由于孙宇晨的参与，Sky（前身为 MakerDAO）计划将打包的比特币从其生态系统中移除

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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 的前身为 MakerDAO（借贷平台），由于贾斯汀·孙 (Justin Sun) 的参与引起的治理问题，计划逐步将 Wrapped Bitcoin ($wBTC) 从其生态系统中移除。在与 BitGo 达成重组协议后，贾斯汀·孙 (Justin Sun) 已成为 $wBTC 托管的关键参与者（通过 BiT Global），引发了治理和法律保证方面的担忧。 Sky 删除 $wBTC 将分几个阶段进行，第一次投票定于 2024 年 9 月 26 日进行。每个阶段都需要社区投票才能进行。该借贷平台目前持有 2 亿美元的 wBTC 支持贷款，这一决定可能会对借款人和更广泛的 DeFi 市场产生重大影响。

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

$wBTC 的市值为 $9B，在 DeFi 中发挥着巨大作用。但 Sky（以前称为 MakerDAO）正在考虑放弃它。

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 有什么问题？让我们仔细看看孙宇晨和 Sky 以及 Sky 的举动可能对 DeFi 产生的影响。

Why Is Sky Afraid of the Sun?

为什么天空害怕太阳？

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，前身为 MakerDAO（去中心化金融 – DeFi 的领导者），已发起一项治理提案，逐步将 Wrapped Bitcoin ($wBTC) 从其生态系统中剔除。

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

该公司担心颇受争议的 Tron 区块链创始人孙宇晨 (Justin Sun) 对 $wBTC 的托管和治理的影响。

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 的地位提升源于最近与 BitGo 达成的重组协议。 $wBTC 的托管权现在将由三个全球实体分配——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 代币（对于在以太坊等非比特币区块链上启用比特币功能至关重要）在 DeFi 领域发挥着至关重要的作用。它充当众多贷款和流动资金池的抵押品。

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，托管权的变化促使 BA Labs（一家 DeFi 风险管理咨询公司，Sky 的合作伙伴）推动从 Sky 生态系统中全额提取 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 强调了对新托管结构下的法律保证和治理的担忧，从而提出了逐步减少该资产风险的提议。

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). 

简而言之，BA Labs 和其他人似乎担心孙宇晨可能在控制 $wBTC 储备方面发挥直接作用。 Sun 并没有完美的业绩记录，BA 团队指出 True USD ($TUSD) 也有类似的情况。

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

自从 TUSD 被置于孙宇晨的控制之下，它的运营流程和透明度都出现了市场恶化……BA Labs 团队

Sun pushed back on these claims on X.

Sun 在 X 上反驳了这些说法。

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

这些保证就足够了吗？这很难说，但有迹象表明这对天空公司来说可能还不够。

The Sky Community Speaks

天空社区发言

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. 

退出过程将分为多个阶段，从 2024 年 9 月 26 日的投票开始。每一步都将涉及进一步的社区投入，从而使 Sky 能够在转移其 2 亿美元 wBTC 抵押贷款的同时降低风险。

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

假设这一举措成功，那么 DeFi 市场肯定会受到干扰。关键问题包括：

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

$wBTC 会发生什么？ Sky 会损失 2 亿美元的 wBTC 贷款吗？哪些竞争对手将填补 $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.

请记住，打包的比特币（或就此而言，打包的任何东西）自 2019 年才出现，即使按照加密标准来看也是新的。 $wBTC 很快成为在其他区块链上部署比特币的领先工具，但这个想法已经开始传播。

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.

甚至在消息发布之前，Coinbase 就推出了自己的“包装”比特币 $cbBTC。阈值也有 tBTC 美元。随着 Sky 开始退出流程，两家公司都将自己定位为夺取 $wBTC 的 $9B 市场份额。

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

并非巧合的是，Justin Sun 最近对 $cbBTC 作为 $wBTC 替代品的适用性进行了权衡。剧透：他不是粉丝。

Conclusion: DeFi Gets More Cautious

结论：DeFi 变得更加谨慎

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

孙宇晨和 $wBTC 的风暴会过去吗？也许。

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

然而，该提案也可能为去中心化金融领域的治理和风险管理树立新的先例。

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 这样的创始人和思想领袖退居二线，关注功能和实用性。对于 DeFi 流动性池来说，随着做市商考虑 $wBTC 替代品，必然会出现动荡。

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 是互联网上最古老的硬件、新闻和技术评论网站之一。我们保持编辑独立性，并认为内容质量和事实准确性对于我们的科技新闻报道来说是不可谈判的。