TIP-93 part 2: tBTC redeem fee options
AI summary
This proposal, TIP-93 part 2, asks Threshold Network token holders to decide on the redemption fee for tBTC, a wrapped Bitcoin token. Voters can choose to keep the fee at 0.2%, reduce it to 0.15%, or increase it to 0.25%. This is the second of four related votes to determine various fee structures and operational authorizations.
If passed, this proposal will directly alter the cost for users to redeem their tBTC for native Bitcoin, potentially affecting tBTC's competitiveness and the revenue generated for the Threshold Network treasury. Users redeeming tBTC will either pay more, less, or the same fee depending on the chosen option.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
6 votes > 5% VPFull proposal
Following extensive deliberation by Threshold Treasury committee and then the community (see Forum discussion in link below), this is the second of 4 snapshots that cover the facets to be decided (mint fee, redeem fee, Treasury committee authorization, 30-day delay for fee changes), while avoiding inevitable "split votes" by trying to combine them.
First two votes are weighted votes, which allow voters to express support for more than one option and specify how much they support each of them (explanation here: https://docs.snapshot.box/user-guides/proposals/voting-types#weighted-vot…