The MakerDAO community has recently voted to cancel the RENBTC-A vault type and will initiate the liquidation process

ChainCatcher news, MakerDAO officially announced that the MakerDAO governance department voted to cancel the RENBTC-A vault type, and all renBTC-A positions with a collateralization ratio below 5000% will be liquidated after the vote confirmation on December 7. The cross-chain protocol Ren was acquired in collaboration with Alameda and the former leadership of Ren, but due to Alameda's bankruptcy, the Ren development team will disable Ren 1.0 minting and shut down the Ren 1.0 network after 30 days.

According to the recommendations of the risk core group, disabling minting means that renBTC could potentially decouple, while disabling burning means that MakerDAO will delist collateral for a limited time to reduce future potential risks. The MakerDAO governance department approved a series of liquidation parameters, and users still have the opportunity to avoid liquidation before the vote passes. (Source link)