Threshold

<h2 id="header-0">Celebrating 2 years of Threshold</h2><h2 id="header-1">TACo launched!</h2><p>We are excited to share that Threshold Network’s second major cryptographic service – Threshold Access Control, affectionately dubbed <strong>“TACo” – is now live and featured on the staker dashboard</strong>! TACo enables end-to-end encrypted data sharing and communication, removing the need to trust a centralized authority or entity who might unilaterally deny service or even surreptitiously decrypt private end-user data.</p><p>You can now authorize <a href="https://dashboard.threshold.network/staking?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">stake to the TACo app</a>, bond your TACo operator address (generated during <a href="https://docs.threshold.network/staking-and-running-a-node/taco-node-setup?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">node setup</a>) to your provider address (your wallet for compensation), and optionally <a href="https://docs.threshold.network/staking-and-running-a-node/taco-node-setup/taco-authorization-and-operator-registration/one-off-commitment-bonus?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">choose a token lock-up duration</a> to receive the corresponding yield bonus – <em><strong>note bonus deadline is Jan 15th.</strong></em> Please see the <a href="https://discord.com/channels/866378471868727316/870384195636199455/1186767655651250246?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">announcement in Discord</a> for full details and links.</p><p>NuCypher – the team behind TACo – is hiring a Solutions Engineer to own &amp; improve the <a href="https://github.com/nucypher/taco-web?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">taco-web</a> API &amp; library. Developers with experience in Typescript, React, React Native &amp; smart contract libraries (e.g. viem, Ethers.js) should check out the <a href="https://docs.google.com/document/d/19ucRPVuGefmarH9qetIdpVJvH0i4v8CT__mh64Ftr-w/edit?usp&#61;sharing&amp;utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">job description</a>.</p><h2 id="header-2">tBTC fee holiday</h2><p>Whether you&#39;re a long-time tBTC user or just getting started, there&#39;s never been a better time to explore decentralized bridging from Bitcoin to Defi. Each holiday season, Bitcoin conversations spark lively debates and laughter among friends and family of the crypto community.</p><p>This year, let&#39;s bring tBTC into the mix! The <strong>tBTC mint and redemption fees are set to 0% until February 10th</strong>. We&#39;re excited to see how this tBTC fee holiday will energize the Bitcoin DeFi community. Uncover the vast opportunities to put your tBTC to work for you! <a href="https://linktr.ee/earnyield?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">Explore 6 chains, 15 protocols and over 50 pools</a>!</p><h2 id="header-3">“State of Bitcoin” report published by Thesis*</h2><p>With sections covering market fundamentals, scaling BTC, mainstream use cases, the rise of Ordinals, BTC &amp; DeFi and the road ahead, <a href="https://x.com/thesis_co/status/1735012733794287684?s&#61;20&amp;utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">this extensive report</a> is filled with deep insights, unique stats and analysis – providing Bitcoin investors, users and first-time buyers with comprehensive knowledge for navigating the dynamic BTC landscape confidently.</p><p><img src="https://media.beehiiv.com/cdn-cgi/image/fit&#61;scale-down,format&#61;auto,onerror&#61;redirect,quality&#61;80/uploads/asset/file/ec3c391d-f42e-4419-9127-cdf9c6e9aac3/Screen_Shot_2024-01-04_at_3.56.38_PM.png?t&#61;1704402223" /></p><h2 id="header-4">NETWORK &amp; GOVERNANCE UPDATES</h2><p>Legacy NU &amp; KEEP Staking support has ended, per <a href="https://forum.threshold.network/t/tip-063-drop-support-for-legacy-staking/713?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">Threshold Improvement Proposal 63</a>. See the <a href="https://forum.threshold.network/t/transition-guide-for-legacy-stakers?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">Transition Guide for Legacy Stakers</a> for all of the important information you need to make a seamless transition to Threshold Staking.</p><p><a href="https://forum.threshold.network/t/rfc-12-implementation?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">RFC 12 Implementation</a> is an important discussion about tBTC development. Two new proposals are actively being discussed on the Threshold forum to grow the tBTC beta operator set:</p><ul><li>TIP-067 Part 1 - <a href="https://forum.threshold.network/t/tip-067-part-1-add-professional-node-operators-to-beta-staker-program?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">Add Professional Node Operators to Beta Staker Program</a></li><li>TIP-067 Part 2 - <a href="https://forum.threshold.network/t/tip-067-part-2-add-community-nodes-to-beta-staker-program?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">Add Community Nodes to Beta Staker Program</a></li></ul><p>Contractor role for a full-stack developer. <a href="https://forum.threshold.network/t/tip-068-contractor-role-for-senior-full-stack-developer-role-front-end-oriented/761?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">TIP-68</a> proposes that Threshold DAO fund a Senior Full-Stack Developer role with a front-end focus, to be filled by Evandro Saturnino, who led UI/UX development for thUSD. With ongoing expansion of Threshold Network’s projects, there’s a need for robust front-end development coupled with reliable back-end integration. The role aims to enhance the application’s usability, design, and back-end integration for the Threshold projects.</p><p>December staking rewards are claimable in the Threshold dashboard. Please note that December was the last month for PRE rewards distribution, as TACo has superseded the Proxy Re-encryption app. Stakers are invited to authorize TACo in the dashboard, and per TIP-62 to incentivize longer staking commitments at genesis, stakers can choose extended token lock-up periods and <a href="https://docs.threshold.network/staking-and-running-a-node/taco-node-setup/taco-authorization-and-operator-registration/one-off-commitment-bonus?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">receive a commensurate bonus</a>. This deadline to commit to a token lock-up extension is January 15th, 2024 (UTC 00:00).</p><h2 id="header-5">AROUND THE DAO</h2><p>With the tBTC fee holiday in full swing, it’s a great time to see the Solana community rallying around Threshold. Matt Luongo, CEO and Founder of Thesis, joined the Validated and Solfate podcasts to chat about Bitcoin on Solana.</p><p>Beefy Finance offered a limited-time boost of Optimism’s OP tokens for the Velodrome <a href="https://app.beefy.com/vault/velodrome-v2-wbtc-tbtc?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">tBTC / WBTC pool</a>.</p><p>Threshold had a <a href="https://x.com/TheTNetwork/status/1726665535549804669?s&#61;20&amp;utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">presence at ETH Global Istanbul</a> and showcased TACo, including in the hackathon:</p><p><img src="https://media.beehiiv.com/cdn-cgi/image/fit&#61;scale-down,format&#61;auto,onerror&#61;redirect,quality&#61;80/uploads/asset/file/e83d1ab2-883f-479d-9ddd-2068fb4abc18/Screen_Shot_2024-01-08_at_10.36.41_AM.png?t&#61;1704728241" /></p><p>NuCypher’s David Nunez did a demo and code review for TACo (Threshold Access Control) for ETH Global Istanb!</p><react-video url="https://www.youtube.com/watch?v&#61;O5_eso5tN8s&amp;embeds_referring_euri&#61;https%3A%2F%2Fnewsletter.threshold.network%2F&amp;source_ve_path&#61;MjM4NTE&amp;feature&#61;emb_title"></react-video><p></p><h2 id="header-6">ICYMI</h2><p>Discover the insights in our latest blog posts:</p><p><img src="https://media.beehiiv.com/cdn-cgi/image/fit&#61;scale-down,format&#61;auto,onerror&#61;redirect,quality&#61;80/uploads/asset/file/41b806c2-0ba1-418d-a578-eeca76c9b3b6/2A173BF9-829F-4EF2-BE32-5A1F09D9680F.png?t&#61;1702574173" /></p><p><a href="https://blog.threshold.network/harnessing-the-tbtc-sdk-empowering-your-projects-with-bitcoin/?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">Launching the tBTC SDK</a></p><p></p><p><img src="https://media.beehiiv.com/cdn-cgi/image/fit&#61;scale-down,format&#61;auto,onerror&#61;redirect,quality&#61;80/uploads/asset/file/d7fed594-e34e-4c53-916a-8dde01752d25/IMG_1066.png?t&#61;1704474921" /></p><p><a href="https://blog.threshold.network/introducing-the-tbtc-sdk-bounty-program/?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">We are thrilled to announce the tBTC SDK Bounty Program!</a></p><p></p><p><img src="https://media.beehiiv.com/cdn-cgi/image/fit&#61;scale-down,format&#61;auto,onerror&#61;redirect,quality&#61;80/uploads/asset/file/425693f8-b072-414c-a49f-4a4897460171/496BF774-A98F-4F8C-9E32-71294E261DC0.png?t&#61;1701987042" /></p><p><a href="https://blog.threshold.network/threshold-at-devconnect/?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">Threshold Network at Devconnect Istanbul</a></p><p></p><p><img src="https://media.beehiiv.com/cdn-cgi/image/fit&#61;scale-down,format&#61;auto,onerror&#61;redirect,quality&#61;80/uploads/asset/file/3543e194-cad4-4333-aee3-4c0e05ffb8d8/353511A2-10AF-496D-B8E8-B38E789BF389.png?t&#61;1701986850" /></p><p><a href="https://blog.threshold.network/pioneering-the-future-of-music-justin-holmes-blockchain-bluegrass-record-vowel-sounds-successfully-revealed-using-threshold-network/?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">A Strategic Move: Solana’s Mango DAO implements tBTC as part of its treasury diversification program</a></p><p></p><p><img src="https://media.beehiiv.com/cdn-cgi/image/fit&#61;scale-down,format&#61;auto,onerror&#61;redirect,quality&#61;80/uploads/asset/file/1dadd2f6-1aee-4a32-af67-4e101611987b/1C470ABA-F04B-46C4-9AC3-311C93EAD030.png?t&#61;1701986756" /></p><p><a href="https://blog.threshold.network/pioneering-the-future-of-music-justin-holmes-blockchain-bluegrass-record-vowel-sounds-successfully-revealed-using-threshold-network/?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">&#39;Blockchain Bluegrass&#39; Record &#39;Vowel Sounds&#39; Successfully Revealed Using Threshold Network</a></p><p></p><p><img src="https://media.beehiiv.com/cdn-cgi/image/fit&#61;scale-down,format&#61;auto,onerror&#61;redirect,quality&#61;80/uploads/asset/file/31b56c79-03c7-490e-ae86-519a7763c8f0/2C640994-2FDD-48AF-AA84-71EBD862667A.png?t&#61;1701987743" /></p><p><a href="https://blog.threshold.network/the-ultimate-meritocracy/?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">The Ultimate Meritocracy: A Fundamental Change in Employment</a></p><h2 id="header-7"></h2><h2 id="header-8">ADDITIONAL RESOURCES</h2><ul><li>Website: Threshold.Network</li><li>Threshold dApp: <a href="https://dashboard.threshold.network/tBTC/how-it-works?utm_source&#61;newsletter.threshold.network&amp;utm_medium&#61;referral&amp;utm_campaign&#61;taco-bonus-0-fees-on-tbtc-mint-redeem-2-years-of-threshold" rel="noopener noreferrer nofollow">tBTC Dashboard</a></li><li>Discord: Threshold</li><li>X (Twitter): <a href="https://twitter.com/TheTNetwork?utm_source&#61;thresholdnetwork.beehiiv.com&amp;utm_medium&#61;newsletter&amp;utm_campaign&#61;issue-9-december-2022" rel="noopener noreferrer nofollow">TheTNetwork</a></li><li><a href="https://github.com/threshold-network/?utm_source&#61;thresholdnetwork.beehiiv.com&amp;utm_medium&#61;newsletter&amp;utm_campaign&#61;issue-9-december-2022" rel="noopener noreferrer nofollow">Threshold Github</a></li></ul><p></p><p></p>

Celebrating 2 Years of Threshold!

Table of Contents

Threshold.Network

Other articles published on Jan 9, 2024

Bitcoin’s Volatile Week: Sudden Movements Shake the Market

Memeinator Presale Smashes Past $3M Mark as Crypto Market Rallies

Metaverse 101: Exploring the Seven Technologies that Power the Metaverse

Over $550 billion could flow into crypto market, says analyst

Crypto Rally: Whales Accumulate 1 Bln DOGE & Trillions Of SHIB, Bull Run Ahead?

Blockchain Association addresses Senator Elizabeth Warren’s crypto hiring concerns

Join our free newsletter for daily crypto updates!