SparkLend plans to deprecate sUSDS and sDAI collateral on Ethereum and will adjust the PYUSD interest rate model.

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According to PANews on November 7, via Sky (formerly MakerDAO) forum, Spark Prime has proposed disabling sUSDS and sDAI collateral in SparkLend on the Ethereum network: setting the supply cap for both assets to 1, adjusting the maximum LTV to 0%, and keeping the stablecoin mode liquidation threshold unchanged, so existing positions do not trigger additional liquidation risks. Additionally, the PYUSD interest rate model benchmark will be increased to the Sky Savings Rate (SSR), and Slope 1 will be lowered to 2% to stabilize borrowing rates and support increased PYUSD circulation. These changes require approval from Sky governance and the Stability Facilitator before being included in the next execution vote.

PYUSD-0.01%
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