Maker DAO To Reduce Borrowing Fees And Increase Spark Debt Ceiling


Fees will drop 2 ppts to 13%, while the debt ceiling will rise to $2.5 billion from $1 billion.

MakerDAO, the decentralized lending protocol and issuer of the DAI stablecoin, has approved an executive proposal that brings a series of changes to the protocol.

Changes include a 2 percentage point drop in stability fees for ETH, stETH, BTC, and WBTC; raising SparkLend’s debt ceiling to $2.5 billion from $1 billion, funding $100 million into DAI liquidity pools on Morpho through Spark, decreasing DAI’s savings rate to 13% from 15%, among other changes.

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Dropping stability fees today come less than a month after MakerDAO voted on March 10 to raise fees by 140% to prevent “DAI demand spike.”