Aave 社区成员计划提出一项加入 Threshold Network 的 TBTC 计划

Unchained 了解到，Aave 社区的成员正在准备提出一项计划，为打包比特币 (WBTC) 的持有者提供以下选择：

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 获悉，Aave 社区成员正准备提出一项计划，允许包装比特币 (WBTC) 的持有者提供和借用 BTC 的替代代币化版本，以应对最近围绕 WBTC 多密钥的托管变化。签名钱包。替代版本是 Threshold Network 的 TBTC，其市值接近 1.772 亿美元。

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（一家主要借贷协议的服务提供商）的创始人 Marc Zeller 在 Telegram 上告诉 Unchained，他的组织正在努力加入 TBTC，并计划在下周之前就改进提案进行治理投票。

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 协议的联合作者 Matt Luongo 向 Unchained 证实，他正在与 Aave-Chain Initiative 合作开展入职流程，并正在等待风险管理公司 Chaos Labs 的风险分析。 “[Aave 改进提案] 中发生的另一件事就是完成代码，”Luongo 补充道。

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 的治理机构已就是否加入 TBTC 进行了论坛讨论，并于 2024 年 5 月通过了快照投票。然而，加密货币用户目前无法通过 Aave 在以太坊上的 V3 协议供应或借入 TBTC，而以太坊是该借贷协议总规模最大的市场。市场规模超过136亿美元。

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 上的加密用户目前可以提供和借入的唯一与比特币相关的资产是 WBTC。 Aave 场地的数据显示，目前 Aave 的以太坊 V3 市场上有 33,910 个 WBTC（价值超过 19 亿美元），其中借入总额约为 3,760 个 WBTC（价值近 2.137 亿美元）。 Zeller 指出，Aave 管理机构尚未就是否退出 WBTC 进行讨论或达成共识。

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.

据 Chaos Labs 称，Aave 迄今为止尚未退出 WBTC 的原因之一是它试图不危及重要的收入来源。

“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 的公共论坛上写道：“仅通过准备金因素，WBTC 的现有债务就产生了约 600 万美元的年化收入，而且需求继续以显着的速度增长。”

Maker’s Way Forward

创客的前进之路

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 的管理机构以其去中心化稳定币 DAI 而闻名，针对 BitGo 扩大拥有多重签名钱包密钥的各方数量（持有支持 WBTC 的比特币）的行为，Maker 的管理机构采取了更积极的态度。

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.

周四，Maker DAO 执行了一项提案，将所有 WBTC 金库的债务上限降至零，防止从 WBTC 金库进行任何新借款，并将 SparkLend 上 WBTC 的贷款价值 (LTV) 比率从 74% 降至 0%。这些变化的部分原因是 Maker 希望降低 Sun 参与 WBTC 运营所带来的风险。

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，区块链分析公司 Nansen 显示，Maker 的两个智能合约是 WBTC 的第八大和第九大持有者，总共持有 6,682 个 WBTC 代币，价值 3.777 亿美元。

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.

根据分析平台 MakerBurn 的数据，MakerDAO 与美元挂钩的加密货币 DAI 的市值为 52 亿美元，其中近 1.55 亿美元是通过 WBTC 抵押品铸造的。

“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.

“我认为 Aave 想要比 Maker 更温和一点，”TBTC 的 Luongo 说。 Maker 就好像我们不会接受 wBTC 的新贷款，我们会想办法解决问题，所以我认为 Aave… 想要做的，是为人们提供一种非常顺利的方式从WBTC 头寸转换为 TBTC 头寸，而不会立即伤害 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 补充道，“我们面临着这场生存危机（关于 WBTC 的托管变更），我认为 Aave 所做的更像是讨好 BTC 持有者，而不是 Maker 所做的，后者正在捍卫 DAI，所以这是风险的另一面频谱，”Luongo 说，并指出“两者都有道理。”

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 的数据显示，截至发稿时，Maker 的治理代币 MKR 在过去 24 小时内下跌 4.8%，交易价格为 1,954 美元，而 Aave 的原生加密货币 AAVE 同期上涨 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.

据 DefiLlama 称，Aave 和 Maker 是去中心化金融生态系统中第三和第四大协议，锁定的总价值分别约为 112 亿美元和 68 亿美元。