A new proposal to increase weETH capacity is up for voting in the Maker Governance Portal. Since mid-June, weETH has seen strong demand, with deposits reaching several million within the first weeks of its integration into SparkLend. Due to this demand, the @phoenixlabsdev team has proposed changes to the weETH collateral parameters on Ethereum Mainnet to enhance the user experience and improve the ability to borrow DAI at scale. Based on an assessment by @blockanalitica, the proposed changes are: • weETH supply cap max: Increase from 50,000 weETH to 200,000 weETH. • weETH isolation mode debt ceiling: Increase from 50 million DAI to 200 million DAI. For the full reasoning behind this proposal, read the original post in the Maker Forum: https://t.co/05XIgzynkN Check the poll in the Maker Governance Portal ↓