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SparkLend raises wBTC deposit cap from 3,000 to 30,000 to meet growing demand.

Protocol Fundamentals
12 May 2026
Blockonomi
View Source
Bullish
pluang ai news

SparkLend, a DeFi lending protocol in the MakerDAO ecosystem, increased its Wrapped Bitcoin (wBTC) deposit cap from 3,000 to 30,000 effective May 11, 2026, after the initial limit was quickly reached. The cap will rise gradually by 500 wBTC every 12 hours, taking about 27 days to reach the new maximum. This expansion allows more borrowing capacity and liquidity for Bitcoin-backed positions, supporting the platform's growth alongside other Bitcoin-linked assets like cbBTC and LBTC. The protocol reported a total value locked of approximately $3.55 billion in May 2026, reflecting strong user interest and activity.

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