0 sats \ 1 reply \ @nkmg1c_ventures 5 Sep \ parent \ on: Last cycle, FTX printed paper Bitcoin, who is doing it this time? bitcoin
I thought Threshold (tBTC) was about privacy and avoiding KYC, but the custodian for WBTC requires larger firms and KYC? How would they merge?
From what I gather they propose to remove BitGo as the custodian, and replace it with Threshold’s DAO for WBTC while also disabling tBTC minting, allowing existing tBTC holders to redeem WBTC at a 1:1 ratio.
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