Sky Releases Second Notice Regarding WBTC-A, WBTC-B, WBTC-C and WBTC Exit from SparkLend
English Translation:
Foresight News reports that DeFi protocol Sky (formerly MakerDAO) has issued a second notice regarding the withdrawal of WBTC-A, WBTC-B, WBTC-C, and WBTC from SparkLend. According to the plan outlined by Block Analitica, the withdrawal of WBTC from traditional vaults (WBTC-A, WBTC-B, and WBTC-C) and SparkLend will be conducted in multiple execution proposals, spread out over several steps, and will require management approval. The withdrawal process is expected to begin with an executive vote on September 26, 2024. WBTC users of traditional vaults and SparkLend are advised to follow Block Analitica's recommendations and close out their traditional vault and SparkLend positions secured by WBTC to avoid potential liquidation.