DAI lending protocol Spark announced on X Platform that new parameter changes are being deployed to SparkLend on the Ethereum mainnet:
1. Based on the latest recommendations from BA Labs, Spark's effective DAI borrowing rate is reduced by 1 percentage point, from 9% to 8%;
2. The Ethereum mainnet will increase the weETH supply limit to 200,000 weETH and the weETH isolation mode debt limit to 200 million DAI;
3. The Dai savings rate on the Ethereum mainnet is reduced. If this executive vote is approved, the Dai savings rate will be reduced from 8% to 7%.
4. If the executive vote is passed, the above changes will be available for deployment in SparkLend within 30 hours of approval.