[ARFC] Adjusting WBTC Parameters to Address BitGO Transition Risks

Hello, We thanks @LlamaRisk for this analysis.

As said earlier, wBTC users are legitimate users of the aave protocol.

The @ACI will not support any scenario hurting them beyond absolute necessity. We are in favor of including diversity (if governance approves it, cbBTC and tBTC will join Aave on Monday) and, if needed, creating incentives to migrate positions by both push and pull factors.

The proposed plan is too harsh, and we will not vote for it.

We do echo the part about limiting wBTC growth with a supply cap cut.

2 Likes