🚀 Sky (formerly Maker) is shaking things up! The DeFi platform has proposed dropping Wrapped Bitcoin (WBTC) as collateral, citing concerns over its ties to Justin Sun. 🌐

- Sky's governance forum announced the offboarding on Sept. 12.

- Users are advised to close WBTC positions on SparkLend by Sept. 26 to avoid liquidation.

- SparkLend currently has $73M in WBTC debt collateral and $127M in legacy vaults.

The team highlighted "significant counterparty risks" due to Sun's track record. Alternatives like Coinbase’s cbBTC and Threshold’s tBTC are being considered. What do you think about this move? Share your thoughts below! 💬