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:百科资讯)
- · 亿欧app下载
- · okx交易所app官网
- · 易欧app官网下载
- · 数字货币交易平台app
- · 虚拟货币交易平台排名
- · 虚拟货币交易平台排名
- · 亿欧交易所下载
- · 全球三大虚拟货币交易平台
- ·10月31日博时高端装备混合C净值增长0.78%,近3个月累计上涨7.51%
- ·10月31日中欧聚优港股通混合发起A净值下跌0.69%,近1个月累计下跌3.45%
- ·10月31日富国天旭均衡混合C净值下跌0.62%,近6个月累计下跌11.23%
- ·泰达币每日价格-更新泰达币的每日价格
- ·通源石油(300164.SZ)授出1067万份股票期权 行权价为4.13元/股
- ·宣亚国际(300612.SZ):拟推2024年限制性股票激励计划
- ·比特币可以交易吗
- ·云龙发展集团:子公司股权划转
- ·10月31日华富永鑫灵活配置混合A净值下跌1.72%,近1个月累计下跌4.81%
- ·10月31日汇添富自主核心科技一年持有混合C净值增长0.93%,近6个月累计上涨20.38%
- ·10月31日汇添富新能源精选混合发起式A净值增长0.18%,近3个月累计上涨12.76%
- ·v官方手机端软件 meme币苹果软件app下载链接
- ·10月31日长城智能产业混合C净值增长1.54%,近3个月累计上涨21.36%
- ·狗狗币价格趋势图-狗狗币的价格走势
- ·10月31日易方达港股通红利混合净值下跌0.50%,近1个月累计下跌0.5%
- ·10月31日华安添禧一年持有期混合A净值增长0.20%,今年来累计上涨5.73%
- ·10月31日中欧丰泓沪港深混合C净值下跌0.64%,近1个月累计下跌5.48%
- ·10月31日华安逆向策略混合A净值下跌0.56%,近1个月累计下跌4.17%
- ·10月31日南方专精特新混合A净值增长0.64%,近3个月累计上涨13.45%
- ·10月31日兴全汇享一年持有混合C净值增长0.17%,近3个月累计上涨6.24%