1
Spark Protocol is striking up against its DAI debt limit after raising the ceiling from $20 Million to $200 Million.
2
Spark Protocol offers a new and innovative way to lend and borrow DAI within DeFi, offering attractive borrowing rates and passive income.
Spark Protocol, is a lending protocol designed by MakerDAO to offer DeFi loans by obtaining liquidity straight from the Maker. The platform was launched by MakerDAO on 9 May 2023, to offer more innovative and efficient services related to lending and borrowing. The platform recently emerged in the headlines and stirred the crypto landscape.
Why has the Spark Protocol Boomed?
Within two weeks after raising the ceiling from $20 Million to $200 Million, Spark Protocol skyrocketed against its DAI debt limit. Surprisingly, all these happened in only eight days of time as users borrowed around $180 Million DAI in this time period.
According to Blockanalitica, the pool utilization at presen
We współpracy z: https://www.thecoinrepublic.com/2023/08/19/spark-protocol-makerdaos-money-market-bumping-max-out-200m/
