Wu said that Phoenix Labs has initiated a new proposal to increase weETH capacity in the MakerDAO governance forum and has opened a 3-day on-chain vote on the Maker governance portal. The proposal proposes to change the weETH collateral parameters on the Ethereum mainnet to enhance the user experience and improve the ability to borrow DAI on a large scale. The proposed changes are as follows: weETH supply cap: from 50,000 weETH to 200,000 weETH; weETH isolation mode debt cap: from 50 million DAI to 200 million DAI.
