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This is a goood point. I think this maybe one of their major profit generating use cases. but we only see what we know, we don't know if their Bitcoin custodian business has other use cases, and what percentage of their business those use cases are. In that case if they are mainly a Bitcoin Custodian in Asia this is a perfect strategy and Makerdao could just be an annoyance at this point.
RE: Cryptocurrency crisis as MakerDao votes to end accepting Wrapped Bitcoin as Collateral.