WBTC陷信任危机 tBTC能否趁势而起

币界网Published on 2024-08-16Last updated on 2024-08-16

币界网报道:

作者:crv.mktcap.eth,加密KOL;翻译:0xxz@

上周,BitGo宣布将交出WBTC的控制权,在接下来的周末引发了对包装BTC的健康状况担忧。

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为什么有些人会担心孙宇晨(Justin Sun)拥有更大的WBTC战略权力?

DeFi潮的那代人可能还记得孙晨宇之前的比特币包装产品HBTC,但它的表现欠佳。目前,它的交易价格更接近USDT,而不是BTC。

这次会有所不同吧。

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精明的孙晨宇很快澄清了他在生态中的确切角色。尽管如此,DeFi用户还是发起了一场关于WBTC在生态中发挥何种作用的严肃讨论。

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WBTC因其相对集中化而受指摘,然而,最大的BTC包装产品在竞争中脱颖而出。上个周期,

CurveFinance特别将WBTC与Ren的renBTC和Synthetix的sBTC汇聚在一起,这两个产品现在都不存在了。

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除了WBTC还有其他选择吗?到目前为止,还没有完美的解决方案。

一个诱人的选择是frxBTC,据传它即将准备就绪。虽然很诱人,但degens的要求是“现在,立刻,马上”。

Avax也有一个托管解决方案BTC.B。

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WBTC最明显的替代品是Threshold Network的tBTC。除了更加去中心化之外,tBTC在规模上也表现出了林迪效应:

•v1: 4年

•v2: 1.5年

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在BitGo的宣布之后,MakerDAO对关闭所有的WBTC债务进行了激烈辩论。然后,构成约10%的DAI支持,放弃WBTC将需要一个强大的替代品。tBTC进入人们的视线也就不足为奇了:

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tBTC具有良好的DeFi采用率。它在Curve Finance上被广泛使用。除了在主要的稳定和波动池中积极交易外,tBTC还支持crvUSD稳定币。

一些交易员已经开始轮换交易:

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这场风暴真的会导致tBTC/WBTC暴跌吗?在公告发布后不久,小时图显示价格出现了一些变动。但我们预计,暴跌不会马上发生。

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过去一周里,两种包装BTC代币的市值都相当稳定。即使被人们大肆讨论,两者都没有表现出大量流入或流出。

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两者的市值相差甚远:

WBTC:15.5万BTC

tBTC:3000 BTC

这确实是“疯狂的护城河!”WBTC以最薄的利润运营着。价值90亿美元的BTC净赚手续费只有1270万美元。

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因此,WBTC不太可能很快消失。它在这么多轮周期中积累的流动性和集成不会很快被取代,尤其是在该代表继续运行并保持挂钩的情况下。

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尽管如此,如果你想促进一个更加去中心化的未来,下次你想桥接BTC到ETH时,你可能会考虑铸造tBTC。

关于如何使用tBTC的详细信息请参考:

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