Executed

TIP 099: Claim tBTC from Bridge Redemption Fees and transfer to the Treasury Guild


ID 745333...1079

ID 745333...1079

Proposed on: Jan 22nd, 2025

Proposed on: Jan 22nd, 2025

Votes

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

Tldr

Claim ~10 tBTC from Bridge Redemption Fees and transfer to the Treasury Guild.

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 as POL these fees should get claimed as tBTC ERC20 and transferred to TTG multisig wallet, as it was already performed successfully back in July 2024 under TIP-82

Proposal

This proposal aims to include the transactions necessary to :

  • claim the tBTC obtained as redemption fees and transfer them to the TTG 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)

  • Execute the Claim: TBTCVault.mint from the GB address (this function). Once done, that will claim TBTC ERC20 to the GB address.

  • Execute the Transfer to the Treasury Guild multisig: TBTC.transfer (this function).

Votes
Status