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.

https://forum.threshold.network/t/savewbtc-a-merger-with-thresholds-tbtc/923

TheBTCManual

I thought Threshold (tBTC) was about privacy and avoiding KYC, but the custodian for WBTC requires larger firms and KYC? How would they merge?

bitcoin

Last cycle, FTX printed paper Bitcoin, who is doing it this time?

RoundaboutStacker

I thought Threshold (tBTC) was about privacy and avoiding KYC, but the custodian for WBTC requires larger firms and KYC? How would they merge? 