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MakerDAO Announces Spark Protocol to Expand Across Multiple Chains and Reveals Deployment Process
2023-07-05 01:17
Odaily News: MakerDAO announced on Twitter that its lending protocol, Spark Protocol, will expand to multiple chains, and the steps and procedures for deploying Spark Protocol in specific domains (i.e., different blockchain networks, including sidechains and Layer 2 solutions) have been released.



If you are interested in deploying Spark Protocol in a new domain, you need to create a post on the Maker forum under the SubDAO TWO category (including background information, technical information, collateral information, liquidity information, etc.). Subsequently, Phoenix Labs will evaluate the submitted proposals and provide MakerDAO with suggestions regarding the new domains and collateral information to be included. Block Analitica will perform collateral evaluation and propose risk parameters for Spark's collateral in the new domain.



The domain and collateral evaluations will be posted on the Maker forum. These evaluations will provide valuable insights for MKR holders when deciding to deploy Spark in a new domain.