[Ethereum] SparkLend - Increase tBTC Supply and Borrow Caps
AI summary
This proposal from Phoenix Labs, a contributor to Spark, suggests increasing the supply and borrow limits for tBTC on SparkLend. Currently, the supply cap for tBTC is 500 tBTC, and the borrow cap is not explicitly stated but implied to be lower than the proposed 900 tBTC. The proposal aims to raise the supply cap to 1,000 tBTC and the borrow cap to 900 tBTC due to a recent surge in tBTC usage on the platform.
If passed, this proposal will allow more tBTC to be deposited and borrowed on SparkLend, benefiting users who want to lend or borrow tBTC. It could increase the overall liquidity and utility of tBTC within the Spark ecosystem, without directly impacting the treasury.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
[Ethereum] SparkLend - Increase tBTC Supply and Borrow Caps - October 20, 2025
Spark's Operational Facilitator has placed a proposal into the voting system on behalf of nested contributor Phoenix Labs.
Review
The Spark community can hereby express support or opposition to the following changes, as described by the author of the proposal:
tBTC has seen a significant uptick in usage over the past month, with deposits rising from a low of less than 30 tBTC to over 270 tBTC currently. This has already reached over ½ of the current supply cap max value of 500 tBTC, and we propose increas…