WBTC 舆论危机下，tBTC 崭露头角

深潮Publicado em 2024-08-16Última atualização em 2024-08-16

比起比特币，HBTC 的价格更接近 USDT。

作者：crv.mktcap.eth

编译：Alex Liu，Foresight News

WBTC 的利空，会是 tBTC 的利好吗？

以为可以在周末安心 Touch Grass ？可惜有新的 FUD 出现了！

上周，BitGo 发布了将交出 WBTC 的控制权的公告，在周末期间引发了人们对 WBTC 项目健康度的担忧。（在公告中，Bitgo 表示该行为是与孙宇晨和波场生态的战略合作。）

Bitgo 公告

为什么有人会对孙宇晨对 WBTC 拥有更多战略权力感到担忧？

DeFi 的初代玩家可能还记得孙宇晨之前推出的比特币包装代币 HBTC ，后来它的结果不佳 —— 目前交易价格更接近于 USDT ，而不是 BTC 。

HBTC 在 CoinMarketCap 上的价格

这次情况会有所不同吗？

孙宇晨很快就他在生态系统中的确切角色做出了澄清：

孙宇晨相关声明

尽管如此，DeFi 用户发起了关于 WBTC 在生态系统中的作用的严肃讨论。

WBTC 因其相对中心化而受到批评，他们试图证明自己可靠的话术是「BitGo 的资产负债表很强劲，如果这确实是一个问题，我们很乐意向适当的律师证明这一点。」相比于话术，tBTC 拥有链上储备证明。

WBTC 仍是最大的 BTC 包装代币，超越其所有竞争对手。在上一个周期，在 Curve Finance 上和 WBTC 有过双币交易对的其他 BTC 包装代币有：Ren 协议的 renBTC 和 Synthetix 的 sBTC，但两者现均不复存在。

WBTC 还有什么其他替代品？目前很难说有完美的解决方案。

一个吸引人的选择是 frxBTC ，据传它「很快」就将推出。但 Degen 们要的是「现在」而不是「很快」。

Frax 创始人表示「很快会有 frxBTC」

实际上，WBTC 当下最可行的替代方案是 TheTNetwork（Threshold Network）的 tBTC，除了更加去中心化之外， tBTC 也展示了长期大规模的可靠运营：

v1： 4 年
v2： 1.5 年

BitGo 宣布最新决定后，Maker DAO 激烈争论关闭所有 WBTC 债务，而它构成了 DAI 约 10% 抵押物，放弃 WBTC 需要一个强大的替代品。毫不奇怪， tBTC 进入了讨论范围：

tBTC 拥有良好的 DeFi 采用率。它在 Curve Finance 得到了大量用例。除了在主要的稳定和波动池中被活跃交易外， tBTC 还可铸造 crvUSD 稳定币。

一些交易员已经开始了转换，crvUSD 鲸鱼正参与这场 WBTC / tBTC 的辩论？

巨鲸用户使用 tBTC 参与 DeFi

这场风暴可能会导致 $tBTC / $WBTC 价格翻转吗？

Bitgo 的消息得到传播后，小时图显示价格出现一些变动。

但我们预计这种转变实际上不会很快发生。

过去一周，两种 BTC 包装代币的市值都相当稳定。即使在争论中，这两种代币都没有出现大幅流入或流出。

而两者的市值更是相差甚远：

WBTC ：155000 BTC
tBTC ：3000 BTC

WBTC 确实拥有着一条「疯狂的护城河」！并且它的利润率非常低。价值 90 亿美元的 BTC 只赚取了 1200 万美元的费用。因此， WBTC 不太可能很快消失。

包装代币在如此多的周期中积累的流动性和集成不会很快被取代，尤其是在代币正常运行并保持 Peg 的情况下。

尽管如此，如果想促进更加去中心化的未来，当你希望从 BTC 过渡到 ETH 时，可以考虑铸造 $tBTC 。可以从 wBTC 兑换为 tBTC，并将其兑换回原生 BTC 妥善保管（或继续使用 tBTC 作为 DeFi 抵押品）。

tBTC 在链上具有不错的流动性

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