MakerDAO voted to approve a series of implementation proposals, including the "Spark MetaMorpho Vault DDM Maximum Debt Ceiling" proposal. According to the proposal, the maximum debt ceiling for SparkMetaMorphoVaultDDM will increase to 1 billion DAI, with an initial allocation of 600 million DAI. One proposal aims to allocate up to 600 million DAI to the USDe and its collateralized version sUSDe pool (with priority given to the USDe pool). Later, the SparkX platform announced that after MakerDAO's debt ceiling was increased to 1 billion DAI, Spark successfully allocated an additional 100 million DAI to the USDe/DAI and sUSDe/DAI markets on Morpho Blue. According to BA Labs' risk assessment, Spark is expected to limit the maximum amount of allocation based on its proposal to 600 million DAI. Therefore, Spark proposed to redistribute another 100 million DAI.

MakerDAO community passed a proposal to increase the Spark MetaMorpho Vault DDM debt ceiling to 1 billion DAI. It is reported that the Maker protocol will execute operations such as increasing the delay in suspending the Governance Security Module (GSM) to 30 hours, and raising the maximum debt ceiling of the Spark MetaMorpho Vault DDM to 1 billion DAI.

Rune Christensen, co-founder of MakerDAO, has warned that the EU's specific interpretation of the MiCA regulations could lead to a disruption of DeFi development. Christensen stated that there are reports that financial regulatory authorities in Europe may require every DeFi frontend in the region to register and operate under a license. He is concerned about the potential impact of this decision and stated that "it would make DeFi frontends based on regular internet domain names unfeasible." Additionally, Christensen explained in detail that only decentralized or locally downloaded frontends can operate, as well as those that adopt KYC measures and procedures.

After MakerDAO co-founder Rune Christensen attempted to buy SHIB on March 1st, SHIB rose by 50% on March 2nd, as monitored by @EmberCN. Therefore, Rune continued to buy 4 million SHIB (17.6 billion SHIB) with 400,000 USDC 12 hours ago, and SHIB rose by 20% a few hours later. Rune has currently spent 500,000 USDC to purchase 25 billion SHIB at an average price of $0.00002.

Maker plans to introduce a new set of parameter adjustments through an executive vote in the Maker protocol. These adjustments include:1. Stable fee adjustments• Reduce the ETH-A stable fee from 6.74% to 6.41%;• Reduce the ETH-B stable fee from 7.24% to 6.91%;• Reduce the ETH-C stable fee from 6.49% to 6.16%, etc.2. Yield benchmark parameter adjustments• Lower the yield benchmark for collateral from 5.45% to 5.43%;• Increase the yield benchmark for stable collateral from 0.87% to 1.74%;3. Basic interest rate adjustments• Increase the basic interest rate from 4.05% to 4.23%.4. Dai Savings Rate (DSR) adjustments• Increase the Dai Savings Rate (DSR) from 3.80% to 3.98%.5. Enhanced Dai Savings Rate (EDSR)• The DSR utilization rate is still at level one, and the Enhanced Dai Savings Rate (EDSR) and effective DSR will remain at 5%.

Maker announced on X platform that the DAI supply of Spark D3M has exceeded 1 billion. According to the data, at the current issuance rate, 18,306,260 DAI are issued every day in the past week, and the debt ceiling will be reached within 11 days.

As displayed on the governance page, the MakerDAO community voted in favor of the proposal to "increase the SparkLend D3M debt ceiling to 1.2 billion DAI", which can be executed after 8:55 am on January 14, 2024 Beijing time.

According to Spot On Chain monitoring, a certain MKR whale transferred 1602 MKR worth $2.86 million to Binance after three years of dormancy. In 2018, the whale obtained 11082 MKR from MakerDAO. In May 2021, it transferred 4602 MKR to Binance and currently still holds 6877 MKR worth $12.27 million.

During the past week, multiple whale/institutional addresses withdrew MKR from CEX, pushing the price of MKR up by 18% from $1350 to $1605 this week. Among them, five major addresses withdrew 17,260 MKR ($26.24 million) from CEX in the past week, as monitored by on-chain analyst Yu Jin.

According to on-chain analyst @ai_9684xtpa, as reported , ETH has fallen nearly 5% since 11 pm last night. The health of the Maker owned by the ETH whale, which has had a 100% success rate since November, has dropped to 1.03. To avoid being liquidated, the whale has been trading frequently.