Executed

TIP-94: Mint 3 months of staking rewards


ID 254969...6368

ID 254969...6368

Proposed on: Dec 20th, 2024

Proposed on: Dec 20th, 2024

Votes

Actions

Type

Address

Details

Custom

0xCdF7...beE5

mint(..)

Custom

Account

0xCdF7...beE5

Method

mint(..)

Proposal

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

Votes
Status