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

According to the Sky (formerly MakerDAO) forum, Spark Prime proposes discontinuing sUSDS and sDAI collateral in SparkLend on the Ethereum network: the supply cap for both assets is set to 1, the maximum LTV is adjusted to 0%, the emode liquidation threshold for stablecoins remains unchanged, and existing positions will not trigger new liquidation risks. Simultaneously, the PYUSD interest rate model benchmark is raised to the Sky Savings Rate (SSR), and the slope is lowered by 1% to 2% to stabilize borrowing rates and improve PYUSD circulation.