On September 13th, BA Labs published a governance article proposing a phased reduction in the wBTC collateral exposure of the Sky platform through five steps. The aim is to mitigate potential risks and ensure the platform's safety. BA Labs noted that after legal due diligence, they found insufficient evidence to provide adequate assurance. Therefore, starting from September 26th, the Sky platform will initiate the withdrawal process. Upon completion of all stages, the Sky platform will no longer hold any collateralized assets related to wBTC. Currently, the total amount of wBTC collateralized loans on the Sky lending platform, SparkLend, is approximately $73 million; while the legacy vaults of Sky have wBTC collateralized debt amounting to $127 million. Once the proposal is approved, the Sky platform plans to introduce alternative products to enrich its ecosystem and further drive the diversification of the platform.