Composite Founder Votes Against Increasing WBTC Collateral Factor

2020-7-8 18:08
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According to BlockBeats, Compound founder Robert Leshner recently challenged the latest proposal to increase the platform's WBTC value from 0 to 65%. According to Robert Leshner, collateralized WBTC is very dangerous due to its low liquidity and the potential for a technical default that could wipe out all assets. As of 6:00 p.m. on July 8, a total of 669,872 votes from 39 constituencies and 353,204 votes from 85 constituencies agreed to raise WBTC lending rates, with protesters having the better of it.

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