TIP 51: Coverage Pool Allocation

TIP 51: Coverage Pool Allocation

Vote type:

Token Holder Governor Bravo Temp Check

Overview:

This is a proposal to provide more insurance to tBTC users in the form of allocating more Threshold DAO resources to the coverage of tBTC. Responsible risk management on behalf of the DAO is critical for tBTC users as the network continues to scale.

Currently, tBTC is backstopped by a single asset T-only coverage pool. Strong steps toward improving protocol risk management are achieved by the DAO committing more assets to this pool.

This proposal is an extension of TIP 43- Coverage Pool Migration…