Sky community releases proposal to deprecate sUSDS and sDAI as SparkLend collateral

BlockBeats News, November 7, according to the official forum, the Sky community has released a proposal titled "SparkLend Deprecates sUSDS and sDAI Collateral." The proposal suggests that SparkLend should stop accepting sUSDS and sDAI as collateral in order to reduce SparkLend's exposure to risk factors from other assets.

After the parameter changes are implemented, third-party users of SparkLend will be largely protected from the solvency and liquidity risks of DAI, USDS, and the broader Sky ecosystem. The team will implement the update through the following measures: setting the supply cap for each asset to 1 token (to prevent new supply), and setting the maximum LTV for each asset to 0%, thereby prohibiting new borrowing using sDAI or sUSDS as collateral.