TIP-047 Temp-Check: Liquidity Bootstrappening and Growth Part 2 - PCV
AI summary
This proposal, TIP-047 Part 2, outlines a multi-phased strategy to increase the Threshold DAO's ownership of tBTC liquidity, known as Protocol Owned Liquidity (POL). It aims to create a self-sustaining revenue model for the DAO by acquiring various Curve BTC LP tokens, initially focusing on tBTC v1 and then expanding to other BTC variants like renBTC and sBTC. The plan involves using a bonding mechanism, specifically Bond Protocol, to exchange Threshold's native token (T) for these LP tokens.
If passed, the Threshold DAO will gain significant control over tBTC liquidity, potentially increasing its revenue streams and influence within the DeFi ecosystem. This benefits the DAO and its token holders through a stronger treasury and improved protocol stability. The proposal does not specify any direct financial losses for any party, but the value of T tokens used for bonding will be exchanged for LP tokens.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Overview:
This is a multi-phased proposal intended to deploy a DAO-owned strategic plan to deepen tBTC liquidity and develop essential Threshold BTC-based Protocol Owned Liquidity.
It builds a DeFi revenue flywheel owned by the Threshold DAO and managed by the Threshold Treasury Guild (TTG) through four phases. This proposal was originally authored by Matt.
Important Note:
This version of TIP 47 is the result of multiple working sessions and iterations with the TTG. The Threshold DAO onchain proposal flow process requires a successful temp check snapshot before queing into Governor Bravo. …