MakerDAO has passed and implemented a proposal to reduce the scale of WBTC collateral to address potential risks of custody rights changes.

PANews reported on August 16th that MakerDAO has passed and executed a series of proposals, including a proposal to reduce the scale of WBTC collateral. According to the proposal, the core fund will reduce the WBTC-A DC-IAM (Maximum Debt Ceiling) from 500 million to 0, the WBTC-B DC-IAM from 250 million to 0, the WBTC-C DC-IAM from 500 million to 0, disable WBTC borrowing in SparkLend, and drop the WBTC LTV from 74% to 0%. The proposal states that due to the potential risks of WBTC custody changes, the integration of WBTCCollateral on Maker and SparkLend will bring higher risks, and the above actions are taken to limit the rise in WBTC exposure.