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Threshold NetworkThreshold Networkby0x8FBCa7800D1B820176b0696A22bce5E50C5c9A710x8FBC…9A71

TIP-93 part 2: tBTC redeem fee options

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 second 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.

First two votes are weighted votes, which allow voters to express support for more than one option and specify how much they support each of them (explanation here: https://docs.snapshot.box/user-guides/proposals/voting-types#weighted-voting).

Off-Chain Vote

Keep redeem fee at 0.2%
1.17B T77.6%
Reduce redeem fee to 0.15%
0 T0%
Increase redeem fee to 0.25%
337.51M T22.4%
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Discussion

Threshold NetworkTIP-93 part 2: tBTC redeem fee options

Timeline

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