PANews reported on April 18 that according to Chainwire, Threshold Network announced a network restructuring plan and will make strategic reinvestments through T token repurchases. The plan aims to improve cost-effectiveness by cutting annual operating expenses, stopping the sale of T tokens by the treasury, and accumulating T tokens through targeted repurchases. The Threshold DAO treasury will also continue to accumulate tBTC through bridge fees and accumulate T tokens through repurchases.
Threshold said the reorganization improved the financial situation of the protocol. It reduced annual operating costs by approximately $1.1 million and reduced the total cost of governance and contributor roles to $602,000 per year. In addition, the cancellation of tBTC staking rewards is expected to save more than $8.5 million per year. Threshold has completed its first purchase of approximately 30 million T tokens, spending 5.8 tBTC. Currently, there are approximately 420 million T tokens used for governance and multi-signature, which is approximately $7 million at current market value. In addition, there are $8-9 million in reserve assets (tBTC, ETH and stablecoins) to guarantee 2-3 years of operations.
