The native token of the Threshold Network, which powers the tBTC Bitcoin-backed DeFi token, surged by over 55% this week. The increase came after the network’s announcement to restructure its decentralized autonomous organization (DAO), aiming to reduce operational costs by $1.1 million annually. This move is expected to boost profitability and eliminate the need for treasury sales of the token.
As a result, T, the network’s token, has seen a nearly 48% rise in just 24 hours. The DAO’s strategy includes reinvesting in the token through buybacks, which is expected to create a cycle of growth, benefiting both the T token and the tBTC ecosystem.
