MakerDAO’s Spark Protocol Hits DAI Debt Limit after Raising Ceiling to $200M.

The post MakerDAO’s Spark Protocol Hits DAI Debt Limit after Raising Ceiling to $200M. appeared first on Coinpedia Fintech News

MakerDAO’s money market, Spark Protocol, is experiencing high demand as it reaches its DAI debt limit after raising it from $20M to $200M less than two weeks ago. Within eight days of the increase, users borrowed $180 million in DAI, prompting MakerDAO to take another look at its debt ceiling. The high demand for the Spark Protocol highlights the growing popularity of decentralized finance projects.