Sky Advisor Proposes Halting New Core Vault Borrowing
BA Labs reports 771 open vaults and 376.33 million USDS in debt, with a proposal to halt new core vault borrowing.
A proposal submitted by Sky advisor BA Labs suggests halting new core vault borrowing within the protocol, according to TheDefiant. Under the proposed measures, borrowers would still retain the ability to repay debt and manage their collateral, but would be restricted from minting additional USDS.
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Data reported by BA Labs indicates that the protocol currently maintains 771 open vaults. Total outstanding debt across these positions stands at 376.33 million USDS.
Key facts
- BA Labs proposed halting new core vault borrowing.
- Borrowers retain the ability to repay debts and manage collateral.
- Minting new USDS would be restricted under the proposal.
- The protocol currently records 771 open vaults and 376.33 million USDS in debt.
Source: thedefiant.io
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