Minters play a critical role in the tBTC system. Minters observe revealed deposits and request minting tBTC. Any single Minter can perform this action. There is a 2-3 hours delay between the time of the request from a Minter to the time tBTC is minted. During the time of the delay, any Guardians can cancel the minting.
To keep up with recent minting demand and address depreciation issues on the current set, the Threshold Treasury Guild is implementing a minter revamp program. The program has three pillars:
Ensure minters are always topped up with eth for gas
Expand the minter set to a maximum of 10
Provide T incentives to minters to encourage more active maintenance and monitoring
Requirements:
A Minter agrees to…
Run the minting script with access to…
A funded ETH wallet to pay gas for mints
An Ethereum node to monitor deposit reveals
An Electrum node to confirm deposits against the Bitcoin network
Keep the script up-to-date
Monitor for any errors
Be available via Telegram in case of updates or network disruption
Incentive:
Minters will receive $1k a month in T from the Threshold DAO. Minter bots automatically send heartbeats to a telemetry system (Sentry) on a regular basis. Minters must hit 75% of the expected heartbeats to be eligible for rewards for each month. The Threshold Treasury Guild will monitor these metrics.
Furthermore, the gas required to operate a minter bot will be topped up by the Threshold Treasury Guild.
Selection Process:
The process for selecting new Minters is similar to previous call for action programs initiated by the Threshold DAO in the past. There will be an open application period on the governance forums followed by the Threshold Treasury Guild committee selecting candidates to add to the program.
To Apply:
Respond to this forum post with the following information:
Telegram Handle
Threshold DAO Background / Involvement
Minter Address
Payment Address
Applicants will be notified of their acceptance on the Forum via comments on this thread on a rolling basis.
I’d like to be an optimistic minter, I have all of the requirements met through being a tbtc veto guardian as well as a beta staker, along with the monitoring capabilities and availability required for those.
TG: shoegazer69
Threshold Background: solo staker, beta staker, veto guardian, IG member, Threshold Council member
Minter Address: TBD based on requirements
Payment Address: somaweb3.eth
I would like to be considered for a minter slot. I meet all of the requirements and am an established member of the community and DAO.
Telegram: @vict0x
Background: member of the IG and TG, staker, veto guardian
Minter address: TBD
preferred payment address: 0x5E00CCF2c9eD05f6999C83B5d03fbF0e9e439627
I would like to be considered for a minter slot. I meet all of the requirements and am an established member of the community and DAO.
Telegram: @madame_picotop
Background: longtime participatoor of the MG, IG and TG, and staker
Minter address: TBD
preferred payment address: 0x373aFFD84a10A1Cc549F84E204e2b575f97fA285
I am writing to express my keen interest in joining the Optimistic Minter program as a minter.
Telegram:@Saturnino_9
Threshold DAO Background: I currently work as a full-time developer in Threshold DAO, and I am currently part of the integration’s guild committee members and Beta Stakers Program.
I would like to be considered for the Optimistic Minter role.
Telegram: @blitmore
Threshold DAO background: veto guardian, Beta staker, long-time time DAO member, nucypher worklock participant.
Minter address (to be funded by the DAO ) :
0xDa2b6ed2A37E8Aa1f6485935E4EB4D4304AE5541
Payment address: 0xCdA5Bf663221005D0e8d973C0680925532a575D0
I would like to join the Optimistic Minter program and help with all my skills and knowledge. I’m a professional DevOps and I can support/maintain any type of scripts/bots including updates, monitoring, debugging, high availability setup and so on. I have a dedicated Bitcoin/Fulcrum node and plenty of Ethereum nodes to operate smoothly, correctly, with high uptime.
Telegram Handle: Asman_x
Threshold DAO Background / Involvement: I participate in Beta Stakers program, I’m node operator for both tBTC & TACo and I’m a Threshold Community member for 1.5+ years already.
Sorry, I totally forgot to put myself forward for this. I know the deadline has passed, but if someone drops out or you need a backup etc. then please add me to the list.
