Maker tweeted that the growth of Spark Protocol has been excellent. In just 24 hours, users borrowed more than 49 million DAI, which means that DAI borrowing surged by 248%.
Spark Protocol’s D3M has broken through the previous limit of 20 million DAI, adding about 78 million DAI to about 98 million DAI.
The new debt ceiling is set at 200 million DAI, all of which can be borrowed from Spark at an expected interest rate of 3.19%.