đ Big news in DeFi! Sky (formerly MakerDAO) is voting on ditching wrapped bitcoin (wBTC) from its ecosystem. With $200M in loans collateralized by wBTC, this could be a game-changer! đ„
BA Labs, a key player in Sky's governance, raised concerns over Tron founder Justin Sun's involvement with wBTC's custodian. They propose a 5-step offboarding plan starting Sep. 26. đ
Competitors are buzzing! With $73M in loans on SparkLend and $127M in Sky's vaults, alternatives like dlcBTC, tBTC, and FBTC are gaining traction. Coinbase even launched its own wBTC rival today!
What do you think? Share your thoughts below! đ
