According to Techub News, MakerDAO plans to launch a proposal to "reduce the size of WBTC collateral" in the executive vote on August 12 to limit the growth of WBTC collateral and reduce risks: Core Treasury:
Reduce the WBTC-A DC-IAM quota (maximum collateral amount) from 500M to 0;
Reduce the WBTC-B DC-IAM quota (maximum collateral amount) from 250M to 0;
Reduce WBTC-C DC-IAM quota (maximum collateral amount) from 500M to 0.
SparkLend: Prohibits borrowing WBTC;
Reduce the collateralization ratio of WBTC loans from 74% to 0%.
BA Labs, a cryptocurrency risk analysis and assessment agency, said that given the upcoming change in WBTC custody, WBTC collateral integration faces a higher risk 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 address potential risks brought about by changes in WBTC custody rights.
