MarkDAO, the DAI stablecoin issuer, passed a governance proposal to remove renBTC from being used as collateral and reduce exposure to what it described as a risky asset. The contagion effect of the FTX and its research collapse have compelled a lot of crypto projects to cut ties and simultaneously carry out different face-saving measures. The current action of MarkDAO is one such measure. Recall that the RenBTC is a wrapped bitcoin asset developed by the Alameda Research-backed project calle...
