MakerDAO plans to reduce the size of WBTC collateral to deal with potential risks of custody changes

BlockBeats news, on August 11, MakerDAO plans to launch a "reduce WBTC collateral scale" proposal in the executive vote on August 12 to deal with the potential risks of custody changes. Including:

Core Treasury:

Reduce the WBTC-A DC-IAM quota (maximum collateral) from 500M to 0;

Reduce the WBTC-B DC-IAM quota (maximum collateral) from 250M to 0;

Reduce the WBTC-C DC-IAM quota (maximum collateral) from 500M to 0.

SparkLend:

Prohibit borrowing WBTC;

Reduce the loan collateral ratio of WBTC from 74% to 0%.

BA Labs, a crypto risk analysis and assessment agency, said that given the upcoming change in WBTC custody, WBTC collateral integration faces higher potential risks on Maker and SparkLend. If Bitgo or other relevant parties cannot convincingly prove the security of maintaining the existing WBTC collateral integration, BA Labs will consider further adjusting parameters to protect the protocol until WBTC collateral on Maker and SparkLend is completely removed.