Maker is removing the RETH-A vault from the protocol to transition to Spark

Maker’s announcement that the RETH-A vault type is being removed from the Maker protocol marks an opportunity for users to transition to Spark, where rETH remains a growing collateral asset. The RETH-A maximum debt ceiling has been reduced to zero, and the upcoming executive vote will deploy parameter changes to complete the process of RETH-A exit, including: • Set RETH-A liquidation ratio to 10,000% • Set RETH-A liquidation penalty to 0% • Set RETH-A Proportional Kick Excitation to 0% • Set RETH-A Flat Kick Incentive to 0 It is reported that Spark provides rETH as a collateral asset, of which approximately 40,000 rETH is at the free supply limit, and more than 400 million DAI can be used for lending, with the current stable interest rate being 5.53%. Maker recommends that RETH-A users who wish to avoid liquidation repay their DAI debt in full and close all RETH-A vaults on the Maker protocol until the delisting is completed.