**News Flash: Sky Reconsiders Offboarding Wrapped Bitcoin**
Sky, formerly known as Maker, is rethinking its plan to remove Wrapped Bitcoin (WBTC) as collateral for its lending protocol. This comes after a recommendation from BA Labs on Sept. 24, following discussions with BitGo co-founder Mike Belshe.
Key Points:
- BitGo clarified management and custody changes for WBTC and committed to a 60-day notice for future changes.
- BA Labs noted that with these commitments and reduced WBTC exposure ($170M in total borrowing), the risk is now more acceptable.
- An executive vote on the new recommendations is set for Oct. 3.
Previously, a governance vote on Sept. 19 favored offboarding WBTC, but recent clarifications may change the course.