MakerDAO plans to initiate a proposal to reduce the size of WBTC collateral in the executive vote on August 12, including: Core Treasury: Reduce the WBTC-A DC-IAM quota (maximum collateral) from 500M to 0; Reduce the WBTC-B DC-IAM quota (maximum collateral) from 250M to 0; Reduce the WBTC-C DC-IAM quota (maximum collateral) from 500M to 0. SparkLend: Prohibit borrowing WBTC; Reduce the loan collateral ratio of WBTC from 74% to 0%. Crypto risk analysis and assessment agency BA Labs said that given the upcoming change in WBTC custody, WBTC collateral integration faces higher risks on Maker and SparkLend. If BitGo or other relevant parties cannot convincingly prove the security of maintaining the existing WBTC collateral integration, BA Labs will consider further adjusting parameters to protect the protocol until WBTC collateral on Maker and SparkLend is completely removed. BA Labs believes that the above actions are taken to limit the growth of WBTC exposure and respond to potential risks brought about by changes in WBTC custody.

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