DAIstablecoin issuer MakerDAOto reduce risk in the stablecoin collateral vault. renBTCdeprecates it.
In the crypto industry of FTXbankruptcy caused derivative projects to enter into turbulent situations. FTXand AlamedaProjects with products make an intense effort to survive after the process. Alameda Researchinsupported by Ren Protocolthe product of renBTC , faced with various speculations. As part of security and fraud measures, studies have been carried out to remove this pair from the crypto ecosystem. FTXAn anonymous hacking, stealing assets renBTC tried to launder it. After these processes MakerDAOvoted to remove renBTC from stablecoin collateral.
MakerDAO Community Makes Its Decision
stablecoin issuer and DAOwith platform MakerDAO, renBTC presented his decision to the community. The community of the popular project preferred that this pair be removed from the collateral vault.
renBTCcollateralize and of the DAOThe team, who wanted to protect its healthy progress, also received support from the community vote. Alameda Researchpurchased by Ren Protocol, located at the target of the arrows.
of renBTC The team behind it announced that it will launch a new version. The team made a request to its users to upgrade to this new version. According to the request, users would burn their old tokens and demand the new version. After this decision MakerDAO, decided to remove the coin from their collateral, which they thought could come out of Bitcoin stability.
