The mStable Community Votes for tBTC v2

We’re excited to announce that the mStable community has voted 100% “yes” to support tBTC v2. Users on the decentralized, community driven ecosystem will get to participate in the construction of a truly trustless and scalable BTC bridge.

The integration will include the creation of a new tBTC v2 Feeder Pool with incentives from the tBTC v1 Feeder Pool switching over to the new one. Likewise, the Threshold community will explore adding extra incentives to the pool. When the DAO launches, it will hold 10% of the total supply in its treasury which can be used at the discretion of the community.

This process has been an excellent example of a DAO based community-to-community collaboration:

First, Will Rhodes and Eastban from the Threshold community worked with dimsome, derc and 0xPenguin0x from mStable to create a temperature check post on the mStable forum. The post received enough positive support from the community to be moved to a ProtocolDAO ratification vote.

Then, a second proposal was created. The ProtocolDAO voted in favor of the proposal at which point dimsome was invited to speak about mStable and the potential of this integration at the Threshold community call.

Finally, the proposal was put up to a mStable community snapshot where it passed with overwhelming support. This completed an organic, community-driven integration process that showcased the possibilities opened by a collaboration between two DAOs .

Both communities will now benefit from participating in each other’s ecosystem. The mStable community also hosted a tBTC v2 AMA to inform members on all the details and opportunities resulting from the integration.