ChainCatcher news, MakerDAO rebrands Sky announced on the X platform that SparkLend will become the first token of Stars (formerly known as subDAO before the rebranding).Subject to governance approval, the SparkLend token SPK will be distributed to eligible users through Sky Token Rewards, who deposit (stablecoin) USDS to acquire new tokens during each new Star token release.SPK pre-farming has been running for over a year, allowing SparkLend users to receive pre-allocations, which will be claimable at the launch of SPK.

ChainCatcher news, Phoenix Labs CEO and MakerDAO lending application SparkLend founder Sam MacPherson posted on X that the debt ceiling for the weETH isolation mode has been increased to 200 million USD.

ChainCatcher message, according to official news, the Maker governance portal has opened a new execution vote involving the following changes:Stability Range Parameter UpdateStability fee reduction: involves ETH-A, ETH-B, ETH-C, WSTETH-A, WSTETH-B, WBTC-A, WBTC-B, WBTC-C;DSR reduction: from 8% down to 7%;Update Chainlink Keeper Network Treasury AddressThis is a necessary condition to facilitate the upgrade of Chainlink Automation from v2.0 to v2.1 for MakerDAO;Aave-SparkLend Revenue Sharing PaymentThe smart contract address controlled by Aave Governance will pay 219,125 DAI as part of the Aave-SparkLend revenue sharing;June 2024 Adjusted Delegate CompensationA total of 209.17 MKR will be allocated for this;Spark Proxy SpellDeploy the following changes on SparkLend:Reduce the Spark effective DAI borrowing rate by 1 percentage point to 8%;Increase the weETH supply cap to 200,000 weETH;Increase the weETH isolation mode debt ceiling to 200 million DAI.

According to ChainCatcher news, Compound has introduced USDC.e as a borrowable asset on Gnosis Chain, which is a new version of the USDC token aligned with Circle's official standards. To ensure that SparkLend users continue to access USDC liquidity, USDC.e has been integrated into SparkLend. The initial parameters include:Optimal utilization rate: 95%Supply cap: 10 million USDC.eBorrowing cap: 8 million USDC.e

ChainCatcher message, the decentralized lending market Spark stated on social media that less than a week after the launch of weETH on SparkLend, users have deposited approximately 26 million dollars worth of weETH.

ChainCatcher news, according to the governance page, the MakerDAO community voted to approve the proposal to "increase the SparkLend D3M debt ceiling to 1.2 billion DAI," which can be executed after 8:55 AM Beijing time on January 14, 2024.

ChainCatcher message, according to the governance page, the Scroll team has posted a proposal on the MakerDAO governance forum, proposing to deploy SparkLend to the Scroll network.