Aave 社群成員計劃提出一項加入 Threshold Network 的 TBTC 計劃

Unchained 了解到，Aave 社群的成員正在準備提出一項計劃，為打包比特幣 (WBTC) 的持有者提供以下選擇：

Members of the Aave community are preparing to propose a plan that would allow holders of wrapped bitcoin (WBTC) to supply and borrow an alternative tokenized version of BTC, Unchained has learned, in response to the recent custodial changes surrounding the keys to WBTC’s multi-signature wallet. The alternative version would be Threshold Network’s TBTC, which has a market cap of almost $177.2 million.

Unchained 獲悉，Aave 社群成員正準備提出一項計劃，允許包裝比特幣 (WBTC) 的持有者提供和借用 BTC 的替代代幣化版本，以應對最近圍繞 WBTC 多密鑰的託管變更。替代版本是 Threshold Network 的 TBTC，其市值接近 1.772 億美元。

Marc Zeller, the founder of Aave-Chan Initiative, a service provider for the dominant lending protocol, told Unchained on Telegram that his organization is working to onboard TBTC and aims to have a governance vote on the improvement proposal by next week.

Aave-Chan Initiative（一家主要藉貸協議的服務提供者）的創始人 Marc Zeller 在 Telegram 上告訴 Unchained，他的組織正在努力加入 TBTC，併計劃在下週之前就改進提案進行治理投票。

Matt Luongo, the co-author of the TBTC protocol, confirmed to Unchained that he is working with the Aave-Chain Initiative on the onboarding process and is waiting to get a risk analysis from Chaos Labs, a risk management firm. “The other piece that’s happening with the [Aave Improvement Proposal] is just the code getting done,” Luongo added.

TBTC 協議的共同作者 Matt Luongo 向 Unchained 證實，他正在與 Aave-Chain Initiative 合作開展入職流程，並正在等待風險管理公司 Chaos Labs 的風險分析。 「[Aave 改進提案] 中發生的另一件事就是完成程式碼，」Luongo 補充道。

Aave’s governance body has conducted forum discussions on whether to onboard TBTC and passed a snapshot vote on it in May 2024. However, crypto users can’t currently supply or borrow TBTC through Aave’s V3 protocol on Ethereum, the lending protocol’s largest market with a total market size of more than $13.6 billion.

Aave 的治理機構已就是否加入TBTC 進行了論壇討論，並於2024 年5 月通過了快照投票。該借貸協議總規模最大的市場。

The only bitcoin-related asset that crypto users on Aave can currently supply and borrow is WBTC. 33,910 WBTC — worth more than $1.9 billion — currently sits in Aave’s Ethereum V3 markets, of which roughly 3,760 WBTC, worth almost $213.7 million, is the total amount borrowed, data from Aave’s venue shows. Zeller pointed out that Aave’s governing body has not yet had a discussion nor reached a consensus on whether to offboard WBTC.

Aave 上的加密用戶目前可以提供和借入的唯一與比特幣相關的資產是 WBTC。 Aave 場地的數據顯示，目前 Aave 的以太坊 V3 市場上有 33,910 個 WBTC（價值超過 19 億美元），其中藉入總額約為 3,760 個 WBTC（價值近 2.137 億美元）。 Zeller 指出，Aave 管理機構尚未就是否退出 WBTC 進行討論或達成共識。

According to Chaos Labs, one reason why Aave has not offboarded WBTC so far is that it is trying not to imperil a substantial source of revenue.

據 Chaos Labs 稱，Aave 迄今尚未退出 WBTC 的原因之一是它試圖不危及重要的收入來源。

“The existing debt against WBTC generates approximately $6 million in annualized revenues from the reserve factor alone, with demand continuing to grow at a notable pace,” Chaos Labs wrote in Aave’s public forums.

Chaos Labs 在 Aave 的公共論壇上寫道：“僅通過準備金因素，WBTC 的現有債務就產生了約 600 萬美元的年化收入，而且需求繼續以顯著的速度增長。”

Maker’s Way Forward

創客的前進之路

The governing body of Maker, widely known for its decentralized stablecoin DAI, has taken a more aggressive approach in its response to BitGo expanding the number of parties possessing the keys to the multi-signature wallet holding the bitcoins backing WBTC.

Maker 的管理機構以其去中心化穩定幣DAI 而聞名，針對BitGo 擴大擁有多重簽名錢包密鑰的各方數量（持有支持WBTC 的比特幣）的行為，Maker 的管理機構採取了更積極的態度。

On Thursday, Maker DAO executed a proposal that reduces the debt ceiling for all WBTC vaults to zero, preventing any new borrowing from WBTC vaults and decreasing WBTC’s loan-to-value (LTV) ratio on SparkLend from 74% to 0%. The changes came in part because Maker wanted to reduce the risk arising from Sun’s involvement with WBTC operations.

週四，Maker DAO 執行了一項提案，將所有WBTC 金庫的債務上限降至零，防止從WBTC 金庫進行任何新借款，並將SparkLend 上WBTC 的貸款價值(LTV) 比率從74% 降至0% 。這些變化的部分原因是 Maker 希望降低 Sun 參與 WBTC 營運所帶來的風險。

Maker holds a substantial amount of WBTC, with blockchain analytics firm Nansen showing that two of Maker’s smart contracts are the eighth and ninth largest holders of WBTC, collectively holding 6,682 WBTC tokens, representing $377.7 million.

Maker 持有大量 WBTC，區塊鏈分析公司 Nansen 顯示，Maker 的兩個智能合約是 WBTC 的第八大和第九大持有者，總共持有 6,682 個 WBTC 代幣，價值 3.777 億美元。

DAI, MakerDAO’s cryptocurrency pegged to the U.S. dollar, has a market cap of $5.2 billion, and nearly $155 million of which has been minted from WBTC collateral, according to analytics platform MakerBurn.

根據分析平台 MakerBurn 的數據，MakerDAO 與美元掛鉤的加密貨幣 DAI 的市值為 52 億美元，其中近 1.55 億美元是透過 WBTC 抵押品鑄造的。

“I think that Aave wanted to be a little bit more gentler than Maker,” said TBTC’s Luongo. Maker was like we aren’t going to accept new loans for wBTC and we’re going to figure things out, and so I think [what] Aave… wanted to do, instead, was give people a really smooth way to migrate from a WBTC position to a TBTC position without immediately hurting WBTC holders.

「我認為 Aave 想要比 Maker 更溫和一點，」TBTC 的 Luongo 說。 Maker 就好像我們不會接受 wBTC 的新貸款，我們會想辦法解決問題，所以我認為 Aave… 想要做的，是為人們提供一種非常順利的方式從WBTC 頭寸轉換為TBTC 頭寸，而不會立即傷害WBTC 持有者。

Luongo added that “we have this existential crisis [about WBTC’s custodial changes]] and I think that what Aave is doing is more like courting BTC holders versus what Maker is doing, which is defending DAI, and so it’s a different side of the risk spectrum,” Luongo said, noting that “both make sense.”

Luongo 補充道，「我們面臨著這場生存危機（關於WBTC 的託管變更），我認為Aave 所做的更像是討好BTC 持有者，而不是Maker 所做的，後者正在捍衛DAI，所以這是風險的另一面頻譜，」Luongo 說，並指出“兩者都有道理。

Maker’s governance token MKR has decreased 4.8% in the last 24 hours to trade at $1,954 at presstime, while Aave’s native cryptocurrency AAVE has increased 1.3% in the same time period to $106.48, data from CoinGecko shows.

CoinGecko 的數據顯示，截至發稿時，Maker 的治理代幣 MKR 在過去 24 小時內下跌 4.8%，交易價格為 1,954 美元，而 Aave 的原生加密貨幣 AAVE 同期上漲 1.3%，至 106.48 美元。

Aave and Maker are the third and fourth largest protocols in the decentralized finance ecosystem with a total value locked of roughly $11.2 billion and $6.8 billion, respectively, according to DefiLlama.

據 DefiLlama 稱，Aave 和 Maker 是去中心化金融生態系統中第三和第四大協議，鎖定的總價值分別約為 112 億美元和 68 億美元。