TIP-060 Solana Growth Partnership
AI summary
This proposal is a preliminary check to gauge interest in a partnership between Threshold DAO, Mango, and Dual DAO to increase the adoption and usage of tBTC on the Solana blockchain. The goal is to establish tBTC as the primary Bitcoin-backed token on Solana by integrating it into various decentralized finance (DeFi) protocols. The partnership aims to address the initial lack of liquidity for tBTC on Solana by leveraging CKS Systems' liquidity and creating a mutually beneficial ecosystem for all involved DAOs.
If this proposal passes, Threshold DAO will proceed with formalizing a partnership that could significantly boost tBTC's presence and utility on Solana, potentially increasing demand for tBTC and benefiting Threshold token holders. The proposal mentions treasury swaps in the form of on-chain call options, which could affect the treasuries of Threshold, Mango, and Dual DAOs, though specific amounts are not detailed at this stage. The exact financial impact on the Threshold treasury cannot be determined from this preliminary proposal.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
This is a temp check. If passed the proposal will proceed to the Threshold DAO GB.
Vote Type: Token holder DAO Governor Bravo Proposal
DAO Elected Representative Sponsors: Sap, Will
Overview: tBTC has successfully launched on Solana, but with limited usage and in competition with existing efforts to bring native wBTC to Solana. There exists an opportunity now for a first mover advantage to establish tBTC as the new canonical BTC on Solana. To do that, the cold start problem for tBTC TVL and volume on Solana needs to be addressed immediately with new protocol integrations that increase the …