Decentralized Finance Giant MakerDAO to Introduce Spark Protocol, a Rival to the Aave Lending Protocol

The development of a dedicated lending protocol represents a shift in focus from MakerDAO, which has aligned its revenue model with the issuance of DAI since the latter’s inception in 2017. MakerDAO has formed Phoenix Labs, a research and development company that will be tasked with building the Spark Protocol.

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