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0xd101…5447

All memos sent from and to 0xd101…5447.
0x78270a27…9406sent to0xd101f2b2…5447·#25,553,211·0xab7bc9c9…520804
# Claim tBTC from Bridge Fees (Routine Execution) ## tl;dr Claim ~1.58077369 tBTC (158,077,369 sats) from accumulated tBTC Bridge fees and transfer it to the Threshold Committee treasury multisig. ## Background Threshold DAO accrues protocol fees from tBTC Bridge activity as a Bank balance credited to the Governor timelock. Depending on active DAO-approved fee parameters, Bridge fee relate to mint and redemption flows. Periodic claims convert the timelock's Bank balance into tBTC via TBTCVault and transfer it to the Threshold Committee treasury multisig for DAO-directed treasury operations. This proposal follows the same operational pattern as the latest executed routine fee claim, Claim tBTC from Bridge Fees (Routine Execution), which executed at block `25325691` and claimed `161,776,434` sats (~1.61776434 tBTC). This execution uses the current accrued fee amount. ## Proposal Execute the standard 3-step fee claim: 1. Increase the timelock's Bank balance allowance for TBTCVault 2. Mint the corresponding tBTC from TBTCVault 3. Transfer the minted tBTC to the Threshold Committee treasury multisig ## Parameters * Amount: `158,077,369` sats (~1.58077369 tBTC) * Recipient: `0x71E47a4429d35827E0312Aa13162197C23287546` * Balance source: `Bank.balanceOf(Governor timelock)` checked at Ethereum block `25546746` ## Notes * No new permissions or contracts. * Same execution pattern as TIP-107; this is a maintenance sweep of accumulated tBTC Bridge fees.
0x3070f20f…ec29sent to0xd101f2b2…5447·#25,221,524·0x17d56bcb…9b95ed
# Claim tBTC from Bridge Fees (Routine Execution) ## tl;dr Claim ~1.61776434 tBTC (161,776,434 sats) from accumulated tBTC Bridge fees and transfer it to the Threshold Committee treasury multisig. ## Background Threshold DAO accrues protocol fees from tBTC Bridge activity as a Bank balance credited to the Governor timelock. Depending on active DAO-approved fee parameters, Bridge fees can relate to mint/deposit and redemption flows. Periodic claims convert the timelock's Bank balance into tBTC via TBTCVault and transfer it to the Threshold Committee treasury multisig for DAO-directed treasury operations. This proposal follows the same operational pattern as the latest executed routine fee claim, Claim tBTC from Bridge Redemption Fees (Routine Execution), which executed at block `24580626` and claimed `190,688,808` sats (~1.90688808 tBTC). This execution uses the current accrued fee amount. ## Proposal Execute the standard 3-step fee claim: 1. Increase the timelock's Bank balance allowance for TBTCVault 2. Mint the corresponding tBTC from TBTCVault 3. Transfer the minted tBTC to the Threshold Committee treasury multisig ## Parameters * Amount: `161,776,434` sats (~1.61776434 tBTC) * Recipient: `0x71E47a4429d35827E0312Aa13162197C23287546` * Balance source: `Bank.balanceOf(Governor timelock)` checked at Ethereum block `25210546` ## Notes * No new permissions or contracts. * Same execution pattern as TIP-107; this is a maintenance sweep of accumulated tBTC Bridge fees. * Given fee claim is a recurring process the Committee plans to execute every few months (more often as substantial fees accrue faster), we will queue the proposal same day as this Forum post, and voting will begin after ~13,000 blocks (approximately 2 days)
0x3070f20f…ec29sent to0xd101f2b2…5447·#24,491,599·0x5999ad1f…80899d
# Claim tBTC from Bridge Redemption Fees (Routine Execution) ## tl;dr Claim ~1.9 tBTC (190,688,808 sats) from Bridge Fees and transfer it to the Threshold Committee treasury multisig. ## Background Threshold DAO accrues tBTC redemption fees as a Bank balance credited to the Governor Bravo timelock. This proposal is a routine follow-on execution consistent with TIP-107 (same flow, new amount), intended to periodically sweep accrued fees into the Threshold Committee treasury multisig for DAO-directed use. ## Proposal Execute the standard 3-step claim flow: 1. Increase Bank balance allowance for TBTCVault 2. Mint tBTC from the TBTCVault for the accrued fee amount 3. Transfer the minted tBTC to the Threshold Committee treasury multisig ## Parameters * Amount: `190,688,808` sats (~1.90688808 tBTC) * Recipient: `0x71E47a4429d35827E0312Aa13162197C23287546` ## Notes * No new permissions or contracts. * Same execution pattern as TIP-107; this is a maintenance sweep of accrued protocol fees.
0x3070f20f…ec29sent to0xd101f2b2…5447·#24,048,982·0x75eca10f…8302ef
# TIP-108: Reduce Governor Bravo Voting Period from 9 Days to 7 Days ## tl;dr Reduce the Threshold Governor Bravo **Voting Period** from **9 days** to **7 days** by updating the `votingPeriod` from **66,461 blocks → 50,000 blocks**. ## Background Threshold DAO governance uses Governor Bravo, which defines voting delay, voting period, quorum, and execution rules. The current voting period is **9 days**, as confirmed on-chain via `votingPeriod() = 66461` blocks. A 9-day voting duration slows governance execution and extends proposal cycles unnecessarily. Moving to a **7-day period** improves DAO responsiveness while maintaining a widely recognized minimum timeframe for decentralized participation. ## Proposal This proposal updates the Governor Bravo voting period as follows: * **Old value:** 66,461 blocks (~9 days) * **New value:** **50,000 blocks** (~7 days) This change: * Reduces the total governance cycle by two days * Maintains broad accessibility for voters * Aligns Threshold more closely with standard DAO governance timing * Requires no new contracts or permissions ## Transaction The Governor Bravo contract will execute a single administrative call: 1. **Update Voting Period** * Contract: Governor Bravo (`0xd101f2b25bcbf992bdf55db67c104fe7646f5447`) * Method: `setVotingPeriod(uint256 newVotingPeriod)` * New value: `50000` ## Notes * This proposal modifies **only** the voting period; all other governance parameters remain unchanged. * The 7-day duration preserves decentralization while enabling more agile DAO decision-making.
0x3070f20f…ec29sent to0xd101f2b2…5447·#23,991,919·0x94979ffc…8d446a
# TIP-072v3: Reduce Redemption Default Delay to 15 Minutes and Introduce Waived Amount parameter ## tl;dr Reduce the **default redemption delay** from **2 hours → 15 minutes** by updating `_defaultDelay` from **7200 → 900 seconds**, and set a **5 BTC waived amount limit** so redemptions can finalize faster and offer a better user experience. ## Background The redemption delay exists to provide a buffer for monitoring and validation before a BTC redemption is finalized. As operational processes have matured, a shorter delay improves efficiency and user experience without reducing safety. A small waived amount threshold allows low-value redemptions to clear immediately while keeping the veto mechanism focused on larger, higher-impact flows. ## Proposal Update the Redemptions Guardian parameters as follows: * Update `_defaultDelay` to **900 seconds (15 minutes)**. * Update `_waivedAmountLimit` to **5 BTC (500,000,000 sats)**. All other Redemptions Guardian parameters remain unchanged from their current values: * `watchtowerLifetime = 93,312,000` * `vetoPenaltyFeeDivisor = 20` * `vetoFreezePeriod = 2,592,000` * `levelOneDelay = 28,800` * `levelTwoDelay = 86,400` ## Notes * No contract upgrades are required. * Only `_defaultDelay` and `_waivedAmountLimit` are modified; all other parameters are unchanged. * The 5 BTC waived threshold is intended to keep small, routine redemptions frictionless while preserving controls for larger transactions.
0x78270a27…9406sent to0xd101f2b2…5447·#23,818,511·0x77775360…ca1d63
# TIP-107: Claim tBTC from Bridge Redemption Fees and transfer to the Threshold Committee multisig ## tl;dr Claim ~4.7 tBTC (474,659,503 sats) from Bridge Redemption Fees and transfer to the Threshold Committee multisig. ## Background **tBTC Bridge Redemption Fees** Threshold DAO has been accruing tBTC redemption fees as a bank balance in favor of the Governor Bravo Timelock Controller address. These balances are held within the Bank contract and represent accumulated protocol fees from tBTC redemptions. In order to utilize these assets, the fees must be claimed as tBTC ERC20 and transferred to the Threshold Committee multisig, as successfully executed in Jul 15th, 2025 under TIP-105. ## Proposal This proposal includes the transactions required to: * Claim the tBTC obtained as redemption fees from the Bridge contracts * Transfer the claimed tBTC to the Threshold Committee multisig for DAO-directed use, including protocol-owned liquidity (POL) ## Transactions The following actions are to be executed as part of this Governor Bravo governance proposal: 1. **Authorize use of the bank balance** * Contract: [Bank](https://etherscan.io/address/0x65Fbae61ad2C8836fFbFB502A0dA41b0789D9Fc6#writeContract#F6) * Method: `increaseBalanceAllowance(address spender, uint256 amount)` * Purpose: Allow the TBTCVault contract to use the DAO’s accrued redemption fee balance. 2. **Claim tBTC via mint from the TBTCVault** * Contract: [TBTCVault](https://etherscan.io/address/0x9C070027cdC9dc8F82416B2e5314E11DFb4FE3CD#writeContract#F11) * Method: `mint(address recipient, uint256 amount)` * Purpose: Convert the DAO’s redemption fee bank balance into tBTC ERC20 held by the Governor Bravo address. * Amount: `474,659,503` sats (~4.7 tBTC). 3. **Transfer claimed tBTC to the Threshold Committee multisig** * Contract: [tBTC ERC20](https://etherscan.io/address/0x18084fbA666a33d37592fA2633fD49a74DD93a88#writeContract#F10) * Method: `transfer(address recipient, uint256 amount)` * Recipient: Threshold Committee multisig (`0x9F6e831c8F8939DC0C830C6e492e7cEf4f9C2F5f`) * Amount: `474,659,503` sats (~4.7 tBTC). ## Notes * This proposal follows the precedent established under TIP-99 and TIP-105, maintaining consistency in the handling of DAO-owned tBTC redemption fees. * Execution of these transactions will enable the DAO to utilize earned redemption fees for protocol growth, liquidity, and other governance-directed initiatives. * No new contracts or permissions are introduced; all interactions are performed via existing audited contracts.
0x78270a27…9406sent to0xd101f2b2…5447·#23,603,736·0xfb54e3a3…2b02b7
# TIP-072v2 Follow-Up: Redemption Watchtower Parameters ## tl;dr Correct the watchtower lifetime parameter from the previous TIP-072 Governor Bravo proposal, which failed to extend the Optimistic Guardian functionality due to an oversight (watchtowerLifetime always counts from the original `enabledAt` timestamp). In order to renew the Optimistic Guardian functionality for another 18 months as approved, the correct value for watchtowerLifetime is 93312000. Nothing else is changed from the prior iteration. ## Parameters * _watchtowerLifetime (uint32) = 93312000 * _vetoPenaltyFeeDivisor (uint64) = 20 - as per TIP-072 (sets 5% penalty fee) * _vetoFreezePeriod (uint32) = 2592000 * _defaultDelay (uint32) = 7200 * _levelOneDelay (uint32) = 28800 * _levelTwoDelay (uint32) = 86400 * _waivedAmountLimit (uint64) = 0
0x78270a27…9406sent to0xd101f2b2…5447·#23,470,131·0x7de364ba…6f16ba
# TIP-072 Follow-Up: Redemption Watchtower Parameters ##tl;dr Finalize the parameter updates already approved under TIP-072 by extending the watchtower lifetime and confirming the intended veto/objection settings. ## Rationale: Given the ongoing threat that stolen/illicit funds may be used to redeem BTC, Threshold Committee recommends renewing the Optimistic Guardian functionality for another 18 months. Additionally, the required Governor Bravo transaction being queued sets the financial penalty for vetoed redemptions at 5%, as approved in the Snapshot cited in the previous [comment](https://forum.threshold.network/t/tip-072-optimistic-redemptions/793/2) but never implemented (an oversight).” ## Parameters * _watchtowerLifetime (uint32) = 46656000 * _vetoPenaltyFeeDivisor (uint64) = 20 - as per TIP-072 * _vetoFreezePeriod (uint32) = 2592000 * _defaultDelay (uint32) = 7200 * _levelOneDelay (uint32) = 28800 * _levelTwoDelay (uint32) = 86400 * _waivedAmountLimit (uint64) = 0
0x78270a27…9406sent to0xd101f2b2…5447·#22,926,082·0x2c706eb6…1f6646
TIP-105 : Claim tBTC from Bridge Redemption Fees and transfer to the Threshold Committee multisig **tl;dr** Claim ~10.5 tBTC from Bridge Redemption Fees and transfer to Threshold Committee multisig. **Background** tBTC Bridge Redemption Fees Threshold DAO is accruing tBTC redemption fees as a bank balance in favor of its Governor Bravo Timelock Controller address as can be seen on the Bank Contract (balanceOf). In order to use these assets these fees should get claimed as tBTC ERC20 and transferred to Threshold Committee multisig as it was already performed successfully back in Jan 2025 under TIP-99 **Proposal** This proposal aims to include the transactions necessary to : - claim the tBTC obtained as redemption fees and transfer them to the Threshold Committee multisig to use as POL. Transactions to be included in this Governor Bravo governance process: - Execute the authorization to use the bank balance: increaseBalanceAllowance method ([this function](https://etherscan.io/address/0x65Fbae61ad2C8836fFbFB502A0dA41b0789D9Fc6#writeContract#F6)) - Execute the Claim: TBTCVault.mint from the GB address ([this function](https://etherscan.io/address/0x9C070027cdC9dc8F82416B2e5314E11DFb4FE3CD#writeContract#F11)). Once done that will claim TBTC ERC20 to the GB address. - Execute the Transfer to the Threshold Committee multisig: TBTC.transfer ([this function](https://etherscan.io/address/0x18084fbA666a33d37592fA2633fD49a74DD93a88#writeContract#F10)).
0x78270a27…9406sent to0xd101f2b2…5447·#21,679,721·0xc6769f26…c0957a
# TIP 099: Claim tBTC from Bridge Redemption Fees and transfer to the Treasury Guild **Tldr** Claim ~10 tBTC from Bridge Redemption Fees and transfer to the Treasury Guild. **Background** tBTC Bridge Redemption Fees Threshold DAO is accruing tBTC redemption fees as a bank balance in favor of its Governor Bravo Timelock Controller address as can be seen on the Bank Contract (balanceOf). In order to use these assets as POL these fees should get claimed as tBTC ERC20 and transferred to TTG multisig wallet, as it was already performed successfully back in July 2024 under TIP-82 **Proposal** This proposal aims to include the transactions necessary to : - claim the tBTC obtained as redemption fees and transfer them to the TTG to use as POL. Transactions to be included in this Governor Bravo governance process: - Execute the authorization to use the bank balance: increaseBalanceAllowance method ([this function](https://etherscan.io/address/0x65Fbae61ad2C8836fFbFB502A0dA41b0789D9Fc6#writeContract#F6)) - Execute the Claim: TBTCVault.mint from the GB address ([this function](https://etherscan.io/address/0x9C070027cdC9dc8F82416B2e5314E11DFb4FE3CD#writeContract#F11)). Once done, that will claim TBTC ERC20 to the GB address. - Execute the Transfer to the Treasury Guild multisig: TBTC.transfer ([this function](https://etherscan.io/address/0x18084fbA666a33d37592fA2633fD49a74DD93a88#writeContract#F10)).
0x72063b0b…03e9sent to0xd101f2b2…5447·#21,445,379·0x7312b92c…fa03fc
# TIP-94: Mint 3 months of staking rewards **Key points** If passed by the DAO, this proposal would see the Threshold protocol mint 120 million Threshold work tokens (T) for future staking rewards Only 3 months of rewards is proposed, rather than 1 year, because discussion is ongoing to potentially eliminate (or reduce) emissions (see TIP-92) The sum distributed, and therefore withdrawable, will depend on the average staking rate between December 1, 2024 and February 28, 2025 Unless pre-empted by TIP-92 or other TIP, every stake with a functioning TACo & tBTC node will grow by 15% APY based on the Stable Yield Mechanism For the reward split schedule (between the two applications), see Threshold Improvement Proposal (TIP)-32; info on the last rewards mint (Dec. 2023) is here: https://forum.threshold.network/t/tip-53-mint-470m-threshold-work-tokens-for-dao-to-distribute-per-the-stable-yield-model/632 For full details and discussion see the Forum: https://forum.threshold.network/t/tip-94-mint-3-months-of-staking-rewards/997
0x72063b0b…03e9sent to0xd101f2b2…5447·#20,777,789·0x60b97805…502af1
# TIP-87: 90M T to accelerate tBTC growth, including on Base **Vote Type** Token holder DAO Snapshot was approved (717M voting, 100% approved); this is Governor Bravo transfer **DAO-elected Sponsors** @ramaruro1, @MrsNuBooty, @sap **Timeline** - 3 days for comment / discussion on this proposal - Token-holder DAO Snapshot temp check with a 3-day vote period - If Snapshot is approved, then the standard 11-day Governor Bravo vote **Context** Several exciting trends have been accelerating DeFi since Threshold launched version 2 of tBTC in early 2023: the continued substantial growth in the number of crypto users globally, institutional involvement in multiple areas of crypto, the explosive growth to $170B of stablecoins, a growing number of protocols supporting almost every conceivable financial application (many of which Threshold partners with), and of course the unprecedented amount of assets and activity occurring on Layer 2s (including the emerging Bitcoin L2 space). **Accelerating tBTC growth on Layer 2 chains** After executing our successful campaign on Arbitrum based on a grant we received from the Arbitrum Foundation, and by which we deployed rewards to liquidity providers, developed a Direct Minting app, integrated tBTC into GMX and about to launch a loyalty program - it’s time to fund an aggressive TVL expansion of tBTC on other L2s. Base is especially interesting. The Coinbase team is launching their own cbBTC, which we expect will drive a lot of volume and inflow from this major centralized exchange. What at first sounds like competition, it is actually a great opportunity for us since they’ve expressed interest in involving tBTC in the upcoming launch, including a tBTC integration on the Coinbase Wallet and collaborating on liquidity, incentives and marketing activity for the cbBTC/tBTC pair. We also consider it essential to capitalize on opportunities to expand the use of tBTC in these times of market uncertainty. A lot of recognized protocols, market players and incipient projects are reaching out to us with partnership opportunities and tremendous growth potential. We need to have the flexibility and muscle to be able to act quickly. The Treasury Guild Committee requests 90M T to identify and execute direct and indirect marketing activities designed to quickly grow tBTC deposits, including but not limited to expanding liquidity provisioning on Base. The objective is to help DeFi users, communities, and interested institutions frictionlessly adopt tBTC, including by migrating from other Bitcoin wrappers. Activities will be coordinated between the Treasury Guild and Threshold’s Marketing leads, and the necessary transactions will be executed by the Treasury Guild. **Treasury Guild Committee Discretion** In normal times a proposal like this would include more detail on specific tactics, expected outcomes and measures of success. But these aren’t normal times – we have a unique opportunity to capture substantial market share in a short time by capitalizing on the market trends described above. Given the authority token holders have entrusted to the Treasury Guild Committee (and supporting contractors) to not only manage our treasury but also Threshold’s protocol owned liquidity, the expansion of the beta staker program, short-term control over tBTC mint & redeem fees, etc., the proposal recommends once again delegating to the committee for this growth effort. The committee will provide periodic updates on its progress, an accounting of funds deployed and return any unspent tokens. **Forum discussion:** https://forum.threshold.network/t/tip-087-90m-t-to-accelerate-tbtc-growth-including-on-base/959/1
0x78270a27…9406sent to0xd101f2b2…5447·#20,320,637·0x6e3cc7bf…87e9e4
# TIP-082: TTG Betastaker reimbursement and tBTC Redemption Fees Mint and Transfer This proposal includes transactions necessary to : - return to the TTG multisig the T token used to delegate to the betastakers program and - mint ~10.9 tBTC obtained from redemption fees and transfer them to the TTG to use as POL (transfer additionally includes 0.2tBTC accrued from minting fees). As described in the [forum post](https://forum.threshold.network/t/tip-082-ttg-betastaker-reimbursement-and-tbtc-redemption-fees-mint-and-transfer/883) and upvoted in the [snapshot](https://snapshot.org/#/threshold.eth/proposal/0x766924ce1f1c9e620d9b389f232fd7c6fc6d42f406175cfe37975a9d15c82652). Transaction details included in this vote can be verified in the forum post as well.
0x1ba89953…4e58sent to0xd101f2b2…5447·#19,913,505·0x5f6fb501…a014ea
# GP-036: Threshold Marketing Guild Funding Request for Remainder of 2024 <br />[https://forum.threshold.network/t/gp-036-threshold-marketing-guild-funding-request-for-remainder-of-2024/861](url)
0x1ba89953…4e58sent to0xd101f2b2…5447·#19,188,979·0x099c3cba…f8cad4
# TIP-070 Embody’s Inner Circle and TACo Integration [https://forum.threshold.network/t/tip-070-enhancing-menstrual-health-privacy-embodys-inner-circle-and-taco-integration/769](url)
0x72063b0b…03e9sent to0xd101f2b2…5447·#18,642,123·0xff482cb6…93bb06
# Mint 520M T tokens per Stable Yield (TIP-053) & TACo rewards (TIP-062) https://snapshot.org/#/threshold.eth/proposal/0xfeca15f17b3f0dd289dd63f954f9e5c23fe23a7432cc00c53e37c766794d0f9a https://snapshot.org/#/threshold.eth/proposal/0x868139f4c9769e2ebd779b0a94558bf8f424c790dfdb68506b5f8b67442ce768
0x1ba89953…4e58sent to0xd101f2b2…5447·#17,936,628·0x1409b2d3…f889a5
# TIP 54: tBTC & T, better together (Part 1) <br />The governance process for TIP 54 is broken down into two separate cycles. Part 1 is the governance process for the second part of the proposal which includes deposit fees and rebates. There are two actions resulting from this portion of the proposal: Lower the tBTC deposit fee to 0.1% Transfer 13M T from the DAO to the threshold treasury multisig to manage a fee rebate program The remainder of the proposal including details of the buy back and make program are still under DAO discussion and will be put to a separate governance cycle when appropriate. Full details for this proposal are available on the forum here - https://forum.threshold.network/t/tip-54-tbtc-t-better-together/635
unknown sendersent to0xd101f2b2…5447·#15,034,559·0xa4bf4306…51345c
# TIP-30: Mint 265m T tokens for the Council to distribute following the StableYield model If passed, this proposal would see the Threshold protocol mint 265m T tokens, of which the Council will distribute approximately half on July 15th. The sum distributed, and therefore withdrawable, will depend on the average staking rate between June 1st and July 15th. Every stake associated with a functioning PRE node will grow by 15% APY (~1.81% over 44 days is the maximum yield in this era), and those that confirmed their node before June 1st will also earn a 3% one-off bonus. See the [full proposal](https://forum.threshold.network/t/dao-proposal-1-mint-265m-t-tokens-for-the-council-to-distribute-following-the-stable-yield-model/370/2) text for a more detailed description.
0x421a8400…dab5sent to0xd101f2b2…5447·#15,034,559·0xa4bf4306…51345c
# TIP-30: Mint 265m T tokens for the Council to distribute following the StableYield model If passed, this proposal would see the Threshold protocol mint 265m T tokens, of which the Council will distribute approximately half on July 15th. The sum distributed, and therefore withdrawable, will depend on the average staking rate between June 1st and July 15th. Every stake associated with a functioning PRE node will grow by 15% APY (~1.81% over 44 days is the maximum yield in this era), and those that confirmed their node before June 1st will also earn a 3% one-off bonus. See the [full proposal](https://forum.threshold.network/t/dao-proposal-1-mint-265m-t-tokens-for-the-council-to-distribute-following-the-stable-yield-model/370/2) text for a more detailed description.