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Threshold Network · closed proposal

TIP-084 - Changing the tBTC reward calculation to daily eligibility

0x1Ba8…4e58·ended 1y ago·MEDIUM RISK
Voters
10
T voted
1.04B
Token price

AI summary

This proposal, TIP-084, aims to change how rewards are calculated for tBTC, a wrapped Bitcoin token on the Threshold Network. Currently, rewards are distributed based on a weekly snapshot of tBTC holders. This proposal suggests moving to a daily eligibility system, meaning users would need to hold tBTC for at least 24 hours to qualify for rewards. The goal is to make the reward distribution more fair and prevent users from manipulating the system by briefly holding tBTC just before the weekly snapshot.

Impact

If this proposal passes, tBTC holders who maintain their holdings for at least 24 hours will be eligible for daily rewards, potentially leading to a more consistent and equitable distribution. Users who try to game the system by only holding tBTC for short periods around the weekly snapshot will no longer benefit, which could reduce speculative behavior.

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Voting results

Approve23.95M (2.3%)
Decline1.01B (97.7%)
Abstain0 (0.0%)
1.04B T · 10 votersblock 20670570

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

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