GDR #006: Threshold | Gasdrop Request

Note

Approval requires more than 50% of YES votes and a minimum threshold of 10k DIA voting power across $DIA, $ARB, and $T tokens. The weight of $ARB & $T is calculated by equalizing their fully diluted market cap with DIA's at the time of the vote's creation. The vote is active for 96 hours.

Project Overview

• Project Name: Threshold
• Project Website: https://threshold.network
• Project use case: A decentralized BTC -> EVM bridge using Threshold cryptography
• Oracle Use: To provide accurate price feeds to DApps that wish to integrate a permissionless redeemable BTC asset

Request for DIA Oracle Gasdrop Program

Our project, Threshold, has built a decentralized BTC → EVM bridge called tBTC which is live and liquid on the Arbitrum network. We would like to participate in DIA’s Oracle Gasdrop program to enable new DeFi use-cases for tBTC. We understand that approval of this request requires a vote with more than 50% of YES votes from the holders of Arbitrum, DIA, and our project’s tokens. We are committed to providing any additional information required for the voting process.

Thank you for your consideration.

The Threshold team

About DIA Oracle Gasdrop

DIA is supporting dApp development with an Arbitrum grant program to co-sponsor gas costs of oracle updates. The grant program is designed to facilitate the evolution of new DeFi use cases within the Arbitrum ecosystem. The program is funded by ARB tokens received from the Arbitrum airdrop.

Learn more at https://www.diadata.org/oracle-gasdrop-arbitrum-grant/