Spark Announces SparkLend Effective DAI Borrowing Rates to Drop to 8 Percent
On July 16, according to official news, MakerDAO's lending protocol Spark announced that the following parameters of SparkLend will be updated:
- Reduce Spark's effective DAI lending rate to 8%;
- Increase the weETH supply limit to 200,000 weETH;
- Increase the weETH Segregated Model Debt Cap to 200 million DAI;
The following parameters of Spark Cash & Savings will be updated:
- The DAI Deposit Rate (DSR) will be reduced to 7%.
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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