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：基金数据)

• ·火币客户端下载
• ·BSC基金会增持9种代币市场布局引关注
• ·常用的挖矿软件下载
• ·币圈交易平台app盘点 正规的货币交易平台
• ·乐花花分期怎么样？
• ·没用过的信用卡可以申请宜人贷极速贷款吗，极速贷款的条件是什么？
• ·北京公积金贷款担保中心在哪，住房公积金贷款的担保方式都有什么？
• ·五个交易所
• ·捷信分期严重逾期后果是什么？我已经产生严重逾期行为了。
• ·特朗普演讲聚焦经济问题，税收协议获广泛支持
• ·非营利组织怎么账务处理
• ·流动率强的以太坊交易平台排名合集 买币不用等24小时提币的平台
• ·筛微信号男女软件-微信号筛选男女
• ·fil用什么软件挖矿-fil挖矿哪个平台最好
• ·英國金融科技巨頭 Revolut 傳計劃推出自己的穩定幣
• ·泰达币usdt交易平台有哪些？排名前十的最新泰达币交易app