<ul><li>Threshold Network has proposed further decentralizing BitGo’s Wrapped Bitcoin (WBTC) amid its recent challenges in the DeFi market.</li><li>Matt Luongo, founder of Thesis, outlined the goal of expanding the number of signers involved in managing WBTC using the Threshold Network.</li><li>WBTC's custody shifted to a structure spread across three countries, employing a multi-signature system.</li><li>The proposal aims to gradually increase the number of signers, creating a decentralized custody system for WBTC.</li></ul>

Threshold Network proposes bold plan to further decentralize WBTC

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