Sky community considers suspending plan to remove WBTC after further clarification on BitGo execution progress
The community of decentralized financial protocol Sky (formerly Maker) voted last week to stop the plan to adopt Wrapped Bitcoin (WBTC) in its ecosystem. However, BA Labs, an influential DeFi risk management company in Sky protocol governance, has stated that its concerns about Tron founder Sun Yuchen's involvement in WBTC custody business have been fully resolved, and they recommend suspending the plan.
According to previous reports from Zombie, cryptocurrency custodian BitGo announced last month that it would transfer its WBTC business to a multi jurisdictional joint venture with Hong Kong based custodian BiT Global, forming a strategic partnership between BitGo, Tron's blockchain ecosystem, and Sun Yuchen. This move has raised concerns among some cryptocurrency market participants, who believe it may pose challenges to the DeFi ecosystem. Subsequently, Sky completed the governance vote and officially approved the removal of all WBTC exposed positions from the collateral assets.
But even after the voting ended, discussions about this matter continued. BitGo CEO Mike Belshe further explained at a governance forum in recent days that WBTC's new custody arrangement has been misunderstood, and Sun Yuchen cannot unilaterally make changes to the structure. Belshe wrote last week:
They will not have the ability to directly change key management practices in BitGo or BitGo Singapore, which are responsible for supervising and controlling the multi signature keys of the new custodian
Subsequently, BA Labs stated on Tuesday that "additional details and clarifications have given us greater confidence in the current state of WBTC operations and key management. The consultant pointed out that the collateral exposure related to WBTC has "decreased to the current level of approximately $170 million in total borrowings", and the risk has been reduced to a "more acceptable range". The loan value previously secured by WBTC was approximately $200 million.
Although we still have doubts about BiT Global as a signatory of WBTC, we have found that it is no longer at a point where immediate removal of collateral is required, "BA Labs wrote." Therefore, we recommend indefinitely suspending the collateral removal process
Sun Yuchen responded to some doubts about his involvement in the project, stating to foreign media CoinDesk that WBTC has an "excellent performance record that cannot be compared to any competing product recently proposed by skeptics".
The controversy surrounding WBTC has made competitors offering alternatives more active, including dlcBTC, Threshold's tBTC, and FBTC supported by the two-layer network Mantle. On September 12th, the US cryptocurrency exchange Coinbase announced the launch of its own packaged Bitcoin cbBTC.
data source
(责任编辑:要闻)
- ·黑客从 Sui 区块链上的去中心化交易所窃取价值 2.23 亿美元加密资产
- ·最大的比特币交易平台 区块链去中心化交易所排名
- ·比特币用户应该关注《GENIUS法案》
- ·OKT币最新价格 OKT币今日行情 OKT币最新消息
- ·氧源积分交易平台-今天氧源积分价格
- ·yfi有多少字币
- ·虚拟币ico平台
- ·imtoken钱包提示风险-imtoken钱包有风险吗
- ·有人在特朗普加密货币晚宴上推出了 Solana Meme Coin——但失败了
- ·HashKey Global全球首發上線HashKey Group生態幣HSK
- ·木星的反弹势头增强:JUP 多头会瞄准 0.75 美元大关吗?
- ·活力币价格
- ·anedc股票
- ·承兑汇票到期怎么办
- ·中国比特币购买交易平台排名 币圈交易平台排行
- ·区块链自媒体平台
- · ok币
- · okx交易所app官网链接
- · 全球三大虚拟货币交易平台
- · 0kx交易所官网
- · 欧易交易所 电脑
- · 虚拟货币交易平台有哪些
- · okx官方
- · 亿欧app下载
- · okcoin交易平台
- · 欧易开户