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：发现基金)

• ·期末余额计算公式是什么
• ·10月31日浙商汇金新兴消费混合净值增长0.91%，近3个月累计上涨20.54%
• ·孙国栋股票-孙国栋股票群一级账户是真的吗
• ·以太坊gas价格
• ·微软记事本新增生成式AI写作辅助功能，Windows 11迎来多项AI工具更新
• ·10月31日建信电子行业股票C净值增长1.48%，近6个月累计上涨35.77%
• ·btc支付平台-btc支付系统
• ·aeon币多少钱
• ·以太坊持有 2,370 美元的支撑位，但鲸鱼活动警告……
• ·虚拟币交易所网站-虚拟币交易所网站日本
• ·个税是退税个人还是公司
• ·黄牛适合在什么温度-黄牛适合在什么温度生长
• ·股票有多少理论-股票有多少理论股
• ·调整以前年度管理费用分录怎么做
• ·虚拟货币第三大交易所 十大区块链平台2025
• ·10月31日广发鑫源混合A净值增长1.36%，近3个月累计上涨11.44%