Dai stablecoin issuer MakerDAO has passed a governance proposal to remove the use of renBTC as collateral and reduce exposure to assets deemed risky by the DAO. The proposal was passed yesterday with 100% of MakerDAO delegates voting in favor.
"With Alameda filing for bankruptcy and the risk of renBTC decoupling increasing, we support OTC renBTC as collateral to minimize platform risk," said London Business School Blockchain, which represents MakerDAO. (The Block)
