Executed
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)).
Result details
Final Votes
Quorum
809.55M of 150M
Majority support
Yes
For
809.55M
Against
0
Abstain
0
Final Votes
Quorum
809.55M of 150M
Majority support
Yes
For
809.55M
Against
0
Abstain
0
Final Votes
Status
Sat Jul 19, 05:31 am
Voting period started
Mon Jul 28, 11:04 am
Voting period ended
Sat Jul 26, 09:13 pm
Proposal queued
Tue Jul 29, 05:17 pm
Proposal executed