是时候 #saveWBTC 并让 DeFi 变得更强大了

为了保护 Wrapped Bitcoin (WBTC) 的未来，去中心化金融 (DeFi) 协议 Threshold 提出了战略整合

In a bid to ensure the future of Wrapped Bitcoin (WBTC), decentralized finance (DeFi) protocol Threshold is proposing a strategic integration of its own BTC “wrapper” token, tBTC. The move comes amid increasing concerns about the governance transitions of WBTC, which could potentially render it unstable and insecure.

为了确保 Wrapped Bitcoin (WBTC) 的未来，去中心化金融 (DeFi) 协议 Threshold 提议对其自己的 BTC“包装”代币 tBTC 进行战略整合。此举发生之际，人们越来越担心 WBTC 的治理过渡，这可能会导致其不稳定和不安全。

The initiative will see tBTC merging with WBTC in a bid to enhance the BTC wrapper’s credibility and trust reputation. The scheme involves tBTC replacing WBTC’s centralized model with a more decentralized one. To facilitate this integration, Threshold will be allocating an additional 15% of tBTC’s total supply, currently valued at around $36.4 million, to BitGo.

该计划将使 tBTC 与 WBTC 合并，以提高 BTC 包装器的可信度和信任声誉。该计划涉及 tBTC 用更加去中心化的模型取代 WBTC 的中心化模型。为了促进这一整合，Threshold 将额外向 BitGo 分配 tBTC 总供应量的 15%（目前价值约 3640 万美元）。

As a major asset in the crypto space, Wrapped Bitcoin boasts a total value of $9 billion and is extensively utilized across DeFi platforms and exchanges. Currently serving as the custodian of WBTC, BitGo is transitioning into a joint venture with BiT Global.

作为加密货币领域的主要资产，Wrapped Bitcoin 总价值高达 90 亿美元，并在 DeFi 平台和交易所广泛使用。 BitGo 目前作为 WBTC 的托管人，正在转型为与 BiT Global 的合资企业。

This shift aims to expand jurisdictional and institutional custody options. However, recent events, such as the alleged mishandling of Justin Sun-affiliated projects and the withdrawal of 12,000 BTC from the USDD stablecoin, have sparked controversy.

这一转变旨在扩大管辖权和机构托管选择。然而，近期孙宇晨关联项目涉嫌处理不当、USDD稳定币被撤回12,000 BTC等事件引发争议。

In response to these developments, prominent DeFi protocols like MakerDAO and Aave are reconsidering their exposure to WBTC. MakerDAO has already implemented a halt to new Wrapped Bitcoin borrowings, with potential plans to completely offboard the asset. Meanwhile, Aave is closely monitoring the situation and preparing to take necessary actions to maintain market stability.

为了应对这些发展，MakerDAO 和 Aave 等著名 DeFi 协议正在重新考虑其对 WBTC 的投资。 MakerDAO 已经停止了新的 Wrapped 比特币借贷，并有可能计划完全剥离该资产。与此同时，Aave正在密切关注事态发展，并准备采取必要行动维护市场稳定。

Threshold’s proposal presents a viable solution, offering a secure and more stable alternative. The plan combines WBTC’s liquidity, user base, and market presence with the decentralized and permissionless nature of tBTC. This approach aims to not only maintain the safety of the additional collateral but also provide reassurance to users and DeFi protocols that heavily rely on WBTC.

Threshold 的提议提出了一个可行的解决方案，提供了安全且更稳定的替代方案。该计划将 WBTC 的流动性、用户基础和市场影响力与 tBTC 的去中心化和无需许可的性质结合起来。这种做法不仅是为了维护额外抵押品的安全，也是为了给严重依赖 WBTC 的用户和 DeFi 协议提供保障。

According to BitGo’s proposal for the issuance of 1.65 billion tBTC tokens, the Token would emerge as the largest stakeholder in Threshold Network. Consequently, its influence would be channeled through participation in the bridge while still preserving decentralization. The integration will commence with Threshold obtaining merchant privileges for WBTC, followed by the control of the Wrapped Bitcoin DAO shifting to Threshold DAO.

根据 BitGo 发行 16.5 亿个 tBTC 代币的提议，该代币将成为 Threshold Network 的最大利益相关者。因此，其影响力将通过参与桥梁来发挥，同时仍保持权力下放。整合将从 Threshold 获得 WBTC 的商家特权开始，随后 Wrapped Bitcoin DAO 的控制权将转移到 Threshold DAO。

In subsequent phases, the focus will be on migrating the total value locked in Wrapped Bitcoin to Threshold’s decentralized model. If BitGo chooses to decline the proposal, an exit mechanism will be triggered, potentially including coverage of expenses and assistance with transitions to instruments like tBTC or cbBTC.

在后续阶段，重点将是将 Wrapped Bitcoin 中锁定的总价值迁移到 Threshold 的去中心化模型。如果 BitGo 选择拒绝该提案，将触发退出机制，可能包括费用承担以及向 tBTC 或 cbBTC 等工具过渡的协助。