Background

tBTC

tBTC is a decentralized wrapped Bitcoin that is 1:1 backed by main-net BTC. Unlike other wrapped Bitcoins, the BTC that backs tBTC is not held by a central intermediary, but is instead held by a decentralized network of nodes using threshold cryptography.

tBTC is trust minimized and redeemable for main-net BTC without a centralized custodian. It can be used across the entire DeFi ecosystem.

tBTC can be used as collateral, liquidity, a store of value, and can be integrated with DeFi apps across all blockchains.

As with other BTC wrappers, tBTC provides cryptocurrency traders and general users with a non-volatile BTC token, that can be used to generate yield whilst holding main-net BTC.

Integrationstwitter

Department of Threshold Efficiency Announces Profitability Pivot for TheTNetwork

Mon 17th Feb 2025
The Department of Threshold Efficiency (DOTE) has announced a strategic pivot aimed at driving profitability for TheTNetwork. This development follows recent leadership changes at Tether, which had previously signaled expansion into new business operations. - DOTE's initiative marks a significant shift in operational strategy - Move aligns with broader industry trends toward sustainable business models - Timing coincides with market developments in the wrapped Bitcoin sector This pivot could impact the network's position in the decentralized finance ecosystem, particularly in relation to Bitcoin-backed assets.
Community article

Threshold Treasury Guild Committee Financial Review

Mon 17th Feb 2025
Wuji from the Threshold Treasury Guild Committee will present crucial 2024 financial data on Friday, February 14, at 9am ET. The presentation will provide essential context for: - DAO restructuring decisions - Future of thUSD - Other strategic initiatives Join the discussion in the Cryptogarden on [Discord](https://discord.gg/threshold). **Meeting Details:** - Date: Feb 14, 2024 - Time: 9am ET - Location: Discord - [Event Link](https://discord.gg/dsedTKZT?event=1339639821332905985)

tBTC Bridge Activity Reaches Record Levels in Early 2025

Thu 13th Feb 2025
tBTC is experiencing unprecedented growth in bridge velocity and burn revenue in early 2025. The protocol has demonstrated significant adoption metrics: - Over 18,000 BTC has flowed through the system - Setting new records for bridge velocity - Establishing itself as a key permissionless Bitcoin on/off-ramp The protocol continues to gain traction as a low-slippage solution for Bitcoin bridging. Performance data and flow metrics are publicly trackable via [Dune Analytics](https://dune.com/queries/3524025/5926179). *Key Highlight*: tBTC's growth demonstrates increasing demand for permissionless Bitcoin bridging solutions.
Community article

TIP-100: The Future of Threshold Governance Proposal

Thu 6th Feb 2025
A series of governance proposals discussing Threshold's future direction is currently active on Snapshot. The latest iteration, TIP-100, follows previous proposals TIP-098 and discussions about ending $T token inflation. - Voting is now live on Snapshot platform - Proposal continues previous governance discussions - Addresses token economics and protocol future Community members can participate in voting through the [Snapshot platform](https://snapshot.box/#/s:threshold.eth/proposal/0x37e4917f506d716e00f74d7aa2252fbe0a028c3c3df9432bbc57c5c3a90f3c91).

tBTC Integration Coming to Aave v3 on Arbitrum

Thu 13th Feb 2025
Decentralized Bitcoin solution tBTC is being integrated into Aave v3 on the Arbitrum network. This development follows a governance proposal from November 2024 that sought to onboard tBTC as a supported asset. - Integration enables using tBTC as collateral on Aave - Allows users to earn yield on Bitcoin through DeFi - Maintains Bitcoin's decentralization principles The integration represents a significant step for Bitcoin DeFi interoperability, offering users a decentralized way to use BTC in lending protocols. [View Governance Proposal](https://governance.aave.com/t/temp-check-onboard-tbtc-to-aave-v3-on-arbitrum)

Threshold Governance Alert: TIP-93 Fee Structure Changes

Mon 16th Dec 2024
**Four key proposals are up for vote regarding tBTC fees:** - Part 1 & 2: New mint and redeem fee structure - Part 3: Proposal to give Treasury Guild Committee 6-month discretion over fee adjustments - Part 4: Implementation of mandatory 30-day delay for all fee changes All approved changes will take effect after a 30-day period. Community members can now vote on these proposals through Snapshot governance platform. **Key Impact:** These decisions will shape tBTC's fee structure and governance flexibility moving forward.
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