Yes, they released a Medium article for their V2: New Shinobi V2 Model - Shinobi Protocol - Medium
So a stable pair sBTC/sWBTC (from Axelar, as our bridge will be decommissioned) is a very good way for the treasury to be exposed to Bitcoin in the mid-term future, once the treasury depth is secured.
But that is for the third-step of the bonding policy imho.