TIP-066: tBTC Minting in Taho

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Project Summary

Currently, tBTC minting is limited to the Threshold Dashboard, restricting its accessibility to a broader audience. Additionally, users tend to engage more with processes on platforms they are already familiar with. By integrating the tBTC minting process into Taho, a well-known community-owned web3 wallet, we can not only capitalize on existing user familiarity but also significantly broaden the accessibility of tBTC minting, promoting its wider adoption in the crypto community.

Our specific plan involves prioritizing design work and incorporating the tBTC SDK, which will be the first of its kind in an external product, thereby battle-testing the SDK. By capitalizing on Taho’s established trust with its users, we aim to transition a notable segment to the Threshold platform, simplifying the minting process and bridging the technical divide. Taho currently has over 100,000 monthly active users, with a recent survey indicating that 80% of these users are actively engaged in DeFi activities.

We are requesting $189,000 over the duration of 5-6 months to achieve the following key milestones:

Milestone 1 - Complete UX/UI Design of tBTC minting in Taho

Milestone 2 - Prototype SDK integration, Test SDK & Doc Improvement

Milestone 3 - Integrate tBTC Minting in Taho

All work produced during this project will be open source, allowing other wallets and developers to access and build upon our contributions.

The full proposal is found on the Threshold Governance forum.