Proposals

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Proposal

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TIP-072v3: Reduce Redemption Default Delay to 15 Minutes and Introduce Waived Amount parameter


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citizen42.eth

citizen42.eth

ID 733760...0358

ID 733760...0358

Proposed on: Dec 11th, 2025

Proposed on: Dec 11th, 2025

Votes

Actions

Type

Address

Details

Custom

updateWatchtowerParameters(..)

Custom

Account

0xB8dF...E6D3

Method

updateWatchtowerParameters(..)

Proposal

tl;dr

Reduce the default redemption delay from 2 hours → 15 minutes by updating _defaultDelay from 7200 → 900 seconds, and set a 5 BTC waived amount limit so redemptions can finalize faster and offer a better user experience.

Background

The redemption delay exists to provide a buffer for monitoring and validation before a BTC redemption is finalized. As operational processes have matured, a shorter delay improves efficiency and user experience without reducing safety.

A small waived amount threshold allows low-value redemptions to clear immediately while keeping the veto mechanism focused on larger, higher-impact flows.

Proposal

Update the Redemptions Guardian parameters as follows:

  • Update _defaultDelay to 900 seconds (15 minutes).
  • Update _waivedAmountLimit to 5 BTC (500,000,000 sats).

All other Redemptions Guardian parameters remain unchanged from their current values:

  • watchtowerLifetime = 93,312,000
  • vetoPenaltyFeeDivisor = 20
  • vetoFreezePeriod = 2,592,000
  • levelOneDelay = 28,800
  • levelTwoDelay = 86,400

Notes

  • No contract upgrades are required.
  • Only _defaultDelay and _waivedAmountLimit are modified; all other parameters are unchanged.
  • The 5 BTC waived threshold is intended to keep small, routine redemptions frictionless while preserving controls for larger transactions.
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