By Bardil 
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In a remarkable defiance of the broader crypto market slump, the native token of the Bitcoin-focused decentralized finance (DeFi) project, Threshold Network, surged by over 55% this week. The token, known as T, powers tBTC, a decentralized wrapped Bitcoin that can be seamlessly integrated across various DeFi ecosystems.
At the time of writing, T is trading at $0.0223, a significant increase from $0.0143 just one week ago. The token, currently ranked 236th by market capitalization, has also jumped nearly 48% in the past 24 hours alone.
This impressive price rally followed Threshold Network’s announcement on Thursday regarding its plans to restructure its decentralized autonomous organization (DAO). The move aims to slash annual operational costs by approximately $1.1 million, marking a strategic pivot toward enhanced profitability.
According to the project, “Combined with the anticipated $8.5 million in annual savings from the elimination of tBTC staking rewards, this initiative positions Threshold for significant financial growth. The cost efficiency further enables the DAO to halt treasury sales of T tokens, allowing for strategic reinvestment in the token. The DAO treasury will continue to accrue tBTC through bridge fees and T tokens via buybacks, as outlined in TIP-54.”
Threshold Network has already executed its first token buyback, purchasing approximately 30 million T tokens for 5.8 tBTC. The project emphasized, “Given the tight economic linkage between T and tBTC, this shift is expected to create a virtuous cycle of growth. Increased Total Value Locked (TVL) and bridge velocity will drive T’s value, attracting further participation and reinforcing the ecosystem’s expansion.”
This strategic restructuring and buyback initiative underscore Threshold Network’s commitment to long-term sustainability and value creation, setting a precedent in the rapidly evolving DeFi landscape.
Source: Threshold Network Announcement
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