To enhance control and encourage the adoption of Dai, Maker launched Spark Lend, its proprietary downstream lending protocol. This innovative protocol capitalizes on Maker's unique set of tools to effectively manage the supply of Dai and maintain a stable borrowing rate, which currently stands just above 1%. By doing so, users can benefit from a more dependable borrowing experience. Ultimately, Maker's overarching objective is to bolster the robustness of Dai and decrease its dependence on non-resilient assets, thereby fortifying its long-term sustainability.
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Maker launches Spark lend protocol
MakerDAO, the issuer of DAI, the leading decentralized stablecoin, has launched Spark Protocol, a new lending platform that aims to bolster DAI's capabilities.
