Key Points:
This proves that Maker’s increase in DSR to 8% has caused a large number of users to join the platform to gain arbitrage. Specifically, users will borrow Dai at a lower interest rate and deposit them back into the platform to take advantage of the EDSR.
On August 9, Rune Christensen, co-founder of MakerDAO, made a proposal referring to SparkDAO’s SPK airdrop and SubDAO’s token economy, smaller autonomous organizations forked from the DAO structure present, that everyone is interested in. The proposal says to create new governance tokens for MakerDAO’s new lending protocol Spark Protocol and distribute them as rewards to users.
The Spark Protocol is the first product in Maker Endgame’s transition. With Maker increasing DSR (DAI deposit ratio) to 8%, users are more likely to have Spark exposure. The “Use Dai” button on the official MakerDAO website has been moved to the Spark homepage.
From here, you can deposit collateral to borrow DAI or deposit DAI into a DSR contract as sDAi to receive an 8% return. It can be seen that Maker currently supports Spark.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…
Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…
Palo Alto, California, 21st November 2024, Chainwire
Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…
London, United Kingdom, 21st November 2024, Chainwire
The move will see developers utilize USDC on Aptos in creating dApps on a wide…
This website uses cookies.