Executed
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)
ID 229388...3452
ID 229388...3452
Proposed on: Jun 1st, 2026
Proposed on: Jun 1st, 2026
