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Gate Square New & Returning Creator Rewards are ongoing!
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The $wBTC Custody Risk Nobody Talks About:
$12B+ in wrapped Bitcoin sitting in centralized custody.
BitGo holds the keys to all of it. Single point of failure.
One regulatory letter, one hack, one bankruptcy - and that entire market has a problem.
@PortaltoBitcoin approach: no wrapping, no custodian, no minting.
You swap native $BTC directly across chains via atomic swaps.
Funds never leave your control.
Not saying $wBTC is going to zero, but worth asking why Bitcoin needs a custodian to participate in DeFi when the tech exists to avoid it entirely.