tBTC v2
We have a v1 to v2 migration proposal. Agoristen’s “The Sunsettening” was validated unanimously with 1.3B T in favor, and it’s now time to start implementation. The Sunsettening means that existing tBTC v1 will be upgraded to tBTC v2 and then changed back to v1 by the
tBTC v2
TL;DR * Pending problems in audit, it will launch on mainnet in August * It should be a controlled launch with a slowly rising cap on # of tBTC that can be minted * It will launch without redemptions at first * During August and September we will be gradually releasing and testing functionalities.
tBTC v2
TLDR: * tBTC v2 will be the first non-custodial solution to bridge BTC to Ethereum at scale. * Our mission is to extend Bitcoin’s properties onto every major network. * We plan to launch our v2 Ethereum bridge in Q2, and deploy onto other chains in Q4. * Threshold’s recent hard merge