đ Big news in the DeFi world! Sky (formerly MakerDAO) might hit the brakes on offboarding wrapped bitcoin (WBTC) as collateral. Why? Influential advisor BA Labs had a change of heart after a chat with BitGo's CEO, Mike Belshe.
đ Belshe clarified that Justin Sun won't have unilateral control over WBTC's new custody setup. This eased BA Labs' concerns, leading them to recommend pausing the offboarding process.
đŹ Got thoughts on this? Drop them in the comments! Let's discuss how this impacts the $9.7B WBTC market and the broader DeFi ecosystem. đ #DeFi #Web3 #CryptoNews