BA Labs proposed WBTC related parameter adjustment suggestions on the MakerDAO forum, aiming to drop WBTC risk

BlockBeats news, on August 13th, MakerDAO stated on social media that BA Labs has proposed a series of WBTC-related parameter adjustment suggestions on the Maker forum, aiming to drop the risks associated with WBTC Collateral in the Maker protocol’s core WBTC vault and SparkLend. These adjustment suggestions aim to stop new borrowing against WBTC Collateral and will be voted on in an upcoming executive vote. If approved, these adjustments will not affect existing loan positions, whether in the Maker protocol’s core WBTC vault or in SparkLend; they will only prevent any further borrowing based on WBTC. Here are the details of the proposed parameter adjustments: Core vault: · WBTC-A DC-IAM line (Maximum DC): drop to 0. · WBTC-B DC-IAM line (Maximum DC): drop to 0. · WBTC-C DC-IAM line (Maximum DC): drop to 0. SparkLend: · Disable WBTC borrowing. · Drop WBTC LTV from 74% to 0%. For users who have borrowed against WBTC Collateral in the Maker protocol’s core WBTC vault or SparkLend, the implementation of these adjustments will not have any impact on their existing positions or loan parameters.