Executed

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


Proposal ID

733760...0358

Proposed

Dec 11th, 2025

Result details
Final Votes

Quorum

573.17M of 150M

Majority support

Yes

For

573.17M

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0xB8dF...E6D3

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.
Final Votes

Quorum

573.17M of 150M

Majority support

Yes

For

573.17M

Against

0

Abstain

0

Final Votes
Status

Thu Dec 11, 08:48 pm

Published onchain

Sun Dec 14, 06:19 am

Voting period started

Tue Dec 23, 11:51 am

Voting period ended

Tue Dec 23, 12:25 am

Proposal queued

Thu Dec 25, 12:52 am

Proposal executed