Maker posted on the X platform that according to the recent Maker Governance executive vote, the following changes will take effect at 23:45 tomorrow (Tuesday, November 21):
- Increase the maximum debt limit of Spark D3M from 400 million DAI to 800 million DAI;
- Increased SparkLend Gnosis Chain wstETH supply cap from 5,000 to 10,000;
- Reduced the LTV of the SparkLend Ethereum Dai market from 1 basis point to 0;
- Increased SparkLend Ethereum rETH supply cap from 60,000 to 80,000;
- Increased SparkLend Ethereum wstETH supply cap from 400,000 to 800,000;
- Adjust SparkLend Ethereum and Gnosis Chain ETH interest rate model parameters;
- Reactivate SparkLend Ethereum's WBTC market using the following parameters:
•Maximum LTV: 70%;
•Liquidation threshold: 75%;
•Liquidation penalty: 7%;
• Supply cap: 3,000 WBTC;
•Borrowing limit: 2,000 WBTC.