TIP 099: Claim tBTC from Bridge Redemption Fees and transfer to the Treasury Guild
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 :
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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:
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Execute the authorization to use the bank balance: increaseBalanceAllowance method (this function)
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Execute the Claim: TBTCVault.mint from the GB address (this function). Once done, that will claim TBTC ERC20 to the GB address.
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Execute the Transfer to the Treasury Guild multisig: TBTC.transfer (this function).
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 John Packel | 125.53M | FOR |
 0x7827...2f9406 | 98.873M | FOR |
 HugeBoar | 36.05M | FOR |
 0xA05B...353337 | 36M | FOR |
 0xD6f7...654197 | 15.706M | FOR |
VOTE POWER
Proposal Status
- Fri January 24 2025, 07:57 amVoting Period Starts
- Sun February 02 2025, 02:38 pmEnd Voting Period
- Tue February 04 2025, 07:58 pmQueue Proposal
- Fri February 07 2025, 12:46 pmExecute Proposal
Current Results
1-FOR
320.719M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens