According to Odaily Planet Daily, Phoenix Labs proposed a new proposal to increase the capacity of weETH on the MakerDAO governance forum and has opened on-chain voting on the Maker governance portal, which will last for 3 days. The proposal points out that since mid-June, weETH has been in strong demand, and deposits have reached millions of dollars in the first few weeks of integration with SparkLend. Therefore, Phoenix Labs proposed changes to the weETH collateral parameters on the Ethereum mainnet to enhance the user experience and increase the ability to borrow DAI on a large scale. The proposed changes include: the weETH supply cap increased from 50,000 weETH to 200,000 weETH; the weETH isolation mode debt cap increased from 50 million DAI to 200 million DAI.