由於孫宇晨的參與，Sky（前身為 MakerDAO）計劃將打包的比特幣從其生態系統中移除

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Sky, formerly MakerDAO (a lending platform), plans to gradually remove Wrapped Bitcoin ($wBTC) from its ecosystem due to governance concerns related to Justin Sun’s involvement. Justin Sun has become a key player in $wBTC’s custody (through BiT Global) after a restructuring deal with BitGo, raising governance and legal assurance concerns. Sky’s removal of $wBTC will occur over several phases, with the first vote scheduled for September 26, 2024. Each phase will require community voting to proceed. The lending platform currently holds $200M in $wBTC-backed loans, and the decision could significantly affect borrowers and the broader DeFi market.

Sky 的前身為 MakerDAO（借貸平台），由於賈斯汀·孫 (Justin Sun) 的參與引起的治理問題，計劃逐步將 Wrapped Bitcoin ($wBTC) 從其生態系統中移除。在與 BitGo 達成重組協議後，賈斯汀·孫 (Justin Sun) 已成為 $wBTC 託管的關鍵參與者（透過 BiT Global），引發了治理和法律保證方面的擔憂。 Sky 刪除 $wBTC 將分幾個階段進行，第一次投票定於 2024 年 9 月 26 日進行。該借貸平台目前持有 2 億美元的 wBTC 支援貸款，這項決定可能會對借款人和更廣泛的 DeFi 市場產生重大影響。

With a market cap of $9B, $wBTC plays a huge role in DeFi. But Sky – formerly MakerDAO – is considering dropping it.

$wBTC 的市值為 $9B，在 DeFi 中發揮巨大作用。但 Sky（以前稱為 MakerDAO）正在考慮放棄它。

What’s the problem with $wBTC? Let’s take a closer look at Justin Sun and Sky and the impact that Sky’s move might have on DeFi.

$wBTC 有什麼問題？讓我們仔細看看孫宇晨和 Sky 以及 Sky 的舉動可能對 DeFi 產生的影響。

Why Is Sky Afraid of the Sun?

為什麼天空害怕太陽？

Sky, formerly known as MakerDAO (a leader in decentralized finance – DeFi), has initiated a governance proposal to gradually offboard Wrapped Bitcoin ($wBTC) from its ecosystem. 

Sky，前身為 MakerDAO（去中心化金融 – DeFi 的領導者），已發起一項治理提案，逐步將 Wrapped Bitcoin ($wBTC) 從其生態系統中剔除。

The company worries about the influence of Justin Sun, the controversial founder of the Tron blockchain, on the custody and governance of $wBTC. 

該公司擔心頗受爭議的 Tron 區塊鏈創始人孫宇晨 (Justin Sun) 對 $wBTC 的託管和治理的影響。

Sun’s increased role stems from a recent restructuring deal with BitGo. Custody of $wBTC will now be split across three global entities – which now include BiT Global, Sun’s firm.

Sun 的地位提升源自於最近與 BitGo 達成的重組協議。 $wBTC 的託管權現在將由三個全球實體分配——其中包括 Sun 的公司 BiT Global。

The $wBTC token (essential in enabling Bitcoin functionality on non-Bitcoin blockchains like Ethereum) plays a vital role in the DeFi space. It serves as collateral for numerous loans and liquidity pools.

$wBTC 代幣（對於在以太坊等非比特幣區塊鏈上啟用比特幣功能至關重要）在 DeFi 領域發揮著至關重要的作用。它充當眾多貸款和流動資金池的抵押品。

However, the custody changes prompted BA Labs (a DeFi risk management advisory firm and partner in Sky) to push for a full $wBTC withdrawal from Sky’s ecosystem. 

然而，託管權的變化促使 BA Labs（一家 DeFi 風險管理顧問公司，Sky 的合作夥伴）推動從 Sky 生態系統中全額提取 wBTC。

BA Labs highlighted concerns about legal assurances and governance under the new custodial structure, leading to a proposal to gradually reduce exposure to the asset.

BA Labs 強調了對新託管結構下的法律保證和治理的擔憂，從而提出了逐步減少該資產風險的提議。

In short, BA Labs and others seem concerned that Justin Sun could play a direct role in controlling the $wBTC reserves. Sun doesn’t have a perfect track record, and the BA team pointed to a similar situation with True USD ($TUSD). 

簡而言之，BA Labs 和其他人似乎擔心孫宇晨可能在控制 $wBTC 儲備方面發揮直接作用。 Sun 並沒有完美的業績記錄，BA 團隊指出 True USD ($TUSD) 也有類似的情況。

Since TUSD was placed into Justin Sun’s control, it has seen market deterioration in operational processes and transparency…BA Labs Team

自從 TUSD 被置於孫宇晨的控制之下，它的營運流程和透明度都出現了市場惡化…BA Labs 團隊

Sun pushed back on these claims on X.

Sun 在 X 上反駁了這些說法。

Will those reassurances be enough? It’s hard to tell, though something tells us it might not be enough for Sky and Co.

這些保證就足夠了嗎？這很難說，但有跡象表明這對天空公司來說可能還不夠。

The Sky Community Speaks

天空社區發言

The offboarding process will have multiple stages, starting with a vote on September 26, 2024. Each step will involve further community input, allowing Sky to mitigate risks while transitioning its $200M in $wBTC-collateralized loans. 

退出過程將分為多個階段，從 2024 年 9 月 26 日的投票開始。

Assuming the move pans out, there’s sure to be disruption in the DeFi market. Key questions include:

假設這項舉措成功，那麼 DeFi 市場肯定會受到干擾。關鍵問題包括：

What will happen to $wBTC? Will Sky suffer from losing $200M in $wBTC loans? Which competitors will fill $wBTC’s shoes?

$wBTC 會發生什麼事？ Sky 會損失 2 億美元的 wBTC 貸款嗎？哪些競爭對手將填補 $wBTC 的空缺？

Remember that wrapped Bitcoin (or wrapped anything, for that matter) has only been around since 2019, new even by crypto standards. $wBTC quickly became the leading tool for deploying Bitcoin on other blockchains, but the idea has already begun to spread.

請記住，打包的比特幣（或就此而言，打包的任何東西）自 2019 年才出現，即使按照加密標準來看也是新的。 $wBTC 很快就成為在其他區塊鏈上部署比特幣的領先工具，但這個想法已經開始傳播。

Even before the news, Coinbase launched its own ‘wrapped’ Bitcoin, $cbBTC. Threshold also has $tBTC. Both are positioning themselves to capture some of $wBTC’s $9B market share as Sky begins the offboarding process.

甚至在消息發布之前，Coinbase 就推出了自己的「包裝」比特幣 $cbBTC。閾值也有 tBTC 美元。隨著 Sky 開始退出流程，兩家公司都將自己定位為奪取 $wBTC 的 $9B 市場。

Not coincidentally, Justin Sun recently weighed in on the suitability of $cbBTC as a $wBTC replacement. Spoiler: he’s not a fan.

並非巧合的是，Justin Sun 最近對 $cbBTC 作為 $wBTC 替代品的適用性進行了權衡。劇透：他不是粉絲。

Conclusion: DeFi Gets More Cautious

結論：DeFi 變得更加謹慎

Will the storm blow over for Justin Sun and $wBTC? Perhaps. 

孫宇晨和 $wBTC 的風暴會過去嗎？也許。

However, the proposal could also set a new precedent for governance and risk management within the decentralized finance landscape. 

然而，該提案也可能為去中心化金融領域的治理和風險管理樹立新的先例。

One where founders and thought leaders like Sun take a back seat to function and utility. And for DeFi liquidity pools, there’s bound to be turmoil as market makers consider $wBTC alternatives.

像 Sun 這樣的創辦人和思想領袖退居二線，專注於功能和實用性。對於 DeFi 流動性池來說，隨著做市商考慮 $wBTC 替代品，必然會出現動盪。

Tech Report is one of the oldest hardware, news, and tech review sites on the internet. We maintain editorial independence and consider content quality and factual accuracy to be non-negotiable for our tech news coverage.

Tech Report 是網路上最古老的硬體、新聞和技術評論網站之一。我們保持編輯獨立性，並認為內容品質和事​​實準確性對於我們的科技新聞報導是不可協商的。