TIP-098: The Future of Threshold
AI summary
This proposal, TIP-098, suggests creating a new company called tLabs, dedicated solely to developing and maintaining the tBTC Bitcoin bridge and the Threshold Network. The goal is to address current issues like stalled development, unclear market positioning, and limited funding. tLabs would handle protocol, product, business development, and marketing functions for tBTC, aiming to increase its total value locked (TVL), upgrade its technology, and improve usability. To fund these efforts, tLabs will conduct a fundraising round on behalf of the Threshold DAO.
If passed, the Threshold DAO would delegate significant development and strategic responsibilities to tLabs, potentially leading to a revitalized tBTC and an extended financial runway for the DAO through external fundraising. This could benefit token holders through improved tokenomics and increased network activity, but it centralizes development efforts under a new entity.
Voting results
Votes over time
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🐳 Whale votes
5 votes > 5% VPFull proposal
Introducing tLabs tLabs is a proposed labs company with the single purpose of developing and maintaining tBTC and Threshold Network. This proposal outlines the role of tLabs in the Threshold community, its relationship to the DAO, and the strategy to ensure the long-term growth and success of Threshold DAO.
This proposal is motivated by a clear need to address the core challenges facing Threshold and tBTC:
- Stalled tBTC product and technical development
- Growth coordination challenges and unclear market position
- Undercapitalization and runway
- Limited tokenomic model.
It is propose…