Threshold

Threshold Network powers tBTC, a decentralized, trust-minimized representation of Bitcoin backed 1:1 by BTC. tBTC uses threshold cryptography and distributed signer groups to secure Bitcoin deposits without relying on a single centralized custodian. It enables Bitcoin holders to access decentralized finance applications across supported blockchains and redeem tBTC for native BTC. T is Threshold Network’s ERC-20 utility and governance token on Ethereum. T holders can vote on protocol and treasury proposals and stake T to receive fee waivers and rebates on tBTC minting and redemption. Threshold originated from the merger of NuCypher and Keep Network and subsequently focused its development on tBTC and Bitcoin infrastructure.