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：宏观研究)

• ·小花钱包到底上征信吗？我想在小花钱包上贷款。
• ·湖北什么什么气候
• ·okcoin火币
• ·10月31日华商大盘量化精选混合净值增长0.92%，近3个月累计上涨8.96%
• ·最新十大虚拟货币排名 最受欢迎的十大虚拟货币排行，它们分别是谁
• ·10月31日华安品质领先混合A净值增长0.41%，近3个月累计上涨10.97%
• ·独家：比特币赋能全球金融，重塑现代投资组合
• ·现在FIL你什么价格
• ·如何使用区块链钱包-如何使用区块链钱包支付
• ·10月31日银华鑫盛灵活配置混合(LOF)C净值增长0.37%，近3个月累计上涨12.56%
• ·事业单位工资计提怎么账务处理
• ·申请公积金贷款购买首套房的流程是怎样的？不是很清楚。
• ·Pi 币 24 小时内暴涨 11.7%：2 美元是 PI 的选择吗？
• ·10月31日银华专精特新量化优选股票发起A净值增长1.61%，近3个月累计上涨26.53%
• ·火币网怎么提币
• ·10月31日前海开源沪港深乐享生活净值增长1.62%，近6个月累计上涨29.74%