TIP-038 Mint 250m T tokens for the Council to distribute following the stable yield model (Oct22 - Jan23)
AI summary
This proposal asks the Threshold Network DAO to mint 250 million new T tokens. These tokens will be used to reward participants who stake their T tokens and run nodes for the Threshold protocol, specifically for the period between October 2022 and January 2023. The rewards aim to provide an annual yield of 15% to node operators, with the actual amount distributed depending on the average percentage of T tokens being staked during this period. Any tokens not distributed will be held by the Council for future rewards.
If passed, the Threshold Network will create 250 million new T tokens, increasing the total supply. Node operators who stake T tokens will receive rewards, incentivizing their continued participation and securing the network. The Council will gain control over any undistributed tokens for future use, which could benefit the DAO by providing a reserve for future incentive programs.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
TLDR If passed by the DAO, this proposal would see the Threshold protocol mint 250m T tokens. The sum distributed, and therefore withdrawable, will depend on the average staking rate between October 1st and January 1st (if it were to remain static, then approximately half of the 250m will be distributed). Every stake associated with a functioning PRE and tBTCv2 node will grow by 15% APY (~3.82% over 93 days is the target yield in this epoch). For the reward split schedule (between the two applications), see <TIP-032>.
Minting sum calculation For more details on the minting methodology and tok…