### Tl;dr The goal of this proposal is to add 10 community node operators to the tBTC Beta Staker program. ### Background tBTC currently relies on a permissioned group of nodes, referred to as "Beta Stakers", to secure the wallets that contain the BTC that backs tBTC. These nodes are highly reliable, and stake a significant amount of T. The goal of Part 2 of TIP-067 is to expand the Beta Staker by adding 10 additional community run nodes, and T staked across the beta staker nodes by 400M T. An increase in the number of beta staker nodes will increase the geographic dispersion of beta-stake operators, and also increase the distribution of key shares during DKG ceremony to improve system decentralization. ### Proposal The tBTC development team will vet and select 10 community node operators from applicants via this forum to be added to the Beta Staker permissioned group. ### Duration New Beta Stakers will be required to run their respective nodes until the conclusion of the Beta Staker program, expected to occur within 12 months. It is not possible to exit the Beta Staker program once added, which means that operators must continue to participate until the retirement of the program. ### Requirements Operators of Beta Staker nodes are expected to be extremely responsive, especially in regards to upgrades requested by software contributors. Ideally, they should be able to upgrade their nodes within 24 hours of notification. Community applicants will be vetted for demonstrable uptime via a review of historical T rewards, led by the Integrations Guild. Operators of Beta Staker nodes must be technically capable. They are responsible for ensuring high availability (more than 96% uptime) and security of the node. A Beta Staker node performs more computationally expensive operations (DKG, threshold signing, etc) compared to a standard Threshold node. To ensure a high level of service, a Beta Staker node requires a machine with: * 4 CPUs * 4 GB of RAM * 1 GB of persistent disk space * 80 Mbps of network bandwidth * Linux OS Other requirements include: * At least 1 year of historical uptime OR strong community presence and technical skills. * A minimum stake of 40M T, directly owned or delegated. Additional documentation can be found here: [https://docs.threshold.network/staking-and-running-a-node/tbtc-Beta Stakers-program](https://docs.threshold.network/staking-and-running-a-node/tbtc-beta-stakers-program) The DAO will reimburse Ethereum transaction fees (in ETH) directly to the respective operator addresses on a quarterly basis. ### Payment The DAO will make a payment of $1,500 USD/month to each community participant to cover additional overheads. Additional terms: * Payment terms are subject to nodes meeting the 96% uptime requirement in the month prior. Uptime below the minimum will result in forfeiture of that month’s payment. * Payments will be made in T in accordance with the T/USD price at 10am UTC on the final day of the month, as reported by CoinGecko. * Cost for the program will be covered by staking rewards generated from the delegated T in TIP-067 Part 1. * T rewards will be claimable by the Treasury Guild and distributed accordingly. ### Indicative Timeline * Nominations & Discussion Period - December 13th - December 27th * Candidate selection period - December 27th - January 3rd * Technical setup and troubleshooting - January 3rd - January 17th * Treasury Guild Delegation Execution - January 18th * New Beta Stakers added incrementally - January 19th - onward

**Vote Type** Token holder DAO Snapshot with a 5-day vote period **DAO-elected Sponsors** John Packel, @Gorkem, Ashley (@MrsNuBooty) **Timeline** * 7 days for comment/discussion on this proposal * Token holder DAO Snapshot with a 5-day vote period **Purpose** This proposal calls for Threshold to upgrade its marketing capability by making 3 structural changes: hire a senior marketing lead, ask the Keep and NuCypher teams to each contribute 5 hours per week to oversight, alignment and updates, and re-focus the current marketing lead role on executing social media and content **Motivation** * Threshold’s Marketing Guild has gone through several iterations since its founding 2 years ago. In April 2023 the DAO approved [TIP-49](https://forum.threshold.network/t/tip-49-restructure-the-marketing-guild-committee/573?u=johnpackel) to restructure the committee, and then [TIP-50](https://forum.threshold.network/t/tip-50-contractor-role-for-a-dao-marketing-lead/585) in May, which created the DAO’s Marketing Lead role. * It was evident to several of us at the time that a single resource working 30 hours per week would be challenged to not only execute on all the deliverables outlined but also field new requests from the DAO and contributor teams (Keep, NuCypher and those working on thUSD), plus work to maintain communication and alignment with those teams and the guilds. * In terms of developing Threshold marketing strategy and priorities, the [6-month plan](https://forum.threshold.network/t/tip-50-contractor-role-for-a-dao-marketing-lead/585/17?u=johnpackel) Ashley and John created and posted in response to Forum responses requesting clarity on the role’s deliverables included 3 top goals (“Expanded tBTC awareness enabling growth”, “Successful launches of thUSD and Threshold Access Control”, “Compelling, clear & unified Threshold brand presence, messaging & content”), as well as a need to, “Source & review proposals from marketing/communications professionals for content, SEO, and other marketing opportunities”. * The latter proved difficult to achieve, but **even if we had more outsourced contributors there would still be a need today for a senior marketing professional to conduct a fresh review of current priorities, activities and impact in order to develop and implement an overall marketing strategy and execution plan** based on where Threshold is in 2024 and where we need to go. **Scope** We propose that Threshold upgrade its marketing capability by making 3 structural changes: *1. Source a senior marketing lead (contractor ~25 hours/week) via a formal search process* We need a dynamic, leadership-oriented, crypto-native contractor to effectively create and guide the DAO's marketing strategy, as well as lead cross-functional work streams in alignment with stakeholders. This requires a significant level of experience and track record in various aspects of marketing and growth, including product and digital marketing, acquisition, activation, and retention. The expectations associated with such a senior position are understandably high, especially considering the scope of responsibilities and the impact on the DAO’s success (see recruitment outlined in the Proposed Process section below): * Defining, activating and engaging high value communities with Threshold Network. This includes finding high-ROI places to drive awareness and establish long lasting relationships with those communities * Strategic thinking and planning, to provide a deeper understanding of audience engagement and interaction * Measurement and data-driven impact assessments based on who our audiences are, what goals each piece of content aims to achieve, and how to measure and capture further engagement * Clear ROI-based initiatives (including sourcing outside expertise and execution as needed) that demonstrate the value of our efforts and spend, as well as provide valuable insights for future planning * Alignment with overall product roadmap and goals, reflecting product development stages and marketing goals that includes distribution, content and social media strategies * Defining content calendar, writing content pieces or outsourcing when required * Stakeholder management and leading cross-functional work streams via strong project management and operations skills * Experience with brand marketing and partnerships, weaving together multifaceted campaigns, as well as crisis communications **It is critical that this person be willing, able and eager to execute some of the required tasks on their own, both because we need more “doers” and because Threshold has many expenses and demands continue to grow.** Recommended compensation: DAO standard $85/hr. *2. Ask the Keep and NuCypher teams to each contribute 5 hours per week for strategic oversight, alignment and product updates* While we have tried various forms of weekly marketing sessions that included Keep and NuCypher representatives in managing priorities/progress, content/messaging, DAO alignment, etc., we need to establish a consistent cadence of input on priorities, updates on product strategy and development, as well as feedback on messaging and other product marketing efforts. While a major focus of the meeting(s) and input would initially be on sourcing and evaluating candidates for the senior marketing contractor, once that person is in role this can shift to helping them get up to speed and providing inputs as they develop the strategy and updated tactics. After that, the ongoing weekly contribution can settle into providing product updates and insights, giving input on priorities and messaging. *3. Re-focus Ashley’s role on executing social media and content* Threshold needs a lot more focus on social media and content than one person is able to provide while doing as many other things as we’ve tasked Ashley within her current role. “Crypto Twitter” is a critical vehicle for awareness, and ideally we’d have a full-time role focused on social media. By bringing in a senior contractor to provide the services described above, we can allow Ashley to focus exclusively on social media messaging and content creation - based on the strategy to be developed and with ongoing input from Keep and NuCypher. **Proposed Process** * Upon posting this proposal, commence weekly meeting with representatives from Keep and NuCypher, plus Ashley and John, to discuss the new role recruitment process, align on interim priorities for Ashley’s current focus and address marketing-related issues that arise (then oversee the selection process, assuming approval) * Recruitment process that thoroughly assesses the necessary skills and experience (we propose that Gorkem be the point person managing this process): * Write role description and post as reply to this Forum post * Align on screening and interview questions - to be used by all, for consistency * Initial screening call with a defined person * Interview with the Keep, NuCypher and DAO representatives * Session for candidate to present their case study (open to the DAO) * Assess cultural fit with the extensive DAO * Marketing Guild Committee makes offer and we prepare onboarding **Process timeline** * Commence weekly meeting immediately * Align on role description within 3 days, post it and solicit candidates * Post this proposal to Snapshot in 7 days * Begin interview process once Snapshot quorum reached (unless significant votes against) * Aim to have candidate selected by Feb. 20th so that person can attend ETH Denver and meet stakeholders in person

## Proposal Types: Snapshot proposals ## Proposal Sponsors: @sap ## Overview Introducing SATS, an ERC20 token 1:1 backed by the smallest unit of account of BTC: one satoshi. SATS are mintable, and redeemable, for tBTC. Saakuru.network, a feeless L2 built on the OP Stack with a focus on GameFi, plans to integrate SATS in their platform to create unique use cases for BTC in GameFi. ## Objectives - Launch SATS ERC20 token contract (backed by real satoshis, powered by Threshold Network). - Launch SATS minting DApp: Ffree/permissionless tBTC deposits to mint an equivalent number of SATS. - Release sats.js - a SDK for game developers to integrate SATS as their default in-game currency, marketplace asset, or liquidity pair with a seamless user experience on Saakurua. ## SATS Token (Pseudo Contract) ``` pragma solidity ^0.8.24; import { ERC20, ERC4626, FixedPointMathLib } from 'solmate/src/mixins/ERC4626.sol'; contract Satoshi is ERC4626 { using FixedPointMathLib for uint256; constructor(ERC20 _tBTC) ERC4626(_tBTC, "Satoshi", "SATS") {} function totalAssets() public view override returns (uint256) { return asset.balanceOf(address(this)); } function convertToShares( uint256 assets ) public view override returns (uint256) { return assets * 1e8; } function convertToAssets( uint256 shares ) public view override returns (uint256) { return shares / 1e8; } function previewMint(uint256 shares) public view override returns (uint256) { return shares / 1e8; } // How much tBTC is 1e18 SATS worth.1 SATS = 0.00000001 tBTC function pricePerShare() public view returns (uint256) { return convertToAssets(1e18); } } ``` SATS token contract will be deployed natively with COPY2 to get an identical and deterministic token address on the following chains where SATS.asset references native tBTC in each chain. * Ethereum [0x18084fba666a33d37592fa2633fd49a74dd93a88](https://etherscan.io/token/0x18084fba666a33d37592fa2633fd49a74dd93a88) * Arbitrum [0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40](https://arbiscan.io/token/0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40) * Optimism [0x6c84a8f1c29108f47a79964b5fe888d4f4d0de40](https://optimistic.etherscan.io/token/0x6c84a8f1c29108F47a79964b5Fe888D4f4D0dE40) * Polygon [0x236aa50979D5f3De3Bd1Eeb40E81137F22ab794b](https://polygonscan.com/token/0x236aa50979D5f3De3Bd1Eeb40E81137F22ab794b) * Base [0x236aa50979D5f3De3Bd1Eeb40E81137F22ab794b](https://basescan.org/token/0x236aa50979D5f3De3Bd1Eeb40E81137F22ab794b) ## Peg and Native cross-chain transfer SATS plans to be a Wormhole native transfer asset, and launch as a native interchain token. A UniswapV3 SATS/tBTC 1bp pool (with concentrated liquidity) will be deployed on each supported chain (Ethereum, Arbitrum, Optimism, Polygon, and Base), and liquidity deployed at the rate of (100M : 1 SATS.pricePerShare ). These pools are required to trade between tBTC (Wormhole native transfer asset) and SATS (local). An example of Wormhole’s architecture for native token transfers with ETH and wstETH can be found here [read more](https://wormhole.com/wormhole-launches-native-token-transfers-starting-with-native-eth-and-wsteth-across-7-evm-chains/#:~:text=The%20Wormhole%20protocol%20has%20added,of%20cost%20efficiency%20and%20liquidity.) ## Action plans * Smart Contract Deployment: Deploy SATS on 5 EVM chains where tBTC are natively deployed. * Technical assistance from Wormhole on native transfer capabilities. * Marketing: Generate web content, social media accounts to promote SATS as Bitcoin Standard for GameFi at domain sats.game, with support from Saakurua.network. * Github organization: Smart contract, webpage will be open-sourced and hosted at http://github.com/satsDAO/ ## Support from Threshold DAO The SATS token and Site launch will be independently funded. The team requests $25,000 USD in liquidity support to be distributed over a three month period and support the SATS token launch on Saakurua. ## About Saakuru Labs SATS is a project built from the collaboration between Saakuru Labs. Saakuru Labs is a Web3 enterprise software company and the operator of the Saakuru Blockchain, a consumer-focused, social, gas-less, layer-2 solution on Oasys. At Saakuru Labs, we provide critical pieces of Web3 infrastructure to ease access, increase security, and allow users and companies to generate income from the Web3 economy. Our innovative solution such as Saakuru Wallet SDK seamlessly integrates your products with popular blockchains, offering an effortless transition with as little as one day. ## About Taffy Finance TaffyDAO a GameFi specific decentralize exchange that is deploying on Saakuru.network.