TIP-93 part 3: give Treasury committee discretion to adjust tBTC fees
AI summary
This proposal, TIP-93 part 3, asks Threshold Network tokenholders to grant the elected Treasury committee the authority to adjust tBTC mint and redeem fees. The goal is to allow for quicker responses to market changes without requiring a full tokenholder vote for every fee adjustment. This is the third of four related votes on tBTC fee changes.
If passed, the Treasury committee will gain the power to change tBTC fees for a specified period, potentially leading to more agile fee management. This could benefit the protocol by allowing it to adapt faster to market conditions, but it shifts some decision-making power from tokenholders to the committee.
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 3rd 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.
Per Forum discussion, some tokenholders favor authorizing the elected Treasury committee discretion to adjust tBTC mint and/or redeem fees. The stated rationale in TIP-75 tBTC Bridge fee holiday part 2 was: "Moreover, in an effort to ensure a fast…