TIP 54: tBTC & T, better together (Part 2)
AI summary
This proposal, TIP 54 Part 2, suggests that the Threshold DAO use the tBTC it collects from network fees to buy back its native token, T. The acquired T tokens would then be paired with tBTC and deposited into a liquidity pool, a strategy known as 'buyback and make'. This aims to increase the liquidity of the T/tBTC trading pair and generate additional revenue for the DAO through liquidity provider fees.
If passed, the DAO's treasury will periodically use its tBTC earnings to purchase T tokens, which could increase the demand for T and improve its price stability. This also creates a new revenue stream for the DAO from liquidity pool fees, benefiting the overall treasury. No one directly loses, but the treasury's tBTC will be converted into T and locked in liquidity pools.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
TIP 54 is broken down into two governance cycles. The governance cycle for TIP 54 Part 1 was successful. This is a temp check snapshot for part 2. If passed, this proposal will move into the Token Holder DAO Governor Bravo instance.
This proposal will result in a Threshold Treasury Guild spend approval on the DAO's tBTC accrued from network fees for the following purpose.
Buyback and Make:
I propose that accrued tBTC fees be periodically single-side deposited into a T/tBTC pool, effectively buying back T with deposit amounts and timing determined at the discretion of the treasury guild.
A…