SparkLend has received approval from MakerDAO to increase its debt ceiling to DAI 2.5 billion

SparkLend, a lending platform that acts as a sub-DAO organization within Maker, has issued so much DAI in recent weeks that it requires authorization to lend more. In a recent governance vote, Maker unanimously voted to double the maximum debt cap on D3M to 2.5 billion DAI.D3M stands for Decentralized Debt Marketplace Module, a mechanism designed to optimize the liquidity of DAI on different DeFi platforms. The module automatically adjusts DAI lending rates on external platforms, such as Aave, to align with DAI stabilization fees within the MakerDAO system.