BlockBeats news, on September 20, the lending platform Sky (formerly MakerDAO) has passed a proposal to divest $200 million of WBTC collateral asset exposure. The vote began on Monday and lasted for three days, with 88% of participants voting in favor of abandoning wBTC and proposing five separate proposals to implement a five-step exit process. About 12% abstained.
After the vote, Sky will advance the delisting of WBTC, with the first phase starting on October 3 and the final phase ending on November 28.
BA Labs mentioned in its proposal to divest WBTC that there are risks for Tron founder Justin Sun to participate in the underlying asset custodian BiTGlobal. BitGo, the original custodian of WBTC, announced in August that it plans to transfer control of the asset to a joint operator with BiT Global, whose regulatory operations are based in Hong Kong.
