對 MakerDAO 託管 WBTC 的擔憂

BitGo 最近宣布將 Wrapped Bitcoin (WBTC) 產品的控制權轉讓給與 BiT Global 的合資企業，引發了擔憂

BitGo recently announced that it will be transferring control of the Wrapped Bitcoin (WBTC) product to a joint venture with BiT Global. This move has raised concerns within the MakerDAO community.

BitGo 最近宣布，將把 Wrapped Bitcoin (WBTC) 產品的控制權轉讓給與 BiT Global 的合資企業。此舉引起了 MakerDAO 社群的擔憂。

The restructuring is set to be completed in 60 days and will see a collaboration with Justin Sun and the Tron ecosystem. Notably, WBTC custody will be moving to multiple jurisdictions, including Hong Kong and Singapore, in a significant shift from its current custody in the United States.

此次重組預計將在 60 天內完成，並將與孫宇晨和 Tron 生態系統合作。值得注意的是，WBTC 託管將轉移到多個司法管轄區，包括香港和新加坡，這與目前在美國的託管發生了重大轉變。

Justin Sun's involvement in this new control structure has raised particular worries, especially given his past experience with the control of the TrueUSD (TUSD) stablecoin. Since TUSD was transferred to their control, the currency has faced issues with operational transparency and deteriorating processes, including the suspension of real-time proof of reserves and several disruptions in redemption services.

孫宇晨參與這項新的控制結構引起了特別的擔憂，特別是考慮到他過去控制 TrueUSD (TUSD) 穩定幣的經驗。自從 TUSD 被轉移到他們的控制之下，該貨幣就面臨營運透明度和流程惡化的問題，包括暫停即時儲備證明以及多次贖回服務中斷。

Against this backdrop, BA Labs, a web3 risk analysis team, has warned of the potential risks that MakerDAO could be opening itself up to by continuing to allow WBTC to serve as collateral for the minting of its DAI stablecoin. To mitigate these risks, BA Labs has proposed several actions.

在此背景下，web3 風險分析團隊 BA Labs 警告稱，MakerDAO 繼續允許 WBTC 作為鑄造 DAI 穩定幣的抵押品可能會面臨潛在風險。為了減輕這些風險，BA 實驗室提出了多項行動。

Among their recommendations is a reduction of the debt limits on WBTC core vaults to zero and the disabling of WBTC lending on the SparkLend protocol. These measures are intended to limit MakerDAO’s exposure to any potential issues arising from the change of control of WBTC and ensure the stability of the protocol.

他們的建議包括將 WBTC 核心金庫的債務限額降低至零，並禁止 SparkLend 協議上的 WBTC 借貸。這些措施旨在限制 MakerDAO 面臨因 WBTC 控制權變更而產生的任何潛在問題，並確保協議的穩定性。

The MakerDAO community is now engaged in a discussion regarding these recommendations, with some members supporting the caution suggested by BA Labs and others viewing the proposed measures as extreme.

MakerDAO 社群目前正在就這些建議進行討論，一些成員支持 BA Labs 提出的謹慎態度，而其他成員則認為所提議的措施過於極端。

Given the importance of WBTC collateral in the decentralized finance (DeFi) ecosystem, any such decision is bound to be taken with great care. Meanwhile, BitGo has sought to allay concerns by assuring that the underlying security of WBTC will not change with the new structure. BitGo CEO Mike Belshe has emphasized that the company will continue to co-sign transactions and that custody will be adequately secured.

鑑於 WBTC 抵押品在去中心化金融 (DeFi) 生態系統中的重要性，任何此類決定都必須非常謹慎。同時，BitGo 試圖透過確保 WBTC 的基礎安全性不會因新結構而改變來減輕擔憂。 BitGo 執行長 Mike Belshe 強調，該公司將繼續共同簽署交易，並且託管將得到充分保障。

However, BA Labs has pointed out that critical information is missing from BitGo's announcement, including the corporate details of BiT Global and the reasoning behind the restructuring. Additionally, Galaxy Digital's recent failed acquisition of BitGo has raised concerns about BitGo's financial stability, heightening worries about the counterparty risk that BitGo could pose to MakerDAO and other protocols relying on WBTC as collateral.

然而，BA Labs 指出，BitGo 的公告中缺少關鍵訊息，包括 BiT Global 的公司詳細資訊以及重組背後的原因。此外，Galaxy Digital 最近收購 BitGo 的失敗引發了人們對 BitGo 財務穩定性的擔憂，加劇了人們對 BitGo 可能給 MakerDAO 和其他依賴 WBTC 作為抵押品的協議帶來的交易對手風險的擔憂。

As the MakerDAO community continues to deliberate on the best course of action, the DeFi ecosystem is keeping a close watch on the developments concerning WBTC and its future governance. Whatever decision is made by MakerDAO could have significant implications for the stability of DAI and the role of WBTC within the crypto space at large.

隨著 MakerDAO 社群繼續審議最佳行動方案，DeFi 生態系統正在密切關注 WBTC 及其未來治理的進展。無論 MakerDAO 做出什麼決定，都可能對 DAI 的穩定性以及 WBTC 在整個加密領域的作用產生重大影響。