TIP-96: Mint 5% of T supply for TVL growth milestones
AI summary
This proposal, TIP-96, suggests minting 5% of the Threshold Network's native T token supply, which amounts to 551,750,000 T tokens. These tokens would be used to incentivize trading firms to increase the Total Value Locked (TVL) of tBTC, a decentralized Bitcoin-to-DeFi bridge. The incentives are performance-based grants, meaning firms would receive tokens upon meeting specific tBTC minting milestones. The Threshold Treasury Committee would be responsible for agreeing upon and monitoring these milestones.
If passed, this proposal could significantly boost tBTC adoption and TVL by attracting large trading firms, potentially increasing the utility and liquidity of tBTC. However, it dilutes existing T token holders by minting new tokens, and the specific performance milestones for these grants are not disclosed, which could lead to uncertainty regarding the effectiveness and fairness of the incentives.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
4 votes > 5% VPFull proposal
Vote Type
Token Holder DAO Snapshot
DAO-elected Sponsors
@JohnPackel , @Eastban
Timeline
- 7 days for comment / discussion on this proposal
- Token holder DAO Snapshot with a 7-day vote period
- If approved, 9 days for Governor Bravo vote (+ 4 days queue & timelock)
Who is Involved?
Threshold DAO, Threshold Treasury Committee, aligned liquidity provider(s)
Highlights
Accelerate tBTC usage and TVL by engaging active trading firms
Performance-based T token grants totaling up to 5% of current supply
Delegation to Treasury Committee the agreement on and monitoring of …