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The native asset of a Bitcoin (BTC<\/a>)-focused decentralized finance (DeFi) project defied the crypto market doldrums and skyrocketed by more than 55% this week.<\/p>\n Threshold Network powers tBTC, a decentralized wrapped Bitcoin that can be used throughout DeFi ecosystems.<\/p>\n The project\u2019s native token, T<\/a>, is trading at $0.0223 at time of writing, up from $0.0143 one week ago. The 236th-ranked crypto asset by market cap is also up nearly 48% in the past 24 hours alone.<\/p>\n T\u2019s price surge largely materialized after Threshold Network announced on Thursday that it planned to restructure its decentralized autonomous organization (DAO) to reduce annual operational costs by approximately $1.1 million.<\/p>\n Explains<\/a> the project,<\/p>\n \u201cAdded to the more than $8.5 million in annual savings expected from the elimination of tBTC staking rewards, this sets the stage for significant profitability moving forward.<\/em><\/p>\n Cost efficiency also allows the DAO to eliminate treasury sales of T tokens, enabling it to strategically reinvest in T token. The DAO treasury will continue to accrue tBTC via bridge fees and T tokens via buybacks as per\u00a0TIP-54.\u00a0<\/em><\/p>\n Threshold has already completed its first purchase of ~30 million T tokens for 5.8 tBTC\u2026<\/em><\/p>\n Given the tight economic linkage between T and tBTC, this shift is expected to create a virtuous cycle of growth, where increased Total Value Locked (TVL) and bridge velocity drive T\u2019s value, attracting further participation and reinforcing the ecosystem\u2019s expansion.\u201d<\/em><\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The native asset of a Bitcoin (BTC)-focused decentralized finance (DeFi) project defied the crypto market doldrums and skyrocketed by more than 55% this week. Threshold Network powers tBTC, a decentralized wrapped Bitcoin that can be used throughout DeFi ecosystems. The project\u2019s native token, T, is trading at $0.0223 at time of writing, up from $0.0143 […]<\/p>\n","protected":false},"author":2,"featured_media":389873,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-389872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/389872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=389872"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/389872\/revisions"}],"predecessor-version":[{"id":389874,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/389872\/revisions\/389874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/389873"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=389872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=389872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=389872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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