Sky Consultant BA Labs proposed to suspend new borrowing from the core treasury

The advisor BA Labs of the DeFi lending protocol Sky has proposed a plan to suspend new borrowings from the Core Vault. Data disclosed by BA Labs shows that there are currently 771 open vaults with a total debt of 376.33 million USDS.

According to the proposal, borrowers can still make normal repayments and manage their collateral during the suspension period, but they will not be able to borrow new USDS. This adjustment targets new borrowing exposure, and existing positions will not be affected.