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Maker: in the process of removing RETH-A vault from protocol, will transition to Spark

Maker: in the process of removing RETH-A vault from protocol, will transition to Spark

2024/01/23 16:44
MKR0.00%XOLDTOKEN0.00%DAI+0.01%

In a post on the X platform, Maker stated that the RETH-A vault type is being removed from the Maker protocol, signalling an opportunity for users to transition to Spark, where rETH remains a growing collateral asset. the RETH-A maximum debt cap has been lowered to zero, and an upcoming executive vote will deploy parameter changes to complete the process of RETH-A's exit. Spark offers rETH as a collateral asset, with approximately 40,000 rETH at the free supply cap, as well as over 400 million DAI available for borrowing, currently at a stable rate of 5.53%. Maker recommends that RETH-A users wishing to avoid liquidation repay their DAI debt in full and close all RETH-A vaults on the Maker protocol before completing the downgrade.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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