Loading...
Market
Will the Threshold Network's $36.5M merger proposal for WBTC be accepted by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcement from Threshold Network or BitGo
Story
Threshold Proposes $36.5M Merger to Make WBTC 1:1 Redeemable
Aug 29, 2024, 05:19 PM
A proposal has been made to address the trust crisis surrounding Wrapped Bitcoin (WBTC) by merging it with the Threshold Network's tBTC project. The plan involves minting approximately $36.5 million in T tokens, representing 15% of the T supply, which would be vested to BitGo. In exchange, BitGo, along with existing merchants and the WBTC DAO, would transfer WBTC mint, redeem, and freeze privileges and custody to Threshold. This proposal aims to make WBTC and tBTC redeemable on a 1:1 basis, potentially stabilizing the WBTC ecosystem.
View original story
Similar markets
Approved without modifications • 25%
Approved with modifications • 25%
Rejected • 25%
Postponed • 25%
tBTC • 25%
renBTC • 25%
sBTC • 25%
Other • 25%
BitGo • 25%
Coinbase • 25%
Justin Sun • 25%
Other • 25%
Less than 20 • 25%
20 to 50 • 25%
51 to 80 • 25%
More than 80 • 25%
BNB Chain • 25%
Avalanche • 25%
Ethereum • 25%
Other • 25%
