Spark: SparkLend plans to reduce the effective DAI loan interest rate to 8%, and the savings interest rate is expected to drop to 7%
The DAI lending agreement Spark announced on the X platform that new parameter changes are being deployed to SparkLend on the Ethereum mainnet:
1. According to the latest recommendations from BA Labs, Spark's effective DAI borrowing rate is reduced by one percentage point, from 9% to 8%.
2. The Ethereum mainnet will increase the supply cap of weETH to 200,000 weETH and raise the debt ceiling in isolated mode for weETH to 200 million DAI.
3. The Dai savings interest rate on the Ethereum mainnet is lowered; if this execution vote gets approved, Dai's saving interest rate will drop from 8% to 7%.
4. If the execution vote passes, these changes can be deployed within SparkLend within 30 hours after approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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