Spark Announces SparkLend Effective DAI Borrowing Rates to Drop to 8 Percent

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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%.

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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