Odaily Planet Daily latest report! MakerDAO is undergoing major changes, and Sky will vote to completely remove wBTC from its ecosystem. This move may have a far-reaching impact on the DeFi field, as the platform currently has up to $200 million in wBTC collateralized loans.

BA Labs proposed to gradually divest all wBTC collateral asset exposure in five steps, with the first step to be launched on September 26. Each step will be decided by voting. BA Labs said that legal due diligence could not provide sufficient guarantees, so this plan was proposed.

If the proposal is passed, BA Labs plans to introduce alternative products. At present, the wBTC collateralized loan value on Sky's lending platform SparkLend is about $73 million, and the wBTC collateralized debt in the legacy vault is about $127 million.

The Bitcoin market is still optimistic, and future development is worth looking forward to! 🚀