Deep Dive
1. tLabs Operational Launch (Q1 2026)
Overview:
Threshold DAO approved TIP-098 in January 2025, allocating a 10% T token mint (~$30M) to fund tLabsâa dedicated team focused on tBTC growth, protocol development, and marketing. Key priorities include expanding tBTC to new chains (e.g., non-EVM networks), improving UX, and launching institutional campaigns.
What this means:
Bullish for T if execution aligns with milestones (e.g., TVL growth). Risks include dilution from the token mint and reliance on tLabsâ ability to deliver under a decentralized governance model.
2. Threshold App-Chain Development (2026)
Overview:
Threshold plans to deploy a dedicated app-chain to simplify cross-chain tBTC integration (source). This would allow direct minting of tBTC on any chain via light clients, reducing reliance on Ethereum and competing with centralized bridges like WBTC.
What this means:
Neutral-to-bullish, as success depends on adoption by ecosystems like Solana or Sui. Technical complexity and competition (e.g., Babylonâs Bitcoin staking) pose risks.
3. BitVM2 Custody Upgrade (2026)
Overview:
A proposed upgrade to Thresholdâs custody model using BitVM2 aims to transition from a permissioned beta staker program to a permissionless 1-of-N system (source). This would enhance decentralization and reduce reliance on centralized signers.
What this means:
Bullish for long-term security and trust minimization, but delays could stall tBTCâs competitiveness against alternatives like Mezo.
4. VE-Style Tokenomics (2026)
Overview:
Threshold explores veT mechanics (vote-escrowed T) where partner chains/protocols burn T to attract BTC liquidity (source). Combined with reduced inflation via TIP-92, this could make T deflationary.
What this means:
Bullish if demand for tBTC rises, but token burns require sustained ecosystem growth to offset sell pressure from DAO treasury diversification.
Conclusion
Thresholdâs 2026 roadmap balances technical upgrades (BitVM2, app-chain) with growth initiatives (tLabs, veT) to position tBTC as Bitcoinâs leading DeFi bridge. Success hinges on executing cross-chain expansion while maintaining decentralization. Will tBTCâs security-first approach outpace competitors in a liquidity-driven market?