TIP-100: The Future of Threshold, Continued
AI summary
This proposal, TIP-100, is a continuation of a previous discussion (TIP-98) and outlines a major restructuring of the Threshold Network. Its primary goal is to refocus Threshold entirely on tBTC, aiming to significantly increase tBTC's Total Value Locked (TVL) and bridge activity. To achieve this, the proposal suggests separating TACo, another application within Threshold, into its own independent network. This separation is intended to provide clarity and allow both tBTC and TACo to grow more effectively.
If passed, Threshold will become a single-application network dedicated to tBTC, potentially boosting tBTC's market position. TACo will transition to an independent network over six months, with its stakers continuing to receive compensation during this period from existing funds. This benefits tBTC by streamlining focus and TACo by gaining autonomy, but it fundamentally alters the original multi-application vision of Threshold.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
5 votes > 5% VPFull proposal
This TIP is a continuation of TIP-98 that expands on the role of tLabs and the expected DAO restructure. Given the meaningful updates and changes from the original TIP, it is re-introduced as TIP-100, rather than an amendment.
tBTC has an opportunity to become the canonical cross-chain liquidity hub for Bitcoin, with >10x today’s TVL and bridge velocity. Threshold can capture value with revamped tokenomics that couple the success of T with the success of tBTC. But achieving this goal requires the DAO to commit and compete: the path to success is narrow and requires immediate action.
Threshol…