Dai to Extend Credit Line for Spark on January 14th

Name: Credit Line Extension for Spark
Start: 2024-01-14T00:55:00Z
End: 2024-01-15T00:55:00Z

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Dai has announced a new credit line extension for Spark. This follows a significant demand that utilized approximately 90% of the previous 400 million DAI increase. The new extension will provide an additional 400 million DAI to Spark.

The implementation of this extension is scheduled for January 14 at 00:55 UTC. This will increase Spark’s debt ceiling to 1.2 billion DAI.

Event date: January 14, 2024 0:55 UTC

Maker
@MakerDAO

Following a remarkable demand that borrowed ~90% of the previous 400 million DAI increase, Maker Governance has enacted a new 400 million DAI credit line extension for Spark.

This deployment, scheduled for january 14 at 00:55 UTC, will raise Spark's debt ceiling to 1.2…

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