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Threshold · Threshold Network

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TACo makes access control easy with an intuitive API, flexible architecture, and
a free-to-use Testnet. All you need is a use case that involves private data,
and where trusting an intermediary won't fly.

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Access to data encrypted via TACo is managed by groups of independent Threshold
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the developers not to decrypt sensitive data.

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Access control groups are sampled from a live, battle-tested &
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MAKE THE MOST OF YOUR T TOKENS ON THE THRESHOLD NETWORK BY PARTICIPATING IN DAO
GOVERNANCE.

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HARNESS THE POWER OF THRESHOLD

THRESHOLD LEVERAGES THRESHOLD CRYPTOGRAPHY TO PROTECT DIGITAL ASSETS BY
DISTRIBUTING OPERATIONS ACROSS INDEPENDENT PARTIES, REQUIRING SOME THRESHOLD
NUMBER OF THEM (T-OF-N) TO COOPERATE.

About Threshold

Decentralized

Threshold utilizes a network of independent nodes to provide threshold
cryptographic services without a central authority.

Secure

Splitting cryptographic operations across nodes increases security and
availability and reduces trust assumptions. Threshold is audited by the best
firms in the space.

Private

Cryptographic protocols eradicate the trust burden forced on end-users and
ensure privacy on the public blockchain.


THRESHOLD IS RUN BY AN ACTIVE COMMUNITY.

The Threshold DAO is a decentralized community of T token holders and their
delegates who collectively vote to decide what's next for the network.

About Governance


CURRENT PROPOSALS

TIP-077 Fund request to Threshold Pool: every holders can stake T

Apr 2024 · delightlabs_io

--------------------------------------------------------------------------------

# TIP-077 Fund request to Threshold Pool application: every holders can stake T
### TIP Number and Title: TIP-077 ### Vote Type: Token Holder Governor Bravo ###
DAO Elected Representative Sponsor: Luna5, Ashley # Introduction The proposal
addresses challenges faced by limited T token activities due to staking
limitations. To overcome this, the proposal suggests developing a proxy contract
within the T network that can calculate staking contributions from multiple
individuals under one account. It includes fair measurement and distribution
logic within the contract, request audits to ensure integrity, and develop a
staking dashboard UI for easy delegation would enhance accessibility, ultimately
fostering a more vibrant ecosystem.
**![|602x339](upload://wx8hqqX406uDWISWITIMknjlEKe.jpeg)**
**![|602x339](upload://wOZUmXPJUf5lRhZ2UvtXqn4cMHp.jpeg)** # Pain Points * Small
shareholders holding less than 40,000 T tokens cannot participate in staking *
Token utilization faces hurdles because one account cannot receive staking from
multiple individuals. * Participating in staking becomes challenging for those
without development knowledge as stakers must personally operate nodes.
**![|602x339](upload://jbTb47hr3SmPZF8g0HluaytEU8u.jpeg)** # Solution The
staking system ideas from DPoS projects are adopted. * A proxy contract capable
of calculating staking contributions from multiple individuals under one account
will be developed and open to public for anyone to use. * The contract includes
a logic to measure and distribute rewards on a monthly basis, with binaries or
scripts to execute this process. * Request audits to ensure the proper
development of the above logic. * A Staking dashboard UI will be developed to
allow T holders to easily monitor the uptime of nodes operating on this contract
and delegate their stakes accordingly.
**![|602x339](upload://hQ8EjvJ7i5oGGpZfTHwSSdYhER0.jpeg)** # Contract Operation
## Basic introduction * The contract is already developed and is currently being
operated on[ the contract
0xC1d2fddF9AbE7b3B56d97729139D1f46bD0DA530](https://etherscan.io/address/0xC1d2fddF9AbE7b3B56d97729139D1f46bD0DA530).
It only needs some enhancements and audits. * A node operator needs 40,000 T
tokens staking for node operation. * Basically, a user's monthly reward is
calculated by the formula above ## Detail description ### Limitation of the
current T staking contract * In case of staking, it is applied immediately by
holder request. * In case of unstaking, unstaking delay(unauthorization delay)
counts from the unstaking request, and neither additional staking nor unstaking
is possible. ### Staking and distribution logic of T pool contract * User
staking/unstaking requests are aggregated and executed once monthly. * If
staking amount > unstaking amount: * Stake the difference between staking and
unstaking amounts. * The remainder changes as claimable for unstakers. * If
staking amount < unstaking amount: * Executes unstaking for the remainders *
Staking requests initiated after the unstaking delay cannot apply to the pool.
Instead, distribute the staking reward to new stakers in place of the unstakers.
* Unstaking requests cannot proceed if the current pool is in an unstaking
state. * A snapshot of current staking/unstaking statuses is taken at 00:00 UTC
on the last day of each month. * The default reward distribution ratio is Staker
: Operator : DAO = 89% : 10% : 1%. The DAO portion remains fixed, while node
commission is adjustable by node operators. * Additional features include: * A
node operator can register or remove Threshold applications. It affects the
unauthorization delay of each node * Unauthorization delay is calculated
automatically upon Threshold application addition or removal.
**![|602x339](upload://5rk7nhrMjp6gH46GJWYkIIYxHwm.jpeg)** # Development items
## Contract * Add T DAO reward portion * Implement additional settlements within
the period * Assumed the merkle distribution executed once per month. * However,
occasional instances of merkle distribution may occur due to discrepancies in
distribution amounts or bonus allocations. * Implement to enable additional
allocations within the period in spite of once settlement has been performed. *
Implement monthly snapshot scheduler * Request an audit ## Product: Node
dashboard * Display of statistics: * Uptime * Apps integrated within Threshold.
* Unauthorization delay (Unstaking delay) * Total staking amount of the
operator. * Self-staking ratio of the operator * Staking/unstaking amounts
requested for the next period. * Staking/Reward Statistics * Estimated reward
based on the previous month's reward * User's staking ratio compared to total
staking * Staking interface * Claim interface * Wallet integration options *
Metamask-compatible wallets * Taho (https://taho.xyz/) #
![|602x339](upload://xjqbhGfeKpvb7EkSH1ePKB8Zyqh.jpeg) # Roadmap ## Design * D+1
weeks: Design research * D+2 ~ D+3 weeks: Brief design, fix displaying contents
* D+4 weeks: Finalize layout. ## Frontend * D+1 ~ D+4 weeks: Component
development * D+5 ~ D+7 weeks: Logic and layout development * D+8 weeks: QA ##
Contract * D+1 week: Development of enhancements * D+2 weeks: Initial Audit *
D+3 to D+5 weeks: Feedback and confirmation audit, deployment of upgrades. #
Budget Total USD 40K * It includes the audit and a part of the development cost
* We'll make the rest of the development cost from the commission # Future plan
* List more operators and make users can choose their staking nodes * Make the
staked share as a liquid staking token (would be ERC721) * Make the contract as
factory form and any operator can get their proxy account by factory contract
execution * Easy to get the operator list easier way in the dashboard side *
Easy to get the proxy account of the operator side
View Proposal

TIP-067 Part 1 - Add Professional Node Operators to Beta Staker Program

Dec 2023 · sap

--------------------------------------------------------------------------------

### Tl;dr The goal of this proposal is to add 5 professional node operators to
the tBTC Beta Staker program by delegating DAO-owned T. ### Background tBTC
currently relies on a permissioned group of node operators, referred to as "Beta
Stakers", to secure the wallets that contain the BTC that backs tBTC. These
nodes are highly reliable, and stake a significant amount of T. An increase in
the number of Beta Staker nodes will improve system decentralization through an
increase in the geographic dispersion of Beta-Stake operators, and the
distribution of key shares created by the “Distributed Key Generation” (DKG)
ceremony. The goal of Part 1 of TIP-067 is to increase the Beta Staker set from
20 to 25 nodes, and T staked across the Beta Staker nodes by 150M T. ###
Proposal The tBTC development team will vet and select 5 professional node
operators from applications via this forum to be added to the Beta Staker
permissioned group. These nodes will be delegated T to their node from the DAO
treasury. ### Duration New Beta Stakers will be required to run their respective
nodes until the conclusion of the Beta Staker program, or for a minimum of 12
months, whichever is sooner. It is not possible to exit the Beta Staker program
once added, which means that operators must continue to participate until the
retirement of the program. ### Requirements Operators of Beta Staker nodes are
expected to be extremely responsive, especially in regards to upgrades requested
by software contributors. Ideally, they should be able to upgrade their nodes
within 24 hours of notification. Operators of Beta Staker nodes must be
technically capable. They are responsible for ensuring high availability (more
than 96% uptime) and security of the node. A Beta Staker node performs more
computationally expensive operations (DKG, threshold signing, etc) compared to a
standard Threshold node. To ensure a high level of service, a Beta Staker node
requires a machine with: * 4 CPUs * 4 GB of RAM * 1 GB of persistent disk space
* 80 Mbps of network bandwidth * Linux OS Additional documentation can be found
here: [https://docs.threshold.network/staking-and-running-a-node/tbtc-Beta
Stakers-program](https://docs.threshold.network/staking-and-running-a-node/tbtc-beta-stakers-program)
### TACo - Additional Application Threshold Network has two applications that
operate on its security model: tBTC and TACo. Beta Stakers that choose to run an
additional VPS for a TACo node with their delegation to receive an additional
25% payment. Details on also running a TACo node, to receive 100% of the
available remuneration, instead of 75%, can be found here:
https://docs.threshold.network/staking-and-running-a-node/running-a-node/self-managed/pre-node-setup.
### Criteria for Selection Eligibility requirements are strict due to the high
uptime requirement, and only the best applicants will be selected. Operators
must: * Have a demonstrable history of professional validator services. * Submit
a written application via this forum with the following details: * Company name
* Company website * Company description * Country of operation * Relevant
experience * Description of solution design * Description of backup and security
principals * Will you participate with both tBTC & TACo? Y/N * Do you commit to
participating as a Beta Staker for a minimum of 12 months? Y/N * Be familiar
with Threshold Network and tBTC architecture. The DAO will reimburse Ethereum
transaction fees (in ETH) directly to the respective operator addresses on a
monthly basis. ### Delegation and Terms The DAO will delegate 30M T to each
successful applicant. Successful operators will receive a $1,500 USD/month
payment for participating in the Beta Staker program. If the provider chooses to
run a TACo node in addition to tBTC, the monthly payment will be $2,000
USD/month. Additional terms: * Payment terms are subject to nodes meeting the
96% uptime requirement in the month prior. Uptime below the minimum will result
in forfeiture of that month’s payment. * Payments will be made in T in
accordance with the T/USD price at 10am UTC on the final day of the month, as
reported by CoinGecko. * Cost for the program will be covered by staking rewards
generated from the delegated T. * T rewards will be claimable by the Treasury
Guild and distributed accordingly. * Any excess T generated above the cost of
the program will be burned. ### Indicative Timeline * Nominations Period -
December 13th - December 27th * Candidate selection period - December 27th -
January 3rd * Technical setup and troubleshooting - January 3rd - January 17th *
Treasury Guild Delegation Execution - January 18th * New Beta Stakers added
incrementally - January 19th - onward
View Proposal

TIP-067 Part 2 - Add Community Nodes to Beta Staker Program

Dec 2023 · sap

--------------------------------------------------------------------------------

### Tl;dr The goal of this proposal is to add 10 community node operators to the
tBTC Beta Staker program. ### Background tBTC currently relies on a permissioned
group of nodes, referred to as "Beta Stakers", to secure the wallets that
contain the BTC that backs tBTC. These nodes are highly reliable, and stake a
significant amount of T. The goal of Part 2 of TIP-067 is to expand the Beta
Staker by adding 10 additional community run nodes, and T staked across the beta
staker nodes by 400M T. An increase in the number of beta staker nodes will
increase the geographic dispersion of beta-stake operators, and also increase
the distribution of key shares during DKG ceremony to improve system
decentralization. ### Proposal The tBTC development team will vet and select 10
community node operators from applicants via this forum to be added to the Beta
Staker permissioned group. ### Duration New Beta Stakers will be required to run
their respective nodes until the conclusion of the Beta Staker program, expected
to occur within 12 months. It is not possible to exit the Beta Staker program
once added, which means that operators must continue to participate until the
retirement of the program. ### Requirements Operators of Beta Staker nodes are
expected to be extremely responsive, especially in regards to upgrades requested
by software contributors. Ideally, they should be able to upgrade their nodes
within 24 hours of notification. Community applicants will be vetted for
demonstrable uptime via a review of historical T rewards, led by the
Integrations Guild. Operators of Beta Staker nodes must be technically capable.
They are responsible for ensuring high availability (more than 96% uptime) and
security of the node. A Beta Staker node performs more computationally expensive
operations (DKG, threshold signing, etc) compared to a standard Threshold node.
To ensure a high level of service, a Beta Staker node requires a machine with: *
4 CPUs * 4 GB of RAM * 1 GB of persistent disk space * 80 Mbps of network
bandwidth * Linux OS Other requirements include: * At least 1 year of historical
uptime OR strong community presence and technical skills. * A minimum stake of
40M T, directly owned or delegated. Additional documentation can be found here:
[https://docs.threshold.network/staking-and-running-a-node/tbtc-Beta
Stakers-program](https://docs.threshold.network/staking-and-running-a-node/tbtc-beta-stakers-program)
The DAO will reimburse Ethereum transaction fees (in ETH) directly to the
respective operator addresses on a quarterly basis. ### Payment The DAO will
make a payment of $1,500 USD/month to each community participant to cover
additional overheads. Additional terms: * Payment terms are subject to nodes
meeting the 96% uptime requirement in the month prior. Uptime below the minimum
will result in forfeiture of that month’s payment. * Payments will be made in T
in accordance with the T/USD price at 10am UTC on the final day of the month, as
reported by CoinGecko. * Cost for the program will be covered by staking rewards
generated from the delegated T in TIP-067 Part 1. * T rewards will be claimable
by the Treasury Guild and distributed accordingly. ### Indicative Timeline *
Nominations & Discussion Period - December 13th - December 27th * Candidate
selection period - December 27th - January 3rd * Technical setup and
troubleshooting - January 3rd - January 17th * Treasury Guild Delegation
Execution - January 18th * New Beta Stakers added incrementally - January 19th -
onward
View Proposal

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