Threshold Network

Proposal The DAO has invested significant resources, time, and expertise into developing the thUSD protocol. It synergizes well with tBTC and has substantial potential for economic growth (for reference, Liquity’s revenue to date exceeds $34 million) and significant impact on the DAO.

Currently there are too few individuals focused on matters specifically related to thUSD. For example, ongoing internal discussions suggest the need to hire a dedicated individual for product marketing of the thUSD product. Equally important is delving into the details of Liquity version 2, exploring options to enhance the protocol, and considering the addition of an interest rate.

It is clear there is a need for a dedicated group that discusses, decides, and oversees the thUSD protocol. This proposal will let the DAO decide on the creation of a DAO-empowered thUSD steering committee.

Suggested Structure and Responsibilities of the Committee This oversight committee would be a group of five active cross-guild DAO members that would be responsible for:

Steering the protocol

• Overseeing Growth & Development roles in their intersection with thUSD
• Discussing and deciding on overall protocol strategy, roadmap, focus and resource allocation
• Appointing, monitoring and reviewing the activities of a new thUSD Product Marketing role (separate proposal) and/or any other needed role.