DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’

Bitcoin decentralized finance (DeFi) protocol Threshold is proposing to merge its own BTC “wrapper” token, tBTC, into Wrapped Bitcoin (WBTC) in a bid to “save WBTC” following concerns about an impending change in control of the popular BTC wrapper, according to an Aug. 29 proposal in Threshold’s governance forum.
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 Threshold aims to replace WBTC's centralized custody model with a more decentralized approach. This would involve transferring the management of the Bitcoin backing WBTC to the Threshold DAO, thereby enhancing security and stability 

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