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closedEnded a year ago ยท Snapshot (Offchain)

TIP-93 part 4: mandatory 30-day delay on fee changes

By 0x8FBC...5c9A71

Following extensive deliberation by Threshold Treasury committee and then the community (see Forum discussion in link below), this is the last of 4 snapshots that cover the facets to be decided (mint fee, redeem fee, Treasury committee authorization, 30-day delay for fee changes), while avoiding inevitable โ€œsplit votesโ€ by trying to combine them.

The Treasury committee recommended a 30-day delayed implementation should TIP-93 be approved, stating: โ€œWe include a 30-day delayed implementation following Snapshot vote results, partly to give the market time to respond and as a consideration for those in favor of continuing the mint fee holidayโ€ฆโ€

In this Forum comment, MrsNuBooty said, โ€œI strongly recommend implementing a mandatory 30-day delay between any decision to adjust fees and their implementation. This gives the market adequate time to respond, ensures fairness to current users, and provides time to communicate changes effectively.โ€ https://forum.threshold.network/t/tip-93-reinstate-tbtc-mint-fee-increase-redeem-fee/987/4?u=johnpackel

**Question: should we impose a mandatory 30-day delay to tBTC fee changes? **

To be clear, if approved this would apply to any fee changes tokenholders may approve in TIP-93 part 1 & part 2 snapshots, as well as future changes.

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0
Votes 14
VoterCast PowerVote & Rationale
0x87B1...A7c257
456.271M

For

0xC4f0...6dB1be
408.519M

For

0xB4d3...0B186a
174.341M

For

0xcE37...6e22Af
125.53M

For

John Packel
125.53M

For

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Proposal Status
  • Fri December 13 2024, 02:16 amVoting Period Starts
  • Fri December 20 2024, 02:14 amEnd Voting Period
Current Results

1-For

1.546B

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