Company Description: Threshold Network

tBTC is a fully Bitcoin-backed ERC-20 token pegged to the price of Bitcoin. The company behind tTBC is the Threshold Network (merger between KEEP and NuCypher). It first launched in May 2020, the major players are Keep, Summa, and the Cross-Chain Group. It had a vulnerability that required it to pause deposits. tBTC relaunched in September 2020 and then again in November 30, 2022.

What can we learn from their GTM? Timeline

what were the token economic incentives?

• tBTC V0: May 2020
• tBTC V1: September 2020
• tBTC V2: January 2023
• GTM Summary

User Research Summaries

• Generative/ Explorative Design - helps building the right thing
• Iterative Design - helps building the thing right, May 2022

Product Review: Testing the tBTC Bridge

First impression is that the bridge has a pretty clean UX. This page shows my balance, wallet history and minting process.

Note: They launched tBTC v2 without ability to bridge out. Bridge out won’t be ready for 3-6 months.

Oh no! On the first action, I get an error that my Xverse wallet Bitcoin address isn’t supported by this bridge. The error message isn’t very clear for general audiences