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Sky votes to remove Wrapped Bitcoin as collateral amid community concerns – TON BOT

Sky votes to remove Wrapped Bitcoin as collateral amid community concerns

Sky, formerly MakerDAO, voted to remove Wrapped Bitcoin (WBTC) as collateral for borrowing, with a process starting on Oct. 3 and expected to conclude by Nov. 14. Despite concerns voiced by BitGo’s CEO about the impact on users, 88.1% voted in favor, prompting SparkLend to implement changes to reduce WBTC’s attractiveness as collateral.

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