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:黄金TD)
-
(1)饥饿营销首先要把握饥饿“度” 饥饿营销在尺度把控上首先要注意的问题是:确定市场容量和需求情况。...[详细]
-
雷军让他干电商 出生于1974年的毕胜,20多岁时就担任了李彦宏的助理和百度的市场总监。...[详细]
-
Solana发展面临困境,以太坊与Solana攻守之势将易?
采访的时候,他正在硅谷与创业者会面。...[详细]
-
而也是在2015年的第三季度左右,英雄互娱牵头成立了中国移动电竞联盟,此时的全球电竞爱好者的增长趋势和数量依然势不可挡,而且中国在全球电竞爱好者中的占比超过了50%。...[详细]
-
从永安行此后全面接入芝麻信用服务来看,蚂蚁金服的入股应该是出于战略目的。...[详细]
-
但是这种模式在中国能不能行得通,目前不太清楚,这是财经媒体的模式。...[详细]
-
作为业界最备受认可的顶级投资人之一,在喧哗的投资圈,张磊虽然很知名,对外界来说,却低调得不显山、不露水。...[详细]
-
比如最近包括真格基金在内的客户要买我们一个(木头管退)系统,36氪就是一个最强的销售渠道,如果要找卖给VC软件渠道,那肯定就是我36氪,没有第二家了。...[详细]
-
领导者不能只是用榜样来教人,就像只观看老虎伍兹打高尔夫并不能学会打高尔夫一样。...[详细]
-
前些天,北京西城已经出台政策,十条街道不准停放共享单车! 没错,不准停放不等于不准通行,但已经都不让停放了,这十条街道的人,还会去骑共享单车吗? 北京城还会有哪些区出台政策,不允许在哪些街道停放共...[详细]