Community Alpha: The first opportunity to earn with tBTC v2 is here - the Saddle pool is open and the LP staking contracts are published! Transition your existing tBTC v1 using the new contracts and saddle up! 🤠

The Saddle pool will be incentivized with KEEP, as the community multisig approved the shift of incentives. If you have tBTC v1, the simplest route to earning in the new pool is to use the transition contracts for tBTC v2, and deposit the v2 token into the pool.
https://saddle.exchange/#/pools/tbtc/deposit

Then follow our LP staking guide to stake your Saddle LP tokens for KEEP rewards: https://forum.keep.network/t/how-to-stake-saddle-tbtc-lps-with-etherscan/335

Still need to transition tBTC v1 to v2? Check out the guide from Chandru:
https://chdru.medium.com/threshold-network-mint-unmint-tbtc-v2-guide-afa44cf20876

With the deployment of Coverage Pools coming soon, the rewards to the KEEP-only pool on the dashboard have been suspended. The rewards will be allocated to incentivize entering Coverage Pools designed to increase tBTC scalability. If you were planning to enter the KEEP-only pool to earn rewards but haven’t made the deposit yet, please wait for the Coverage Pool rewards.

For more information on the incentive shifts and the discussion around them, please see the forum post here: https://forum.keep.network/t/shifting-incentives-towards-tbtc-v2-and-coverage-pools/318

For more information on Coverage Pools and how they will increase scalability, check out our introductory blog about them earlier this year: https://blog.keep.network/introducing-coverage-pools-f47632bb472a

Our most recent blog post is a restatement of our commitment to decentralization through code and math.

When a system is built to be verifiably decentralized and incorruptible by the human hand, it’s an expression of code as free speech. It’s outside the reach of physical, technological, or jurisdictional interference.

So when it comes to crypto bridges - arguably an area where risk of censorship and seizure is real - why are we putting up with platforms with various levels of centralization?

🌉👀

Check out the post here: https://blog.keep.network/real-decentralization-math-e27105304332

The Snapshot on the Threshold DAO has passed with 100% support in both the Keep and NuCypher communities. The signal is strong - both communities are aligned and can achieve more together than separately. Thank you to everyone who submitted their support!

If you would like to review the DAO proposal or get involved with future discussions, head over to https://forum.threshold.network

A new money lego has arrived! We have talked about this in the hypothetical for the past few months, but Coverage Pools are now a reality. The deployment on mainnet is now live with the ability to deposit KEEP and earn rewards while unlocking tBTC safety and scalability. KEEP rewards have also been shifted from the KEEP-only pool to incentivize the use of the new pool.

Want to get into the pool or just explore the process and design behind Coverage Pools? Check our our community member Chandru’s guide to using the new pools for both:
https://chdru.medium.com/keep-network-coverage-pools-deposit-guide-6e55fef39b66

Not only have the coverage pools launched, but the tBTC v2 vending machine contract is now accessible through the Keep Dashboard. Transition your tBTC v1 to v2 without paying additional signer or minting fees or having to dig into etherscan.

Head over to https://dashboard.keep.network/ to check out the new tools!

Join us for a Threshold wide community call this Thursday October 7th (tomorrow) at 2pm ET in the Threshold Discord server! We will primarily discuss:

1️⃣ General project and merge updates
2️⃣ Arj’s new Threshold inflation proposal

Our fren dimsome from mStable will be joining us to talk more about mStable and the tBTC v2 Feeder Pool proposal that is currently up for discussion in their community.

This will be an open discourse but there will also be time at the end for everyone to ask any questions about all things Threshold.

And yes - there will be POAPs 👀

P.S. we are migrating from the Keep discord server to a new Threshold discord server as per the merge with NuCypher. Join the Threshold community 👇

https://discord.gg/QbwGjvq4

Coinbase Pro now supports tBTC 👏 🚀 🔥

Trading is scheduled to begin for everyone tomorrow at 9am PT 👇

https://blog.coinbase.com/function-x-fx-jasmy-jasmy-tbtc-tbtc-and-wrapped-centrifuge-wcfg-are-launching-on-coinbase-5774fa7e9295

We shared the deployments of coverage pools and the tBTC v2 dapp with the community already, but our most recent blog goes into much deeper detail as to how these two blocks fit into the larger vision. Check out the published blog post here:
https://blog.keep.network/tbtc-v2-a-censorship-resistant-btc-bridge-at-100x-scale-199d3a54ab99

Community Snapshot for Threshold's Reward Mechanism: StableYield+

We're rolling through today with a community snapshot for the Threshold network's primary reward mechanism and surrounding architecture. Signal your approval early and help formalize this crucial component of the protocol!

Full proposal and discussion:
https://forum.threshold.network/t/threshold-network-reward-mechanisms-proposal-i-stable-yield-for-non-institutional-staker-welfare/82

Likely parameters at network genesis:
(1) Maximum overall annual nominal inflation of 10%, split across all applications
(2) Stable Yield staking rate threshold of 30% (above which the Stable Yields mechanism kicks in)
(3) Stable Yield anti-dilution constant of 0.5 (only relevant if the staking rate < 30%)

Two options in this proposal:
1. Yes, I support the StableYield+ reward mechanism
2. No, I don't support the StableYield+ reward mechanism

Keep Snapshot: https://snapshot.org/#/keepstakers.eth/proposal/0x9e060a6e15d7f8c6a138f78dc214c2b098065f8ca46a377be392d5224b1c4118

The Keep Community Multisig has officially lowered tBTC C Ratios and turned on the Coverage Pool Risk Manager 👑

Quick reference on new ratios:

150% - mint
105% - courtesy call
101% - liquidation

For a detailed review of what this means for our ecosystem 👀👇

https://medium.com/@keep_project/announcing-lower-c-ratios-tbtc-8e82bc28df02

P.S. if you have not already pls join on us the new merged community Threshold Discord server

https://discord.gg/X5aNjUp7un

Audits, DAO deployment, vending machine contract, staking contract 👀 🟣

The highly anticipated provisional merger timeline is up in blog format. Use this post as a reference for what is left to come until the first ever decentralized protocol merger is complete.

Wen merge? 👇

https://medium.com/@keep_project/a-provisional-timeline-for-the-threshold-merger-7593d5cb3771

Community Snapshots for Threshold Network-Level Emergency Security Developer Multisig (ESDM) Proposal

A new proposal for establishing an Emergency Security Developer Multisig (ESDM) in the Threshold Network was just created in the NuCypher Snapshot space and the Keep Snapshot space, starting in 30 minutes from now and going over 7 days.

TL;DR: The ESDM is a 3-of-4 multisig formed by NuCypher & Keep dev teams and serves as a security mechanism that allows quick reaction to security incidents or critical bugs affecting Threshold's Staking contract. Full proposal and discussion:
https://forum.threshold.network/t/threshold-network-level-emergency-security-developer-multisig-proposal/110

Two options in this proposal:
1. Yes, I support the ESDM proposal
2. No, I don't support the ESDM proposal

Keep Snapshot:
https://snapshot.org/#/keepstakers.eth/proposal/0x14457cbbdaf165cea48ecd26f21f03d6bec73a08a6a1cf10ae8c04c4f60caba4

All legacy KEEP stakes can now upgrade to participate in the Threshold Network

Starting at the end of March, rewards will be sent only to those running PRE on Threshold, with legacy or native T stakes. This means you have until the end of March to upgrade your stake for rewards 🚀

Blog post with full guide on the process 👇

https://blog.threshold.network/keep-legacy-stake-upgrade/

P.S. this is a cross post for increased visibility. As per the merge process we migrated telegram channels. Join us here if you haven't already https://news.1rj.ru/str/thresholdnetwork

The NuCypher Network proxy re-encryption (PRE) service is now the PRE Application on Threshold 💪

NuCypher Version 6.0 is released 🎉

Changes include:

☑️ Integration with Threshold Network staking

☑️ Migration of policies to Polygon

Check out this blog post for detailed steps on staker requirements and the current rewards proposal.

https://blog.threshold.network/stake-migration-pre-nodes/

P.S. this is a cross post for increased visibility. Join us on the Threshold telegram channel for more regular updates if you have not already.

https://news.1rj.ru/str/thresholdnetwork