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:私募资讯)
- ·51信用管家人品贷中的人品是什么意思?
- ·全球稳定币总市值达2438.38亿美元,USDT市占率超62%
- ·比特币怎么火的
- ·澳洲数字货币交易平台
- ·虚拟货币为什么有价值 虚拟币为什么值钱
- ·虚拟货币k线图怎么看
- ·火币怎么交易的
- ·椰子币怎么挖
- ·以太坊 (ETH) 价格飙升:交易员押注 ETH 价格将达到 6,000 美元
- ·比特币价格走势图年
- ·金融机构的利息收入哪些免征增值税
- ·稳定币数据专题:总市值达 1700 亿美元,USDC 流通达到 340 亿枚,USDT 第三季度新增 3600 万个账户
- ·Metis & ABGA合作推出與Google Cloud共同推動的GameFi Quantum Leap加速器計畫
- ·比特现金abc行情
- ·上年年终奖今年发按哪年的个税政策
- ·HashKey Exchange CEO Livio: The institutional era of Web3 in Hong Kong is approaching boiling point
- · 欧易最新版本
- · 欧易交易所 电脑
- · okcoin下载官方app
- · 加密货币交易所
- · okx交易所app官网链接
- · okcoin交易平台
- · 亿欧交易所下载
- · 全球三大虚拟货币交易平台
- · 欧易app官方下载入口
- · 欧易正规