TIP-060 Solana Growth Partnership

This is a temp check. If passed the proposal will proceed to the Threshold DAO GB.

Vote Type: Token holder DAO Governor Bravo Proposal

DAO Elected Representative Sponsors: Sap, Will

Overview: tBTC has successfully launched on Solana, but with limited usage and in competition with existing efforts to bring native wBTC to Solana. There exists an opportunity now for a first mover advantage to establish tBTC as the new canonical BTC on Solana. To do that, the cold start problem for tBTC TVL and volume on Solana needs to be addressed immediately with new protocol integrations that increase the liquidity & utility of tBTC as collateral.

This is a proposal for the Threshold DAO to engage in a partnership with Mango & Dual DAO to deliver products supported by CKS Systems liquidity to bootstrap TVL for tBTC across the Solana DeFi ecosystem.

These protocols are better together and a more liquid BTC market on Solana via tBTC is collectively beneficial for T, MNGO, DUAL and even SOL. By making this benefit clear to the respective communities it’s possible to engage a positive feedback loop to grow tBTC. The proposed deal structure is designed with this in mind and includes treasury swaps in the form of on-chain call options to formalize the relationship of our mutual successes.

Full proposal available on the forums:

https://forum.threshold.network/t/tip-060-solana-growth-partnership/675