On September 13th, according to a governance article released Thursday, MakerDAO's rebranded Sky will vote to completely remove wBTC from its ecosystem. This could be a major development in DeFi, as the platform holds $200 million worth of wBTC collateral.

BA Labs, an influential figure in Sky protocol governance, had previously proposed reducing investment in wBTC, citing concerns over Tron founder Justin Sun's involvement as a custodian of the underlying asset.

On Thursday, BA Labs proposed a five-step gradual divestment of all wBTC collateral exposure, starting September 26th. Each step will be voted on. "We find that legal due diligence cannot provide sufficient assurance," BA Labs stated in its proposal.