MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users By Cointelegraph

MakerDAO, a decentralized autonomous organization that operates on the blockchain and issues stablecoin DAI, has announced that it has launched the Spark Protocol, a lending solution for DAI users.

According to the Twitter announcement, the first version of the Spark Protocol will act as a “lending marketplace,” providing users with supply and borrowing features for cryptocurrencies such as Ether (ETH), staked Ether (stETH), DAI (DAI), and staked DAI (sDAI). The platform is specifically designed for DAI and aims to provide users with access to competitive interest rates.