Maker: Removing RETH-A vault from protocol, transition to Spark

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Cointime2024/01/24 00:31

By:Cointime

Maker announced on the X platform that the RETH-A vault type is being removed from the Maker protocol. This means that users have the opportunity to transition to Spark, where rETH remains a growing collateral asset. The maximum debt ceiling for RETH-A has been reduced to zero, and an upcoming executive vote will deploy parameter changes to complete the process of RETH-A's removal. Spark offers rETH as a collateral asset, with approximately 40,000 rETH in free supply and over 400 million DAI available for borrowing, with a current stable interest rate of 5.53%. Maker recommends that RETH-A users who wish to avoid liquidation fully repay their DAI debt and close all RETH-A vaults on the Maker protocol before removal.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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