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TechFlow reported on December 6 that, according to Cointelegraph, Sky (formerly MakerDAO) is using external owned accounts (EOAs) to manage its $756 million USDC reserve. A user raised concerns over the protocol's reliance on EOAs for managing such a large-scale reserve, amounting to as much as $756 million in USDC. Critics argue this custodial model could expose funds to potential exploits or internal misuse.
According to Cointelegraph, Sky (formerly MakerDAO) is managing its $756 million USDC reserves using external owned accounts (EOA). A user has questioned the protocol's reliance on EOAs for managing such a large-scale reserve—amounting to as much as $756 million in USDC. Critics argue that this custodial model could expose funds to potential exploits or internal misuse.
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