MakerDAO [MKR]: Will DAI adoption improve with new protocol?

February 24, 2023

By Suzuki Shillsalot

Read Maker’s [MKR] Price Prediction 2023-2024

• MakerDAO’s new protocol could help improve DAI adoption.

• Selling pressure on MKR increased as MVRV ratio rose.

Messari, in a 22 February tweet, announced the launch of MakerDAO’s new vertically integrated market, called Sparks Lend. The market will primarily be aimed at improving DAI adoption.

Spark Lend’s association with Maker would enable users to borrow DAI at the DSR variable rate of 1%. Spark Lend taps into Maker’s DAI Direct Deposit Module (D3M) and PSM to directly regulate the supply of DAI in its market.

The next step for this protocol would be integrating its services with L2 solutions, which would help make DAI more mainstream.

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