Spark Announces SparkLend Effective DAI Borrowing Rates to Drop to 8 Percent
Bitget2024/07/15 16:41
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%.
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