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Sky Advisor Proposes Halting New Core Vault Borrowing

Sky Advisor Proposes Halting New Core Vault Borrowing
AI summary

A Sky advisor, BA Labs, has proposed halting new borrowing from Core Vaults, which currently hold 771 open vaults and 376.33 million USDS in debt. Existing borrowers could still repay and manage collateral, but would be unable to mint additional USDS. The move signals tighter risk controls on Sky's credit expansion, which traders may read as a constraint on USDS supply growth.

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