MakerDAO's Spark Protocol Going Multi-Chain

MakerDAO's Spark Protocol Going Multi-Chain

MakerDAO announced that its lending protocol, Spark Protocol, will be deployed on multiple blockchains and announced the steps to deploy Spark Protocol in a specific blockchain network.

  1. The interested domain should create a post on the Maker Forum under the SubDAO TWO category (background information, technical information, collateral information, liquidity information, etc. are required).
  2. After the proposal submission, Phoenix Labs will conduct a domain assessment and offer recommendations to MakerDAO about the new domain and collaterals to be included.
  3. Block Analitica will perform a collateral assessment and suggest risk parameters for the collaterals within Spark in the new domain.
  4. The domain and collateral assessments will be published on the Maker Forum.

In May, MakerDAO launched Spark Protocol, a new lending protocol. The Spark Protocol is an end-user, DAI-centered DeFi product that has been deployed on Ethereum and offers supply and borrow features for $ETH, stETH, $DAI, and sDAI. The first version of Spark Protocol, called Spark Lend, is a lending marketplace designed specifically for supplying and borrowing crypto with a focus on $DAI.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

DeFi

Lending

In This Article

Related News
Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days
The U.S. SEC Issued a Wells Notice to Uniswap The U.S. SEC Issued a Wells Notice to Uniswap
Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool
Aave Proposes to Implement a Fee Switch to Distribute Fees to Token Holders Aave Proposes to Implement a Fee Switch to Distribute Fees to Token Holders
Ethena Launched $ENA Token and Kicked off 2nd Incentives Program Ethena Launched $ENA Token and Kicked off 2nd Incentives Program
Latest News More More
18 Hours Ago DA Project Avail Confirmed Token Airdrop Plan
19 Hours Ago Tether to Launch New Businesses, Tether Data, Tether Finance, Tether Power, and Tether Edu
1 Day Ago Lido Finance Implemented Simple Distributed Validator Technology (DVT)
1 Day Ago Real Opportunity for Runes only Comes After the Initial Hype
1 Day Ago Worldcoin Announced "Human Centric" Blockchain World Chain
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open