proxy Re-Encryption) services, discontinuing PRE as a separate application. Additionally, the proposal introduces a one-time bonus for stakers who agree to lock up their Threshold tokens for more than six months, incentivizing longer-term commitment to the network.
If passed, Threshold will gain a new, integrated application, potentially streamlining its services. Stakers who lock their tokens for extended periods will receive a bonus, which will be funded by 50 million Threshold tokens. This could benefit long-term stakers but might reduce the immediate liquidity of the Threshold token supply.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
For the detailed proposal, see the TIP-062 forum proposal. https://forum.threshold.network/t/tip-062-taco-threshold-access-control-added-as-threshold-application-lock-up-bonus-pre-folded-into-taco/
If this proposal is accepted, TACo will officially become a Threshold application, with PRE services folded into TACo and discontinued as a standalone app. Additionally, one-off yield bonuses will be offered to stakers who authorize their tokens to be locked up for durations greater than 6 months.
Approval of this proposal will see the Threshold Council deploy the contracts required to add TACo. …