TIP-045, this proposal, supersedes and replaces [TIP-035](https://forum.threshold.network/t/tip-035-t-grants-for-tbtc-v2-bootstrap-node-providers/405). ### TL; DR: Bootstrap Node Requirements tBTCv2 will launch with three bootstrap node providers: Boar, P2P, and Staked. Each provider will receive a grant of $10,000/month in T. The updated Bootstrap Node Proposal shortens the term commitment to one (1) year and adds the requirement of running an Electrum Server. ### Background: After carefully considering the concerns, suggestions and comments from the community in response to the [first version of this proposal](https://forum.threshold.network/t/tip-035-t-grants-for-tbtc-v2-bootstrap-node-providers/405), this update has been drafted to reduce the expense to the DAO while still ensuring a **robust and timely launch** of tBTCv2. Bootstrap nodes are critical building blocks of infrastructure for the Threshold Network’s tBTC application and are very different from regular nodes. Their operator addresses are hard-coded in off-chain client code. Bootstrap nodes do not participate in activities that expose them to slashing risk, thus they do not earn inflation rewards. Their stake sizes are of no importance and can be the minimum stake. ### Main Revision Points: - The runtime of this proposal has been reduced from three years to one year - The number of operators contracted under this proposal has been reduced from 4 to 3 - Running an Electrum server as a requirement has been added - The monthly grant in liquid T has been reduced to $10,000 - Guaranteed availability has been changed from 99.9% to 96 to 98% ### Detailed Requirements Per Operator Two (2) instances of the tBTCv2 client in independent regions for redundancy, to be deployed on high-availability equipment, whether this is a VPS or bare metal is left up to the provider. Bootstrap node operators agree and guarantee availability of at least 96% to 98%. The rationale in reducing the uptime guarantee from 99.99% is that it is extremely unlikely that all bootstrap node providers will experience downtime at the same time. This reduction in guaranteed availability achieved a significant cost minimization for the DAO. ### Electrum Server Requirement: This requirement was added to further support the tBTCv2 launch. Operators agree to run one instance of an Electrum server, software version and other requirements shall be furnished prior to launch, however, as a reference, tBTCv2 has been tested against three of the most popular types of servers: - ElectrumX (>= 1.16.0) (https://github.com/spesmilo/electrumx) - Esplora/Electrs (>= v0.4.1) (https://github.com/Blockstream/electrs) - Fulcrum (>= 1.8.2) (https://github.com/cculianu/Fulcrum) A Bitcoin node is required for electrum to function properly. Thus, bootstrap providers will need to maintain a Bitcoin node as well. ### Providers: **P2P** - [https://p2p.org/](https://p2p.org/) - P2P Validator provides high uptime, secure staking with advanced monitoring & support. P2P was established in early 2018 and proved the best quality of staking services as one of the top operators in Threshold, Solana, Polkadot/Kusama, Tezos, Graph, Moonbeam, Regen, Chainlink, and Connext Networks. Currently, P2P secures more than 1.5 billion USD value across 30+ networks, provides highly-available RPC services, and contributes to web3 as a core developer for Lido on Solana and Neutron - Cosmos Hub secured smart-contract chain. **Staked** - [https://staked.us/](https://staked.us/) - Staked operates the most secure, performant, and cost-effective block production nodes for decentralized PoS protocols on behalf of institutional investors. Their multi-tier signing and listening node architecture delivers stakeholders the ideal combination of security, scalability and decentralization. **Boar** - [https://boar.network/](https://boar.network/) for transparency, please review the following post: [TIP-035 T grants for tBTC v2 bootstrap node providers](https://forum.threshold.network/t/tip-035-t-grants-for-tbtc-v2-bootstrap-node-providers/405/19) ### Proposal: If approved, each provider will receive a grant of $10,000/month in liquid T for running a tBTC v2 bootstrap node in accordance with the requirements discussed herein.

**Vote type:** Token holder DAO Snapshot with a 5-day vote period **DAO-elected representative sponsors:** John Packel, @MrsNuBooty, @Vict0r, @ZeroInFo56, @nico186, @beemeeupnow **tl/dr:** - A lot effort is necessary to both coordinate and execute the work that Marketing Guild sets out to accomplish with its OKRs and budget - As Threshold DAO’s needs and requests for marketing support have grown, we have tried various ways of fulfilling this through the guild’s committee members, supplemented by both compensated (temporary) and uncompensated “extra hours” from members - This has led us to this request for an ongoing 30-hour/week role to lead these efforts - We originally planned to include this role in [TIP-49 (Restructure the Marketing Guild Committee)](https://forum.threshold.network/t/tip-49-restructure-the-marketing-guild-committee/573/4) but then agreed with feedback that it was worth breaking out into its own detailed proposal (thanks, Will) **Timeline:** - 5 days for comment / discussion on this proposal - token holder DAO Snapshot with a 5-day vote period **Who Is Involved:** Threshold Marketing Guild, Threshold community and Threshold work token holders **Detailed Summary** Threshold’s Marketing Guild has tried a number of approaches over the last 15 months to execute on marketing activities while also providing oversight over funding provided by the DAO. The current Marketing Guild Committee agrees on the need to separate the oversight and execution roles, making the former more conducive to the bandwidth most members have, while continuing to improve on the latter by prioritizing, commissioning and compensating contributors based on value and impact, rather than fixed monthly compensation. [TIP-49 (Restructure the Marketing Guild Committee)](https://forum.threshold.network/t/tip-49-restructure-the-marketing-guild-committee/573/4) addresses the former plus structure for that latter, while this proposal addresses continuity for the latter. The section “FUNCTION 2: Execution on Guild OKRs” in TIP-49 outlines 3 principles that will drive how we go about getting guild work done in the future: 1. Prioritize & assign work based on expected impact in driving Threshold’s mission 2. Source multiple types of contributor to make the MG more productive & resilient 3. Compensate contributors based on achieving projects’ results These will require bi-weekly sprint planning plus a retrospective that informs the next sprint plan, soliciting proposals from marketing/communications professionals, developing a process that delivers the best impact/price with the least amount of overhead/administration, developing rubrics to evaluate work output compared to what was commissioned and measure the impact, and larger projects will need retrospectives for improving our process. **Thus we need a highly trusted and capable person to manage this process, as well as to execute on the aspects of the MG’s critical core work streams (detailed below) that are most efficiently delivered “in house” and/or can’t wait for another contributor to be sourced, commissioned and evaluated.** In terms of execution, the scope of this role would cover 4 primary areas, with the primary activities noted below each: 1. **Social media** - Leading and aligning with stakeholders the strategy for putting our assets to best use - Promoting the Threshold brand, its products and campaigns - Continuing to engage Threshold in relevant discussions and with influential accounts - Partnering with the Keep, NuCypher & thUSD teams on tactics - Aligning with Eugene on Wrapped Tour (and subsequent efforts) & posting threads - Aligning with Ryan on Threshold Access Control content & promotion 2. **Content creation** - Aligning with Keep, NuCypher & thUSD teams on content & messaging - Drafting the *Threshold Time* newsletter content twice per month - Aligning with NuCypher & Keep marketing on blog needs & commissioning writers - Creating shorter videos & commissioning production of longer ones as needed - Creating and coordinating content for Community Calls & editing/publishing recordings - Supporting Threshold documentation updates - Working with token tracking sites to update Threshold/product messaging - Supporting Threshold AMAs 3. **Events/campaigns/sponsorships** - Supporting stakeholder alignment on Threshold event strategy & budget - Supporting/coordinating alignment on event messaging & resources - Coordinating and aligning event strategy & logistics (booth, hackathons, etc.) - Creating & executing campaigns supporting Threshold’s brand, products & initiatives - Recommending to MG Committee potential sponsorships 4. **Guild infrastructure** - Continue to enhance alignment and support other guilds on cross-functional projects - Continuing to add and maintain Threshold’s Notion pages for internal & external use - Sourcing proposals from marketing/communications professionals for outsourced work - Developing and maintaining rubrics for evaluating outsourced work - Supporting the MG Committee with its quarterly budget requests - Attending monthly MG Committee meeting & brief committee members on decisions - Research & recommend community engagement tools (e.g., Sobol) We recommend that Threshold DAO contract with Ashley (MrsNu) for a 6-month renewable period working 30 hours/week at the $85/hour rate the MG Committee has aligned on and approved for contractor in the past. Ashley is a Threshold “OG” community member (going back to NuCypher), she is a positive and helpful voice everywhere Threshold is being promoted and discussed (Twitter, Discord, Notion, YouTube, emerging Web3 platforms, etc.), and she has proven her value by contributing more to the Marketing Guild’s output over 15 months than anyone else.

**Threshold Treasury Guild: 2Q23 Budget Request** **Vote Type:** Single choice voting (Yes/No) **Overview:** As part of TTG´s *[mission and scope](https://www.notion.so/thresholdnetwork/Treasury-Guild-7b50c4d66c0a4f93991cc64352d6ce73?pvs=4#134c5b263a274aa3803a0497aac3bce0)* and with its defined objectives the TTG is requesting discretionary funding of 50m T (~$1.6m) from the Threshold Treasury for Q2 2023. This discretionary budget will be primarily used for: * Compensation for Threshold’s Guild and Council contributors * Execution of ongoing liquidity incentives * Execution of diversification efforts * Reimbursement to Bootstrapping node-operators per *[TIP-045](https://forum.threshold.network/t/tip-045-bootstrap-node-proposal-v2/492)* * Payment for code audits * Other ongoing expenses and reimbursements supporting TTG’s mission **Milestones and Deadlines:** Budgeted funds are for 2Q 2023. **Proposed schedule:** * Forum Discussion Started: April 25, 2023 * Forum Discussion Concluded: April 28, 2023 * Snapshot Vote Started: April 29, 2023 * Snapshot Vote Concluded: May 2, 2023 **Authors:** The Threshold Treasury Guild Committee (TTG) multisig consists of @JohnPackel , @Will , @ben , @Vict0r , @sap , @LakeLaogai , @Eastban. Two additional members are being added. **Threshold Treasury Guild OKRs**  **Use of Proceeds** Funds will be managed under the TTG multi-sig and will be allocated towards the TTG goals listed above as well as any discretionary expenses that may fall outside of the initial scope. The funds will primarily be used for : * Compensation for Threshold’s Guild, thUSD team and Council contributors: * 2.57m T per month (7.71m T for 2Q23). * Execution of ongoing liquidity incentives: * 1m T per month for T pool incentives (3m T for 2Q23). * As per ongoing tBTC liquidity bootstrapping efforts (voted TIP 46 and upcoming TIP 47 and 48) additional liquidity incentives should be delivered: 4.5m T for 2Q23. * Execution of diversification efforts: * TTG expects to continue its diversification effort by acquiring 100 ETH per month. * 6.9m T per month (20.7m T for 2Q23 - includes 20% price buffer). * Reimbursement for Bootstrapping node-operators * As per TIP-045 ratification,TIP-045 ratification, 3 node-operators are running Bootstrap nodes with monthly costs of $10k each per month * 1.9m T for Feb 2023 and Mar 2023 reimbursements * 2.8m T for 2Q23 reimbursements. * Payment for audits * Upcoming audit from MixBytes is invoiced for 3.1m T (~$99k). * Provision for another audit 4.7m T (~$150k) * Other expenses and reimbursements * 1.6m T ($50k) for other expenses This list is non-exhaustive, it is quite likely that over the duration of this quarter, the TTG will incur additional expenses, and/or be subject to opportunities that may require additional funding as there are ongoing proposals for additional liquidity programs. **Expiry / Timing of Budget Spend** There is neither an expiry on the allocated budget nor an estimate of when the funds will be depleted. However, the TTG ensures that these funds will be prudently and responsibly allocated toward activities and expenses that are consistent with its mission and aligned with its OKRs.