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:现货银)
- 个人所得税劳务报酬怎么填
- 10月31日海富通中小盘混合净值增长1.38%,近3个月累计上涨29.59%
- uni币怎么挖 uni币怎么挖矿
- 10月31日富国医药成长30股票净值下跌1.68%,今年来累计下跌10.67%
- 火币中国app
- 10月31日中海环保新能源混合净值增长2.37%,近3个月累计上涨10.22%
- 股票专用术语-股票专用术语大全集
- 10月31日国泰江源优势精选混合C净值增长0.70%,近3个月累计上涨7.13%
- 火币网交易平台莱特币
- 汽车保险里的乘客责任险是什么意思呢?
- 恒星币行情网-恒星币行情网最新消息
- 一架客机多少钱-一架客机多少钱人民币
- 宜人贷不还会怎样?不是很理解。
- 10月31日嘉实远见精选两年持有期混合净值下跌0.31%,近1个月累计下跌3.97%
- 什么是比例预算法?用口语化的方式解释一下。
- 正荣地产(06158.HK):重组支持协议的最后截止日期已进一步延长
- filecash是什么
- 10月31日中欧瑾和灵活配置混合E净值增长3.41%,近6个月累计上涨33.63%
- 10月31日汇添富科创板2年定开混合净值增长0.55%,近3个月累计上涨19.52%
- 10月31日国投瑞银盛煊混合C净值下跌0.17%,近1个月累计下跌0.55%
- 欧易开户 views+
- 欧易交易所 电脑 views+
- 十大虚拟货币交易平台app views+
- 欧亿app官网正式版下载 views+
- okcoin下载官方app views+
- 欧易正规 views+
- ok币 views+
- 欧亿交易所怎么样。 views+
- OK交易所官网入口登录 views+
- 易欧app官网下载 views+