Sky, formerly known as Maker, has decided to dump its wrapped Bitcoin (WBTC) collateral after a vote that closed on September 19. 88.17% of participants supported the decision. 🗳️

The process will begin on October 3 and will end on November 28.

The reason? Concerns about WBTC control, possibly linked to Justin Sun and BitGo.

Sky is considering alternatives such as Coinbase's cbBTC and Threshold's tBTC.