MakerDAO has passed the proposal to reduce the size of WBTC collateral

According to BlockBeats, on August 16, MakerDAO launched a proposal to "reduce the size of WBTC collateral" on August 12 to deal with the potential risks of changes in custody rights. It has been used and implemented. Including:

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 the WBTC-C DC-IAM quota (maximum collateral amount) from 500M to 0.

SparkLend: Disable borrowing of WBTC; Reduce the collateralization ratio for WBTC loans from 74% to 0%.

BlockBeats previously reported that BA Labs, a crypto risk analysis and assessment agency, said that given the upcoming change in WBTC custody, WBTC collateral integration faces higher potential 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.