MakerDAO's new lending protocol Spark Protocol will expand to multiple chains

2023-07-05 08:59:10
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ChainCatcher message, MakerDAO announced that its lending protocol Spark Protocol will expand to multiple chains and published the steps and processes for those interested in deploying Spark Protocol in specific domains (various blockchain networks).

The process for deploying Spark Protocol on a new network: First, a post needs to be created on the Maker forum under the SubDAO TWO category (background information, technical information, collateral information, liquidity information, etc. must be provided); after the proposal is created, Phoenix Labs will conduct a domain assessment and provide MakerDAO with recommendations regarding the new domains and collateral information to be included; then, Block Analitica will perform a collateral assessment and suggest risk parameters for the collateral in Spark within the new domain. (source link)

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