MakerDAO has recently approved a significant expansion of its financial operations within the decentralized finance (DeFi) sector. The governance vote passed by MakerDAO has led to an increase in the debt ceiling from $100 million to $1 billion DAI for allocations in Ethena's stablecoin markets on Morpho Blue. This move allows for an additional allocation of 100 million DAI to the USDe/DAI and sUSDe/DAI markets on Morpho Blue, with the potential for further allocations up to 500 million DAI across various markets. The decision follows a successful proposal to increase the MetaMorpho Vault DDM Maximum Debt Ceiling and is aimed at enhancing liquidity and stability within these markets. Spark, a key player in the initiative, has already allocated the additional 100 million DAI following the debt ceiling increase and is considering further allocations based on risk assessments. The MakerDAO Stability Scope Advisory Council will play a crucial role in evaluating borrower behavior to ensure the continued success of this expansion.
MAKERDAO EXPANDS DEBT CEILING TO $1B FOR DAI ALLOCATIONS ON ETHENA'S STABLECOIN MARKETS - MakerDAO has greenlit a governance vote to increase the debt ceiling of its direct deposit module, aiming to reach a substantial $1 billion for its stablecoin, Dai. - The focus of this… https://t.co/1H06FYIA5g https://t.co/aoFJwfnS1T
UPDATE: MAKERDAO INCREASES DEBT CEILING FOR DAI ALLOCATIONS ON ETHENA'S STABLECOIN MARKETS TO $1B ON MORPHO
MakerDAO raises debt ceiling to $1 billion for Dai allocations in Ethena's stablecoin markets on Morpho https://t.co/P84q2yW0FZ
After the debt ceiling increase, Spark has allocated an extra 100 million DAI and is contemplating an additional 100 million to their sUSDe/DAI and USDe/DAI markets on Morpho Blue. MakerDAO’s Stability Scope Advisory Council will evaluate borrower behavior and will only proceed… https://t.co/Hq6dFDf8Ht
Spark has successfully allocated an additional 100 million DAI to our USDe/DAI and sUSDe/DAI markets on Morpho Blue, following MakerDAO’s Debt Ceiling increase to 1 billion DAI. Spark is expected to allocate more liquidity based on BA Labs’ risk assessment, which recommends… https://t.co/kWFpiJ3U7J
1/12 The latest @MakerDAO Executive Vote has approved the gradual increase of DAI deposits of up to 600M to @sparkdotfi’s USDe/DAI & sUSDe/DAI markets on Morpho Blue - @MorphoLabs. Below, we cover: 1. Early trends 2. Allocation updates 3. Allocation strategy ⬇️🧵 https://t.co/c6CQ0pMZNL
Alright, fortunately, we have an open market to decide if the risks are worth it, either way, @MakerDAO just deployed new 100m of DAI into @MorphoLabs Blue protocol (with an option to extend this to 500m across multiple $sUSD and $USDe markets). This has essentially created some… https://t.co/9p46HY0FMR
An additional 100M DAI from @MakerDAO has been allocated to USDe/DAI and sUSDe/DAI markets on Morpho Blue. This follows Maker's successful proposal to increase @sparkdotfi's MetaMorpho Vault DDM Maximum Debt Ceiling from 100M to 1B DAI. The deployment of new DAI debt will…
💰 Users borrow Morpho Spark’s entire $100M DAI deposit in 6 hours. 😁 Morpho Blue is approaching $1B in borrow value. Read more about @MorphoLabs: https://t.co/lHR7s3js8V 🔥 @MonetSupply | 🦋 @peyha Chart via: Dune Analytics - @MorphoLabs https://t.co/CtLdQxDiqr
The vote is on: Allocate 600m DAI via Morpho to USDe With potential to increase to $1b Ethena and Maker are about to become a love story https://t.co/hTxj2vUXTQ