Sky, the decentralized finance (DeFi) lending platform formerly known as MakerDAO, has approved a plan to remove wrapped bitcoin (WBTC) collateral following a community vote. The vote was supported by 88% of participants. đŹ
- The $200 million loan on the Sky platform is collateralized by WBTC.
- The first phase will begin on October 3, with the final phase set to conclude on November 28.
- BA Labs has highlighted the risks associated with Justin Sunâs relationship with BiTGlobal.
How do you think this decision will affect the DeFi market? Share your thoughts in the comments! đ
