Over $30 Million in WBTC Redeemed by Crypto Investors as MakerDAO Halts New Loans
The Impact of MakerDAO’s Decision to Halt Borrowing Against WBTC MakerDAO, the decentralized autonomous organization behind the DeFi protocol Maker, has recently made a significant decision to halt new borrowing against BitGo’s wrapped Bitcoin (WBTC). This move, which was approved through a proposal, has sparked discussions within the crypto community. What Led to This Decision?…