My fedi home instance (Fosstodon) took a very measured and IMO sensible approach to whether to block or federate with Threads. https://hub.fosstodon.org/our-position-on-threads
In sum:
Fosstodon does not block Threads instance-wide, since all users can easily do this for themselves,
AND because the current observed behavior of threads users is very good (essentially zero abusive content from Threads).
AND they will continue to monitor and revisit the decision if future behavior warrants.
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I'm a monthly supporter π° of Fosstodon and am very satisfied with their approach.
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