Spark: SparkLend's effective DAI borrowing Interest Rate is expected to be reduced to 8%, and savings Interest Rate is expected to be reduced to 7%.

Jinse Finance reported that DAI lending protocol Spark announced that new parameter changes are being deployed to SparkLend on the Ethereum mainnet.

1. According to the latest suggestion from BA Labs, the effective DAI borrowing Intrerest Rate dropped by 1 percentage point from 9% to 8%;
2. The ETH mainnet will increase the supply ceiling of weETH to 200,000 weETH and raise the debt ceiling of weETH isolation mode to 200 million DAI;
3. The Dai savings interest rate on the ETH mainnet is being lowered. If this vote is approved, the Dai savings interest rate will be reduced from 8% to 7%.
4. If the vote is passed, the above changes will be deployable within 30 hours after approval within SparkLend.