The Sky ecosystem initiates the withdrawal of WBTC from SparkLend
Publication Time:2024-09-14 08:57:08
The Sky ecosystem has released an updated announcement detailing plans for the withdrawal of WBTC-A, WBTC-B, WBTC-C, and the exit of WBTC from SparkLend. In line with the pre-planned steps, traditional vaults (WBTC-A, WBTC-B, and WBTC-C) and SparkLend's WBTC assets will be gradually transferred. The entire exit process is anticipated to commence with administrative votes starting on September 26, 2024. It is recommended that all users holding traditional vaults or SparkLend WBTC closely follow Block Analitica's suggestions, promptly closing any traditional vaults and SparkLend positions using WBTC as collateral to mitigate potential liquidation risks.
Sky ecosystem
SparkLend
WBTC withdrawal
multi-stage execution
administrative approval