A Provisional Timeline for the Threshold Merger
We shared some important updates on the latest Threshold Wide Community Call; not only the new Threshold branding and visual identity, the formation of Threshold Community Guilds to be formed by community members committed to providing contributions in a variety of areas, but also the hotly anticipated provisional merge timeline for the upcoming Threshold launch.
Key milestones are already underway, including security audits and completed community snapshots for the Reward Mechanism. ChainSecurity and Certik, who are reviewing our smart contracts, are some of the leading auditors in the space.
Our next steps are all about the DAO and Multi-sig Council. From mid-November to December, we will be doing everything from holding Council Elections to allocating rewards to apps. We will also be implementing NuCypher and Threshold DAO proposals such as halting NU inflation and minting the First Reward Batch. These are the result of our community-directed approach to this process.
At the same time, the team will be taking care of important technical developments such as deploying and activating the smart contracts that will complete the merger. These include the Governance Contract, Vending Machine Contract, and the Staking Contract. Once these are live, we will be ready for the Staking Rewards and funding of Threshold-only Coverage Pools that will complete the process by the end of December. Get ready to kick off the new year with Threshold.
