Threshold Network
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What is Threshold Network?
Network and Bitcoin bridge
Threshold combines the cryptographic infrastructure developed by NuCypher and Keep. Its main product, tBTC, brings Bitcoin into smart-contract applications through a token backed by deposited BTC. Independent operators collectively manage Bitcoin custody using threshold cryptography. Signing authority is distributed across operators rather than assigned to a single custodian. Threshold Labs has managed network development since February 2025, following the DAO-approved organizational transition.
Supply and governance
T is an ERC-20 token with an initial allocation of 10 billion units. NuCypher and Keep holders each received 4.5 billion T, with 1 billion assigned to the DAO treasury. The bootstrap phase added 1.155 billion tokens through operator and staking incentives. The resulting total supply is 11,155,000,000 T, which the current documentation describes as fully diluted. Holders vote on product priorities, fee changes and treasury allocation. On-chain proposals use Governor Bravo contracts with a voting period and an execution timelock.
Staking utility
Since the beginning of 2026, T staking has provided rebates or waivers on tBTC minting and Bitcoin redemption fees. These benefits are linked to bridge activity instead of new inflationary rewards. The application records earned fee savings for eligible stakers. Staking remains optional for users minting or bridging tBTC.
Where to trade T
41 exchanges · top 10
Live spot quotes from connected exchanges
T funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.