Sparklend Cap Automator
Summary
SparkLends CapAutomator manages supply and borrow caps for assets in SparkLend. It allows anyone to trigger updates to these caps based on predetermined parameters, with the new cap values calculated using the current supply and a specified gap, subject to maximum limits and cooldown periods. — “The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.
