对 MakerDAO 托管 WBTC 的担忧

BitGo 最近宣布将 Wrapped Bitcoin (WBTC) 产品的控制权转让给与 BiT Global 的合资企业，引发了担忧

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，将把 Wrapped Bitcoin (WBTC) 产品的控制权转让给与 BiT Global 的合资企业。此举引起了 MakerDAO 社区的担忧。

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.

此次重组预计将在 60 天内完成，并将与孙宇晨和 Tron 生态系统进行合作。值得注意的是，WBTC 托管将转移到多个司法管辖区，包括香港和新加坡，这与目前在美国的托管发生了重大转变。

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.

孙宇晨参与这一新的控制结构引起了特别的担忧，特别是考虑到他过去控制 TrueUSD (TUSD) 稳定币的经验。自从 TUSD 被转移到他们的控制之下，该货币就面临着运营透明度和流程恶化的问题，包括暂停实时储备证明以及多次赎回服务中断。

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 风险分析团队 BA Labs 警告称，MakerDAO 继续允许 WBTC 作为铸造 DAI 稳定币的抵押品可能会面临潜在风险。为了减轻这些风险，BA 实验室提出了多项行动。

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.

他们的建议包括将 WBTC 核心金库的债务限额降低至零，并禁止 SparkLend 协议上的 WBTC 借贷。这些措施旨在限制 MakerDAO 面临因 WBTC 控制权变更而产生的任何潜在问题，并确保协议的稳定性。

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 社区目前正在就这些建议进行讨论，一些成员支持 BA Labs 提出的谨慎态度，而其他成员则认为所提议的措施过于极端。

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.

鉴于 WBTC 抵押品在去中心化金融 (DeFi) 生态系统中的重要性，任何此类决定都必须非常谨慎。与此同时，BitGo 试图通过确保 WBTC 的基础安全性不会因新结构而改变来减轻担忧。 BitGo 首席执行官 Mike Belshe 强调，该公司将继续共同签署交易，并且托管将得到充分保障。

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 的公告中缺少关键信息，包括 BiT Global 的公司详细信息以及重组背后的原因。此外，Galaxy Digital 最近收购 BitGo 的失败引发了人们对 BitGo 财务稳定性的担忧，加剧了人们对 BitGo 可能给 MakerDAO 和其他依赖 WBTC 作为抵押品的协议带来的交易对手风险的担忧。

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.

随着 MakerDAO 社区继续审议最佳行动方案，DeFi 生态系统正在密切关注 WBTC 及其未来治理的进展。无论 MakerDAO 做出什么决定，都可能对 DAI 的稳定性以及 WBTC 在整个加密空间中的作用产生重大影响。