Pending execution

Claim tBTC from Bridge Fees (Routine Execution)


Proposal ID

288288...8456

Proposed

Jul 17th, 2026

Result details
Final Votes

Quorum

554.62M of 167.32M

Majority support

Yes

For

554.62M

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x65Fb...9Fc6

increaseBalanceAllowance(..)

Custom

Account

0x65Fb...9Fc6

Method

increaseBalanceAllowance(..)

Custom

0x9C07...E3CD

mint(..)

Custom

Account

0x9C07...E3CD

Method

mint(..)

Custom

0x1808...3a88

transfer(..)

Custom

Account

0x1808...3a88

Method

transfer(..)

Proposal

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.
Final Votes

Quorum

554.62M of 167.32M

Majority support

Yes

For

554.62M

Against

0

Abstain

0

Final Votes
Status

Fri Jul 17, 03:09 pm

Published onchain

Sun Jul 19, 11:37 am

Voting period started

Sun Jul 26, 10:55 am

Voting period ended

Mon Jul 27, 07:23 am

Proposal queued

Execute proposal