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The MakerDAO governance poll to increase the weETH capacity in SparkLend has been approved. šŸ”¹Increase the weETH supply cap to 200,000 weETH šŸ”¹Increase the weETH isolation mode debt ceiling to 200 million DAI #maker #makerdao #weETH #BinanceTournament #Megadrop
The MakerDAO governance poll to increase the weETH capacity in SparkLend has been approved.

šŸ”¹Increase the weETH supply cap to 200,000 weETH
šŸ”¹Increase the weETH isolation mode debt ceiling to 200 million DAI

#maker #makerdao #weETH #BinanceTournament #Megadrop
Quick Guide: Upgrading your Mode weETHOkay, folks, hereā€™s a quick-start guide. In fact, weā€™re gonna start with the TL;DR: TL;DR -Ā There are two weETH tokens fromĀ #EtherFi Ā on Mode rn. #weETH and weETH.mode - the latter is the modern one. Why the change? The new weETH.mode is deployed through the OFT standard, it allows users to bridge to and from Mode in under 5 minutesĀ andĀ to all other chains supported by LayerZero (thatā€™s like, a lot). So, with that in mind, if you have any weETH on Mode (esp if itā€™s in an LP), yaā€™ll better move to migrate. Hereā€™s how: Quick Start Guide Head over to yourĀ OLDĀ weETH-ETH LP Position page and hit that transfer button.2. Next up,Ā removeĀ andĀ burnĀ the OLD weETH-ETH position. Itā€™s out with the old, in with the new. 3. Once you see the confirmation message, simply select the 'Done' button. 4. Time for the swap! Your tokens will already display, pairing OLD weETH with New weETH. Just hit "Proceed to Swap" to confirm. Easy, right? 5. Create your NEW weETH.MODE<>ETH position now. 6. And just like that, you'll receive a confirmation message completing the transfer process. Keep enjoying your boosted rewards! Fin We like to end Mirror posts with ā€œfinā€ because it kinda sounds fancy. Follow us onĀ X, join us onĀ Discord, and ride the wave.

Quick Guide: Upgrading your Mode weETH

Okay, folks, hereā€™s a quick-start guide. In fact, weā€™re gonna start with the TL;DR:
TL;DR -Ā There are two weETH tokens fromĀ #EtherFi Ā on Mode rn. #weETH and weETH.mode - the latter is the modern one. Why the change? The new weETH.mode is deployed through the OFT standard, it allows users to bridge to and from Mode in under 5 minutesĀ andĀ to all other chains supported by LayerZero (thatā€™s like, a lot).
So, with that in mind, if you have any weETH on Mode (esp if itā€™s in an LP), yaā€™ll better move to migrate. Hereā€™s how:
Quick Start Guide

Head over to yourĀ OLDĀ weETH-ETH LP Position page and hit that transfer button.2. Next up,Ā removeĀ andĀ burnĀ the OLD weETH-ETH position. Itā€™s out with the old, in with the new.

3. Once you see the confirmation message, simply select the 'Done' button.

4. Time for the swap! Your tokens will already display, pairing OLD weETH with New weETH. Just hit "Proceed to Swap" to confirm. Easy, right?

5. Create your NEW weETH.MODE<>ETH position now.

6. And just like that, you'll receive a confirmation message completing the transfer process. Keep enjoying your boosted rewards!

Fin
We like to end Mirror posts with ā€œfinā€ because it kinda sounds fancy.
Follow us onĀ X, join us onĀ Discord, and ride the wave.
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