MakerDAO, creator of the DAI stablecoin, has a good problem: Demand for its product is high.

SparkLend, a borrowing and lending platform organized as a sub-DAO within Maker, has issued so much DAI in recent weeks that it needs authorization to lend more.

In a governance vote approved Thursday at 12:00 pm ET, Maker voted unanimously to double the D3M maximum debt ceiling to 2.5 billion DAI.

“D3M” stands for Decentralized Debt Markets Module, a mechanism designed to optimize the DAI liquidity across different DeFi platforms. The module automatically adjusts the DAI borrowing rates on external platforms (like Aave) to be in line with the Dai Stability Fee within the MakerDAO…

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