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:风向标)
- · okb交易所官网
- · 虚拟货币交易平台有哪些
- · okcoin下载官方app
- · 欧易最新版本
- ·欧易交易所下载
- · 0kx交易所官网
- · 十大虚拟货币交易平台app
- · 欧易交易所 电脑
- ·如何在华为手机上下载并使用欧艺交易所(OKX)
- ·中国香港第三季度GDP年率初值为1.8%
- ·帝尔激光:TOPCon应用激光诱导烧结设备实现300GW量产订单,背接触电池领域全新激光微蚀刻设备技术领先
- ·10月31日兴证全球合衡三年持有混合A净值增长0.01%,近3个月累计上涨18.48%
- ·胜宏科技收盘涨0.02%,主力资金净流出9579.05万元
- ·OKX|欧艺交易所PC版下载指南,安全、功能、操作体验全方位官网
- ·芝麻交易所交易所专业版v6.7.9最新下载-易欧专业比特币交易软件6月下载
- ·湘邮科技(600476.SH):已完成清仓出售长沙银行股票485.06万股
- ·OKX|okx欧亿官网入口(欧亿下载):一站式数字货币交易平台
- ·中钢国际:今年以来进一步提升业务发展质量,新签工程项目合同总额150.52亿元
- ·10月31日易方达消费精选股票净值下跌1.28%,近1个月累计下跌6.69%
- ·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%
- ·重庆钢铁股份(01053):股票价格短期涨幅较大 不存在影响公司股票交易价格异常波动的重大事项
- ·欧亿交易平台专家版下载-芝麻交易所appv3.5.8官方授权下载2023
- ·btcwallet钱包
- ·国泰转债:转股价格由8.22元/股调整为8.12元/股
- ·探索欧意易交易平台,一个欧易数字资产交易的新纪元
- ·如何在安卓手机上下载OKX交易所官方APP
- ·乾照光电平盘报收,主力资金净流出2.66亿元
- ·悦康药业:子公司YKYY015注射液获国家药品监督管理局临床试验批准