Why is WBTC important? Analysis of the impact of depegging, this round of decline has also caused another thought in the market. (The inaccurate knowledge of braised chicken 1)

The latest decline is also because of him, so it can be summarized in one sentence.

TUSD has been questioned by the market for its stability because of Sun, so this time the control of WBTC has come to Sun, and naturally MKR began to propose to abandon the anchor of WBTC. If WBTC loses its anchor with these DEFIs, its role will naturally be gone, and the value of DEFI will be lost.

Market concerns: The market is most worried about Sun's operations. The market has no supervision and some basic controls, and the cost of Sun's evil deeds is a bit low, so everyone is no longer skeptical about WBTC, but there is a high probability that Sun will do evil. Since we know the probability of future evil deeds, it is better to break away from the anchor now.

The value of WBTC: WBTC is actually a token on Ethereum, used to connect the value of Bitcoin and Ethereum. To put it bluntly, it is to get a Bitcoin account here and deposit a Bitcoin, and then Ethereum will mint a WBTC, and the value is anchored to BTC.

Then the value of WBTC is to perform the DEFI function on Ethereum.

Impact of depegging: If WBTC is depegged, first of all, the original leverage of nearly 10 billion US dollars will be shattered. If calculated according to finance, the market will eliminate nearly 100 billion bubbles in a certain period of time, and more may be eliminated without a suitable anchor.

Summary: WBTC depegging will be terrible, so DEFI is considering solving this problem. Even if it may cause the entire volume of encryption to collapse in the short term, these DEFIs have to do so, because if they do not depeg, Sun may bury a bigger mine in the future. #WBTC #WBTC脱锚