The community has recently circulated that Aave has also launched a proposal to divest wBTC. In this regard, founder Stani Kulechov came forward and stated that it was one of the risk providers who proposed a proposal to limit wBTC, which still needs to be discussed by the community. (Previous summary: MakerDAO (now SKY) announced that it will abandon WBTC! The first vote was held on 9/26, and 96 million magnesium has been shipped) (Background supplement: MakerDAO changed its name to "Sky" and Matic changed its name to "POL"...Rebranding can really bring Newborn? ) This article is a press release, written and provided by Hoshino, and does not represent the position of Dongzhong. On September 20, it was rumored that DeFi platform Aave launched a proposal to spin off wBTC. In response to this, Aave co-founder Stani Kulechov said: This is incorrect Yes, Aave is not phasing out wBTC, it is a proposal made by one of the risk providers to limit wBTC. Aave DAO is a true DAO, the proposal does not imply an exit decision, and this particular proposal is not about an exit. According to The Defiant report, ACI founder Zeller and some community representatives are opposed to this radical proposal. They call for a more cautious response. Currently, Aave has not taken offline or adjusted any wBTC-related parameters. Zeller even made it clear in the forum: Unless there are sufficient reasons, wBTC users have legitimate rights and interests to use the Aave protocol, and ACI will not support this proposal. According to the website of the American law firm Kneupper & Covey, the proposal initiated by BA Labs in the Sky community has no legitimate and objective basis. It even claims that there is no need to conduct due diligence at all, but insists on "delisting" the current situation of user loans. There is collateral wBTC. This proposal not only caused serious concerns in the market, including users' doubts about its true motives and the potential profits that liquidation would bring to Sky, but also forced liquidation to harm the interests of relevant users with opposing views. Kneupper & Covey specifically pointed out that given the high degree of internationalization of the wBTC ecosystem, Sky’s unilateral plan to divest wBTC collateral in an extremely short period of time may result in unsuspecting users being forced to face massive liquidations. It is understood that Sky officially passed the proposal to divest $200 million of wBTC mortgage asset exposure on the 20th, and about 12% of people abstained from voting. What is wBTC? wBTC is an ERC-20-compatible cryptocurrency anchored to Bitcoin. It aims to improve the liquidity of Bitcoin and provide more application scenarios for the DeFi ecosystem. wBTC is managed by the decentralized organization WBTC DAO. BitGo, Kyber Network, and Ren came up with the idea of ​​launching the token in 2019. There are currently more than 150,000 wBTC in existence, worth over $9 billion, making it the largest encapsulated BTC token. Related reports MakerDAO changed its name to "Sky" and Matic changed its name to "POL"... Can rebranding really bring new life? After MakerDAO changes its name to Sky, the ecosystem SparkLend will issue coins! How to get free airdrop? 〈Aave founder: The proposal to divest wBTC does not mean withdrawal, and Sky’s abandonment of wBTC may harm the DeFi ecology〉 This article was first published in Dongqu BlockTempo "Dongqu Dongzhi - the most influential blockchain news media".