TIP-103: Restructuring of Threshold DAO committees and roles
AI summary
This proposal, TIP-103, aims to restructure the Threshold DAO's committees and roles following a previous decision (TIP-100) to shift tBTC development to Threshold Labs. It proposes creating a new "Threshold Committee" with 6 paid and 3 volunteer members, combining treasury and council responsibilities. Additionally, it retains 5 part-time contributor roles for operations, tech support, communications, project management, and incentives. The goal is to streamline operations and significantly reduce annual costs.
If passed, the DAO's annual operational cost will decrease by approximately $1.1 million, totaling $602,000 for the new committee and part-time roles. This reduction is intended to minimize the selling of T tokens and allow the DAO to become a net purchaser of T. The proposal benefits token holders through reduced expenses and potentially increased token value, while current committee members and contractors whose roles are eliminated or reduced will be negatively impacted.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
2 votes > 5% VPFull proposal
[please see Forum post for the screenshots of the financials]
DAO Elected Representative Sponsors: @JohnPackel @Eastban @Luna5 @Vict0r @MrsNuBooty
Key provisions TIP-100 called for sunsetting existing committees and restructuring DAO roles to reflect Threshold Labs taking over tBTC development & growth per TIP-098 This TIP is the recommendation of the DAO restructuring workgroup based on evaluation of responsibilities remaining with the DAO The treasury, security and oversight committee called for in TIP-100, combining the responsibilities of the Treasury Committee and Council, will be the…