Join the Townhall in the Threshold Discord on Sept 28th and see what we’ve been building 👀

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🎬 Redefining trust: MacLane Wilkison on the power of threshold cryptography 🌮

As part of TIP-48 (https://forum.threshold.network/t/tip-48-liquidity-bootstrappening-part-3-threshold-dao-x-wormhole/571), a liquidity provider committed to provisioning 25,000 BTC of deposits into the tBTC system. Unfortunately, the liquidity provider has reneged on the agreement, as part of a broader shutdown of their on-chain crypto and DeFi operations. While this is frustrating in the short-term, there is still a clear path forward for aggressively scaling tBTC TVL. Fortunately, many of the pieces for growth are already in place, including a bond program (https://app.bondprotocol.finance/#/tokens/1/0xcdf7028ceab81fa0c6971208e83fa7872994bee5) to build the DAO’s Bitcoin POL and a proposal (https://boardroom.io/threshold/proposal/cHJvcG9zYWw6dGhyZXNob2xkOm9uY2hhaW46NTI1OTQ3MTM1MDYxMzExNjYxNDI4MDI0OTUyNzAzNjQ3MjMwNzUzMTM0NTA0NDY5ODE1NzkyNzEyMTAzMTIyODI1MTY5MTUzNDczOTk=) for tBTC minting rebates. For the committed 25,000 BTC liquidity provision, the DAO is exploring alternative liquidity providers. If it isn’t able to secure a satisfactory alternative provider, the T tokens earmarked for the liquidity provider’s warrants (~5% of supply) provide a significant amount of optionality. At the DAO’s discretion, the tokens can be used for a large-scale liquidity mining program to encourage TVL growth. If well-designed, it’s feasible this program could be more capital-efficient than the original TIP-48. In the short-term, the Treasury Guild intends to focus on building base layer (Ethereum L1) demand, liquidity, and yield opportunities for tBTC, which is critical to growing TVL. This means increased incentives on major stableswap pools and onboarding tBTC as collateral for stablecoins and lending protocols like Ajna (WBTC [https://summer.fi/ethereum/ajna/borrow/TBTC-WBTC#setup] and USDC [https://summer.fi/ethereum/ajna/borrow/TBTC-USDC#setup] pools already live), crvUSD (https://github.com/curvefi/curve-stablecoin/commit/1095e261b9fb9aadedec501a89b2d041bf4a4f00), and thUSD (pending launch). A tBTC-wBTC pair (https://curve.fi/#/ethereum/pools/factory-crvusd-16/deposit) based on the new Curve stableswap implementation is deployed and will be incentivized pending a gauge approval vote. To help drive incentives on Curve, the Treasury Guild has secured a $500,000 OTC allocation of CRV at $0.40/CRV from Curve founder (and NuCypher cofounder + Threshold Councilmember), Michael Egorov. Additionally, a tBTC-wBTC stableswap pair on Balancer has been deployed (https://app.balancer.fi/#/ethereum/pool/0xe4e72f872c4048925a78e1e6fddac411c9ae348a0000000000000000000005bc). The above describes the DAO’s high level strategy. Many of the above priorities fall within the scope and discretion of the Treasury Guild but for anything that requires broader DAO approval, implementation details will be included in followup proposals on the forum. As the only permissionless path to use Bitcoin in DeFi, tBTC remains… inevitable.

🚀 Exciting News Everyone! tBTC Launches On Solana! 🔥The first tokenized Bitcoin is now LIVE on Solana's fast and scalable blockchain. Welcome to a new era of DeFi possibilities for BTC holders! 🛠️ tBTC is now operating across SIX networks, making DeFi more accessible than ever for Bitcoiners, thanks to Threshold DAO, the KEEP team and major strategic integrations. 🫡 Solana x tBTC x Wormhole: Our debut on Solana, with Wormhole bridging the action, marks our first adventure beyond Ethereum! 💧 Liquidity Alert: Orca: Lightning-fast swaps, meet tBTC! Jupiter Exchange: Trade tBTC at top-notch prices on Solana. Meteora: Boost your gains with tBTC LPs here! 🎯 For the yield farmers - Early bird incentives live here! 👀

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:purplethreshold: We’re just getting started! Phase 1 is launching natively on Solana; Phase 2 is set to bring an even smoother minting experience. 🔍 Dive Deeper: Check out our blog for all the details. https://blog.threshold.network/tbtc-launches-on-solana/ ❤️ We would love your support by showing Twitter announcement some love!

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✨ Head over to our dapp and experience tBTC on Solana! https://dashboard.threshold.network/tBTC/mint

Please review the temp check on Snapshot regarding the first part of TIP-54. It reduces the tbtc minting fee to 0.1% and allocates 13M T for minting rebates. If the temp check achieves quorum approval it will move to a formal Governor Bravo proposal.

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🚀 Big News Alert everyone!! 🔥We're excited to announce the launch of tBTC on Base! This marks a significant step toward opening all of DeFi to Bitcoin holders. 🌐 With the power of Base, a robust Layer 2 platform incubated within Coinbase, we're setting a new standard for stability, scalability, and DeFi accessibility. 🔐 The string of tBTC integration announced this year is helping to solve some of the blockchain industry’s biggest challenges: offering interoperability and access to DeFi, coupled with enhanced security, scalability, and financial sovereignty. 🔮 We stand at the dawn of a decentralized era. tBTC is leading the charge into a future where Bitcoin and DeFi form part of a unified cryptographic revolution. 📚 Want to know more? Read about our journey and the future we’re building in our latest blog post! https://blog.threshold.network/navigating-the-future-of-defi-tbtc-launches-on-base/

We are very excited to announce that after years of development, tBTC v2 is now the only decentralized, fully-functioning, 2-way Bitcoin bridge on Ethereum! Welcome to redemptions 💪 Here is a blog summarizing the news, including a walkthrough of the feature, written by Matt Luongo. https://blog.threshold.network/fulfilling-vitaliks-prophecy/

We're thrilled to announce a major milestone in the tBTC protocol: Redemptions are now live! 🚀 This is a monumental moment for Threshold and the entire crypto space. #Bitcoin holders can now permissionlessly transfer and use BTC within the Ethereum DeFi ecosystem.

tBTC is now live on Polygon! Bridge your tBTC to Polygon on the Wormhole Portal here:

www.portalbridge.com

Bid farewell to centralized middlemen and embrace an era of scalable, decentralized ‘Bitcoin, everywhere’ as tBTC expands to Polygon, ushering in new avenues to earn with your BTC on QuickSwap and KyberSwap. Read all about it in our latest blog: https://blog.threshold.network/unleashing-bitcoin-tbtc-launches-on-polygon-powered-by-wormhole/ Join Threshodlers for a Twitter Space tomorrow at 1 p.m. ET to chat about ‘Bitcoin, everywhere’ with Polygon, Wormhole and KyberSwap. Set your reminder here:

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Please help us spread the word by sharing the Polygon launch announcement thread on Twitter:

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gm llamas

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tBTC is now live on Arbitrum! @everyone 📣 🎉 Tour Stop 3 of the tBTC Wrapped Tour is a major milestone, thanks to Wormhole and fueled by Balancer liquidity. We're providing faster transactions, lower fees, and new earning opportunities for BTC holders! More details in our latest blog post. https://blog.threshold.network/tbtc-goes-live-on-arbitrum-powered-by-wormhole-and-fueled-by-balancer-liquidity/ Alongside Balancer, tBTC’s pools are now even more accessible, offering more room for maneuvering within DeFi. Check out tBTC's pools here.

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To celebrate this leap, if you mint tBTC, bridge it to Arbitrum, and deposit it into Balancer. You become eligible to claim a special edition @Galxe OAT NFT! 👀 (More details to follow) Let's keep pushing Bitcoin, Everywhere! 🌐

Tomorrow’s Twitter Space is going to be a bit spicy! ❤️‍🔥 We’ll chat about #Bitcoin everywhere, and then @ThresholdUSD contributors will give the Threshold community a dev update and tell us what’s next for thUSD! 👉 Set your reminder:

Don't miss tomorrow's Twitter Space with @wormholecrypto ! Instead of #BTC on Ethereum, tBTC is becoming #Bitcoin everywhere. Join us and celebrate this monumental integration for #DeFi and #BTC interoperability! Set a reminder: /i/spaces/1lPJqBoWmPWxb

📣 tBTC has arrived: Bitcoin is going everywhere @TheTNetwork DAO has approved a proposal to boost cross-chain Bitcoin liquidity in DeFi by integrating Wormhole & incentivizing the minting of up to 26,000 tBTC.

TIP 51: Coverage Pool Allocation is live on @SnapshotLabs for a temp check:

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t. Coming soon, everywhere.

@MacLaneWilkison outlining the history and future of BTC in #DeFi. @tBTC_project via @TheTNetwork .

Starting in an hour @ETHBoston 👀

The Threshold DAO is running wild at @ETHBoston this weekend! Stop by our booth and say hi to @Crypto_Socrates and @The_Colbosky , and see if you can get your hands on some Threshold swag!

GM! ETH Boston 2023 Conference kicks off today! 2+ stages of amazing keynotes and panels, starting at 10AM EST Find today's schedule below and at

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Feels good to be returning to @ETHBoston after so long 🦞 Excited to be hosting several talks about #tBTC, privacy, and end-to-end decentralization. Here’s our speaker schedule 👇

Happy Monday! We have a whole list of governance updates for everyone! 💜 TIP-047: Liquidity Bootstrappening and Growth Part 2 - PCV has moved to GovernorBravo and voting will go live in ~2 days here:

boardroom.io

TIP-047 Forum Proposal and Conversation: https://forum.threshold.network/t/tip-47-liquidity-bootstrappening-part-2-pcv-governor-bravo/ TIP-048: Liquidity Bootstrappening Part 3: Threshold DAO x Wormhole has moved to Snapshot here:

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TIP-048 Forum Proposal and Conversation: https://forum.threshold.network/t/tip-48-liquidity-bootstrappening-part-3-threshold-dao-x-wormhole/ TIP-049: Restructure the Marketing Guild Committee has moved to Snapshot here:

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TIP-049 Forum Proposal and Conversation: https://forum.threshold.network/t/tip-49-restructure-the-marketing-guild-committee/ TIP-050: Contractor role for a DAO Marketing Lead is live on the forum for discussion here: https://forum.threshold.network/t/tip-50-contractor-role-for-a-dao-marketing-lead/ Information about governance and guides to delegate can be found in the Threshold docs: https://docs.threshold.network/governance/dao-vote-delegation

Hey Everyone! There is a new proposal on our forum TIP 48: Liquidity Bootstrappening Part 3: Threshold DAO x Wormhole. The proposal involves bridging tBTC beyond Ethereum via Wormhole and deepening tBTC liquidity across multiple chains. The proposal outlines major milestones, including the minting of up to 26,000 new tBTC, and aims to cement tBTC as one of the top BTCs used in DeFi. Check out the forum post for more details on the proposal and join the discussion with your thoughts and feedback. https://forum.threshold.network/t/tip-48-liquidity-bootstrappening-part-3-threshold-dao-x-wormhole/571

Hey Threshodlers tBTC is taking Bitcoin holders on a Wrapped Tour to showcase the wonderful world of DeFi! Remember the Vans Warped Tour? It’s kinda nothing like that. Each Tour Stop will be different, but what you can expect is an action-packed campaign to showcase our new partners, features, integrations and more! We are thrilled to offer Bitcoin holders new utility for their sidelined BTC and are looking forward to hitting the road with our community! 🤘

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Happy Friday! Your weekly reminder to upgrade your $NU tokens to $T

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RT @aroundthecoin: Episode 480 Join us in this exciting episode as @mikettownsend sits down with @MacLaneWilkison, a Contributor to @TheTNe…

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Episode 480 Join us in this exciting episode as @mikettownsend sits down with @MacLaneWilkison , a Contributor to @TheTNetwork , to discuss #tBTC, the revolutionary decentralized #Bitcoin bridge to #Ethereum. Watch here:

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#aroundthecoin #podcast #fintech

RT @TheTNetwork: Mint tBTC to be entered to win $500

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Mint tBTC to be entered to win $500

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Throwback to #ETHDenver 2022

Hey @NuCypher & @keep_project I made an analytics dashboard for @TheTNetwork using @DuneAnalytics Please share if you find it useful, cheers! 😉

Attention tBTC node operators! A new version of the v2 client was recently released. Node operators must update to the newest version. You will have until February 27th, 2023 to upgrade; otherwise, you will not be eligible for rewards this month! If you have any questions regarding the upgrade or need help with the process, let us know in #❓troubleshooting channel in Discord

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Over $5 million dollars of #Bitcoin has been bridged to #Ethereum via tBTC since we launched 48 hours ago!

RT @TheTNetwork: We are officially live! 🎉 Introducing tBTC v2’s first mainnet release. Be the first to earn with your #Bitcoin on #DeFi…

#Bitcoin is the most pristine digital asset. It deserves a decentralized financial system that's equally pristine. Today, @tBTC_project starts to deliver on that vision.

We are officially live! 🎉 Introducing tBTC v2’s first mainnet release. Be the first to earn with your #Bitcoin on #DeFi with the industry’s only decentralized and scalable BTC-to-ETH bridge. Mint tBTC now👇

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V2 launch for @tBTC_project on @TheTNetwork finna be lit af Best way to start the year of the 🐰

Happy Friday! A reminder to follow Threshold Network’s twitter if you’re looking for updates on our efforts building privacy preserving tech. 👉 @TheTNetwork

As Threshold’s contributor teams gear up for the much-anticipated release of tBTC v2, a look back at some foundational concepts. 🧵

@mhluongo and @MacLaneWilkison (co-founders of @keep_project & @NuCypher ) chatted with @laurashin on @Unchained_pod about everything tBTC and #Bitcoin bridges. A summary of what was discussed 🧵

Today at 11am EST is the @TheTNetwork community call. The main discussion will be an update on Conditions-Based Decryption (CBD) with @arjunhassard . 👀 here for primer about CBD:

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As always, community calls are happening in

Hey Threshodlers! Join us this Fri, Jan 6 at 11am EST for a Threshold community call for an update on the Threshold CBD (Conditions-based Decryption). Q&A included + claimable OAT for attendees. See you there! 💜

Happy Nu Years and a very happy 1 year anniversary to @TheTNetwork 👏🎉 Looking forward to building in 2023 with @keep_project and the other Threshold Network contributors 🙏

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The Council has funded the vending machines. @TheTNetwork is born 🐣 T meet everyone, everyone meet T. We think you're going to get along great 💜 If you're an early tester and want to upgrade your NU and/or KEEP into T, you can do so here:

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@keep_project

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RT @TheTNetwork: With contributors around the globe, we will take a two-week break for the holidays, and then #Threshold Community Calls wi…

With contributors around the globe, we will take a two-week break for the holidays, and then #Threshold Community Calls will return on Jan 6th with an update from the @NuCypher contributor team on Conditions-Based Decryption (CBD). We hope you have a wonderful holiday season!

Gm ballers. Big updates incoming! There is a new weekly Threshold DAO wide call starting this Friday at 11am ET. We will be discussing the impeding launch of tBTC v2 and Optimistic Minting with Matt. What is Optimistic Minting? Why is it 😍? What does this mean for the DAO? Wen v2? All the alpha drops this Friday in our Discord server so come through to the call there 🤙 P.S. there will be an OAT for attending shoutout Nico.

If you are a tBTC (v1 or v2) LP in any AMM (Curve, mStable, Saddle, etc.) pools with exposure to renBTC, we highly recommend that you withdraw your liquidity immediately and eliminate any exposure to renBTC. As per Ren Labs (https://twitter.com/renprotocol/status/1594640587105378304), the Ren bridge is shutting down imminently and BTC redemptions will be suspended . It's unclear what will happen to the renBTC peg once that happens, but it's very likely to have a significant negative impact and effectively brick any pools with renBTC exposure. The Threshold Treasury Guild is evaluating the deployment of new pools without renBTC shortly.

Haowi & MarsDAO: @TheTNetwork 即将在2023年1月9日上线的 $tBTC v2 ，将会取代 renVM 的 $renBTC ，成为以太坊上最可靠的去中心化比特币——以太坊资产桥 /MarsDAO_/status/1599764354718924800

RT @Weedzykun: 1/ A short thread on #DeFi and what is being built ⚒️🧵 Following the Alameda and FTX catastrophe that shook the industry, t…