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Threshold NetworkThreshold Networkby0x8FBCa7800D1B820176b0696A22bce5E50C5c9A710x8FBC…9A71

TIP-93 part 4: mandatory 30-day delay on fee changes

Voting ended about 1 year agoSucceeded

Following extensive deliberation by Threshold Treasury committee and then the community (see Forum discussion in link below), this is the last of 4 snapshots that cover the facets to be decided (mint fee, redeem fee, Treasury committee authorization, 30-day delay for fee changes), while avoiding inevitable "split votes" by trying to combine them.

The Treasury committee recommended a 30-day delayed implementation should TIP-93 be approved, stating: "We include a 30-day delayed implementation following Snapshot vote results, partly to give the market time to respond and as a consideration for those in favor of continuing the mint fee holiday..."

In this Forum comment, MrsNuBooty said, "I strongly recommend implementing a mandatory 30-day delay between any decision to adjust fees and their implementation. This gives the market adequate time to respond, ensures fairness to current users, and provides time to communicate changes effectively." https://forum.threshold.network/t/tip-93-reinstate-tbtc-mint-fee-increase-redeem-fee/987/4?u=johnpackel

**Question: should we impose a mandatory 30-day delay to tBTC fee changes? **

To be clear, if approved this would apply to any fee changes tokenholders may approve in TIP-93 part 1 & part 2 snapshots, as well as future changes.

Off-Chain Vote

For
1.55B T100%
Against
0 T0%
Abstain
0 T0%
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Discussion

Threshold NetworkTIP-93 part 4: mandatory 30-day delay on fee changes

Timeline

Dec 13, 2024Proposal created
Dec 13, 2024Proposal vote started
Dec 20, 2024Proposal vote ended
Dec 20, 2024Proposal updated