Threshold Monthly Community Update May 2024

Development Team Updates:

TACo:

Highlights of the month:
[Summary of major achievements, progress, and any key updates from the TACo team]


- Sign in with Ethereum progress (UX focused)

        

- Baton Passing/Handover framework (Nodes going in and out of cohorts) very important step towards permissionlessness

- https://github.com/nucypher/ferveo/pull/186

         

-Cultivating partner work with Ceramic
Demo repos:
https://github.com/nucypher/taco-composedb

https://github.com/nucypher/taco-web/pull/526

-Irys Integration work

https://github.com/nucypher/taco-web/pull/503

        

- Redundancy with RPC endpoints - (helps with having a fallback eg. If Infura goes down/redundancy)

- https://github.com/nucypher/nucypher/issues/3493

- https://github.com/nucypher/nucypher/pull/3496


- Peer snitching moving forward (if a ritual is started and didn’t finish bc a node did not submit their transcript as part of the process, there will be a contract that can be called that says “hey this didn’t finish, here are the nodes that didn’t finish, double check this and penalize that node”

https://github.com/nucypher/nucypher/issues/3372
https://github.com/nucypher/nucypher-contracts/pull/248


Current Focus: 
[Details of ongoing work, milestones, and upcoming tasks]

- Sign in with Ethereum progress (UX focused)


- Baton Passing/Handover framework (Nodes going in and out of cohorts) very important step towards permissionlessness

- Cultivating partner work with Ceramic

- Exploring new fee models (hard to have a one size fits all fee model)


[Any challenges faced and how they are being addressed]

tBTC:

Highlights of the month: [Summary of major achievements, progress, and any key updates from the tBTC team]

Current Focus: [Details of ongoing work, milestones, and upcoming tasks]

Challenges & Resolutions: [Any challenges faced and how they are being addressed]

thUSD:

Highlights of the month: [Summary of major achievements, progress, and any key updates from the thUSD team]

Current Focus: [Details of ongoing work, milestones, and upcoming tasks]

Challenges & Resolutions: [Any challenges faced and how they are being addressed]

Guild Updates:

Integrations Guild:

Highlights of the Month: [Summary of integration achievements, progress, and any key updates]

Current Focus: [Details of ongoing integration work, milestones, and upcoming tasks]

Challenges & Resolutions: [Any challenges faced and how they are being addressed]

Treasury Guild:

Protocol Incentives: [Summary of current/ongoing liquidity incentives]

Highlights of the month: [Summary of achievements, progress, and any key updates]

Current Focus: [Details of ongoing work, milestones, and upcoming tasks]

Challenges & Resolutions: [Any challenges faced and how they are being addressed]

Marketing Guild:

Highlights of the month:

[Summary of marketing achievements, progress, and any key updates]

Current Focus: 

  • thUSD on BOB campaign
  • tBTC Arbitrum Campaign
  • thUSD on Mezo
  • tBTC & Acre
  • TACo Marketing Blast
  • TIP-073

  •  [Details of ongoing marketing work, milestones, and upcoming tasks]

Challenges & Resolutions: The Marketing Guild continues to struggle with the demands of marketing everything Threshold with only one contractor regularly contributing to Threshold Marketing. This will be overcome with TIP-073. The hiring process for the role has led to 6 qualified candidates each working on high-impact 10-hour projects.

Governance Updates:

Governance Decisions: 

  • Approval by the DAO of the TMG budget request
  • Green light to the Delight staking contract - this will be voted by the community in June
  • Decision to proceed and revoke the minting capabilities for the deprecated versions of thUSD so the users are protected against minting thUSD with insecure contracts.

Community Proposals: 
Proposed on the Governance Forum during the month of May:

Voted on Snapshot during the month of May:

Up for approval by the DAO via Governor vote during the month of May:

Bug Bounty Updates:

  • 8 Reports received during the month of May:
  • 8 reports closed as incorrect - invalid - out of scope
  • 3 critical reports
  • 4 high reports
  • 1 medium report
  • 4 reports received for the Threshold Network Bug Bounty Program
  • 4 reports received for the thUSD Bug Bounty Program
  • No updates to the bug bounty programs during the month of May
  • thUSD Bug Bounty Program:
  • Live since October 5th, 2023:
  • Last update: March 20th, 2024
  • Amount paid: $2400
  • Threshold Network Program:
  • Live since: April 28th, 2023
  • Last update: June 7th, 2024
  • Amount paid: $632000

Community Engagement:

Events & AMA Sessions: [Details of any upcoming community events, AMA sessions,etc. ]

Opportunities for Involvement: [Information on how community members can get involved or contribute]

Looking Ahead:

Goals for Next Month: [Brief outline of goals and priorities for the upcoming month]

Thank you for your continued support and involvement in the Threshold community!

[Insert Call to Action]