ELI5 Swap Ops: tBTC Instant-Swap Vault Activation

TL;DR

tLabs asks the Threshold Council Safe to activate a new instant-swap-aware tBTC vault on Ethereum mainnet through two signing sessions about 24 hours apart.

Actions

Session 1:

Session 2:

  1. OLD_CANONICAL_VAULT.finalizeUpgrade()
  2. BridgeGovernance.setVaultStatus(NEW_VAULT, true)
  3. NEW_VAULT.addMinter(INSTANT_MINTER)

What Changes

What Does Not Change