DeFi lending protocol Sky to drop wrapped Bitcoin after governance vote

The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform. 

Decentralized finance pioneer Sky, formerly Maker, is forging ahead with a plan to offload wrapped Bitcoin collateral from the platform.

Following a governance vote that ran for three days and closed on Sept. 19, the DeFi lending and borrowing platform has ratified to remove its exposure to wrapped Bitcoin (WBTC).

The vote garnered overwhelming support from the Sky community with the proposal passing with 88.17% in approval pledging 95,826 MKR.

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The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform. 
Decentralized finance pioneer Sky, formerly Maker, is forging ahead with a plan to offload wrapped Bitcoin collateral from the platform.Following a governance vote that ran for three days and closed on Sept. 19, the DeFi lending and borrowing platform has ratified to remove its exposure to wrapped Bitcoin (WBTC).The vote garnered overwhelming support from the Sky community with the proposal passing with 88.17% in approval pledging 95,826 MKR.Read more