Odaily News According to the MakerDAO governance page, at 00:47 on August 5th, Beijing time, the MakerDAO community voted in favor of the execution proposal "Enhanced DSA Activation, Spark Protocol Debt Ceiling Increase, RWA Treasury Update, 2023 Q2 AVC Member Compensation, Monetails Clydesdale DAO Resolution, Project Funding Activation, Spark Proxy Spell Execution". The proposal was executed at 00:49 on August 7th, Beijing time.



It is reported that besides raising the DAI deposit rate to 8%, the other main changes to the protocol include:

- Increasing the maximum debt ceiling of the Spark Protocol Direct Deposit module from 20 million DAI to 200 million DAI;

- Decreasing the debt ceiling of RWA004-A from 7 million DAI to 0 DAI, and implementing updates to the RWA002-A protocol;

- Allocating 134.1 MKR to AVC members;

- MakerDAO approving the DAO resolution with IPFS hash value QmaGTVioBsCPfNoz9rbW7LU6YuzfgqHDZd92Hny5ACfL3p;

- Transferring 2 million DAI to 0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F as part of the Endgame project activation;

- Updating the DAI interest rate strategy in the Spark Protocol, reducing the DAI Market Loan-to-Value (LTV) from 74% to 0.01%, lowering the DAI liquidation threshold from 76% to 0.01%, reducing the WETH Market Reserves Ratio from 15% to 5%, and decreasing the variableRateSlope1 of WETH from 3.8% to 3%.