According to Odaily, the DAI lending protocol Spark has announced new parameter changes being deployed on the Ethereum mainnet's SparkLend platform. The changes include a reduction in the effective DAI borrowing rate by 1 percentage point, lowering it from 9% to 8%, based on the latest recommendations from BA Labs. Additionally, the supply cap for weETH on the Ethereum mainnet will be increased to 200,000 weETH, and the debt ceiling for weETH in isolation mode will be raised to 200 million DAI. Furthermore, the Dai savings rate on the Ethereum mainnet will be reduced from 8% to 7%, pending approval from an execution vote. If the vote is approved, these changes will be available for deployment within 30 hours.
Spark Announces Parameter Changes On Ethereum Mainnet
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