Maker Announces Removal of RETH-A Vault Type, Users Can Transition to Spark

Maker announced that the RETH-A vault type is being removed from the Maker protocol, marking an opportunity for users to transition to Spark, where rETH remains a growing collateral asset. the RETH-A maximum debt cap has been lowered to zero, and an upcoming implementation vote will deploy parameter changes to complete the process of RETH-A's exit. spark offers rETH as a collateral asset, with approximately 40,000 rETH at the free supply cap, as well as over 400 million DAI available for borrowing at a current stable rate of 5.53%. maker recommends that RETH-A users wishing to avoid liquidation pay off their DAI debt in full and close all RETH-A vaults on the maker protocol before completing the drop.