- Edited
oops to be fair, we get more than just price exposure with wBTC; that flavor of BTC has the most integrations across DeFi for depositing and trading.
Agreed that we definitely don't want to deal with KYC/AML should we choose to redeem our wBTC for the real thing. If we were to choose to do that, the route could be WBTC -> RenVM (not renBTC) -> BTC multisig. So we wouldn't hold any renBTC, just use their bridge to get to solid BTC.
Of course, we'd give up the productive use of BTC, but it's the "real thing" in that case.
In either case, I still believe the best course is to start with wBTC first: WBTC to be the most productive, and can vote later to move to BTC thru renVM if we need to.