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The DAI borrowing limit on Spark Protocol has been reached, hitting the current D3M Debt Ceiling of 20 million DAI

Maker Governance has approved an increase in the Debt Ceiling from 20 million to 200 million through a Governance Poll.

Once deployed via an upcoming Executive Vote, this new cap will make an additional 180 million DAI available for borrowing from Spark Protocol's lending venue.

More changes, including those affecting Spark DAI and WETH markets, are on the horizon if the respective upcoming Executive Vote passes.

For a detailed explanation, please refer to Phoenix Labs' original proposal on the Maker Forum.

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