tBTC – Decentralized Enough?
This report aims to determine whether tBTC, which promotes itself as non-custodial and decentralized, is able to serve as a stronger alternative to the regulatory-friendly yet un-blacklistable WBTC.
WBTC
Wrapped Bitcoin (WBTC)
Many have assumed that I am wholly and entirely against the existence of wrapped assets like WBTC. I am not.
It’s clear that wrapped assets on Ethereum have a strong use case for many. However, no two wrapped assets are alike. Most people don’t take the time to understand the nuances of each, and are therefore unable to develop an appropriate risk framework based on those nuances.