The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, February 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP22 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nThis subproposal will amend MIP62 to reflect changes to the MakerDAO governance structure.
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "ratification", + "mips", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1073, + "blockCreated": 19212603, + "startDate": "2024-02-12T16:00:00.000Z", + "endDate": "2024-02-26T16:00:00.000Z", + "multiHash": "QmWysdwhUJ3koisxcgmGmpDfvsrCPGGGyFfYCAhkc3V86o", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Ratification%20Poll%20for%20MIP%20Amendment%20Subproposal%20(MIP102c2-SP24)%20-%20February%2012%2C%202024.md", + "slug": "QmWysdwh", + "title": "Ratification Poll for MIP Amendment Subproposal (MIP102c2-SP24) - February 12, 2024", + "summary": "This subproposal seeks to establish a procedure for interpretation and appeal processes in accordance with articles 2 & 3 from MIP113.", + "discussionLink": "https://forum.makerdao.com/t/mip102c2-sp24-mip-amendment-subproposal/23392", + "content": "The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, February 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP24 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nThis subproposal seeks to establish a procedure for interpretation and appeal processes in accordance with articles 2 & 3 from MIP113. Consider this ongoing discussion as the primary motivation for this proposal, given that the issues raised remain unresolved. It will also be a strong motivation the MIP102c2-SP19: MIP Amendment Subproposal which had the support from Sovereign Finance AVC and Aligned Delegates but never moved to formal submission.
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "ratification", + "mips", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1074, + "blockCreated": 19212620, + "startDate": "2024-02-12T16:00:00.000Z", + "endDate": "2024-02-26T16:00:00.000Z", + "multiHash": "QmafYT2uM8s8fAAp1BKWd9bBCrhJjxSLfZkCA8Y1247CCi", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Ratification%20Poll%20for%20MIP%20Amendment%20Subproposal%20(MIP102c2-SP26)%20-%20February%2012%2C%202024.md", + "slug": "QmafYT2u", + "title": "Ratification Poll for MIP Amendment Subproposal (MIP102c2-SP26) - February 12, 2024", + "summary": "This subproposal will amend MIP106 Section 8, to include new Component (8.4) - Ecosystem Actors Communication Requirements.", + "discussionLink": "https://forum.makerdao.com/t/mip102c2-sp26-mip-amendment-subproposals/23348", + "content": "The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, February 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP26 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nThis subproposal will amend MIP106 Section 8, to include new Component (8.4): Ecosystem Actors Communication Requirements.
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "ratification", + "mips", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1075, + "blockCreated": 19212636, + "startDate": "2024-02-12T16:00:00.000Z", + "endDate": "2024-02-26T16:00:00.000Z", + "multiHash": "QmdcmpDShPEdmhTwHoqLr1QxdJKSUoveCvYVM3z43Y4UPx", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Ratification%20Poll%20for%20MIP%20Amendment%20Suproposal%20(MIP102c2-SP25)%20-%20February%2012%2C%202024.md", + "slug": "QmdcmpDS", + "title": "Ratification Poll for MIP Amendment Suproposal (MIP102c2-SP25) - February 12, 2024", + "summary": "This subproposal will amend MIP101 and MIP113 to provide clarifying edits to AVC meeting schedule requirements and introduce an AVC moderator role.", + "discussionLink": "https://forum.makerdao.com/t/mip102c2-sp25-mip-amendment-subproposals/23346", + "content": "The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, February 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP25 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nThis subproposal will amend MIP101 and MIP113 to provide clarifying edits to AVC meeting schedule requirements and introduce an AVC moderator role.
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "ratification", + "mips", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1076, + "blockCreated": 19212655, + "startDate": "2024-02-12T16:00:00.000Z", + "endDate": "2024-02-15T16:00:00.000Z", + "multiHash": "QmS8ch8rGHM8r5M3UGSWD6WtFDj3EQ3qAfhuKR6N3v9FA8", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Modify%20D3M%20Parameters%20-%20February%2012%2C%202024.md", + "slug": "QmS8ch8r", + "title": "SparkLend Ethereum - Modify D3M Parameters - February 12, 2024", + "summary": "Signal your support or opposition to adjusting the SparkLend DAI Direct Deposit Module (D3M) parameters.", + "discussionLink": "https://forum.makerdao.com/t/feb-9-2024-proposed-changes-to-sparklend-for-upcoming-spell/23656", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Scope Facilitators. The community can vote in this poll to express support or opposition to using the SparkLend Direct Deposit DAI Module (D3M) with the listed parameters. This Governance Poll will be active for three days beginning on Monday, February 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to making the following parameter changes to the SparkLend DAI Direct Deposit Module (D3M):
\nline) by 300 million DAI from 1.2 billion DAI to 1.5 billion DAI.gap) by 20 million DAI from 20 million DAI to 40 million DAI.ttl) by 12 hours from 12 hours to 24 hours.buffer by 20 million DAI from 30 million DAI to 50 million DAI.\nbuffer value is set in the SparkLend D3MPlan contract. It controls the target amount of DAI available for borrowing at any given time in SparkLend. For example, if 100 million DAI has been borrowed and the buffer is set to 20 million DAI, the D3M will mint enough DAI to ensure that the Total Supply is 120 million DAI and deposit it to SparkLend, assuming there is sufficient available Debt Ceiling.Please review the discussion thread to help inform your position before voting.
\nFor more information regarding the DAI Direct Deposit Module (D3M) and how these parameters interact, check out the forum thread here.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1077, + "blockCreated": 19262584, + "startDate": "2024-02-19T16:00:00.000Z", + "endDate": "2024-02-22T16:00:00.000Z", + "multiHash": "QmdzLsAZjB39sZYPdUPsbXrNSWenNpJnWg3MpudfPym5Ub", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Atlas%20Rate%20System%20Implementation%20Adjustments%20-%20February%2019%2C%202024.md", + "slug": "QmdzLsAZ", + "title": "Atlas Rate System Implementation Adjustments - February 19, 2024", + "summary": "Signal your support or opposition to adjusting the Atlas Rate System implementation.", + "discussionLink": "https://forum.makerdao.com/t/atlas-rate-system-implementation-adjustments/23686", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Scope Advisory Council Member, BA Labs. This Governance Poll will be active for three days beginning on Monday, February 19 at 16:00 UTC.
\nThis is a binary vote.
\nTo move forward toward automation in the new exposure model, BA Labs has decided to transition from spreadsheet-based modeling to Python-based modeling. To do so, some minor adjustments have to be implemented to make the model more precise.
\nThe adjustments include:
\nTo implement the aforementioned adjustments, the community is invited to vote in this poll to express support or opposition to the following changes:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "risk-parameter" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1078, + "blockCreated": 19262596, + "startDate": "2024-02-19T16:00:00.000Z", + "endDate": "2024-02-22T16:00:00.000Z", + "multiHash": "QmPTUoTbhGitBQfBJXRoA8LvPYXcDsM8sE5LPfvQtPVTKY", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Decrease%20the%20WSTETH%20KFb%20Metaparameter%20-%20February%2019%2C%202024.md", + "slug": "QmPTUoTb", + "title": "Decrease the WSTETH KFb Metaparameter - February 19, 2024", + "summary": "Signal your support or opposition to decrease the WSTETH KFb metaparameter.", + "discussionLink": "https://forum.makerdao.com/t/atlas-rate-system-iteration-1-adjusting-wsteth-asset-spread/23687", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Scope Facilitator. This Governance Poll will be active for three days beginning on Monday, February 19 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\nKFb metaparameter to 7.5%.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nKFb metaparameter.If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "risk-parameter" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1080, + "blockCreated": 19262815, + "startDate": "2024-02-19T16:00:00.000Z", + "endDate": "2024-02-22T16:00:00.000Z", + "multiHash": "QmQC1UXZizqaNykvxxQ1HpEn2DSGReqGXJ3BcvWvkgficZ", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Increase%20wstETH%20Supply%20Cap%20to%201.2%20million%20wstETH%20-%20February%2019%2C%202024.md", + "slug": "QmQC1UXZ", + "title": "SparkLend Ethereum - Increase wstETH Supply Cap to 1.2 Million wstETH - February 19, 2024", + "summary": "Signal your support or opposition to increasing the wstETH supply cap to 1.2 million wstETH.", + "discussionLink": "https://forum.makerdao.com/t/feb-14-2024-proposed-changes-to-sparklend-for-upcoming-spell/23684", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of ecosystem actor Phoenix Labs. This Governance Poll will be active for three days beginning on Monday, February 19 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1081, + "blockCreated": 19312647, + "startDate": "2024-02-26T16:00:00.000Z", + "endDate": "2024-02-29T16:00:00.000Z", + "multiHash": "QmUE5xr8UugTohfnhy4c2Q4Ju76CuBTF6kQH4pnpnqTFNQ", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Activate%20Cap%20Automator%20-%20February%2026%2C%202024.md", + "slug": "QmUE5xr8", + "title": "SparkLend Ethereum - Activate Cap Automator - February 26, 2024", + "summary": "Signal your support or opposition to activating the SparkLend Cap Automator.", + "discussionLink": "https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, February 26 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to activating the SparkLend Cap Automator. This new feature will enable dynamic adjustments to borrow and supply caps. The core mechanism is similar to the Debt Ceiling Instant Access Modules (DC-IAM) used for Maker core vaults and will help reduce governance overhead in maintaining the supply and borrow caps for various assets.
\nIf approved, the module will be activated with the following max limit (max), buffer size (gap), and cooldown (ttl) parameters for the covered assets:
\ngap: 150,000 WETHttl: 12 hoursmax: 2 million WETHgap: 10,000 WETHttl: 12 hoursmax: 1 million WETHgap: 50,000 wstETHttl: 12 hoursmax: 1.2 million wstETHgap: 100 wstETHttl: 12 hoursmax: 3,000 wstETHgap: 10,000 rETHttl: 12 hoursmax: 80,000 rETHgap: 100 rETHttl: 12 hoursmax: 2,400 rETHgap: 500 WBTCttl: 12 hoursmax: 5,000 WBTCgap: 100 WBTCttl: 12 hoursmax: 2,000 WBTCgap: 50 million sDAIttl: 12 hoursmax: 1 billion sDAIgap: n/attl: n/amax: 60 million USDCgap: 6 million USDCttl: 12 hoursmax: 57 million USDCgap: n/attl: n/amax: 30 million USDTgap: 3 million USDTttl: 12 hoursmax: 28.5 million USDTPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nCode developed by Phoenix Labs to automate the caps on SparkLend: GitHub - marsfoundation/sparklend-cap-automator.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1082, + "blockCreated": 19312655, + "startDate": "2024-02-26T16:00:00.000Z", + "endDate": "2024-02-29T16:00:00.000Z", + "multiHash": "QmRU6mmiYyJajVDgFfpbdpA9p7SZAPNSoxyqX3LWFksQSi", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Collateral%20Parameter%20Adjustments%20-%20February%2026%2C%202024.md", + "slug": "QmRU6mmi", + "title": "SparkLend Ethereum - Collateral Parameter Changes - February 26, 2024", + "summary": "Signal your support or opposition to the SparkLend Collateral Parameter Changes.", + "discussionLink": "https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, February 26 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following SparkLend Ethereum Collateral Parameter Changes.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1083, + "blockCreated": 19312661, + "startDate": "2024-02-26T16:00:00.000Z", + "endDate": "2024-02-29T16:00:00.000Z", + "multiHash": "Qmat6oFs1Ucx1qBVb5SuXCipbtbVDyr8FP9FZSEcdCT7zw", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Smart%20Burn%20Engine%20-%20Rate%20of%20MKR%20Accumulation%20Change%20-%20February%2026%2C%202024.md", + "slug": "Qmat6oFs", + "title": "Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024", + "summary": "Signal your support or opposition to changing the Smart Burn Engine Rate of MKR Accumulation.", + "discussionLink": "https://forum.makerdao.com/t/smart-burn-engine-the-rate-of-mkr-accumulation-reconfiguration-and-transaction-analysis-parameter-reconfiguration-update-5/23737", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Scope Advisory Council Member, BA Labs, and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, February 26 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following Smart Burn Engine (SBE) change:
\nTo implement this change, the following SBE parameter will be adjusted:
\nhop parameter 6,570 seconds from 26,280 seconds to 19,710 seconds.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1084, + "blockCreated": 19412922, + "startDate": "2024-03-11T16:03:23.000Z", + "endDate": "2024-03-14T16:00:00.000Z", + "multiHash": "QmVGDsvm3BsFvPqVbJBRoBAb46ZeeUcLqhPExVcVGavXhd", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Adjust%20SparkLend%20D3M%20Parameters%20-%20March%2011%2C%202024.md", + "slug": "QmVGDsvm", + "title": "Adjust SparkLend D3M Parameters - March 11, 2024", + "summary": "Signal your support or opposition to increasing the SparkLend DAI Direct Deposit Module (D3M) Maximum Debt Ceiling to 2.5 billion DAI.", + "discussionLink": "https://forum.makerdao.com/t/mar-6-2024-proposed-changes-to-sparklend-for-upcoming-spell/23791", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of SparkLend. The community can vote in this poll to express support or opposition to using the SparkLend Direct Deposit DAI Module (D3M) with the listed parameters. This Governance Poll will be active for three days beginning on Monday, March 11 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to making the following parameter changes to the SparkLend DAI Direct Deposit Module (D3M):
\nPlease review the discussion thread to help inform your position before voting.
\nFor more information regarding the DAI Direct Deposit Module (D3M) and how these parameters interact, check out the forum thread here.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "endgame", + "d3m", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1085, + "blockCreated": 19412929, + "startDate": "2024-03-11T16:04:59.000Z", + "endDate": "2024-03-14T16:00:00.000Z", + "multiHash": "QmYYoAMeGHX9fj8fJmc33ppY5QoMf4nTnYRzWfiEWeXMsA", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Increase%20WBTC%20Supply%20Cap%20Maximum%20-%20March%2011%2C%202024.md", + "slug": "QmYYoAMe", + "title": "SparkLend Ethereum - Increase WBTC Supply Cap Maximum - March 11, 2024", + "summary": "Signal your support or opposition to increasing the supply cap maximum on SparkLend Ethereum to 6,000 WBTC.", + "discussionLink": "https://forum.makerdao.com/t/mar-6-2024-proposed-changes-to-sparklend-for-upcoming-spell/23791", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of SparkLend. This Governance Poll will be active for three days beginning on Monday, March 11 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\nmax by 1,000 WBTC, from 5,000 to 6,000 WBTC.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "endgame", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1086, + "blockCreated": 19412942, + "startDate": "2024-03-11T16:07:35.000Z", + "endDate": "2024-03-14T16:00:00.000Z", + "multiHash": "QmeBc2f2Ti76SqDv36RZKzXqMsfLNWdpARaBpX2hLJbRi9", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Stability%20Scope%20Clarification%20Edits%20-%20March%2011%2C%202024.md", + "slug": "QmeBc2f2", + "title": "Stability Scope Clarification Edits - March 11, 2024", + "summary": "Signal your support or opposition to the listed edits to the Stability Scope.", + "discussionLink": "https://forum.makerdao.com/t/mip104-stability-scope-language-out-of-schedule-language-change/23783", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system using their powers defined in MIP113.12.1.2. This Governance Poll will be active for three days beginning on Monday, March 11 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the changes in the following Github Pull Request:
\n\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "misc-governance", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1087, + "blockCreated": 19412947, + "startDate": "2024-03-11T16:08:35.000Z", + "endDate": "2024-03-25T16:00:00.000Z", + "multiHash": "QmSvQ996tF4XtEHesuojpNT3mdEwTY59SHUGduFKuzfuUV", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Ratification%20Poll%20for%20MIP%20Amendment%20Subproposal%20(MIP102c2-SP23)%20-%20March%2011%2C%202024.md", + "slug": "QmSvQ996", + "title": "Ratification Poll for MIP Amendment Subproposal (MIP102c2-SP23) - March 11, 2024", + "summary": "This subproposal will amend MIPs 104 and 113 (Stability and Governance Scopes).", + "discussionLink": "https://forum.makerdao.com/t/mip102c2-sp23-mip-amendment-subproposal/23386", + "content": "The Governance Faciltiators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, March 11 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP23 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nThis subproposal seeks to make various updates to the Alignment Artifacts to prepare for Phase 1 of Endgame.
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "ratification", + "mips" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1088, + "blockCreated": 19462665, + "startDate": "2024-03-18T16:00:00.000Z", + "endDate": "2024-03-21T16:00:00.000Z", + "multiHash": "QmQAtb172YmbCD587vB7j9DpAvsYEu8BRZZ57fkTvYJVG1", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/GOV12.1.2%20Bootstrapping%20Edit%20Proposal%20-%20March%2018%2C%202024.md", + "slug": "QmQAtb17", + "title": "Stability, Support, and Governance Scope Bootstrapping Edits - March 18, 2024", + "summary": "Signal your support or opposition to the Stability, Support, and Governance Scope bootstrapping edits in order to prepare for the Launch Season of the Endgame Features.", + "discussionLink": "https://forum.makerdao.com/t/gov12-1-2-bootstrapping-edit-proposal/23879", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system using their powers defined in MIP113.12.1.2. This Governance Poll will be active for three days beginning on Monday, March 18 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\n\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "mips" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1089, + "blockCreated": 19512445, + "startDate": "2024-03-25T16:00:00.000Z", + "endDate": "2024-03-28T16:00:00.000Z", + "multiHash": "QmcLsYwjvLijgFtdAMradGQDtz2nXFeJEo26Howcb3R9qv", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Increase%20the%20GSM%20Pause%20Delay%20-%20March%2025%2C%202024.md", + "slug": "QmcLsYwj", + "title": "Increase the GSM Pause Delay - March 25, 2024", + "summary": "Signal your support or opposition to increasing the GSM Pause Delay", + "discussionLink": "https://forum.makerdao.com/t/gsm-pause-delay-increase-proposal/23929", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system. This Governance Poll will be active for three days beginning on Monday, March 25 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following GSM Pause Delay change:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1090, + "blockCreated": 19512450, + "startDate": "2024-03-25T16:00:00.000Z", + "endDate": "2024-03-28T16:00:00.000Z", + "multiHash": "QmdjqTvLz2t81ZipGw2pe3UiMAStKLDrczhebi2GnhJy9m", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Activate%20Kill%20Switch%20Security%20Module%20-%20March%2025%2C%202024.md", + "slug": "QmdjqTvL", + "title": "SparkLend Ethereum - Activate Kill Switch Security Module - March 25, 2024", + "summary": "Signal your support or opposition to activating the Kill Switch Security Module for SparkLend.", + "discussionLink": "https://forum.makerdao.com/t/mar-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/23918", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 25 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the activation of the Kill Switch Security Module on SparkLend Ethereum. The Kill Switch Security Module allows SparkLend Protocol to disable all borrowing across markets in the event of a depeg on key collateral assets.
\nInitial oracles to onboard at 0.95 threshold:
\nWBTC/BTC\nSTETH/ETH
\nPlease review the discussion thread and the GitHub repository to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1091, + "blockCreated": 19512455, + "startDate": "2024-03-25T16:00:00.000Z", + "endDate": "2024-03-28T16:00:00.000Z", + "multiHash": "QmaEqEavVj3zMvm8tH8X6GPz5BDi5VrWPiXvmK3sSEcGAo", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Increase%20ETH%20borrow%20cap%20gap%20parameter%20to%2020k%20-%20March%2025%2C%202024.md", + "slug": "QmaEqEav", + "title": "SparkLend Ethereum - Increase ETH Borrow Cap gap Parameter - March 25, 2024", + "summary": "Signal your support or opposition to increasing the ETH borrow cap gap parameter to 20,000 ETH.", + "discussionLink": "https://forum.makerdao.com/t/mar-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/23918", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 25 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following SparkLend CapAutomator change:
\ngap parameter by 10,000 ETH from 10,000 ETH to 20,000 ETHPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
\nAdditional information about the SparkLend CapAutomator can be found in this Forum Post.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1092, + "blockCreated": 19512466, + "startDate": "2024-03-25T16:00:00.000Z", + "endDate": "2024-03-28T16:00:00.000Z", + "multiHash": "QmbCWUAPvP7HYGGBcfy3MeZbMm9xifTTK5J5EKC5gcQ4Ui", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Increase%20WBTC%20supply%20cap%20max%20parameter%20to%2010k%20-%20March%2025%2C%202024.md", + "slug": "QmbCWUAP", + "title": "SparkLend Ethereum - Increase WBTC supply cap max parameter - March 25, 2024", + "summary": "Signal your support or opposition to increasing the WBTC supply cap max parameter to 10,000 WBTC", + "discussionLink": "https://forum.makerdao.com/t/mar-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/23918", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 25 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following SparkLend CapAutomator change:
\nmax parameter by 4,000 WBTC from 6,000 WBTC to 10,000 WBTCPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
\nAdditional information about the SparkLend CapAutomator can be found in this Forum Post.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1093, + "blockCreated": 19561951, + "startDate": "2024-04-01T16:00:00.000Z", + "endDate": "2024-04-04T16:00:00.000Z", + "multiHash": "QmZsAM36LYHj2F2jJnSJGq38VshWMLHT1WVoeBbiVacWVV", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Governance%20Scope%20Bootstrapping%20Edits%20-%20April%201%2C%202024.md", + "slug": "QmZsAM36", + "title": "Governance Scope Bootstrapping Edits - April 1, 2024", + "summary": "Signal your support or opposition to the listed edits to the Governance Scope.", + "discussionLink": "https://forum.makerdao.com/t/gov12-1-2-bootstrapping-edit-proposal-gov10-2-3-1a-edit/24005", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system using their powers defined in MIP113.12.1.2. This Governance Poll will be active for three days beginning on Monday, April 1 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the changes in the following Github Pull Request:
\n\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "misc-governance", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1094, + "blockCreated": 19561957, + "startDate": "2024-04-01T16:00:00.000Z", + "endDate": "2024-04-04T16:00:00.000Z", + "multiHash": "QmVDrPdycGPDcE5hhBj5KLcgrrdq4EZaztKePL3CiAC5BM", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Stability%20Scope%20Bootstrapping%20Edits%20-%20April%201%2C%202024.md", + "slug": "QmVDrPdy", + "title": "Stability Scope Bootstrapping Edits - April 1, 2024", + "summary": "Signal your support or opposition to the listed edits to the Stability Scope.", + "discussionLink": "https://forum.makerdao.com/t/small-gov12-1-2-bootstrapping-edit-proposal-to-fix-unintentional-issues/23968", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system using their powers defined in MIP113.12.1.2. This Governance Poll will be active for three days beginning on Monday, April 1 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the changes in the following Github Pull Request:
\n\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "misc-governance", + "endgame" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1095, + "blockCreated": 19619097, + "startDate": "2024-04-09T16:00:00.000Z", + "endDate": "2024-04-12T16:00:00.000Z", + "multiHash": "QmfGV2vtLLdmgqu5oVDR7zHJfeyWqxWvcF97P2ndjKZ3J1", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Gnosis%20-%20Onboard%20USDC%20to%20SparkLend%20-%20April%209%2C%202024.md", + "slug": "QmfGV2vt", + "title": "SparkLend Gnosis - Onboard USDC to SparkLend - April 9, 2024", + "summary": "Onboard USDC (Circle USDC) to Spark Protocol on Gnosis with included parameters.", + "discussionLink": "https://forum.makerdao.com/t/apr-4-2024-proposed-changes-to-sparklend-for-upcoming-spell/24033", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Tuesday, April 9 at 16:00 UTC.
\nThis is a binary vote.
\nThis poll allows the MakerDAO governance community to signal their support or opposition to adding USDC (Circle USDC) to Spark Protocol on Gnosis with the parameters below:
\nPlease review the proposal thread for more information about this proposed onboarding.
\nA risk evaluation has been provided by BA Labs and can be found here.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1096, + "blockCreated": 19619100, + "startDate": "2024-04-09T16:00:00.000Z", + "endDate": "2024-04-12T16:00:00.000Z", + "multiHash": "QmSYZSCQY4ogDBSg1BwPZ8aQcE1dchskCyRbFzxTp3Mgj8", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Gnosis%20-%20Onboard%20USDT%20to%20SparkLend%20-%20April%209%2C%202024.md", + "slug": "QmSYZSCQ", + "title": "SparkLend Gnosis - Onboard USDT to SparkLend - April 9, 2024", + "summary": "Onboard USDT (Tether USDT) to SparkLend on Gnosis with included parameters.", + "discussionLink": "https://forum.makerdao.com/t/apr-4-2024-proposed-changes-to-sparklend-for-upcoming-spell/24033", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Tuesday, April 9 at 16:00 UTC.
\nThis is a binary vote.
\nThis poll allows the MakerDAO governance community to signal their support or opposition to adding USDT (Tether USDT) to SparkLend on Gnosis with the parameters below:
\nPlease review the proposal thread for more information about this proposed onboarding.
\nA risk evaluation has been provided by BA Labs and can be found here.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1097, + "blockCreated": 19619103, + "startDate": "2024-04-09T16:00:00.000Z", + "endDate": "2024-04-12T16:00:00.000Z", + "multiHash": "QmcRdMyAYhtb9GbSt6f9LCQojrmFbwqKLH2E45BsDewcgS", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Gnosis%20-%20Onboard%20sxDAI%20to%20SparkLend%20-%20April%209%2C%202024.md", + "slug": "QmcRdMyA", + "title": "SparkLend Gnosis - Onboard sxDAI to SparkLend - April 9, 2024", + "summary": "Onboard sxDAI (Savings xDAI) to SparkLend on Gnosis with included parameters.", + "discussionLink": "https://forum.makerdao.com/t/apr-4-2024-proposed-changes-to-sparklend-for-upcoming-spell/24033", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Tuesday, April 9 at 16:00 UTC.
\nThis is a binary vote.
\nThis poll allows the MakerDAO governance community to signal their support or opposition to adding sxDAI (Savings xDAI) to SparkLend on Gnosis with the parameters below:
\nPlease review the proposal thread for more information about this proposed onboarding.
\nA risk evaluation has been provided by BA Labs and can be found here.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1098, + "blockCreated": 19619107, + "startDate": "2024-04-09T16:00:00.000Z", + "endDate": "2024-04-12T16:00:00.000Z", + "multiHash": "QmSh8gyCKuaW6cMyC4qZN27D4hv7AVd781y9Q8tsUU1Hp8", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Gnosis%20-%20Onboard%20EURe%20to%20Spark%20Protocol%20-%20April%209%2C%202024.md", + "slug": "QmSh8gyC", + "title": "SparkLend Gnosis - Onboard EURe to SparkLend - April 9, 2024", + "summary": "Onboard EURe (Monerium EUR emoney) to SparkLend on Gnosis with included parameters.", + "discussionLink": "https://forum.makerdao.com/t/apr-4-2024-proposed-changes-to-sparklend-for-upcoming-spell/24033", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Tuesday, April 9 at 16:00 UTC.
\nThis is a binary vote.
\nThis poll allows the MakerDAO governance community to signal their support or opposition to adding EURe (Monerium EUR emoney) to SparkLend on Gnosis with the parameters below:
\nPlease review the proposal thread for more information about this proposed onboarding.
\nA risk evaluation has been provided by BA Labs and can be found here.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1099, + "blockCreated": 19619110, + "startDate": "2024-04-09T16:00:00.000Z", + "endDate": "2024-04-12T16:00:00.000Z", + "multiHash": "QmUhT32beLyroc2Fm6QPuE3E77Mkbxu9WGzZJem3RpDU3x", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Gnosis%20-%20Update%20Existing%20Market%20Parameters%20-%20April%209%2C%202024.md", + "slug": "QmUhT32b", + "title": "SparkLend Gnosis - Update Existing Market Parameters - April 9, 2024", + "summary": "Signal your support or opposition to the parameter changes listed for SparkLend Gnosis.", + "discussionLink": "https://forum.makerdao.com/t/apr-4-2024-proposed-changes-to-sparklend-for-upcoming-spell/24033", + "content": "The Goveranance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Tuesday, April 9 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes on SparkLend Gnosis:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1100, + "blockCreated": 19619113, + "startDate": "2024-04-09T16:00:00.000Z", + "endDate": "2024-04-12T16:00:00.000Z", + "multiHash": "QmZND8WW9BadQPkCY3stFgv55Asn1SiMH14ofK7TFmdXUt", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20and%20Gnosis%20-%20Upgrade%20Pool%20Implementation%20to%20Disable%20Flashloan%20into%20Borrow%20Feature%20-%20April%209%2C%202024.md", + "slug": "QmZND8WW", + "title": "SparkLend Ethereum and Gnosis - Upgrade Pool Implementation to Disable Flashloan into Borrow Feature - April 9, 2024", + "summary": "Signal your support or opposition to upgrading SparkLend Ethereum and Gnosis to disable Flashloan into Borrow feature.", + "discussionLink": "https://forum.makerdao.com/t/apr-4-2024-proposed-changes-to-sparklend-for-upcoming-spell/24033", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Tuesday, April 9 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "technical", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1101, + "blockCreated": 19619117, + "startDate": "2024-04-09T16:00:00.000Z", + "endDate": "2024-04-23T16:00:00.000Z", + "multiHash": "QmeGJyd2B3HB2UzPLP8CjNswcY2XhPA2JVt1yTj7rNcTxT", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Ratification%20Poll%20for%20MIP%20Amendment%20Subproposal%20(MIP102c2-SP27)%20-%20April%209%2C%202024.md", + "slug": "QmeGJyd2", + "title": "Ratification Poll for MIP Amendment Subproposal (MIP102c2-SP27) - April 9, 2024", + "summary": "This subproposal will amend MIP113 Section 5.2, to include a new procedure to allow AVC members to relinquish their role.", + "discussionLink": "https://forum.makerdao.com/t/mip102c2-sp27-mip-amendment-subproposal/23758", + "content": "The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Tuesday, April 9 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP27 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nThis subproposal will amend MIP113 Section 5.2, to include a new procedure to allow AVC members to relinquish their role.
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "medium-impact", + "misc-governance", + "ratification", + "mips" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1102, + "blockCreated": 19619120, + "startDate": "2024-04-09T16:00:00.000Z", + "endDate": "2024-04-23T16:00:00.000Z", + "multiHash": "QmUyDdTKKv47uq5C45wnjfEQUQQck32bqWxz8YCRooiDQt", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Ratification%20Poll%20for%20MIP%20Amendment%20Subproposal%20(MIP102c2-SP32)%20-%20April%209%2C%202024.md", + "slug": "QmUyDdTK", + "title": "Ratification Poll for MIP Amendment Subproposal (MIP102c2-SP32) - April 9, 2024", + "summary": "This subproposal will update The Weekly Governance Cycle to accommodate the transition from the Goerli Testnet network to different testing tools.", + "discussionLink": "https://forum.makerdao.com/t/mip102c2-sp32-mip-amendment-subproposal/23756", + "content": "The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Tuesday, April 9 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP32 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nThis subproposal seeks to update The Weekly Governance Cycle to accommodate the transition from the Goerli Testnet network to different testing tools. For your convenience, here is a difference checker to easily identify the changes.
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "medium-impact", + "misc-governance", + "ratification", + "mips" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1103, + "blockCreated": 19619125, + "startDate": "2024-04-09T16:00:00.000Z", + "endDate": "2024-04-23T16:00:00.000Z", + "multiHash": "QmdyjnVZAQW2MM4jPuFqLEpXdumTZqpoUKv5iiXboBZMKF", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Ratification%20Poll%20for%20MIP102%20Amendment%20(MIP102c2-SP33)%20-%20April%209%2C%202024.md", + "slug": "QmdyjnVZ", + "title": "Ratification Poll for MIP102 Amendment (MIP102c2-SP33) - April 9, 2024", + "summary": "This subproposal will amend MIP 102 to prevent blocking language from appearing in future amendment subproposals.", + "discussionLink": "https://forum.makerdao.com/t/mip102c2-sp33-mip102-amendment/23792", + "content": "The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Tuesday, April 9 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP33 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nThis proposal introduces language that will:
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "medium-impact", + "misc-governance", + "ratification", + "mips" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1104, + "blockCreated": 19661726, + "startDate": "2024-04-15T16:00:00.000Z", + "endDate": "2024-04-18T16:00:00.000Z", + "multiHash": "QmVXriiTPnHNxPKPfGz8fxckhXG94w8L71vpH5LePgfcfQ", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20-%20Activate%20the%20SparkLend%20External%20Security%20Access%20Multisig%20-%20April%2015%2C%202024.md", + "slug": "QmVXriiT", + "title": "SparkLend - Activate the SparkLend External Security Access Multisig - April 15, 2024", + "summary": "Signal your support or opposition to activating the SparkLend External Security Access Multisig for Freezer Mom.", + "discussionLink": "https://forum.makerdao.com/t/sparklend-external-security-access-multisig-for-freezer-mom/24070", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system. This Governance Poll will be active for three days beginning on Monday, April 15 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to activating the SparkLend External Security Access to the SparkLend Freezer Mom contract to the following multisig wallet:
\n0x44efFc473e81632B12486866AA1678edbb7BEeC3
\nThe SparkLend External Security Access Multisig is a security measure designed to enable faster activation of the SparkLend Freezer Module via a multisig during extreme emergencies. This approach allows for quicker responses than is possible through the normal governance process involving an emergency spell.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "misc-governance", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1106, + "blockCreated": 19662205, + "startDate": "2024-04-15T16:49:35.000Z", + "endDate": "2024-04-18T16:00:00.000Z", + "multiHash": "QmVsKsGacjcHGY1qspACQir57zUjMzUHbbbYA7wFYamBFn", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Gnosis%20-%20Update%20xDAI%20Oracle%20Parameter%20-%20April%2015%2C%202024.md", + "slug": "QmVsKsGa", + "title": "SparkLend Gnosis - Update xDAI Oracle Parameter - April 15, 2024", + "summary": "Update the \"Oracle\" parameter for xDAI.", + "discussionLink": "https://forum.makerdao.com/t/apr-4-2024-proposed-changes-to-sparklend-for-upcoming-spell/24033", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Tuesday, April 15 at 16:00 UTC.
\nThis is a binary vote.
\nThis poll allows the MakerDAO governance community to signal their support or opposition to updating the \"Oracle\" parameter for xDAI onto SparkLend on Gnosis.
\nPlease review the proposal thread for more information about this change.
\nA risk evaluation has been provided by BA Labs and can be found here.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "oracle", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1107, + "blockCreated": 19861477, + "startDate": "2024-05-13T16:00:00.000Z", + "endDate": "2024-05-27T16:00:00.000Z", + "multiHash": "QmNT7GRxySbHjdxUBAjtijTEZ9S9MVpLgNdS5PSuyoJ7iy", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Ratification%20Poll%20-%20MIP102c2-SP29%20-%20May%2013%2C%202024.md", + "slug": "QmNT7GRx", + "title": "Ratification Poll for MIP Amendment Subproposal (MIP102c2-SP29) - May 13, 2024", + "summary": "This subproposal will amend MIP101 to clarify for MKR holders their portion of SubDAO tokens, 25%, and the vesting schedule through which they will receive them.", + "discussionLink": "https://forum.makerdao.com/t/mip102c2-sp29-mip-amendment-subproposals/23672", + "content": "The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, May 13 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP29 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nThis subproposal aims to clarify for MKR holders their portion of SubDAO tokens, 25%, and the vesting schedule through which they will receive them. No specific technical implementation is prescribed, allowing flexibility in implementation details.
\nMKR holders fund the development of the initial product a SubDAO manages, MKR holders allocate funds or governance powers to the SubDAO, and MKR holders deserve a stake in SubDAOs after bearing that risk and outlay of resources.
\nSimultaneously, the MKR holder vesting schedule is more conservative than the farming emissions schedule, preventing immediate selling by existing MKR holders relative to farmers. The net effect is a marginally slower rate of SuDAO token inflation, because MKR holder vesting pushes some emissions further into the future in an effort to give MKR holders longer-term incentives. This also preserves the original intent for farming rewards to dominate emissions early in the SubDAO’s history, since they follow a halving-style emissions schedule.
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "ratification", + "mips" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1108, + "blockCreated": 19861483, + "startDate": "2024-05-13T16:00:00.000Z", + "endDate": "2024-05-27T16:00:00.000Z", + "multiHash": "QmPr9vBzucMiMpFh6mUrLQANtgYbC9dtuDgi3HZHfDmbmL", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Ratification%20Poll%20-%20MIP102c2-SP34%20-%20May%2013%2C%202024.md", + "slug": "QmPr9vBz", + "title": "Ratification Poll for MIP Amendment Subproposal (MIP102c2-SP34) - May 13, 2024", + "summary": "This subproposal seeks to make various updates to the Alignment Artifacts to prepare for Launch Season.", + "discussionLink": "https://forum.makerdao.com/t/mip102c2-sp34-mip-amendment-subproposal/23971", + "content": "The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, May 13 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP34 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nThis subproposal seeks to make various updates to the Alignment Artifacts to prepare for Launch Season.
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "ratification", + "mips" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1109, + "blockCreated": 19962126, + "startDate": "2024-05-27T16:00:00.000Z", + "endDate": "2024-05-30T16:00:00.000Z", + "multiHash": "QmQHu69aQmMiNM466BQYgibhwSUykw8pfdFJJpJhZmFgz6", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20and%20Gnosis%20-%20Update%20Interest%20Rate%20Models%20for%20ETH%2C%20DAI%2C%20USDC%2C%20USDT%2C%20and%20EURe%20-%20May%2027%2C%202024.md", + "slug": "QmQHu69a", + "title": "SparkLend Ethereum and Gnosis - Update Interest Rate Models for ETH, DAI, USDC, USDT, and EURe - May 27, 2024", + "summary": "Signal your support or opposition to updating IRMs for ETH, DAI, USDC, USDT, and EURe markets on SparkLend Ethereum and Gnosis.", + "discussionLink": "https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 27 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes to the SparkLend markets:
\nPlease review the discussion thread and analysis by BA Labs to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1110, + "blockCreated": 19962140, + "startDate": "2024-05-27T16:00:00.000Z", + "endDate": "2024-05-30T16:00:00.000Z", + "multiHash": "QmWdmh1e374hVCx5sUMVr3wwRwsappF5c2EEGoVrCgCzAm", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Increase%20Morpho%20DAI%20Vault%20Supply%20Caps%20-%20May%2027%2C%202024.md", + "slug": "QmWdmh1e", + "title": "SparkLend Ethereum - Increase Morpho DAI Vault Supply Caps - May 27, 2024", + "summary": "Signal your support or opposition to increasing the DAI supply caps for Morpho Spark DAI Vault on Ethereum mainnet.", + "discussionLink": "https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 27 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes to the Morpho Spark DAI vault:
\nPlease review the discussion thread and analysis from BA Labs to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nMorpho Spark DAI vault: https://forum.makerdao.com/t/introduction-and-initial-parameters-for-ddm-overcollateralized-spark-metamorpho-ethena-vault/23925
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1111, + "blockCreated": 19962142, + "startDate": "2024-05-27T16:00:00.000Z", + "endDate": "2024-05-30T16:00:00.000Z", + "multiHash": "QmT5e8NGVhE1cnWvgqueyzxtigDHz1omhi6PA8iJKRrt3w", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Gnosis%20-%20Turn%20Off%20Bridge%20Security%20Delay%20%20-%20May%2027%2C%202024.md", + "slug": "QmT5e8NG", + "title": "SparkLend Gnosis - Turn Off Bridge Security Delay - May 27, 2024", + "summary": "Signal your support or opposition to turn off the bridge security delay for SparkLend on Gnosis.", + "discussionLink": "https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 27 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes to SparkLend on Gnosis:
\nBA Labs confirms that removing the delay will not impact the risk profile of the Gnosis market.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1112, + "blockCreated": 19962145, + "startDate": "2024-05-27T16:00:00.000Z", + "endDate": "2024-05-30T16:00:00.000Z", + "multiHash": "QmZhjzUg9P5Gs9KN68fKAhFhw8C21AZpTNH9bZAPT8cEXc", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20and%20Gnosis%20-%20Turn%20off%20Siloed%20Borrowing%20for%20USDC%2C%20USDT%2C%20and%20EURe%20-%20May%2027%2C%202024.md", + "slug": "QmZhjzUg", + "title": "SparkLend Ethereum and Gnosis - Turn off Siloed Borrowing for USDC, USDT, and EURe - May 27, 2024", + "summary": "Signal your support or opposition to turning off siloed borrowing for USDC and USDT on both Ethereum mainnet and Gnosis, and for EURe on Gnosis.", + "discussionLink": "https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 27 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes to SparkLend:
\nPlease review the discussion thread and analysis by BA Labs to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1113, + "blockCreated": 20012044, + "startDate": "2024-06-03T16:00:00.000Z", + "endDate": "2024-06-06T16:00:00.000Z", + "multiHash": "QmPmVeDxVFt6fr3rJArtW89gYZtopFF9JyjL1dAFYeZww1", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Onboard%20weETH%20to%20SparkLend%20-%20June%203%2C%202024.md", + "slug": "QmPmVeDx", + "title": "SparkLend Ethereum - Onboard weETH to SparkLend - June 3, 2024", + "summary": "Onboard weETH (Etherfi weETH) to SparkLend on mainnet with the included parameters.", + "discussionLink": "https://forum.makerdao.com/t/may-31-2024-proposed-changes-to-sparklend-for-upcoming-spell/24413", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, June 3 at 16:00 UTC.
\nThis is a binary vote.
\nThis poll allows MakerDAO Governance to signal their support or opposition to adding weETH (Etherfi weETH) to SparkLend on mainnet with the parameters below:
\nPlease review the proposal thread for more information about this proposed onboarding.
\nA risk evaluation has been provided by BA Labs and can be found here.
\nThe Spark developer docs contain information on the parameters listed above and can be accessed at https://devs.spark.fi/.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "collateral-onboard", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1114, + "blockCreated": 20062322, + "startDate": "2024-06-10T16:00:00.000Z", + "endDate": "2024-06-24T16:00:00.000Z", + "multiHash": "QmZAfczn6HDp2kBS3gQQSQJJywirKUS3Ts2AWZSGvGwo1J", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Ratification%20Poll%20-%20MIP102c2-SP30%20-%20June%2010%2C%202024.md", + "slug": "QmZAfczn", + "title": "Ratification Poll for MIP Amendment Subproposal (MIP102c2-SP30) - June 10, 2024", + "summary": "This subproposal amends MIP104 to remove Monetalis as an Arranger; it also defines additional processes related to the removal of Arrangers.", + "discussionLink": "https://forum.makerdao.com/t/mip102c2-sp30-mip-amendment-subproposal/23729", + "content": "The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, June 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP30 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nMonetalis has not met its obligations as an Arranger, and its managed structures have underperformed financially. Governance should wind down the relationship to make room for a new Arranger.
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "ratification", + "mips" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1115, + "blockCreated": 20062330, + "startDate": "2024-06-10T16:00:00.000Z", + "endDate": "2024-06-24T16:00:00.000Z", + "multiHash": "QmZJjiPy7vbM8qrTNZFmuuFq4szi3yoy23g4uT21tqENr4", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Ratification%20Poll%20-%20MIP102c2-SP35%20-%20June%2010%2C%202024.md", + "slug": "QmZJjiPy", + "title": "Ratification Poll for MIP Amendment Subproposal (MIP102c2-SP35) - June 10, 2024", + "summary": "This subproposal amends MIP107 to define a process for stablecoin recovery.", + "discussionLink": "https://forum.makerdao.com/t/mip102c2-sp35-mip-amendment-subproposal-formal-submission/24423", + "content": "The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, June 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP35 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nThis subproposal will amend MIP107 Section 8.1, to include a strategy for the specifications of recoveries.
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "medium-impact", + "ratification", + "mips" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1117, + "blockCreated": 20112099, + "startDate": "2024-06-17T16:00:00.000Z", + "endDate": "2024-06-20T16:00:00.000Z", + "multiHash": "QmdQYTQek1BuQeHCvg4ycVtZcTHL4ERnYDmMttKA8AvDbe", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Gnosis%20-%20Onboard%20USDC.e%20to%20SparkLend%20-%20June%2017%2C%202024.md", + "slug": "QmdQYTQe", + "title": "SparkLend Gnosis - Onboard USDC.e to SparkLend - June 17, 2024", + "summary": "Signal your support or opposition to onboarding USDC.e (Bridged Circle USDC) to Spark Protocol on Gnosis with included parameters.", + "discussionLink": "https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, June 17 at 16:00 UTC.
\nThis is a binary vote.
\nThis poll allows the MakerDAO governance community to signal their support or opposition to adding USDC.e (Bridged Circle USDC) to Spark Protocol on Gnosis with the parameters below:
\nPlease review the proposal thread for more information about this proposed onboarding.
\nA risk evaluation has been provided by BA Labs and can be found here.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "collateral-onboard", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1118, + "blockCreated": 20112102, + "startDate": "2024-06-17T16:00:00.000Z", + "endDate": "2024-06-20T16:00:00.000Z", + "multiHash": "QmU6KSGc879Pn5u8eSYj8Q9rBJnfYoXuKYDwfsD8J8mQv2", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Gnosis%20-%20Update%20USDC%20Parameters%20to%20Prepare%20for%20Offboarding%20-%20June%2017%2C%202024.md", + "slug": "QmU6KSGc", + "title": "SparkLend Gnosis - Update USDC Parameters to Prepare for Offboarding - June 17, 2024", + "summary": "Signal your support or opposition to updating parameters for USDC (Circle USDC) for collateral offboarding.", + "discussionLink": "https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, June 17 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes to the USDC (Circle USDC) interest rate model on SparkLend Gnosis:
\nPlease review the discussion thread and analysis by BA Labs to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "collateral-offboard", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1119, + "blockCreated": 20112139, + "startDate": "2024-06-17T16:00:00.000Z", + "endDate": "2024-06-20T16:00:00.000Z", + "multiHash": "QmQv9zQRzXxJU61XVdVjD8A73SBkUdwNtvQjehDTCVy2hw", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Increase%20Morpho%20Vault%20Supply%20Caps%20-%20June%2017%2C%202024.md", + "slug": "QmQv9zQR", + "title": "SparkLend Ethereum - Increase Morpho DAI Vault Supply Caps - June 17, 2024", + "summary": "Signal your support or opposition to increasing the DAI supply caps for select Morpho Spark DAI Vault markets on Ethereum mainnet.", + "discussionLink": "https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, June 17 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes to the Morpho Spark DAI vault:
\nPlease review the discussion thread and analysis from BA Labs to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nMorpho Spark DAI vault: https://forum.makerdao.com/t/introduction-and-initial-parameters-for-ddm-overcollateralized-spark-metamorpho-ethena-vault/23925
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "risk-parameter", + "d3m", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1120, + "blockCreated": 20212508, + "startDate": "2024-07-01T16:00:00.000Z", + "endDate": "2024-07-04T16:00:00.000Z", + "multiHash": "QmTBsxR5a7hN2WMbMPUFzXnPrYjDVRNNySH1PJVhv8xw25", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Increase%20Capacity%20of%20weETH%20-%20July%201%2C%202024.md", + "slug": "QmTBsxR5", + "title": "SparkLend Ethereum - Increase Capacity of weETH - July 1, 2024", + "summary": "Increase capacity of weETH (Etherfi weETH) on SparkLend Ethereum.", + "discussionLink": "https://forum.makerdao.com/t/jun-27-2024-proposed-changes-to-spark-for-upcoming-spell/24552", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, July 1 at 16:00 UTC.
\nThis is a binary vote.
\nThis poll allows MakerDAO Governance to signal their support or opposition to increasing the capacity of weETH (Etherfi weETH) on mainnet with the following parameter changes:
\nPlease review the proposal thread for more information about this proposed onboarding.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1121, + "blockCreated": 20212527, + "startDate": "2024-07-01T16:00:00.000Z", + "endDate": "2024-07-04T16:00:00.000Z", + "multiHash": "QmNj79qEASXjUzNDy8BGkv54V3PNmr4vycpQR43pjJWnTn", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Multiple%20Scope%20Bootstrapping%20Edits%20-%20July%201%2C%202024.md", + "slug": "QmNj79qE", + "title": "Multiple Scope Bootstrapping Edits - July 1, 2024", + "summary": "Signal your support or opposition to the listed edits to the Stability and Accessibility Scopes.", + "discussionLink": "https://forum.makerdao.com/t/atlas-bootstrapping-edit-proposal/24557", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system using their powers defined in MIP113.12.1.2. This Governance Poll will be active for three days beginning on Monday, July 1 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the changes in the following Github Pull Request:
\n\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "mips" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1122, + "blockCreated": 20212537, + "startDate": "2024-07-01T16:00:00.000Z", + "endDate": "2024-07-04T16:00:00.000Z", + "multiHash": "Qmc44Zo94Hj4qYaehtZkRkEkvnDVDcoNnBiK1QgNY2RtJ1", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Atlas%20Bootstrapping%20Edits%20-%20July%201%2C%202024.md", + "slug": "Qmc44Zo9", + "title": "Atlas Bootstrapping Edits - July 1, 2024", + "summary": "Signal your support or opposition to the listed edits to the Atlas.", + "discussionLink": "https://forum.makerdao.com/t/atlas-bootstrapping-edit-proposal/24557/1", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system using their powers defined in MIP113 12.1.1. This Governance Poll will be active for three days beginning on Monday, July 1 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the changes in the following Github Pull Request:
\n\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "mips" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1124, + "blockCreated": 20312746, + "startDate": "2024-07-15T16:00:00.000Z", + "endDate": "2024-07-18T16:00:00.000Z", + "multiHash": "QmdcHXHymyx8Dmg9HgAyjqyMCvWktmD5NJ25CqMLMYdWxz", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/LITE-PSM-USDC-A%20Phase%201%20Parameter%20Proposal%20-%20July%2015%2C%202024.md", + "slug": "QmdcHXHy", + "title": "LITE-PSM-USDC-A Phase 1 Parameter Proposal - July 15, 2024", + "summary": "Signal your support or opposition to deploying a new LitePSM with recommended parameters.", + "discussionLink": "https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, July 15 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to initiating the LITE-PSM-USDC-A Phase 1 with the following recommended changes:
\ntin & tout: 0 (remains unchanged).line (Maximum Debt Ceiling): 10 billion DAI (remains unchanged).gap (Target Available Debt): Decrease by 20 million DAI, from 400 million DAI to 380 million DAI.ttl (Ceiling Increase Cooldown): 12 hours (remains unchanged).tin & tout: Set to 0.line (Maximum Debt Ceiling): Set to 50 million DAI.gap (Target Available Debt): Set to 20 million DAI.ttl (Ceiling Increase Cooldown): Set to 12 hours.buf: Set to 20 million DAI.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "risk-parameter", + "psm" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1125, + "blockCreated": 20312769, + "startDate": "2024-07-15T16:00:00.000Z", + "endDate": "2024-07-18T16:00:00.000Z", + "multiHash": "QmWCBwtq9KMAVy2YqNi7DSjF6c2WaGZCvwNxxjUZzhzNKW", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Activate%20a%20Morpho%20Market%20for%20Pendle%20PT%20sUSDe%20with%20Oct%2025%2C%202024%20Maturity%20-%20July%2015%2C%202024.md", + "slug": "QmWCBwtq", + "title": "SparkLend Ethereum - Activate a Morpho Market for Pendle PT sUSDe with Oct 25, 2024 Maturity - July 15, 2024", + "summary": "Signal your support or opposition to the addition of a Pendle PT sUSDe with October 25, 2024 maturity market to the Morpho Spark DAI Vault.", + "discussionLink": "https://forum.makerdao.com/t/jul-12-2024-proposed-changes-to-spark-for-upcoming-spell/24635", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, July 15 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to activating a Morpho market for Pendle PT sUSDe with Oct 25, 2024 maturity with the following parameters:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "collateral-onboard", + "risk-parameter", + "d3m", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1126, + "blockCreated": 20412671, + "startDate": "2024-07-29T16:00:00.000Z", + "endDate": "2024-08-01T16:00:00.000Z", + "multiHash": "QmdFCRfKJ3YXeBSsdTkBF63vvREs3sPk6PFjS8sBALoGUp", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Activate%20Lido%20LST%20Interest%20Rate%20Model%20(IRM)%20-%20July%2029%2C%202024.md", + "slug": "QmdFCRfK", + "title": "SparkLend Ethereum - Activate Lido Liquid Staking (LST) Interest Rate Model (IRM) - July 29, 2024", + "summary": "Signal your support or opposition to activating the Lido Liquid Staking (LST) yield oracle and the linked Interest Rate Model (IRM) for the ETH market on SparkLend.", + "discussionLink": "https://forum.makerdao.com/t/jul-27-2024-proposed-changes-to-spark-for-upcoming-spell/24755", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, July 29 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to activating the Lido Liquid Staking (LST) yield oracle and the linked Interest Rate Model (IRM) for the ETH market on SparkLend with the following parameters:
\nbase rate: 0%variableRateSlope1Spread: 0%upperBound: 5.5%lowerBound: 2%defaultRate: 3%slope 2: 120%The following contracts will be used:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nFurther information about Spark Protocol can be found at its Documentation Hub.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1127, + "blockCreated": 20513339, + "startDate": "2024-08-12T16:00:00.000Z", + "endDate": "2024-08-15T16:00:00.000Z", + "multiHash": "QmaDkRuhgHHTNPrnFHU1guoTPzy75Hfe44jREk9rHXscXT", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Multiple%20Scope%20Bootstrapping%20Edits%20-%20August%2012%2C%202024.md", + "slug": "QmaDkRuh", + "title": "Multiple Scope Bootstrapping Edits - August 12, 2024", + "summary": "Signal your support or opposition to the listed edits to the Stability and Accessibility Scopes.", + "discussionLink": "https://forum.makerdao.com/t/proposal-for-bootstrapping-edit-proposal-vote-to-enable-endgame-launch/24842", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system using their powers defined in MIP113.12.1.2. This Governance Poll will be active for three days beginning on Monday, August 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the changes in the following Github Pull Request:
\n\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "mips" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1128, + "blockCreated": 20513347, + "startDate": "2024-08-12T16:00:00.000Z", + "endDate": "2024-08-15T16:00:00.000Z", + "multiHash": "QmU7XJ6XVgHuP1GBYV1bd1GuQHQo9R5S8BDuLW65QKM19Q", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/LITE-PSM-USDC-A%20Phase%202%20Parameter%20Proposal%20-%20August%2012%2C%202024.md", + "slug": "QmU7XJ6X", + "title": "LITE-PSM-USDC-A Phase 2 (Major Migration) Parameter Proposal - August 12, 2024", + "summary": "Signal your support or opposition to the LITE-PSM-USDC-A Phase 2 parameter proposal.", + "discussionLink": "https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, August 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to making the following changes in the context of the LITE-PSM-USDC-A migration plan:
\nUpdate the below contracts so they point to the LitePSM:
\n\n(Monetalis Clydesdale Coinbase Custody will start migrating reserves to the LitePSM based on the throughput limits).
\nMigrate all but 200 million USDC reserves from PSM-USDC-A to LitePSM with a script to be executed in an upcoming spell.
\nThe PSM-USDC-A liquidity throughput is decreased; the LitePSM is increased and potential liquidity remains constant:
\nPSM-USDC-A\ntin & tout: Increase by 0.01 percentage points, from 0% to 0.01%.line (Maximum Debt Ceiling): Decrease by 7.5 billion DAI, from 10 billion DAI to 2.5 billion DAI.gap (Target Available Debt): Decrease by 180 million DAI, from 380 million DAI to 200 million DAI.ttl (Ceiling Increase Cooldown): 12 hours (remains unchanged).LITE-PSM-USDC-A\ntin & tout: 0 (remains unchanged).line (Maximum Debt Ceiling): Increase by 7.45 billion DAI, from 50 million DAI to 7.5 billion DAI.gap (Target Available Debt): Increase by 180 million DAI, from 20 million DAI to 200 million DAI.ttl (Ceiling Increase Cooldown): 12 hours (remains unchanged).buf: Increase by 180 million DAI, from 20 million DAI to 200 million DAI.GSM Delay: Increase by 14 hours, from 16 hours to 30 hours.
\nA new KeeperJob will be deployed with the following parameters:
\nfill: The rushThreshold will be set to 20 million DAItrim: The gushThreshold will be set to 20 million DAIchug: The cutThreshold will be set to 300,000 DAIPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "psm" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1129, + "blockCreated": 20513357, + "startDate": "2024-08-12T16:00:00.000Z", + "endDate": "2024-08-26T16:00:00.000Z", + "multiHash": "QmQ5uTnALdx6Vyh2XTbsgYRefUcwH18qWzFXopSr84ZT8G", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Ratification%20Poll%20-%20MIP102c2-SP36%20-%20August%2012%2C%202024.md", + "slug": "QmQ5uTnA", + "title": "Ratification Poll for MIP Amendment Subproposal (MIP102c2-SP36) - August 12, 2024", + "summary": "This subproposal amends MIPs 101, 104, 106, 107, and 113 in preparation for Launch Season.", + "discussionLink": "https://forum.makerdao.com/t/mip102c2-sp36-mip-amendment-subproposal/24382", + "content": "The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, August 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to MIP102c2-SP36 being accepted and implemented in the Maker Protocol.
\nA brief summary of this proposal has been provided by the MIP Author and is shown below:
\nThis subproposal seeks to make various updates to the Alignment Artifacts to prepare for Launch Season.
\nPlease review the links below to inform your position on this proposal before voting.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
\nOtherwise, this proposal will be marked as rejected per MIP51.
\nMIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "ratification", + "mips" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1130, + "blockCreated": 20522732, + "startDate": "2024-08-13T23:00:00.000Z", + "endDate": "2024-08-16T23:00:00.000Z", + "multiHash": "QmZJVohz2mLZsXYTbBPVxCgucQwJ2e9g2B4rxSTDDoXcyr", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Out%20of%20Schedule%20Bootstrapping%20Edits%20-%20August%2013%2C%202024.md", + "slug": "QmZJVohz", + "title": "Out of Schedule Bootstrapping Edits - August 13, 2024", + "summary": "Signal your support or opposition to the listed out-of-schedule edits to the Accessibility Scopes.", + "discussionLink": "https://forum.makerdao.com/t/out-of-schedule-governance-poll/24898", + "content": "The Governance Facilitators have placed an out-of-schedule Governance Poll into the voting system using their powers defined in MIP113.12.1.1, in response to a request from the Ecosystem Team. This Governance Poll will be active for three days beginning on Tuesday, August 13 at 23:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the changes in the following Github Pull Request:
\n\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "mips" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1131, + "blockCreated": 20613093, + "startDate": "2024-08-26T16:00:00.000Z", + "endDate": "2024-08-29T16:00:00.000Z", + "multiHash": "QmQa73CcHU3aEQULhyktPnUuVAm2USspY4854Jh9hYH6xK", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Remove%20WBTC-BTC%20from%20Kill%20Switch%20-%20August%2026%2C%202024.md", + "slug": "QmQa73Cc", + "title": "SparkLend Ethereum - Remove WBTC/BTC from Kill Switch - August 26, 2024", + "summary": "Signal your support or opposition to removing WBTC/BTC from Kill Switch.", + "discussionLink": "https://forum.makerdao.com/t/aug-23-2024-proposal-changes-to-spark-for-upcoming-spell/24940", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Scope Facilitators. This Governance Poll will be active for three days beginning on Monday, August 26 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to removing the WBTC/BTC kill switch, as it is no longer necessary to prevent additional borrowing in cases where WBTC depegs since new borrowings from accounts with WBTC collateral are not possible.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nAdditional information about the WBTC Changes and Risk Mitigation can be found in this post.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1132, + "blockCreated": 20613100, + "startDate": "2024-08-26T16:00:00.000Z", + "endDate": "2024-08-29T16:00:00.000Z", + "multiHash": "QmW55juUg2Xi8V6YDDmR14fmpWkHHAzXdHrY6DWGNMmNNT", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20Oracle%20Upgrade%20for%20ETH%2C%20wstETH%2C%20rETH%2C%20and%20weETH%20Markets%20to%20use%20Aggor%20-%20August%2026%2C%202024.md", + "slug": "QmW55juU", + "title": "SparkLend Ethereum - Oracle Upgrade for ETH, wstETH, rETH, and weETH Markets to use Aggor - August 26, 2024", + "summary": "Signal your support or opposition to using oracle aggregator Aggor for ETH, wstETH, rETH, and weETH markets.", + "discussionLink": "https://forum.makerdao.com/t/aug-23-2024-proposal-changes-to-spark-for-upcoming-spell/24940", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Scope Facilitators. This Governance Poll will be active for three days beginning on Monday, August 26 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to using oracle aggregator Aggor for the ETH, wstETH, rETH, and weETH markets, with the following contracts for oracles:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "oracle", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1133, + "blockCreated": 20713922, + "startDate": "2024-09-09T16:00:00.000Z", + "endDate": "2024-09-12T16:00:00.000Z", + "multiHash": "QmVXbUyMHM4DHgqNZrRJphT85WrfGj2dZzKRCsRo7pCDA2", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Atlas%20v2%20Upgrade%20-%20September%209%2C%202024.md", + "slug": "QmVXbUyM", + "title": "Atlas v2 Upgrade - September 9, 2024", + "summary": "Signal your support or opposition to the Atlas v2 upgrade.", + "discussionLink": "https://forum.makerdao.com/t/atlas-v2-upgrade-poll-request/25010", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Atlas Axis following the process described in Article 1.1 of The Atlas. This Governance Poll will be active for three days beginning on Monday, September 9 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the Atlas v2 upgrade process.
\nAtlas v2 may be viewed at the following links:
\n\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "misc-governance", + "risk-parameter", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1134, + "blockCreated": 20713933, + "startDate": "2024-09-09T16:00:00.000Z", + "endDate": "2024-09-12T16:00:00.000Z", + "multiHash": "QmTySKwiipTe1DEGkFKjutAD2xVPSdSgxywbyP8dbinWYr", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Sky%20Protocol%20Launch%20Season%20-%20Token%20and%20Product%20Launch%20Parameter%20Proposal%20-%20September%209%2C%202024.md", + "slug": "QmTySKwi", + "title": "Sky Protocol Launch Season - Token and Product Launch Parameter Proposal - September 9, 2024", + "summary": "Signal your support or opposition to the token and product launch parameters.", + "discussionLink": "https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance Poll will be active for three days beginning on Monday, September 9 at 16:00 UTC.
\nThis is a binary vote.
\nThis proposal will only take effect if the concurrent Atlas v2 Upgrade proposal passes.
\nThe community can vote in this poll to express support or opposition to the changes described below. In summary, this covers the following items (find attached corresponding GitHub repos, which include README files that explain all technical details):
\nTo learn more about Launch Season, refer to:
\nhump: 55 million DAI.bump: 65,000 DAI (USDS in practice).burn: 100% (1.0 * WAD).hop: 10,249 seconds.flapper: FlapperUniV2.pip: OracleWrapper (0x38e8c1D443f546Dc014D7756ec63116161CB7B25).want: 0.98 * WAD.vestBgn: block.timestamp - 7 days.vestTau: 365 days.distribute() in VestedRewardsDistribution contract in the spell execution.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the Atlas v2 Upgrade proposal passes then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "technical", + "endgame", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1135, + "blockCreated": 20763836, + "startDate": "2024-09-16T16:00:00.000Z", + "endDate": "2024-09-19T16:00:00.000Z", + "multiHash": "QmSiQVWm5p6aQgjTNo1eakmvPnBQZ4fCAKPXyX4oJwmQQj", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/WBTC%20Offboarding%20-%20Phase%201%20-%20September%2016%2C%202024.md", + "slug": "QmSiQVWm", + "title": "Offboarding Parameters for WBTC Collateral Types - Phase 1 - September 16, 2024", + "summary": "Signal your support or opposition to the WBTC-A, WBTC-B, and WBTC-C offboarding parameter changes included herein.", + "discussionLink": "https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance Poll will be active for three days beginning on Monday, September 16 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the WBTC collateral types offboarding parameters described below.
\nThe WBTC collateral types offboarding will take place progressively over the course of several Executive Votes.
\nWBTC-A: Decrease Stability Fee by 7.75 percentage points, from 7.75% to 0%.\nWBTC-B: Decrease Stability Fee by 8.25 percentage points, from 8.25% to 0%.\nWBTC-C: Decrease Stability Fee by 7.50 percentage points, from 7.50% to 0%.
\ngap from 500 WBTC to 200 WBTC.max from 10,000 WBTC to 5,000 WBTC.gap from 100 WBTC to 1 WBTC.max from 2,000 WBTC to 1 WBTC.For more details on the Cap Automator parameters, please visit this forum post.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-offboard" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1136, + "blockCreated": 20763847, + "startDate": "2024-09-16T16:00:00.000Z", + "endDate": "2024-09-19T16:00:00.000Z", + "multiHash": "QmSHf9skni7c2hE1K4y1GjRsDoJyzrFvwYWyDpmU1UC9uc", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/WBTC%20Offboarding%20-%20Phase%202%20-%20September%2016%2C%202024.md", + "slug": "QmSHf9sk", + "title": "Offboarding Parameters for WBTC Collateral Types - Phase 2 - September 16, 2024", + "summary": "Signal your support or opposition to the WBTC-A, WBTC-B, and WBTC-C offboarding parameter changes included herein.", + "discussionLink": "https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance Poll will be active for three days beginning on Monday, September 16 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the WBTC collateral types offboarding parameters described below.
\nThe WBTC collateral types offboarding will take place progressively over the course of several Executive Votes. The tentative starting date for the Executive Vote corresponding to this Governance Poll can be found below under Outcomes.
\nilk.hole) parameters:\ngap from 200 WBTC to 100 WBTC.max from 5,000 WBTC to 3,500 WBTC.For more details on the Cap Automator parameters, please visit this forum post.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-offboard" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1137, + "blockCreated": 20763863, + "startDate": "2024-09-16T16:00:00.000Z", + "endDate": "2024-09-19T16:00:00.000Z", + "multiHash": "QmbQpUP53NFQdbJRkua4LQRRJfD8MaiCHkWnNNGtcS761S", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/WBTC%20Offboarding%20-%20Phase%203%20-%20September%2016%2C%202024.md", + "slug": "QmbQpUP5", + "title": "Offboarding Parameters for WBTC Collateral Types - Phase 3 - September 16, 2024", + "summary": "Signal your support or opposition to the WBTC-A, WBTC-B, and WBTC-C offboarding parameter changes included herein.", + "discussionLink": "https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance Poll will be active for three days beginning on Monday, September 16 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the WBTC collateral types offboarding parameters described below.
\nThe WBTC collateral types offboarding will take place progressively over the course of several Executive Votes. The tentative starting date for the Executive Vote corresponding to this Governance Poll can be found below under Outcomes.
\ngap from 100 WBTC to 50 WBTC.max from 3,500 WBTC to 2,500 WBTC.This Governance Poll does not include legacy vault parameter changes; it only includes SparkLend parameter changes.
\nFor more details on the Cap Automator parameters, please visit this forum post.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-offboard" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1138, + "blockCreated": 20763869, + "startDate": "2024-09-16T16:00:00.000Z", + "endDate": "2024-09-19T16:00:00.000Z", + "multiHash": "QmaAhBojyPRA3kJmgmkhRvc1Fw8GFPA6Qvg62PGrCTTBiR", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/WBTC%20Offboarding%20-%20Phase%204%20-%20September%2016%2C%202024.md", + "slug": "QmaAhBoj", + "title": "Offboarding Parameters for WBTC Collateral Types - Phase 4 - September 16, 2024", + "summary": "Signal your support or opposition to the WBTC-A, WBTC-B, and WBTC-C offboarding parameter changes included herein.", + "discussionLink": "https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance Poll will be active for three days beginning on Monday, September 16 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the WBTC collateral types offboarding parameters described below.
\nThe WBTC collateral types offboarding will take place progressively over the course of several Executive Votes. The tentative starting date for the Executive Vote corresponding to this Governance Poll can be found below under Outcomes.
\ngap from 50 WBTC to 0 WBTC.max from 2,500 WBTC to 0 WBTC.This Governance Poll does not include legacy vault parameter changes; it only includes SparkLend parameter changes.
\nFor more details on the Cap Automator parameters, please visit this forum post.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-offboard" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1139, + "blockCreated": 20763877, + "startDate": "2024-09-16T16:00:00.000Z", + "endDate": "2024-09-19T16:00:00.000Z", + "multiHash": "QmRcz8qhnXqFvhUj5WXySpvZ7HGex61Cew5BdUXynSAgVN", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/WBTC%20Offboarding%20-%20Phase%205%20-%20September%2016%2C%202024.md", + "slug": "QmRcz8qh", + "title": "Offboarding Parameters for WBTC Collateral Types - Phase 5 - September 16, 2024", + "summary": "Signal your support or opposition to the WBTC-A, WBTC-B, and WBTC-C offboarding parameter changes included herein.", + "discussionLink": "https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance Poll will be active for three days beginning on Monday, September 16 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the WBTC collateral types offboarding parameters described below.
\nThe WBTC collateral types offboarding will take place progressively over the course of several Executive Votes, with the one associated with this Governance Poll being the last one. The tentative starting date for the Executive Vote corresponding to this Governance Poll can be found below under Outcomes.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-offboard" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1140, + "blockCreated": 20763889, + "startDate": "2024-09-16T16:00:00.000Z", + "endDate": "2024-09-19T16:00:00.000Z", + "multiHash": "QmSxswGNcq5ThpqVTMEbbwpEkGJiizPEPZTUj9ad4PhhKp", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Smart%20Burn%20Engine%20Parameter%20Reconfiguration%20-%20August%2016%2C%202024.md", + "slug": "QmSxswGN", + "title": "Smart Burn Engine Parameter Reconfiguration - September 16, 2024", + "summary": "Signal your support or opposition to reconfiguring the SBE parameters so that it will 1) use a strategy that will accumulate SKY and 2) adjust its rate of accumulation to comply with the Atlas.", + "discussionLink": "https://forum.makerdao.com/t/smart-burn-engine-transaction-analysis-and-parameter-reconfiguration-update-9/25078", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance Poll will be active for three days beginning on Monday, September 16 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following Smart Burn Engine (SBE) parameter changes:
\nhop parameter will be increased by 1,386 seconds from 10,249 seconds to 11,635 seconds.bump parameter will be decreased by 40,000 DAI from 65,000 DAI to 25,000 DAI (USDS in practice).want parameter will remain unchanged at 0.98 * WAD.flapper parameter will be changed from FlapperUniV2 (0x0c10Ae443cCB4604435Ba63DA80CCc63311615Bc) to FlapperUniV2SwapOnly (0x374D9c3d5134052Bc558F432Afa1df6575f07407).pip parameter will be changed from MediumMKRUSD (0xdbbe5e9b1daa91430cf0772fcebe53f6c6f137df) to SWAP_ONLY_FLAP_SKY_ORACLE (0x61A12E5b1d5E9CC1302a32f0df1B5451DE6AE437).pair parameter will be set to USDS/SKY UniV2.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1141, + "blockCreated": 20763900, + "startDate": "2024-09-16T16:00:00.000Z", + "endDate": "2024-09-19T16:00:00.000Z", + "multiHash": "QmPFkXnaQZngVbw9PPWuy6zsGbf7DcbfFSi6NHCVirAviW", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/SparkLend%20Ethereum%20-%20cbBTC%20Collateral%20Onboarding%20-%20September%2016%2C%202024.md", + "slug": "QmPFkXna", + "title": "SparkLend Ethereum - cbBTC Collateral Onboarding - September 16, 2024", + "summary": "Signal your support or opposition to onboarding Coinbase Wrapped BTC (cbBTC) on SparkLend on Ethereum mainnet.", + "discussionLink": "https://forum.makerdao.com/t/sep-12-2024-proposed-changes-to-spark-for-upcoming-spell/25076", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance Poll will be active for three days beginning on Monday, September 16 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Coinbase Wrapped BTC (cbBTC) on SparkLend on Ethereum mainnet with the following parameters:
\nmax): 3,000 cbBTCgap): 500 cbBTCttl): 12 hoursmax): 500 cbBTCgap): 50 cbBTCttl): 12 hourscbBTC contract: 0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf
\nOracle: Chronicle Labs BTC/USD
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1142, + "blockCreated": 20763920, + "startDate": "2024-09-16T16:00:00.000Z", + "endDate": "2024-09-19T16:00:00.000Z", + "multiHash": "QmPc3zfJi1Divr56WYFha9qjrMhvPtii26EDQYptJx6x2V", + "url": "https://raw.githubusercontent.com/makerdao/community/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20September%2016%2C%202024.md", + "slug": "QmPc3zfJ", + "title": "Atlas Edit Weekly Cycle Proposal - September 16, 2024", + "summary": "Signal your support or opposition to this Atlas edit, which 1) Updates the GSM Delay Exception for the Smart Burn Engine based on a request from BA Labs, 2) adds exemption for the Facilitator anonymity requirement for Ecosystem based on discussion with Governance Facilitators, 3) makes minor updates to language in some places to incorporate initial feedback on Atlas v2.", + "discussionLink": "https://forum.makerdao.com/t/atlas-edit-weekly-cycle-proposal/25083", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Aligned Delegate Blue. This Governance Poll will be active for three days beginning on Monday, September 16 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle proposal:
\n\nA brief summary of this Atlas Edit has been provided by the proposal author and is shown below:
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "mips" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1143, + "blockCreated": 20814312, + "startDate": "2024-09-23T16:00:00.000Z", + "endDate": "2024-09-26T16:00:00.000Z", + "multiHash": "QmRjrFYGK6hqsnAAu9rhFJc4aLBkyFLut421svH1zScM11", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/LITE-PSM-USDC-A%20Phase%203%20(Final%20Migration)%20Parameter%20Proposal%20-%20September%2023%2C%202024.md", + "slug": "QmRjrFYG", + "title": "LITE-PSM-USDC-A Phase 3 (Final Migration) Parameter Proposal - September 23, 2024", + "summary": "Signal your support or opposition to the LITE-PSM-USDC-A Phase 3 parameter proposal.", + "discussionLink": "https://forum.makerdao.com/t/lite-psm-usdc-a-phase-3-final-migration-proposed-parameters/25183", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, September 23 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes in the context of the LITE-PSM-USDC-A migration plan:
\ntin & tout will be set to zero before migration is executed in the spell transaction)tin) by 0.01 percentage points to 0.tout) by 0.01 percentage points to 0.tin) and Toll (tout)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.2_Toll_Fee_Out_Definition-a6367de6-db65-4d77-9c29-e1f42617f27e|57ea599773d45150b2632df9) unchanged at 0.line) by 2.5 billion DAI from 7.5 billion DAI to 10 billion DAI.gap) by 200 million DAI from 200 million DAI to 400 million DAI.ttl) unchanged at 12 hours.buf) by 200 million DAI from 200 million DAI to 400 million DAI.The parameters for the KeeperNetworkJob will be:
\nfill: set rushThreshold to 20 million DAI.trim: set gushThreshold to 20 million DAI.chug: set cutThreshold to 300,000 DAI.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "collateral-offboard", + "risk-parameter", + "psm" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1144, + "blockCreated": 20814319, + "startDate": "2024-09-23T16:00:00.000Z", + "endDate": "2024-09-26T16:00:00.000Z", + "multiHash": "QmfYzKThsggufqQ7eJnmcg5EtUnUTdqT3Divq8AyFw2mte", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20September%2023%2C%202024.md", + "slug": "QmfYzKTh", + "title": "Atlas Edit Weekly Cycle Proposal - September 23, 2024", + "summary": "Signal your support or opposition to this Atlas edit, which 1) adds an exemption allowing the Ecosystem entity to occupy multiple ecosystem roles, 2) adjusts the wording regarding non-compliance for location-filtering, 3) adds a short term Sky on Solana crosschain strategy, 4) approves a liquidity bootstrapping budget for the Sky Ecosystem.", + "discussionLink": "https://forum.makerdao.com/t/atlas-edit-weekly-cycle-proposal-week-of-2024-09-23/25179", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate Byteron. This Governance Poll will be active for three days beginning on Monday, September 23 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nA brief summary of this Atlas Edit is shown below:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1145, + "blockCreated": 20914237, + "startDate": "2024-10-07T16:00:00.000Z", + "endDate": "2024-10-10T16:00:00.000Z", + "multiHash": "QmbHaA2GDCozhB5cxf7aDnzWcbBgKXYJ2s4r8h5VUMmoAb", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Onboard%20PT-sUSDe-26Dec2024%20and%20PT-sUSDe-27Mar2025%20to%20Morpho%20Spark%20DAI%20Vault%20-%20October%207%2C%202024.md", + "slug": "QmbHaA2G", + "title": "SparkLend Ethereum - Onboard PT-sUSDe-26Dec2024 and PT-sUSDe-27Mar2025 to Morpho Spark DAI Vault - October 7, 2024", + "summary": "Signal your support or opposition to onboarding PT-sUSDe-26Dec2024 and PT-sUSDe-27Mar2025 to Morpho Spark DAI vault.", + "discussionLink": "https://forum.sky.money/t/oct-3-2024-proposed-changes-to-spark-for-upcoming-spell/25293", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance Poll will be active for three days beginning on Monday, October 7 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding the two additional Pendle sUSDe PT maturities PT-sUSDe-26Dec2024 and PT-sUSDe-27Mar2025 to the Morpho Spark DAI vault with the configurations that follow:
\nPlease review the discussion thread to help inform your position before voting. An overview of Pendle PTs can be found in this July 13, 2024 forum post.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1146, + "blockCreated": 20914243, + "startDate": "2024-10-07T16:00:00.000Z", + "endDate": "2024-10-10T16:00:00.000Z", + "multiHash": "QmShWccAV3nC5UjfWgRa912LSWLX3LBdpUYEhmcFF11r21", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Onboard%20sUSDS%20to%20SparkLend%20as%20a%20Collateral-only%20Asset%20-%20October%207%2C%202024.md", + "slug": "QmShWccA", + "title": "SparkLend Ethereum - Onboard sUSDS to SparkLend as a Collateral-only Asset - October 7, 2024", + "summary": "Signal your support or opposition to onboarding sUSDS to SparkLend Ethereum as a collateral-only asset.", + "discussionLink": "https://forum.sky.money/t/oct-3-2024-proposed-changes-to-spark-for-upcoming-spell/25293", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance Poll will be active for three days beginning on Monday, October 7 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following onboarding sUSDS as a collateral-only (i.e., non-borrowable) asset on SparkLend Ethereum with the following parameters:
\nmax): 500 million sUSDSgap): 50 million sUSDSttl): 12 hoursmax): N/Agap): N/Attl): N/AEmode) Category: 0Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1147, + "blockCreated": 20914252, + "startDate": "2024-10-07T16:00:00.000Z", + "endDate": "2024-10-10T16:00:00.000Z", + "multiHash": "QmTksxrrq9ZNXzhPhdhwQJENwgDDjTKixyn2LZSUS1DdVA", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Update%20Oracle%20for%20sDAI%20on%20SparkLend%20to%20Use%20Fixed%201%20USD%20Price%20-%20October%207%2C%202024.md", + "slug": "QmTksxrr", + "title": "SparkLend Ethereum - Update Oracle for sDAI on SparkLend to Use Fixed 1 USD Price - October 7, 2024", + "summary": "Signal your support or opposition to updating the oracle for sDAI on SparkLend to use a fixed 1 USD price.", + "discussionLink": "https://forum.sky.money/t/oct-3-2024-proposed-changes-to-spark-for-upcoming-spell/25293", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance Poll will be active for three days beginning on Monday, October 7 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to updating the oracle for sDAI so that it no longer uses a Chainlink market price for DAI/USD as part of the calculation but instead a fixed 1 USD peg, resulting in the oracle for sDAI calculating the price as follows: 1 USD * sDAI/DAI redemption rate from the sDAI contract.
Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "oracle", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1148, + "blockCreated": 20964754, + "startDate": "2024-10-14T16:00:00.000Z", + "endDate": "2024-10-17T16:00:00.000Z", + "multiHash": "QmUm8KrqXjSn54fsjG8K4ktAwWNBmvoHj4Kj6p99fLqNZP", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20October%2014%2C%202024.md", + "slug": "QmUm8Krq", + "title": "Atlas Edit Weekly Cycle Proposal - October 14, 2024", + "summary": "Signal your support or opposition to the multiple listed Atlas Edits in the weekly cycle.", + "discussionLink": "https://forum.sky.money/t/atlas-weekly-cycle-edit-proposal-week-of-october-14-2024-01/25324", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate JuliaChang. This Governance Poll will be active for three days beginning on Monday, October 14 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nChanges to the Atlas in this edit include:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1149, + "blockCreated": 21014854, + "startDate": "2024-10-21T16:00:00.000Z", + "endDate": "2024-10-24T16:00:00.000Z", + "multiHash": "Qmcb9ZQy5nfgV83855QuTue9mCVYF2Qu7FaML5ZeGZ82Te", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20October%2021%2C%202024.md", + "slug": "Qmcb9ZQy", + "title": "Atlas Edit Weekly Cycle Proposal - October 21, 2024", + "summary": "Signal your support or opposition to this Atlas edit, which 1) modifies document A.5.6.1.8 - Sky on Solana Short Term Crosschain Strategy and 2) adds document A.5.2.1.2 - Integration Boost.", + "discussionLink": "https://forum.sky.money/t/weekly-atlas-edit-proposal-week-of-2024-10-21-0/25364", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate JuliaChang. This Governance Poll will be active for three days beginning on Monday, October 21 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nChanges to the Atlas in this edit include:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1150, + "blockCreated": 21065131, + "startDate": "2024-10-28T16:00:00.000Z", + "endDate": "2024-10-31T16:00:00.000Z", + "multiHash": "QmYEn43W2pmUz9K3pRKtsvegbfp5Xp3JRaRVaHQUdRzLhB", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20October%2028%2C%202024.md", + "slug": "QmYEn43W", + "title": "Atlas Edit Weekly Cycle Proposal - October 28, 2024", + "summary": "Signal your support or opposition to this Atlas edit, which adds document A.5.1.1.3 - Recentering Maker Brand polls.", + "discussionLink": "https://forum.sky.money/t/weekly-atlas-edit-proposal-week-of-2024-10-28-0/25411", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate JuliaChang. This Governance Poll will be active for three days beginning on Monday, October 28 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nChanges to the Atlas in this edit include:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1151, + "blockCreated": 21115179, + "startDate": "2024-11-04T16:00:00.000Z", + "endDate": "2024-11-07T16:00:00.000Z", + "multiHash": "QmZzSVJEVtz53azQ5sCSfc6piDRSgCB3UfcWMYkwAfmnYb", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Recentering%20Maker%20Brand%20-%20Novemeber%204%2C%202024.md", + "slug": "QmZzSVJE", + "title": "Recentering Maker Brand - November 4, 2024", + "summary": "Signal your support of the following branding options to 1) keep the Sky brand as the backend protocol brand; or 2) recenter the Maker brand; or 3) recenter the Maker brand with a limited brand refresh.", + "discussionLink": "https://forum.sky.money/t/weekly-atlas-edit-proposal-week-of-2024-10-28-0/25411", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Accessibility Facilitators in accordance with Atlas article A.5.1.1.3 - Brand Identity - Recentering Maker Brand Polls. This Governance Poll will be active for three days beginning on Monday, November 4 at 16:00 UTC.
\nThis is a plurality vote.
\nThe community can vote in this poll to express support or opposition to either one or none of the following options:
\nOption 1 - Keep the Sky brand as the backend protocol brand.
\nDescription: Keep the Sky brand as the backend protocol brand. If this option is chosen, no further changes happen and everything remains as today with the brand. The effort to transition MKR to SKY continues, and the Sky brand remains the core brand that both denotes the frontend Sky.money, and the backend Sky Ecosystem and Sky Protocol.
\nOption 2 - Recenter the Maker brand.
\nDescription: Recenter the Maker brand. If this option is chosen, Sky is kept as the brand for the Sky.money frontend, USDS is also kept as the brand for the new stablecoin - but the underlying backend protocol has its name changed to Maker, and MKR becomes the core asset of the protocol. SkyLink becomes MakerLink, SkyChain becomes MakerChain, Sky Token Rewards becomes Star Token Rewards, and Sky Savings Rate becomes USDS Savings Rate. The Maker brand is returned with its old assets, as currently seen on makerdao.com, with minimal change. SKY tokens initially continue to function exactly the same, and SKY Token Rewards would continue at the same rate. Once SPK launches, SKY Token Rewards would be turned off, and the ability to migrate from MKR to SKY would be turned off. However, SKY to MKR migration would remain permanently, with a technical modification to ensure that SKY is backed by a finite amount of MKR, rather than the ability to emit new MKR. The ratio of SKY to MKR will permanently remain 1:24,000. The governance forum would revert to forum.makerdao.com and other similar assets would also revert to Maker branding - with the exception of the main @skyecosystem X handle. What happens to the X handle would be decided in a later process when it is determined what's going to happen with Sky.
\nOption 3 - Recenter the Maker brand with a limited brand refresh.
\nDescription: Recenter the Maker brand, with a limited brand refresh. If this option is chosen, Sky is kept as the brand for the Sky.money frontend, USDS is also kept as the brand for the new stablecoin - but the underlying backend protocol has its name changed to Maker, and MKR becomes the core asset of the protocol. SkyLink becomes MakerLink, SkyChain becomes MakerChain, Sky Token Rewards becomes Star Token Rewards, and Sky Savings Rate becomes USDS Savings Rate. The Maker brand is slightly modified to better align with the USDS brand identity, and to align with its role as the maker of the StarDAOs. The logo font can be slightly refreshed and polished, and the colour scheme and general aesthetic should be inspired by the dark blue / navy “star theme” that can be seen on Sky.money in sections that describe Stars and governance. SKY tokens initially continue to function exactly the same, and SKY Token Rewards would continue at the same rate. Once SPK launches, SKY Token Rewards would be turned off, and the ability to migrate from MKR to SKY would be turned off. However, SKY to MKR migration would remain permanently, with a technical modification to ensure that SKY is backed by a finite amount of MKR, rather than the ability to emit new MKR. The ratio of SKY to MKR will permanently remain 1:24,000. The governance forum would revert to forum.makerdao.com and other similar assets would also revert to Maker branding - with the exception of the main @skyecosystem X handle. What happens to the X handle would be decided in a later process when it is determined what's going to happen with Sky.
\nPlease review the discussion thread and the originating Atlas article A.5.1.1.3 - Brand Identity - Recentering Maker Brand Polls to help inform your position before voting.
\nNote that the Governance Portal does not currently support the specified winning criteria (described under Outcome) for this poll. However, the winning criteria will still apply at the end of it and the winner will be acknowledged in a subsequent forum post by the Governance Facilitators.
\nThe winning criteria for this poll are as follows:
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Keep the Sky brand as the backend protocol brand", + "2": "Recenter the Maker brand", + "3": "Recenter the Maker brand with a limited brand refresh" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1152, + "blockCreated": 21115183, + "startDate": "2024-11-04T16:00:00.000Z", + "endDate": "2024-11-07T16:00:00.000Z", + "multiHash": "QmQizL1FQy9DQaHGEyNMREhRS5nd9xHVF4fnw1VY1ARJWo", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Adjust%20ETH%20Market%20Interest%20Rate%20Model%20-%20November%204%2C%202024.md", + "slug": "QmQizL1F", + "title": "SparkLend Ethereum - Adjust ETH Market Interest Rate Model - November 4, 2024", + "summary": "Signal your support or opposition to adjusting the ETH Market Interest Rate Model on Sparklend Ethereum.", + "discussionLink": "https://forum.sky.money/t/14-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25466", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, November 4 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to adjusting the ETH Market Interest Rate Model as follows:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1153, + "blockCreated": 21115187, + "startDate": "2024-11-04T16:00:00.000Z", + "endDate": "2024-11-07T16:00:00.000Z", + "multiHash": "Qmbohkr5531GeK7PjuqTyWvAt9D1x7kBUAcCb7cCMwuc2K", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Adjust%20SparkLend%20Parameters%20for%20WBTC%20-%20November%204%2C%202024.md", + "slug": "Qmbohkr5", + "title": "SparkLend Ethereum - Adjust SparkLend Parameters for WBTC - November 4, 2024", + "summary": "Signal your support or opposition to reducing the liquidation threshold for WBTC on Sparklend Ethereum.", + "discussionLink": "https://forum.sky.money/t/14-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25466", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, November 4 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to adjusting the liquidation threshold for WBTC on Sparklend Ethereum as follows:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1154, + "blockCreated": 21115191, + "startDate": "2024-11-04T16:00:00.000Z", + "endDate": "2024-11-07T16:00:00.000Z", + "multiHash": "QmNTKFqGFcFPSKLkyPaASqY2whcKzpZ6uxDKdXQpKNsU2X", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Increase%20SparkLend%20D3M%20Buffer%20Parameter%20-%20November%204%2C%202024.md", + "slug": "QmNTKFqG", + "title": "SparkLend Ethereum - Increase SparkLend D3M Buffer Parameter - November 4, 2024", + "summary": "Signal your support or opposition to increasing SparkLend DAI Direct Deposit Module (D3M) Buffer Parameter on Sparklend Ethereum.", + "discussionLink": "https://forum.sky.money/t/14-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25466", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, November 4 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to increasing SparkLend DAI Direct Deposit Module (D3M) buffer parameter on Sparklend Ethereum as follows:
buffer parameter by 50 million DAI from 50 million DAI to 100 million DAI.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nbuffer parameter as described aboved.If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1155, + "blockCreated": 21115198, + "startDate": "2024-11-04T16:00:00.000Z", + "endDate": "2024-11-07T16:00:00.000Z", + "multiHash": "QmYqM8Yfgg7jvn6XB4gR5p7yEQvFYhK6M8L7zyJrBxPctH", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Increase%20wstETH%20Borrow%20Rate%20Limits%20-%20November%204%2C%202024.md", + "slug": "QmYqM8Yf", + "title": "SparkLend Ethereum - Increase wstETH Borrow Rate Limits - November 4, 2024", + "summary": "Signal your support or opposition to increasing wstETH borrow rate limits on Sparklend Ethereum.", + "discussionLink": "https://forum.sky.money/t/14-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25466", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, November 4 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition increasing wstETH borrow rate limits on Sparklend Ethereum as follows:
\nmax parameter by 97,000 wstETH from 3,000 wstETH to 100,000 wstETH.gap parameter by 4,900 wstETH from 100 wstETH to 5,000 wstETH.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1156, + "blockCreated": 21115202, + "startDate": "2024-11-04T16:00:00.000Z", + "endDate": "2024-11-07T16:00:00.000Z", + "multiHash": "QmXsXzotFmUMUYC2X6gR7HWnP5F5aDbVai1wryDCtnoH7P", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Update%20Morpho%20DAI%20Vault%20Supply%20Caps%20-%20November%204%2C%202024.md", + "slug": "QmXsXzot", + "title": "SparkLend Ethereum - Update Morpho DAI Vault Supply Caps - November 4, 2024", + "summary": "Signal your support or opposition to updating Morpho DAI vault Supply Caps on Sparklend Ethereum.", + "discussionLink": "https://forum.sky.money/t/14-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25466", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, November 4 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to updating Morpho DAI vault Supply Caps as follows:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1157, + "blockCreated": 21115210, + "startDate": "2024-11-04T16:00:00.000Z", + "endDate": "2024-11-07T16:00:00.000Z", + "multiHash": "Qmf955yAejR6CHceQrWuyWCoCUKkFQF8uzvt4dw4Qx2FT6", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20and%20Base%20-%20Activate%20Spark%20Liquidity%20Layer%20-%20November%204%2C%202024.md", + "slug": "Qmf955yA", + "title": "SparkLend Ethereum and Base - Activate Spark Liquidity Layer - November 4, 2024", + "summary": "Signal your support or opposition to activating Spark Liquidity Layer on Sparklend Ethereum and Base.", + "discussionLink": "https://forum.sky.money/t/14-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25466", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, November 4 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to activating the Spark Liquidity Layer on Sparklend Ethereum and Base with the parameters below.
\n| Parameter | \nMax amount (tokens) | \nSlope (tokens/day) | \n
|---|---|---|
| LIMIT_USDS_MINT | \n4,000,000 | \n2,000,000 | \n
| LIMIT_USDC_TO_CCTP_ETH | \nmax. | \n0 | \n
| LIMIT_USDS_TO_USDC | \n4,000,000 | \n2,000,000 | \n
| LIMIT_USDC_TO_DOMAIN (to Base) | \n4,000,000 | \n2,000,000 | \n
| Parameter | \nMax amount (tokens) | \nSlope (tokens/day) | \n
|---|---|---|
| LIMIT_PSM_DEPOSIT_USDC | \n4,000,000 | \n2,000,000 | \n
| LIMIT_PSM_WITHDRAW_USDC | \n7,000,000 | \n2,000,000 | \n
| LIMIT_PSM_DEPOSIT_USDS | \n5,000,000 | \n2,000,000 | \n
| LIMIT_PSM_WITHDRAW_USDS | \nmax. | \n0 | \n
| LIMIT_PSM_DEPOSIT_SUSDS | \n8,000,000 | \n2,000,000 | \n
| LIMIT_PSM_WITHDRAW_SUSDS | \nmax. | \n0 | \n
| LIMIT_USDC_TO_DOMAIN (to mainnet) | \n4,000,000 | \n2,000,000 | \n
| LIMIT_USDC_TO_CCTP_BASE | \nmax. | \n0 | \n
| Parameter | \nValue (tokens) | \n
|---|---|
| MAINNET_MIN_OPERATION_SIZE | \n400,000 | \n
| BASE_MIN_OPERATION_SIZE | \n400,000 | \n
| DEBT_CEILING_BUFFER | \n10,000 | \n
| USDC_MIN_BALANCE_BASE | \n800,000 | \n
| USDC_OPTIMAL_BALANCE_BASE | \n800,000 | \n
| USDC_MAX_BALANCE_BASE | \n800,000 | \n
Please review the discussion thread to help inform your position before voting.
\nFor more information about the activation process and these parameters, please read the Spark ALM Planner Parameter Study forum post published by BA Labs.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1158, + "blockCreated": 21164897, + "startDate": "2024-11-11T16:00:00.000Z", + "endDate": "2024-11-14T16:00:00.000Z", + "multiHash": "QmYHUDVAmGjEHpXCCSpSHy3MDwbyuAcUFifiATd9fKaMn1", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20November%2011%2C%202024.md", + "slug": "QmYHUDVA", + "title": "Atlas Edit Weekly Cycle Proposal - November 11, 2024", + "summary": "Signal your support or opposition to this Atlas edit, which 1) modifies SKY and Star token emissions, 2) increases the Integration Boost budget, and 3) modifies the Sky Ecosystem Liquidity Bootstrapping provisions.", + "discussionLink": "https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-2024-11-11-0/25507", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate Cloaky. This Governance Poll will be active for three days beginning on Monday, November 11 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nChanges to the Atlas in this edit include:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1159, + "blockCreated": 21215378, + "startDate": "2024-11-18T16:00:00.000Z", + "endDate": "2024-11-21T16:00:00.000Z", + "multiHash": "QmZfYrR7a6oE8thsLpaKyuTyabtZMpjW4MNdUk3daSz3U8", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20November%2018%2C%202024.md", + "slug": "QmZfYrR7", + "title": "Atlas Edit Weekly Cycle Proposal - November 18, 2024", + "summary": "Signal your support or opposition to the multiple listed Atlas Edits in the weekly cycle.", + "discussionLink": "https://forum.sky.money/t/weekly-atlas-edit-proposal-week-of-2024-11-18-0/25552", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate cloaky. This Governance Poll will be active for three days beginning on Monday, November 18 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nChanges to the Atlas in this edit include:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1160, + "blockCreated": 21215386, + "startDate": "2024-11-18T16:00:00.000Z", + "endDate": "2024-11-21T16:00:00.000Z", + "multiHash": "QmabCDcnZRwhw22FrHDnyF5d2G3hTcVFvZn7W7PAENduge", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20%20Adjust%20USDS%20DDM%20Parameters%20for%20Aave%20Lido%20Market%20-%20November%2018%2C%202024.md", + "slug": "QmabCDcn", + "title": "SparkLend Ethereum - Increase USDS DDM Maximum Debt Ceiling for Aave Lido Market - November 18, 2024", + "summary": "Signal your support or opposition to increasing the USDS DDM Maximum Debt Ceiling for Aave Lido Market.", + "discussionLink": "https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25543", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitator. This Governance Poll will be active for three days beginning on Monday, November 18 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to adjusting the USDS DDM Maximum Debt Ceiling for the Aave Lido Market as described below:
\nline) by 100 million USDS from 100 million USDS to 200 million USDS.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1161, + "blockCreated": 21215393, + "startDate": "2024-11-18T16:00:00.000Z", + "endDate": "2024-11-21T16:00:00.000Z", + "multiHash": "QmSxJJ6ZKUhBgpzjxwLcH4APcgxZ85Argg47a5Dmets4XA", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Adjust%20SparkLend%20Parameters%20for%20WBTC%20-%20November%2018%2C%202024.md", + "slug": "QmSxJJ6Z", + "title": "SparkLend Ethereum - Adjust SparkLend Parameters for WBTC - November 18, 2024", + "summary": "Signal your support or opposition to reducing the liquidation threshold for WBTC on Sparklend Ethereum.", + "discussionLink": "https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25543", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitator. This Governance Poll will be active for three days beginning on Monday, November 18 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to adjusting the liquidation threshold for WBTC on Sparklend Ethereum as described below:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1162, + "blockCreated": 21215408, + "startDate": "2024-11-18T16:00:00.000Z", + "endDate": "2024-11-21T16:00:00.000Z", + "multiHash": "QmaxFZfFsgNJ4ZyqSwWbQVMbyhStdCue7cG8VH6ep3iXuA", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Adjust%20SparkLend%20Parameters%20for%20cbBTC%20-%20November%2018%2C%202024.md", + "slug": "QmaxFZfF", + "title": "SparkLend Ethereum - Adjust SparkLend Parameters for cbBTC - November 18, 2024", + "summary": "Signal your support or opposition to adjusting multiple parameters for cbBTC on Sparklend Ethereum.", + "discussionLink": "https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25543", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitator. This Governance Poll will be active for three days beginning on Monday, November 18 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to adjusting multiple parameters for cbBTC on Sparklend Ethereum as described below:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1163, + "blockCreated": 21215414, + "startDate": "2024-11-18T16:00:00.000Z", + "endDate": "2024-11-21T16:00:00.000Z", + "multiHash": "QmWUkstVrxhKQCohzKFfwmKMRNZ6rv8y94vpuxUD26jmKL", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Onboard%20PT-USDe-27Mar2025%20to%20Morpho%20Spark%20DAI%20Vault%20and%20Adjust%20PT-sUSDe-27Mar2025%20Pool%20Parameters%20-%20November%2018%2C%202024.md", + "slug": "QmWUkstV", + "title": "SparkLend Ethereum - Onboard PT-USDe-27Mar2025 to Morpho Spark DAI Vault and Adjust PT-sUSDe-27Mar2025 Pool Parameters - November 18, 2024", + "summary": "Signal your support or opposition to 1) onboarding PT-USDe-27Mar2025 to Morpho Spark DAI Vault and 2) adjusting PT-sUSDe-27Mar2025 pool parameters.", + "discussionLink": "https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25543", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitator. This Governance Poll will be active for three days beginning on Monday, November 18 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding PT-USDe-27Mar2025 to Morpho Spark DAI Vault with the configurations that follow:
\nand to adjusting PT-sUSDe-27Mar2025 pool parameters as described below:
\nPlease review the discussion thread to help inform your position before voting. An overview of Pendle PTs can be found in this July 13, 2024 forum post.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1164, + "blockCreated": 21265811, + "startDate": "2024-11-25T16:00:00.000Z", + "endDate": "2024-11-28T16:00:00.000Z", + "multiHash": "QmRfTQ5tY5rGaZXQRLaQUGbgt4Ci4G82dKTiMBaNC2yQkS", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20November%2025%2C%202024.md", + "slug": "QmRfTQ5t", + "title": "Atlas Edit Weekly Cycle Proposal - November 25, 2024", + "summary": "Signal your support or opposition to the multiple listed Atlas Edits in the weekly cycle.", + "discussionLink": "https://forum.sky.money/t/2024-11-25-atlas-edit-weekly-cycle-forum-proposal/25590", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate JuliaChang. This Governance Poll will be active for three days beginning on Monday, November 25 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nChanges to the Atlas in this edit include:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1165, + "blockCreated": 21265817, + "startDate": "2024-11-25T16:00:00.000Z", + "endDate": "2024-11-28T16:00:00.000Z", + "multiHash": "QmcNd4mHtGmuedrEsCEpcpSCn1zJp14xWuoQQcuw49jvEE", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Increase%20sUSDS%20liquidity%20to%20Base%20PSM%20-%20November%2025%2C%202024.md", + "slug": "QmcNd4mH", + "title": "SparkLend Ethereum - Increase sUSDS liquidity to Base PSM - November 25, 2024", + "summary": "Signal your support or opposition to increasing the Target Available Debt and Maximum Debt Ceiling for Spark Base Liquidity Layer to 100 million USDS each.", + "discussionLink": "https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell-amendments/25575", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, November 25 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the listed changes for the Spark Base Liquidity Layer:
\ngap) from 10 million USDS to 100 million USDS.line) from 10 million USDS to 100 million USDS.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1166, + "blockCreated": 21265822, + "startDate": "2024-11-25T16:00:11.000Z", + "endDate": "2024-11-28T16:00:00.000Z", + "multiHash": "QmQ2UmfmAiuKsCy94HZaD9ecjKEyRvsRdZHRrFHGdhga8c", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Base%20-%20Corrections%20to%20Base%20Executor%20Configuration%20-%20November%2025%2C%202024.md", + "slug": "QmQ2Umfm", + "title": "SparkLend Base - Corrections to Base Executor Configuration - November 25, 2024", + "summary": "Signal your support or opposition to updating the delay and gracePeriod parameters for Spark Governance on Base.", + "discussionLink": "https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell-amendments/25575", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, November 25 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to updating the following parameters for Spark Governance on Base:
\ndelay parameter from 100 seconds to 0 seconds.gracePeriod parameter from 1,000 seconds to 604,800 seconds (7 days).Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1167, + "blockCreated": 21516225, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "QmdKkyYbZwRNj4VjuWY9eXd2KVWLfQzz54wPn5RKGguk88", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Resilience%20Research%20Project%20Application%20-%20Legal%20Opinion%20on%20MiCA%20Compliance%20for%20CEX%20Listings%20of%20USDS%20and%20DAI%20-%20December%2030%2C%202024.md", + "slug": "QmdKkyYb", + "title": "Resilience Research Project Application - Legal Opinion on MiCA Compliance for CEX Listings of USDS and DAI - December 30, 2024", + "summary": "Signal your support or opposition to the listed Resilience Research Project Application.", + "discussionLink": "https://forum.sky.money/t/resilience-research-project-application-legal-opinion-on-mica-compliance-for-cex-listings-of-usds-and-dai/25759", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Support Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to funding a Resilience Research Project proposal which seeks to produce a legal opinion on MiCA compliance for CEX listings of USDS and Dai. The project abstract is as follows:
\nAs MiCA (Markets in Crypto-Assets) regulation is being implemented across the EU, it is important for the Sky community to clarify the regulatory status of USDS and DAI and determine how it can be compliantly listed and offered by centralized exchanges (CEXs) and Crypto Asset Service Providers (CASPs). The project aims to obtain a legal opinion regarding the classification of USDS under MiCA and to outline the regulatory requirements for its compliant listing by CEXs.
\nThe legal opinion will be published on the governance forum to ensure full transparency and access to the community, as well as centralized exchanges.
\nPlease review the full application to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes - Proceed with obtaining formal legal expertise to ensure compliance with MiCA.", + "2": "No - Do not proceed with formal legal consultation." + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "misc-governance" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1168, + "blockCreated": 21516230, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "QmYScEHTtiPhL3LXPYFoDZ1Rrpg4NWEPS43wxCAs4J24cg", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Adjust%20SparkLend%20Parameters%20for%20WBTC%20-%20December%2030%2C%202024.md", + "slug": "QmYScEHT", + "title": "SparkLend Ethereum - Adjust SparkLend Parameters for WBTC - December 30, 2024", + "summary": "Signal your support or opposition to the listed parameter change for WBTC on SparkLend on mainnet.", + "discussionLink": "https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following change:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1169, + "blockCreated": 21516237, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "Qma1xA18W9udzKwvfrn3934Dhq3J7fymEhogWziHnSHdNw", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Adjust%20SparkLend%20Parameters%20for%20cbBTC%20-%20December%2030%2C%202024.md", + "slug": "Qma1xA18", + "title": "SparkLend Ethereum - Adjust SparkLend Parameters for cbBTC - December 30, 2024", + "summary": "Signal your support or opposition to the listed parameter change for cbBTC on SparkLend on mainnet.", + "discussionLink": "https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following change:
\nmax) parameter by 7,000 cbBTC from 3,000 cbBTC to 10,000 cbBTC.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1170, + "blockCreated": 21516245, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "QmeEvuG2ULsrXYDkBT9fWdSrPNtzsgzPYNY71qLy91mC13", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Adjust%20SparkLend%20Parameters%20for%20wstETH%20-%20December%2030%2C%202024.md", + "slug": "QmeEvuG2", + "title": "SparkLend Ethereum - Adjust SparkLend Parameters for wstETH - December 30, 2024", + "summary": "Signal your support or opposition to the listed parameter changes for wstETH on SparkLend on mainnet.", + "discussionLink": "https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\ngap) by 5,000 wstETH from 5,000 wstETH to 10,000 wstETH.max) by 900,000 wstETH from 100,000 wstETH to 1,000,000 wstETH.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1171, + "blockCreated": 21516250, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "QmVpv1G8vTqkHBMV357ZB1nwHoTEY1Q9JZsZqjQMF5GVAb", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Adjust%20SparkLend%20Parameters%20for%20weETH%20-%20December%2030%2C%202024.md", + "slug": "QmVpv1G8", + "title": "SparkLend Ethereum - Adjust SparkLend Parameters for weETH - December 30, 2024", + "summary": "Signal your support or opposition to the listed parameter change for weETH on SparkLend on mainnet.", + "discussionLink": "https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following change:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1172, + "blockCreated": 21516257, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "QmZ2Qmy5Fq1zvBKfavtUSm84P4VDScv8ddq3Lc3Y8LxMzc", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Protocol%20Mainnet%20-%20Adjust%20Morpho%20Spark%20DAI%20Vault%20Supply%20Caps%20-%20December%2030%2C%202024.md", + "slug": "QmZ2Qmy5", + "title": "Spark Protocol Mainnet - Adjust Morpho Spark DAI Vault Supply Caps - December 30, 2024", + "summary": "Signal your support or opposition to the listed supply cap changes for the Morpho Spark DAI Vault.", + "discussionLink": "https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes to the supply caps in the Morpho Spark DAI vault:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1173, + "blockCreated": 21516277, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "QmSTYyW5KTe1VZeY8FdexfaNQM7xSZ6dEEvQ2N5ycMADG8", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Protocol%20Mainnet%20-%20Onboard%20May%20sUSDe%20PT%20to%20Morpho%20Spark%20DAI%20Vault%20-%20December%2030%2C%202024.md", + "slug": "QmSTYyW5", + "title": "Spark Protocol Mainnet - Onboard PT-sUSDE-29MAY2025 to Morpho Spark DAI Vault - December 30, 2024", + "summary": "Signal your support or opposition to onboarding PT-sUSDE-29MAY2025 to the Morpho Spark DAI Vault.", + "discussionLink": "https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding PT-sUSDE-29MAY2025 to the Morpho Spark DAI Vault with the following parameters:
\nThe id for the relevant Morpho market is 0x407d8c123443d362ffdfe73208068ef158a21d1a44a988c9acc23a51bade7905
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1174, + "blockCreated": 21516283, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "QmTFsGw8jHcPBur51DhubmKvt3nrqxhSpGoCGR6ode7N89", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Sparklend%20Ethereum%20-%20Update%20DAI%2C%20USDC%2C%20USDT%20IRMs%20to%20Anchor%20to%20SSR%20-%20December%2030%2C%202024.md", + "slug": "QmTFsGw8", + "title": "Sparklend Ethereum - Update DAI, USDC, USDT IRMs to Anchor to SSR - December 30, 2024", + "summary": "Signal your support or opposition to updating the stablecoin IRMs to reference the SSR for SparkLend on mainnet.", + "discussionLink": "https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1175, + "blockCreated": 21516290, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "QmYDGkjMAVMoBqJ17QhTwDm3t2x4fbpPNfwT8YJ5h5KtHk", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Onboard%20Ethena%20USDe%20and%20sUSDe%20Direct%20Exposure%20-%20December%2030%2C%202024.md", + "slug": "QmYDGkjM", + "title": "Spark Liquidity Layer Mainnet - Onboard Ethena USDe and sUSDe Direct Exposure - December 30, 2024", + "summary": "Signal your support or opposition to onboarding USDe and sUSDe direct exposure to the Spark Liquidity Layer on mainnet.", + "discussionLink": "https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following following parameter changes for Spark’s direct Ethena staked USDe exposure:
\nmax amount (maximum amount that can be executed at once): 50 million USDe.slope (recharging rate of capacity): 50 million USDe per day.max amount: 100 million USDe.slope: 100 million USDe per day.max amount: 100 million USDe.slope: 100 million USDe per day.max amount: 500 million USDe.slope: 250 million USDe per day.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1176, + "blockCreated": 21516295, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "QmZfSDMHWTrj5tZCPXLrLRQWbM8wW8vNtG2ajMxjJX5RgE", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Onboard%20Aave%20V3%20Main%20Market%20USDC%20and%20USDS%20-%20December%2030%2C%202024.md", + "slug": "QmZfSDMH", + "title": "Spark Liquidity Layer Mainnet - Onboard Aave V3 Main Market USDC and USDS - December 30, 2024", + "summary": "Signal your support or opposition to onboarding Aave V3 main market USDC and USDS to the Spark Liquidity Layer on mainnet.", + "discussionLink": "https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Aave V3 main market USDC and USDS to the Spark Liquidity Layer on mainnet with the following parameters:
\nmax amount (maximum amount that can be executed at once) for\ndeposits: 50 million tokens for each asset.slope (recharging rate of capacity): 25 million tokens per day for each asset.max amount for withdrawals: unlimited.The relevant token addresses are:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1177, + "blockCreated": 21516301, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "QmeZTfHRHzNZsMmcXe6wvHqSAsg8MMA6HdsLaXRU5xXQ6C", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Base%20-%20Onboard%20Aave%20V3%20Base%20Market%20USDC%20-%20December%2030%2C%202024.md", + "slug": "QmeZTfHR", + "title": "Spark Liquidity Layer Base - Onboard Aave V3 Base Market USDC - December 30, 2024", + "summary": "Signal your support or opposition to onboarding Aave V3 Base market USDC to the Spark Liquidity Layer on Base.", + "discussionLink": "https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Aave V3 Base market USDC to the Spark Liquidity Layer on Base with the following parameters:
\nmax amount (maximum amount that can be executed at once) for deposits: 50 million USDC.slope (recharging rate of capacity): 25 million USDC per day.max amount for withdrawals: unlimited.The relevant token address is 0x4e65fE4DbA92790696d040ac24Aa414708F5c0AB.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1178, + "blockCreated": 21516307, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "QmQarR2U7NFCDubHVUhgLhWRo2B76kEZJ8SSWozQD25njm", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Base%20-%20Onboard%20Morpho%20USDC%20Vault%20-%20December%2030%2C%202024.md", + "slug": "QmQarR2U", + "title": "Spark Liquidity Layer Base - Onboard Morpho USDC Vault - December 30, 2024", + "summary": "Signal your support or opposition to onboarding the Morpho USDC Vault to the Spark Liquidity Layer on Base.", + "discussionLink": "https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding the Morpho USDC Vault to the Spark Liquidity Layer on Base with the following parameters:
\nmax amount (maximum amount that can be executed at once) for deposits: 50 million USDC.slope (recharging rate of capacity): 25 million USDC per day.max amount for withdrawals: unlimited.The relevant vault address is 0x305E03Ed9ADaAB22F4A58c24515D79f2B1E2FD5D.
\nThe following changes will be made to the vault:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1179, + "blockCreated": 21516314, + "startDate": "2024-12-30T16:00:00.000Z", + "endDate": "2025-01-02T16:00:00.000Z", + "multiHash": "QmQ6bYouh6jxoVBsH5owm7KiVRYzBGigZve3oXyt9QCfDP", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Increase%20USDS%20Liquidity%20to%20Base%20-%20December%2030%2C%202024.md", + "slug": "QmQ6bYou", + "title": "Spark Liquidity Layer Mainnet - Increase USDS Liquidity to Base - December 30, 2024", + "summary": "Signal your support or opposition to increasing USDS liquidity to Base in the Spark Liquidity Layer.", + "discussionLink": "https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, December 30 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\nline) by 900 million USDS from 100 million USDS to 1 billion USDS.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1180, + "blockCreated": 21616337, + "startDate": "2025-01-13T16:00:00.000Z", + "endDate": "2025-01-16T16:00:00.000Z", + "multiHash": "QmRAavx5ptMJ5yRCAtW8qAYkdSQ2U4SC1fGddtZgrfbZQ5", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Onboard%20USDS%20-%20January%2013%2C%202025.md", + "slug": "QmRAavx5", + "title": "SparkLend Ethereum - Onboard USDS - January 13, 2025", + "summary": "Signal your support or opposition to onboarding USDS onto SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/jan-23-2025-proposed-changes-to-spark-for-upcoming-spell/25825", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, January 13 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the onboarding of USDS onto SparkLend Ethereum with the following parameters:
\nmax)]: N/Agap): N/Attl): N/Amax): N/Agap): N/Attl): N/AEmode) Category: 0Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1181, + "blockCreated": 21616341, + "startDate": "2025-01-13T16:00:00.000Z", + "endDate": "2025-01-16T16:00:00.000Z", + "multiHash": "QmY4D1u8XaDoL988GC59TDCxoD87tcTiBjKWkFKwRpKVvV", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Liquidity%20Layer%20Mainnet%20-%20Onboard%20Aave%20Prime%20USDS%20-%20January%2013%2C%202025.md", + "slug": "QmY4D1u8", + "title": "SparkLend Liquidity Layer Mainnet - Onboard Aave Prime USDS - January 13, 2025", + "summary": "Signal your support or opposition to onboarding Aave Prime USDS onto the SparkLend Liquidity Layer on Ethereum.", + "discussionLink": "https://forum.sky.money/t/jan-23-2025-proposed-changes-to-spark-for-upcoming-spell/25825", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, January 13 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the onboarding of Aave Prime USDS onto the SparkLend Liquidity Layer with the following parameters:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1182, + "blockCreated": 21616345, + "startDate": "2025-01-13T16:00:00.000Z", + "endDate": "2025-01-16T16:00:00.000Z", + "multiHash": "QmU3Xu4WvpPz7RKiXfUARC1u9w1ZtdXvQLet7F9SVoDMEm", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Liquidity%20Layer%20Mainnet%20-%20Onboard%20SparkLend%20USDS%2C%20USDC%20-%20January%2013%2C%202025.md", + "slug": "QmU3Xu4W", + "title": "SparkLend Liquidity Layer Mainnet - Onboard SparkLend USDS, USDC - January 13, 2025", + "summary": "Signal your support or opposition to onboarding SparkLend USDS, USDC onto the SparkLend Liquidity Layer on Ethereum.", + "discussionLink": "https://forum.sky.money/t/jan-23-2025-proposed-changes-to-spark-for-upcoming-spell/25825", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, January 13 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the onboarding of SparkLend USDS and SparkLend USDC onto the SparkLend Liquidity Layer with the following parameters:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1183, + "blockCreated": 21666626, + "startDate": "2025-01-20T16:00:00.000Z", + "endDate": "2025-01-23T16:00:00.000Z", + "multiHash": "QmexceBKZd3GJAGeqgSjXms5Y6dFFMhtnJGrEvEUgqkPjs", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Modify%20Rate%20Limits%20-%20January%2020%2C%202025.md", + "slug": "QmexceBK", + "title": "Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025", + "summary": "Signal your support or opposition to modifying the rate limits for Spark Liquidity Layer Mainnet USDS and USDC.", + "discussionLink": "https://forum.sky.money/t/jan-23-2025-proposed-changes-to-spark-for-upcoming-spell-2/25837", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, January 20 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following rate limit parameters for Spark Liquidity Layer Mainnet USDS and USDC:
\nMore information on Rate Limits can be found here.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1184, + "blockCreated": 21716780, + "startDate": "2025-01-27T16:00:00.000Z", + "endDate": "2025-01-30T16:00:00.000Z", + "multiHash": "QmUMkWLQPzekSeeeZkYFyxw153RQutiwA9m2rjC4UNDprb", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Base%20-%20Increase%20Morpho%20USDC%20Vault%20Timelock%20-%20January%2027%2C%202025.md", + "slug": "QmUMkWLQ", + "title": "Spark Liquidity Layer Base - Increase Morpho USDC Vault Timelock - January 27, 2025", + "summary": "Signal your support or opposition to increasing the Morpho vault timelock.", + "discussionLink": "https://forum.sky.money/t/feb-6-2025-proposed-changes-to-spark-for-upcoming-spell-actual/25888", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, January 27 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to increasing the Morpho USDC vault (0x7BfA7C4f149E7415b73bdeDfe609237e29CBF34A) timelock to 1 day on Base.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1185, + "blockCreated": 21716785, + "startDate": "2025-01-27T16:00:00.000Z", + "endDate": "2025-01-30T16:00:00.000Z", + "multiHash": "QmTfntSm5NAscJhW4vbbZxrCsCv3vsQ15aDMbVoRPMcMiS", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Base%20-%20Onboard%20Fluid%20sUSDS%20-%20January%2027%2C%202025.md", + "slug": "QmTfntSm", + "title": "Spark Liquidity Layer Base - Onboard Fluid sUSDS - January 27, 2025", + "summary": "Signal your support or opposition to onboarding Fluid sUSDS to the Spark Liquidity Layer on Base.", + "discussionLink": "https://forum.sky.money/t/feb-6-2025-proposed-changes-to-spark-for-upcoming-spell-actual/25888", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, January 27 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Fluid sUSDS to the Spark Liquidity Layer on Base with the following rate limits:
\nmax amount: 10 million sUSDSslope: 5 million sUSDS per daySavings USDS Vault: 0xf62e339f21d8018940f188F6987Bcdf02A849619
\nPlease review the discussion thread to help inform your position before voting. Please refer to the risk assessment post for details about Fluid.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1186, + "blockCreated": 21716789, + "startDate": "2025-01-27T16:00:00.000Z", + "endDate": "2025-01-30T16:00:00.000Z", + "multiHash": "QmWCe4JDuV32z3rk9sZGvbEYu3B2HsiWd3QqYM7cY8m6eC", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Onboard%20Fluid%20sUSDS%20-%20January%2027%2C%202025.md", + "slug": "QmWCe4JD", + "title": "Spark Liquidity Layer Mainnet - Onboard Fluid sUSDS - January 27, 2025", + "summary": "Signal your support or opposition to onboarding Fluid sUSDS to the Spark Liquidity Layer on mainnet.", + "discussionLink": "https://forum.sky.money/t/feb-6-2025-proposed-changes-to-spark-for-upcoming-spell-actual/25888", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, January 27 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Fluid sUSDS to the Spark Liquidity Layer on Mainnet with the following rate limits:
\nmax amount: 10 million sUSDSslope: 5 million sUSDS per daySavings USDS Vault: 0x2BBE31d63E6813E3AC858C04dae43FB2a72B0D11
\nPlease review the discussion thread to help inform your position before voting. Please refer to the risk assessment post for details about Fluid.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1187, + "blockCreated": 21716794, + "startDate": "2025-01-27T16:00:00.000Z", + "endDate": "2025-01-30T16:00:00.000Z", + "multiHash": "QmbSANrrf3z1DEHPRKHackXRG3TRd7mP9iGVWvyygJgKmZ", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Adjust%20WBTC%20Parameters%20-%20January%2027%2C%202025.md", + "slug": "QmbSANrr", + "title": "SparkLend Ethereum - Adjust WBTC Parameters - January 27, 2025", + "summary": "Signal your support or opposition to adjusting WBTC parameters on SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/feb-6-2025-proposed-changes-to-spark-for-upcoming-spell-actual/25888", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, January 27 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to adjust the following WBTC parameter on SparkLend Ethereum:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1188, + "blockCreated": 21716796, + "startDate": "2025-01-27T16:00:00.000Z", + "endDate": "2025-01-30T16:00:00.000Z", + "multiHash": "QmRKhzadhDoKD2KqcAEAF6Tf83PUJwHVARfhz5gJNF5ZLj", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Update%20ETH%20and%20BTC%20Price%20Feeds%20-%20January%2027%2C%202025.md", + "slug": "QmRKhzad", + "title": "SparkLend Ethereum - Update ETH and BTC Price Feeds - January 27, 2025", + "summary": "Signal your support or opposition to updating the ETH and BTC price feeds on SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/feb-6-2025-proposed-changes-to-spark-for-upcoming-spell-actual/25888", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, January 27 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to updating the ETH and BTC price feeds to the new version of Aggor on SparkLend Ethereum on the following markets:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "oracle-feed", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1189, + "blockCreated": 21817125, + "startDate": "2025-02-10T16:00:00.000Z", + "endDate": "2025-02-24T16:00:00.000Z", + "multiHash": "QmeTDMyssxJJF6vYE3DcD8KFoNdBTwfPSvuvcyM5Ci2Ws9", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Monthly%20Cycle%20Proposal%20(AEP-1)%20-%20February%2010%2C%202025.md", + "slug": "QmeTDMys", + "title": "Atlas Edit Monthly Cycle Proposal (AEP-1) - February 10, 2025", + "summary": "This Atlas Edit proposal aims to formally define 'housekeeping' and document the process that has been in place for the past few years for including housekeeping actions in the spell.", + "discussionLink": "https://forum.sky.money/t/aep1-atlas-edit-monthly-cycle-proposal-2025-01-29/25907", + "content": "The Governance Facilitators have placed an Atlas Edit Monthly Cycle Proposal into the voting system. This Governance Poll will be active for fourteen days beginning on Monday, February 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nA brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nThis Atlas Edit proposal aims to formally define “housekeeping” and document the process that has been in place for the past few years for including housekeeping actions in the spell.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 10,000 MKR, then the following action will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1190, + "blockCreated": 21817128, + "startDate": "2025-02-10T16:00:00.000Z", + "endDate": "2025-02-13T16:00:00.000Z", + "multiHash": "QmUEJbjeaa9TP5rMR2qeun4cWvVxMPHR5yNYSPtDCiiX9J", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Base%20-%20Increase%20PSM3%20Rate%20Limits%20-%20February%2010%2C%202025.md", + "slug": "QmUEJbje", + "title": "Spark Liquidity Layer Base - Increase PSM3 Rate Limits - February 10, 2025", + "summary": "Signal your support or opposition to the proposed increases to the PSM3 rate limits on Base.", + "discussionLink": "https://forum.sky.money/t/feb-20-2025-proposed-changes-to-spark-for-upcoming-spell/25951", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, February 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes to the PSM3 rate limits on Base:
\nmax, 2 million/day slope to 50 million max, 50 million/day slope.max, 2 million/day slope to 50 million max, 50 million/day slope.max, 2 million/day slope to Unlimited.max, 2 million/day slope to Unlimited.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "psm", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1191, + "blockCreated": 21817131, + "startDate": "2025-02-10T16:00:00.000Z", + "endDate": "2025-02-13T16:00:00.000Z", + "multiHash": "Qmdr4yqXKexWj7NU3b5tgiEy8ZGRe5m4bThtdtU5STYv4a", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Sparklend%20Ethereum%20-%20Increase%20weETH%20Supply%20Cap%20Parameters%20-%20February%2010%2C%202025.md", + "slug": "Qmdr4yqX", + "title": "Sparklend Ethereum - Increase weETH Supply Cap Parameters - February 10, 2025", + "summary": "Signal your support or opposition to the proposed supply cap parameter changes for weETH on SparkLend on mainnet.", + "discussionLink": "https://forum.sky.money/t/feb-20-2025-proposed-changes-to-spark-for-upcoming-spell/25951", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, February 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\ngap) by 5,000 weETH from 5,000 weETH to 10,000 weETH.max) by 300,000 weETH from 200,000 weETH to 500,000 weETH.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1192, + "blockCreated": 21817134, + "startDate": "2025-02-10T16:00:00.000Z", + "endDate": "2025-02-13T16:00:00.000Z", + "multiHash": "QmWQcu5A8CLWsZhzcBmLFMLsQCJcEa3JzANV2iFT2GfShQ", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Mint%20Additional%20sUSDS%20to%20Base%20-%20February%2010%2C%202025.md", + "slug": "QmWQcu5A", + "title": "Spark Liquidity Layer Mainnet - Mint Additional sUSDS to Base - February 10, 2025", + "summary": "Signal your support or opposition to minting additional sUSDS to Base to accommodate growth.", + "discussionLink": "https://forum.sky.money/t/feb-20-2025-proposed-changes-to-spark-for-upcoming-spell/25951", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, February 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following change:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1193, + "blockCreated": 21817138, + "startDate": "2025-02-10T16:00:00.000Z", + "endDate": "2025-02-13T16:00:00.000Z", + "multiHash": "QmXpKEFgMUicxYbxaCCWvk7aSX4xoSaosme1dx7cx5hFix", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Increase%20ALLOCATOR-SPARK-A%20Risk%20Parameters%20-%20February%2010%2C%202025.md", + "slug": "QmXpKEFg", + "title": "Spark Liquidity Layer Mainnet - Increase ALLOCATOR-SPARK-A Risk Parameters - February 10, 2025", + "summary": "Signal your support or opposition to the proposed increases to ALLOCATOR-SPARK-A risk parameters.", + "discussionLink": "https://forum.sky.money/t/feb-20-2025-proposed-changes-to-spark-for-upcoming-spell/25951", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, February 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\nline) by 4 billion USDS from 1 billion USDS to 5 billion USDS.gap) by 400 million USDS from 100 million USDS to 500 million USDS.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1194, + "blockCreated": 21817141, + "startDate": "2025-02-10T16:00:00.000Z", + "endDate": "2025-02-13T16:00:00.000Z", + "multiHash": "QmcicBXGJKxvBJnnC5ukm48JX9gq36SxGWiPoAdXzYmFTY", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20and%20Arbitrum%20-%20Onboard%20Arbitrum%20One%20to%20the%20Spark%20Liquidity%20Layer%20-%20February%2010%2C%202025.md", + "slug": "QmcicBXG", + "title": "Spark Liquidity Layer Mainnet and Arbitrum - Onboard Arbitrum One to the Spark Liquidity Layer - February 10, 2025", + "summary": "Signal your support or opposition to onboarding Arbitrum One to the Spark Liquidity Layer.", + "discussionLink": "https://forum.sky.money/t/feb-20-2025-proposed-changes-to-spark-for-upcoming-spell/25951", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, February 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Arbitrum One to the Spark Liquidity Layer with the following addresses and parameters:
\nSpark Governance: 0x65d946e533748A998B1f0E430803e39A6388f7a1.
\nSSR Oracle: 0xEE2816c1E1eed14d444552654Ed3027abC033A36.
\nALM Controller: 0x77e11453a99a7770b04f7921FfccD3eE9761ba6c.
\nALM Proxy: 0x92afd6F2385a90e44da3a8B60fe36f6cBe1D8709.
\nALM Rate Limits: 0x19D08879851FB54C2dCc4bb32b5a1EA5E9Ad6838.
\nMint an initial 100 million USDS and 100 million USDS worth of sUSDS to Arbitrum One.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1195, + "blockCreated": 21866886, + "startDate": "2025-02-17T16:00:00.000Z", + "endDate": "2025-02-20T16:00:00.000Z", + "multiHash": "QmWbSTxiw9TugcapoYUN1WHJzEnhWeSN2X6EqZh2tEQcWh", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Whitelist%20sUSDS%20Deposit-Withdraw%20-%20February%2017%2C%202025.md", + "slug": "QmWbSTxi", + "title": "SparkLend Ethereum - Whitelist sUSDS Deposit/Withdraw - February 17, 2025", + "summary": "Signal your support or opposition to whitelisting sUSDS deposit/withdraw on SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/feb-20-2025-proposed-changes-to-spark-for-upcoming-spell-2/25961", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, February 17 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to whitelisting sUSDS Deposit/Withdraw as follows:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1196, + "blockCreated": 21866891, + "startDate": "2025-02-17T16:00:00.000Z", + "endDate": "2025-02-20T16:00:00.000Z", + "multiHash": "QmQW5mb1NxBqw6bFYRXLb1fjVHs64BuvQ2WZP627SnTeRE", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20February%2017%2C%202025.md", + "slug": "QmQW5mb1", + "title": "Atlas Edit Weekly Cycle Proposal - February 17, 2025", + "summary": "This proposal includes 1) updating documentation regarding Standby Spells, 2) updating The Spark Pre-launch Token Rewards, 3) incorporating Slope 1 spread parameter, 4) updating references to Emergency Process, 5) cleaning up provisions regarding sealing USDS generation risk parameters, 6) removing references to Season System, 7) cleaning Up Atlas Documents to prepare for JSON version.", + "discussionLink": "https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-for-week-of-february-17-2025/25979", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate Cloaky. This Governance Poll will be active for three days beginning on Monday, February 17 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nA brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nThis proposal includes seven sets of edits:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1197, + "blockCreated": 21916999, + "startDate": "2025-02-24T16:00:00.000Z", + "endDate": "2025-02-27T16:00:00.000Z", + "multiHash": "QmQrGdQzimdy6Lu6VPYKErnRNgb4Q8ywggvum7JpGULmfG", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Base%20-%20Spark%20USDC%20Morpho%20-%20Increase%20cbBTC%20Market%20Supply%20Cap%20-%20February%2024%2C%202025.md", + "slug": "QmQrGdQz", + "title": "Spark Liquidity Layer Base - Spark USDC Morpho - Increase cbBTC Market Supply Cap - February 24, 2025", + "summary": "Signal your support or opposition to increasing the cbBTC/USDC market Supply Cap in the Spark USDC Morpho vault which forms part of the Spark Liquidity Layer on Base.", + "discussionLink": "https://forum.sky.money/t/march-6-2025-proposed-changes-to-spark-for-upcoming-spell/26036", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, February 24 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to changing the cbBTC/USDC market Supply Cap in the Spark USDC Morpho Vault on Base with the following parameters:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1198, + "blockCreated": 21917010, + "startDate": "2025-02-24T16:00:00.000Z", + "endDate": "2025-02-27T16:00:00.000Z", + "multiHash": "QmfM4SBBQ2346Qzcf6ANVpLi835zVw9i1SLuR9KwmbGVfu", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Onboard%20LBTC%20-%20February%2024%2C%202025.md", + "slug": "QmfM4SBB", + "title": "SparkLend Ethereum - Onboard LBTC - February 24, 2025", + "summary": "Signal your support or opposition to onboarding Lombard BTC (LBTC) to SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/march-6-2025-proposed-changes-to-spark-for-upcoming-spell/26036", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, February 24 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the onboarding of Lombard BTC (LBTC) onto SparkLend Ethereum with the following parameters:
\nmax): 2,500 LBTCgap): 250 LBTCttl): 12 hoursmax): N/Agap): N/Attl): N/AEmode) Category: 3Initial included assets:
\nPlease review the discussion thread and Risk Assesment to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1199, + "blockCreated": 21917019, + "startDate": "2025-02-24T16:00:00.000Z", + "endDate": "2025-02-27T16:00:00.000Z", + "multiHash": "QmbDzZ3Ffbyu8GA7oTqvoKizvgfDQuNxLexaLdEKaZPZeT", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Onboard%20tBTC%20-%20February%2024%2C%202025.md", + "slug": "QmbDzZ3F", + "title": "SparkLend Ethereum - Onboard tBTC - February 24, 2025", + "summary": "Signal your support or opposition to onboarding Threshold BTC (tBTC) to SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/march-6-2025-proposed-changes-to-spark-for-upcoming-spell/26036", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, February 24 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the onboarding of Threshold BTC (tBTC) onto SparkLend Ethereum with the following parameters:
\nmax): 500 tBTCgap): 125 tBTCttl): 12 hoursmax): 250 tBTCgap): 25 tBTCttl): 12 hoursEmode) Category: 0Please review the discussion thread and Risk Assesment to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1200, + "blockCreated": 22017356, + "startDate": "2025-03-10T16:00:00.000Z", + "endDate": "2025-03-13T16:00:00.000Z", + "multiHash": "Qmdx5vFQSCKbjqBAYrdBYqMXtSNU6Sxj8wvJ4ayo4ptYt1", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20March%2010%2C%202025.md", + "slug": "Qmdx5vFQ", + "title": "Atlas Edit Weekly Cycle Proposal - March 10, 2025", + "summary": "This Atlas Edit proposal lays the foundation for the launch of the new Star Agents and the Sky Primitives.", + "discussionLink": "https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-2025-03-10/26111", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate Julia Chang. This Governance Poll will be active for three days beginning on Monday, March 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nA brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nOn behalf of @atlas-axis, we are honored to submit this proposal to prepare the Atlas for the launch of the new Star Agents and the Sky Primitives. We have much more work ahead of us, but this proposal, if approved, will place us on a strong foundation.
\nOur submission contains the following proposed updates to the Atlas:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1201, + "blockCreated": 22017360, + "startDate": "2025-03-10T16:00:00.000Z", + "endDate": "2025-03-13T16:00:00.000Z", + "multiHash": "Qmf4PDcJyQKonGHiNrjFfLKVrCFL8p3FbFAdj2P2hpZPPt", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Arbitrum%20-%20Onboard%20Aave%20USDC%20-%20March%2010%2C%202025.md", + "slug": "Qmf4PDcJ", + "title": "Spark Liquidity Layer Arbitrum - Onboard Aave USDC - March 10, 2025", + "summary": "Signal your support or opposition to onboarding Aave USDC onto the Spark Liquidity Layer on Arbitrum.", + "discussionLink": "https://forum.sky.money/t/march-20-2025-proposed-changes-to-spark-for-upcoming-spell/26113", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Aave USDC onto the Spark Liquidity Layer on Arbitrum with the following Rate Limits:
\nmax amount: 30 million USDCslope: 15 million USDCmax amount: unlimitedPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1202, + "blockCreated": 22017365, + "startDate": "2025-03-10T16:00:00.000Z", + "endDate": "2025-03-13T16:00:00.000Z", + "multiHash": "QmZbk3gDyt438BtxYdwkZBZNij5uVK13bYfxdcFdY6DnUP", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Arbitrum%20-%20Onboard%20Fluid%20sUSDS%20-%20March%2010%2C%202025.md", + "slug": "QmZbk3gD", + "title": "Spark Liquidity Layer Arbitrum - Onboard Fluid sUSDS - March 10, 2025", + "summary": "Signal your support or opposition to onboarding Fluid sUSDS onto the Spark Liquidity Layer on Arbitrum.", + "discussionLink": "https://forum.sky.money/t/march-20-2025-proposed-changes-to-spark-for-upcoming-spell/26113", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Fluid sUSDS onto the Spark Liquidity Layer on Arbitrum with the following Rate Limits:
\nmax amount: 10 million USDS worth of sUSDSslope: 5 million USDS worth of sUSDSmax amount: unlimitedPlease review the discussion thread to help inform your position before voting. Please refer to the risk assessment post for details about Fluid.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1203, + "blockCreated": 22017372, + "startDate": "2025-03-10T16:00:00.000Z", + "endDate": "2025-03-13T16:00:00.000Z", + "multiHash": "QmXvuNAvcZxWcJa97wZo3srUzkC9MFtgvCi8ZYnPUBxtbK", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Protocol%20Mainnet%20-%20Onboard%20July%20USDe%20PT%20onto%20Morpho%20Spark%20DAI%20Vault%20-%20March%2010%2C%202025.md", + "slug": "QmXvuNAv", + "title": "Spark Protocol Mainnet - Onboard July USDe PT onto Morpho Spark DAI Vault - March 10, 2025", + "summary": "Signal your support or opposition to onboarding July USDe PT onto the Morpho Spark DAI Vault.", + "discussionLink": "https://forum.sky.money/t/march-20-2025-proposed-changes-to-spark-for-upcoming-spell/26113", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding July USDe PT onto the Morpho Spark DAI Vault with the following parameters:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1204, + "blockCreated": 22017376, + "startDate": "2025-03-10T16:00:00.000Z", + "endDate": "2025-03-13T16:00:00.000Z", + "multiHash": "QmXrHgdjszm9DSKoLddybv4RZmPBcGQEhURVkYZZnaUvVD", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Protocol%20Mainnet%20-%20Onboard%20May%20eUSDe%20PT%20onto%20Morpho%20Spark%20DAI%20Vault%20-%20March%2010%2C%202025.md", + "slug": "QmXrHgdj", + "title": "Spark Protocol Mainnet - Onboard May eUSDe PT onto Morpho Spark DAI Vault - March 10, 2025", + "summary": "Signal your support or opposition to onboarding May eUSDe PT onto the Morpho Spark DAI Vault.", + "discussionLink": "https://forum.sky.money/t/march-20-2025-proposed-changes-to-spark-for-upcoming-spell/26113", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding May eUSDe PT onto the Morpho Spark DAI Vault with the following parameters:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1205, + "blockCreated": 22017380, + "startDate": "2025-03-10T16:00:00.000Z", + "endDate": "2025-03-13T16:00:00.000Z", + "multiHash": "QmTj3BSuihfsfPpwh177nvz5sRpifgMGpEfF6qXXn2Je5s", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Onboard%20ezETH%20-%20March%2010%2C%202025.md", + "slug": "QmTj3BSu", + "title": "SparkLend Ethereum - Onboard ezETH - March 10, 2025", + "summary": "Signal your support or opposition to onboarding ezETH onto SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/march-20-2025-proposed-changes-to-spark-for-upcoming-spell/26113", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding ezETH onto SparkLend Ethereum with the following parameters:
\nmax): 20,000 ezETHgap): 2,000 ezETHttl): 12 hoursmax): N/Agap): N/Attl): N/AEmode) Category: 0ezETH/ETH exchange rate (from contract) * ETHUSD market pricePlease review the discussion thread and Risk Assessment to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1206, + "blockCreated": 22017386, + "startDate": "2025-03-10T16:00:00.000Z", + "endDate": "2025-03-13T16:00:00.000Z", + "multiHash": "QmPkA2GPDFquGhN6jLFAotbcMno4QPdiR2yf3w1BUiewjh", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Onboard%20rsETH%20-%20March%2010%2C%202025.md", + "slug": "QmPkA2GP", + "title": "SparkLend Ethereum - Onboard rsETH - March 10, 2025", + "summary": "Signal your support or opposition to onboarding rsETH onto SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/march-20-2025-proposed-changes-to-spark-for-upcoming-spell/26113", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 10 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding rsETH onto SparkLend Ethereum with the following parameters:
\nmax): 20,000 rsETHgap): 2,000 rsETHttl): 12 hoursmax): N/Agap): N/Attl): N/AEmode) Category: 0Please review the discussion thread and Risk Assessment to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "collateral-onboard", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1207, + "blockCreated": 22067136, + "startDate": "2025-03-17T16:00:00.000Z", + "endDate": "2025-03-20T16:00:00.000Z", + "multiHash": "QmV4uuru3P1NsunMCR9HiRnXL8K8d1NWUpo6xkS89MqaNW", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Migrate%20ETH%20and%20wstETH%20Oracles%20-%20March%2017%2C%202025.md", + "slug": "QmV4uuru", + "title": "Migrate ETH and wstETH Oracles - March 17, 2025", + "summary": "Signal your support or opposition to migrating ETH and wstETH oracles from the current Median-based design to Chronicle’s new Scribe-based design.", + "discussionLink": "https://forum.sky.money/t/march-20-2025-final-native-vault-engine-oracle-migration-proposal-eth-steth/26110", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 17 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following oracle changes as part of the migration process defined in A.3.7.1.1.4, Oracles:
\nPerformance benchmarking analysis for Chronicle’s new Scribe-based design can be found here.
\nMore information on the Oracle Migration can be found in the Technical Scope. Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "oracle", + "technical" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1208, + "blockCreated": 22067145, + "startDate": "2025-03-17T16:00:00.000Z", + "endDate": "2025-03-20T16:00:00.000Z", + "multiHash": "QmVrRf9L2ChQkzcbwkTwp6FxfcVu4X6ZqBJ41y8ADSdYar", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Smart%20Burn%20Engine%20Parameter%20Update%20-%20March%2017%2C%202025.md", + "slug": "QmVrRf9L", + "title": "Smart Burn Engine Parameter Update - March 17, 2025", + "summary": "Signal your support or opposition to decreasing the hop parameter.", + "discussionLink": "https://forum.sky.money/t/smart-burn-engine-parameter-update-march-20-spell/26130", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 17 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes to the Smart Burn Engine:
\nhop by 432 seconds, from 2,160 seconds to 1,728 seconds.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "surplus", + "risk-parameter" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1209, + "blockCreated": 22117514, + "startDate": "2025-03-24T16:00:00.000Z", + "endDate": "2025-03-27T16:00:00.000Z", + "multiHash": "QmWQCbnsYNUpMkHBwvfSjhAxfvfM9yPmvaAcAQzKkr8Av4", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20-%20Increase%20USDC%20Rate%20Limit%20for%20SparkLend%20-%20March%2024%2C%202025.md", + "slug": "QmWQCbns", + "title": "Spark Liquidity Layer - Increase USDC Rate Limit for SparkLend - March 24, 2025", + "summary": "Signal your support or opposition to increasing the USDC rate limit on SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 24 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to increasing USDC on the Spark Liquidity Layer on mainnet, with the following rate limits:
\nMax amount: increase by 80 million USDC from 20 million USDC to 100 million USDCSlope: increase by 40 million USDC per day from 10 million USDC per day to 50 million USDC per dayMax amount: UnlimitedPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1210, + "blockCreated": 22117518, + "startDate": "2025-03-24T16:00:00.000Z", + "endDate": "2025-03-27T16:00:00.000Z", + "multiHash": "QmSwQ6WczEWLtgCpDz6fnbTdaBJCdVQXg2UMVg7ecZQPmM", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Grand%20Prix%20-%20Onboard%20BlackRock%20BUIDL-I%20-%20March%2024%2C%202025.md", + "slug": "QmSwQ6Wc", + "title": "Spark Liquidity Layer Mainnet - Grand Prix - Onboard BlackRock BUIDL-I - March 24, 2025", + "summary": "Signal your support or opposition to onboarding BUIDL-I to the Spark Liquidity Layer.", + "discussionLink": "https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 24 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding BUIDL-I to the Spark Liquidity Layer on mainnet with the following rate limits:
\nMax amount: 500 million USDCSlope: 100 million USDCMax amount: UnlimitedToken address: 0x6a9DA2D710BB9B700acde7Cb81F10F1fF8C89041
\nPlease review the discussion thread to help inform your position before voting. A risk evaluation has been provided by BA Labs and can be found here.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1211, + "blockCreated": 22117522, + "startDate": "2025-03-24T16:00:00.000Z", + "endDate": "2025-03-27T16:00:00.000Z", + "multiHash": "QmehvjH9iLMpNVyWG8E6A7yVQ3tpe3VFD5Yc57TovuVeyi", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Grand%20Prix%20-%20Onboard%20Centrifuge%20JTRSY%20-%20March%2024%2C%202025.md", + "slug": "QmehvjH9", + "title": "Spark Liquidity Layer Mainnet - Grand Prix - Onboard Centrifuge JTRSY - March 24, 2025", + "summary": "Signal your support or opposition to onboarding Centrifuge JTRSY to the Spark Liquidity Layer.", + "discussionLink": "https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 24 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Centrifuge JTRSY to the Spark Liquidity Layer on mainnet with the following rate limits:
\nMax amount: 200 million USDCSlope: 100 million USDCMax amount: UnlimitedToken address: 0x8c213ee79581Ff4984583C6a801e5263418C4b86
\nPlease review the discussion thread to help inform your position before voting. A risk evaluation has been provided by BA Labs and can be found here.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1212, + "blockCreated": 22117529, + "startDate": "2025-03-24T16:00:00.000Z", + "endDate": "2025-03-27T16:00:00.000Z", + "multiHash": "QmSytTo475JfFVuV53qdR2k72MBqSq926hCb4E4RCRnd77", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Onboard%20Maple%20syrupUSDC%20-%20March%2024%2C%202025.md", + "slug": "QmSytTo4", + "title": "Spark Liquidity Layer Mainnet - Onboard Maple syrupUSDC - March 24, 2025", + "summary": "Signal your support or opposition to onboarding Maple syrupUSDC to the Spark Liquidity Layer.", + "discussionLink": "https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 24 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Maple syrupUSDC to the Spark Liquidity Layer on mainnet with the following rate limits:
\nMax amount: 25 million USDCSlope: 5 million USDCMax amount: UnlimitedToken address: 0x80ac24aA929eaF5013f6436cdA2a7ba190f5Cc0b
\nPlease review the discussion thread to help inform your position before voting. A risk evaluation has been provided by BA Labs and can be found here.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1213, + "blockCreated": 22117535, + "startDate": "2025-03-24T16:00:00.000Z", + "endDate": "2025-03-27T16:00:00.000Z", + "multiHash": "QmTE29emp75aTsMZmHndjVjCzGVvirLLcVeGVYxiMrjmNT", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Grand%20Prix%20-%20Onboard%20Superstate%20USTB%20-%20March%2024%2C%202025.md", + "slug": "QmTE29em", + "title": "Spark Liquidity Layer Mainnet - Grand Prix - Onboard Superstate USTB - March 24, 2025", + "summary": "Signal your support or opposition to onboarding Superstate USTB to the Spark Liquidity Layer.", + "discussionLink": "https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 24 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Superstate USTB to the Spark Liquidity Layer on mainnet with the following rate limits:
\nMax amount: 300 million USDCSlope: 100 million USDCMax amount: UnlimitedToken address: 0x43415eB6ff9DB7E26A15b704e7A3eDCe97d31C4e
\nPlease review the discussion thread to help inform your position before voting. A risk evaluation has been provided by BA Labs and can be found here.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1214, + "blockCreated": 22117538, + "startDate": "2025-03-24T16:00:00.000Z", + "endDate": "2025-03-27T16:00:00.000Z", + "multiHash": "QmZGQhkGvSrGd5UEEpYAiVw29n2H9ch33v1dc2GYFEPMzv", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Increase%20USDC%20Supply%20and%20Borrow%20Caps%20-%20March%2024%2C%202025.md", + "slug": "QmZGQhkG", + "title": "SparkLend Ethereum - Increase USDC Supply and Borrow Caps - March 24, 2025", + "summary": "Signal your support or opposition to increasing the USDC supply and borrow caps on SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 24 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to increasing the USDC supply/borrow caps on SparkLend Ethereum as follows:
\ngap: 150 million USDCmax: increase by 940 million USDC from 60 million USDC to 1 billion USDCgap: increase by 44 million USDC from 6 million USDC to 50 million USDCmax: increase by 893 million USDC from 57 million UDSC to 950 million USDCThe ttl will remain unchanged at 12 hours for both borrow and supply cap automators.
The definitions for these parameters can be found in the Atlas under 3.9, Measures For Endgame Transition - SparkLend Risk Parameters - Cap Automators. Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1215, + "blockCreated": 22167924, + "startDate": "2025-03-31T16:00:00.000Z", + "endDate": "2025-04-03T16:00:00.000Z", + "multiHash": "QmYZPnGcGpbz8bKURyt3AKKbontCGgJjYQUSpVJWmcoR19", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20March%2031%2C%202025.md", + "slug": "QmYZPnGc", + "title": "Atlas Edit Weekly Cycle Proposal - March 31, 2025", + "summary": "This Atlas Edit updates the Spark Pre-launch Token Rewards figures and other documentation.", + "discussionLink": "https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-for-week-of-march-31-2025/26209", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate Julia Chang. This Governance Poll will be active for three days beginning on Monday, March 31 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nPlease review the previous Atlas Edit in Notion for this Edit's changes to the Conditions For The Pre-launch Token Rewards, Operational Process Definition, and Multi-Deployment Coordinator Document sections.
A brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1216, + "blockCreated": 22167932, + "startDate": "2025-03-31T16:00:00.000Z", + "endDate": "2025-04-03T16:00:00.000Z", + "multiHash": "Qmf3cZuMpXhBGJeWqmiev4kZnfFNLfLJdztnmj2E8R6zwp", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Smart%20Burn%20Engine%20Parameter%20Update%20-%20March%2031%2C%202025.md", + "slug": "Qmf3cZuM", + "title": "Smart Burn Engine Parameter Update - March 31, 2025", + "summary": "Signal your support or opposition to decreasing the hop parameter.", + "discussionLink": "https://forum.sky.money/t/smart-burn-engine-parameter-update-april-3-spell/26201", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 31 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes to the Smart Burn Engine:
\nhop by 493 seconds from 1,728 seconds to 1,235 seconds.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "surplus", + "risk-parameter" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1217, + "blockCreated": 22167937, + "startDate": "2025-03-31T16:00:00.000Z", + "endDate": "2025-04-03T16:00:00.000Z", + "multiHash": "QmXAJTvs5U1TphdbZRQCXxyrpNNVqf57zwMFSTgANBksxs", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Mainnet%20-%20Update%20Morpho%20DAI%20Vault%20Supply%20Caps%20-%20March%2031%2C%202025.md", + "slug": "QmXAJTvs", + "title": "SparkLend Mainnet - Update Morpho DAI Vault Supply Caps - March 31, 2025", + "summary": "Signal your support or opposition to updating Morpho DAI vault Supply Caps on Sparklend Mainnet.", + "discussionLink": "https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell-2/26203", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, March 31 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to updating Morpho DAI vault Supply Caps as follows:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "risk-parameter", + "d3m", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1218, + "blockCreated": 22167944, + "startDate": "2025-03-31T16:00:00.000Z", + "endDate": "2025-04-03T16:00:00.000Z", + "multiHash": "QmNZVfSq4DaWzNPeNCaSVkA9Fu7qfufDtmL5484X3iDaas", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Modify%20USDS%20Mint%20Rate%20Limits%20-%20March%2031%2C%202025.md", + "slug": "QmNZVfSq", + "title": "Spark Liquidity Layer Mainnet - Modify USDS Mint Rate Limits - March 31, 2025", + "summary": "Signal your support or opposition to modifying the rate limits for Spark Liquidity Layer Mainnet USDS.", + "discussionLink": "https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell-2/26203", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 31 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following rate limit parameters for Spark Liquidity Layer Mainnet USDS mints:
\nMore information on Rate Limits can be found here.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1219, + "blockCreated": 22167949, + "startDate": "2025-03-31T16:00:47.000Z", + "endDate": "2025-04-03T16:00:00.000Z", + "multiHash": "QmT87a3pZ5M2ovamw9r5doggMLCDfX7MLDNinmNxfpx5Fh", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Adjust%20USDC%20PSM%20Swap%20Rate%20Limits%20-%20March%2031%2C%202025.md", + "slug": "QmT87a3p", + "title": "Spark Liquidity Layer Mainnet - Adjust USDC PSM Swap Rate Limits - March 31, 2025", + "summary": "Signal your support or opposition to modifying the rate limits for Spark Liquidity Layer Mainnet USDC.", + "discussionLink": "https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell-2/26203", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 31 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following rate limit parameters for Spark Liquidity Layer Mainnet USDC PSM Swap.
\nMore information on Rate Limits can be found here.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Maker Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "psm", + "spark" + ] + }, + { + "creator": "0x777cc2b5ec4c50b5aec0c0d9f8d1b8599ef2a54c", + "pollId": 1220, + "blockCreated": 22167954, + "startDate": "2025-03-31T16:01:47.000Z", + "endDate": "2025-04-03T16:00:00.000Z", + "multiHash": "QmY6tE6hr7gGbp89BLBv4icgF6Q9RtGH3ds4C2nKYBdvCg", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Mainnet%20-%20Increase%20rsETH%20Supply%20Cap%20Gap%20and%20Supply%20Cap%20Max%20-%20March%2031%2C%202025.md", + "slug": "QmY6tE6h", + "title": "SparkLend Mainnet - Increase rsETH Supply Cap Gap and Supply Cap Max - March 31, 2025", + "summary": "Signal your support or opposition to increasing the rsETH supply cap gap and max on SparkLend Mainnet.", + "discussionLink": "https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell-2/26203", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 31 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to increasing the rsETH supply cap gap and max parameters on SparkLend Mainnet as follows:
gap by 3,000 rsETH from 2,000 rsETH to 5,000 rsETH.max by 20,000 rsETH from 20,000 rsETH to 40,000 rsETH.The definitions for these parameters can be found in the Atlas under 3.9, Measures For Endgame Transition - SparkLend Risk Parameters - Cap Automators. Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1221, + "blockCreated": 22217915, + "startDate": "2025-04-07T16:00:00.000Z", + "endDate": "2025-04-10T16:00:00.000Z", + "multiHash": "QmTNzwgngP7dazPeejchoBVdTR6PteHT7QqYpRndXAZwXV", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20April%207%2C%202025.md", + "slug": "QmTNzwgn", + "title": "Atlas Edit Weekly Cycle Proposal - April 7, 2025", + "summary": "This Atlas Edit 1) clarifies responsibility for proposing Smart Burn Engine parameter updates and 2) specifies a methodology for adjusting SKY token rewards.", + "discussionLink": "https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-april-7-2025/26232", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate JuliaChang. This Governance Poll will be active for three days beginning on Monday, April 7 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\nA brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nThis proposal includes two sets of edits:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1222, + "blockCreated": 22217919, + "startDate": "2025-04-07T16:00:00.000Z", + "endDate": "2025-04-10T16:00:00.000Z", + "multiHash": "QmWju9UukfSAANx7VPYufJfZLBcLFv4pE5PQPAsgTi1gzu", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Onboard%20Curve%20USDC-USDT%20Pool%20-%20April%207%2C%202025.md", + "slug": "QmWju9Uu", + "title": "Spark Liquidity Layer Mainnet - Onboard Curve USDC/USDT Pool - April 7, 2025", + "summary": "Signal your support or opposition to onboarding the Curve USDC/USDT pool to the Spark Liquidity Layer on Mainnet.", + "discussionLink": "https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, April 7 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding the Curve USDC/USDT pool to the Spark Liquidity Layer on Mainnet with the following parameters:
\nMax amount: 5 millionSlope: 20 million per dayMax slippage: 0.15%Max amount: 0Max amount: 0Please review the discussion thread to help inform your position before voting. You can also refer to the risk assessment post for more details about USDT integration.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1223, + "blockCreated": 22217922, + "startDate": "2025-04-07T16:00:00.000Z", + "endDate": "2025-04-10T16:00:00.000Z", + "multiHash": "QmWgkXDAdAi8bPdncJvKGbBdyVzfNidiSHZRDSWT27GfgF", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Onboard%20Curve%20sUSDS-USDT%20Pool%20-%20April%207%2C%202025.md", + "slug": "QmWgkXDA", + "title": "Spark Liquidity Layer Mainnet - Onboard Curve sUSDS/USDT Pool - April 7, 2025", + "summary": "Signal your support or opposition to onboarding the Curve sUSDS/USDT pool to the Spark Liquidity Layer on Mainnet.", + "discussionLink": "https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, April 7 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding the Curve sUSDS/USDT pool to the Spark Liquidity Layer on Mainnet with the following parameters:
\nMax amount: 5 millionSlope: 20 million per dayMax slippage: 0.15%Max amount: 5 millionSlope: 20 million per dayMax slippage: 0.15%Max amount: 25 millionSlope: 100 million per dayMax slippage: 0.15%Please review the discussion thread to help inform your position before voting. You can also refer to the risk assessment post for more details about the Curve sUSDS/USDT integration in the Spark Liquidity Layer.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1224, + "blockCreated": 22217928, + "startDate": "2025-04-07T16:00:00.000Z", + "endDate": "2025-04-10T16:00:00.000Z", + "multiHash": "QmbNssssk8mhViPRtDAfgY8d7evqpAqVspCkeZCThRZAjp", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Onboard%20SparkLend%20DAI%20-%20April%207%2C%202025.md", + "slug": "QmbNssss", + "title": "Spark Liquidity Layer Mainnet - Onboard SparkLend DAI - April 7, 2025", + "summary": "Signal your support or opposition to onboarding SparkLend DAI to the Spark Liquidity Layer on Mainnet.", + "discussionLink": "https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, April 7 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Mainnet SparkLend DAI to the Spark Liquidity Layer with the following parameters:
\nMax amount: 100 million DAISlope: 50 million DAI per dayMax amount: unlimitedPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1225, + "blockCreated": 22217932, + "startDate": "2025-04-07T16:00:00.000Z", + "endDate": "2025-04-10T16:00:00.000Z", + "multiHash": "QmRkQDMTPwZ1UmAt46whu9o66UjdKG99LbwmY7RQGVBnb1", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%2C%20Base%2C%20Arbitrum%20-%20Upgrade%20Controller%20to%20v1.4.0%20on%20All%20Chains%20-%20April%207%2C%202025.md", + "slug": "QmRkQDMT", + "title": "Spark Liquidity Layer Mainnet, Base, Arbitrum - Upgrade the Spark ALM Controller to v1.4.0 on All Chains - April 7, 2025", + "summary": "Signal your support or opposition to upgrading the Spark ALM Controller to v1.4.0 on All Chains", + "discussionLink": "https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, April 7 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to upgrading the Spark ALM Controller to v1.4.0 on all chains.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1226, + "blockCreated": 22217937, + "startDate": "2025-04-07T16:00:00.000Z", + "endDate": "2025-04-10T16:00:00.000Z", + "multiHash": "QmQk4XKyv1u8n6WN6TEXVPhwxkCRP5A8VoFYdvdYB14TMs", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Mainnet%20-%20Add%20sUSDS%20to%20USD%20Emode%20-%20April%207%2C%202025.md", + "slug": "QmQk4XKy", + "title": "SparkLend Mainnet - Add sUSDS to USD E-mode - April 7, 2025", + "summary": "Signal your support or opposition to adding sUSDS to USD-correlated E-mode", + "discussionLink": "https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, April 7 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to adding sUSDS to the USD-correlated E-mode.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1227, + "blockCreated": 22217943, + "startDate": "2025-04-07T16:00:00.000Z", + "endDate": "2025-04-10T16:00:00.000Z", + "multiHash": "Qmc3WXejnufHs4xbbrmozfCf1QDyERkggP68uxCAPruUnD", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Mainnet%20-%20Adjust%20cbBTC%20and%20tBTC%20Interest%20Rate%20Models%20-%20April%207%2C%202025.md", + "slug": "Qmc3WXej", + "title": "SparkLend Mainnet - Adjust cbBTC and tBTC Interest Rate Models - April 7, 2025", + "summary": "Signal your support or opposition to adjusting the cbBTC and tBTC Interest Rate Models.", + "discussionLink": "https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, April 7 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to adjusting the cbBTC and tBTC Interest Rate Models as follows:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1228, + "blockCreated": 22217949, + "startDate": "2025-04-07T16:00:00.000Z", + "endDate": "2025-04-10T16:00:00.000Z", + "multiHash": "QmQgnWbXYPQ8iv9bbn9EfzmMed735JpHTnRFQTDf4zjiwV", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Mainnet%20-%20Onboard%20July%20sUSDe%20PT%20to%20Morpho%20Spark%20DAI%20Vault%20-%20April%207%2C%202025.md", + "slug": "QmQgnWbX", + "title": "SparkLend Mainnet - Onboard July sUSDe PT to Morpho Spark DAI Vault - April 7, 2025", + "summary": "Signal your support or opposition to onboarding PT-sUSDe-31July2025 to the Morpho DAI vault.", + "discussionLink": "https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, April 7 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding PT-sUSDe-31July2025 to the Morpho DAI vault with the following parameters:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "medium-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1229, + "blockCreated": 22217953, + "startDate": "2025-04-07T16:00:00.000Z", + "endDate": "2025-04-10T16:00:00.000Z", + "multiHash": "QmU3y9jfKVZJqhGmsKeWdyCBHbkkBCSXv983fSCdoog14e", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Mainnet%20-%20Reduce%20WBTC%20LT%20-%20April%207%2C%202025.md", + "slug": "QmU3y9jf", + "title": "SparkLend Mainnet - Reduce WBTC LT - April 7, 2025", + "summary": "Signal your support or opposition to reducing the WBTC Liquidation Threshold.", + "discussionLink": "https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, April 7 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to reducing the WBTC Liquidation Threshold as follows:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1230, + "blockCreated": 22268228, + "startDate": "2025-04-14T16:00:00.000Z", + "endDate": "2025-04-28T16:00:00.000Z", + "multiHash": "QmRn24abKP4BZn44ux2jXmUMQYvpi3UEigcH3T4xZRVoT4", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Monthly%20Cycle%20Proposal%20(AEP-10)%20-%20April%2014%2C%202025.md", + "slug": "QmRn24ab", + "title": "Atlas Edit Monthly Cycle Proposal (AEP-10) - April 14, 2025", + "summary": "This Atlas Edit Proposal aims to make Aligned Delegate and Facilitator anonymity optional.", + "discussionLink": "https://forum.sky.money/t/aep-10-making-delegate-anonymity-optional/26205", + "content": "The Governance Facilitators have placed an Atlas Edit Monthly Cycle Proposal into the voting system. This Governance Poll will be active for fourteen days beginning on Monday, April 14 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Monthly Cycle Proposal:
\n\nA brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nWe currently require AD’s to stay anonymous and even pay bounties for users to reveal their identities. This is likely a large reason AD’s keep communications to a minimum to avoid being doxed. They cannot attend events in person, cannot speak personally, they are incentivized to participate less in Sky. They constantly have a target on their back. What the point of having a request for comments stage of Atlas proposals if people are pushed to never comment? I am pushing this proposal to make anonymity optional for AD’s, they can choose whether they want to be anonymous or not, and the bounty system will be eliminated. Should any member ever be sued, we have a legal defense fund. I’m also going to include in this proposal funding emergencies to defend AD’s such as if they need relocation or security. Going into the future we want active public governance, not cloak and dagger. Also on a practical note, why are we paying people to dox our delegates? That seems like a waste of money that can be better put to use elsewhere. We are not Silk Road and acting like it makes us seem criminal.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Monthly Cycle Proposals is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 10,000 MKR, then the following action will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "medium-impact", + "ratification" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1231, + "blockCreated": 22268242, + "startDate": "2025-04-14T16:00:00.000Z", + "endDate": "2025-04-28T16:00:00.000Z", + "multiHash": "QmXaoCePQ1pRp2mp4dweKoEYGMrDfJwMCdwMD2NUa7X4Ty", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Monthly%20Cycle%20Proposal%20(AEP-3)%20-%20April%2014%2C%202025.md", + "slug": "QmXaoCeP", + "title": "Atlas Edit Monthly Cycle Proposal (AEP-3) - April 14, 2025", + "summary": "This Atlas Edit Proposal aims to introduce a monthly community meeting to The Atlas.", + "discussionLink": "https://forum.sky.money/t/aep-03-monthly-developer-ad-community-meetings/25991", + "content": "The Governance Facilitators have placed an Atlas Edit Monthly Cycle Proposal into the voting system. This Governance Poll will be active for fourteen days beginning on Monday, April 14 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Monthly Cycle Proposal:
\n\nA brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nTo enhance communication, transparency, and cohesion among the DAO and better keep things organized I am proposing to adopt a system similar to most DAOs/ETH-style governance and have monthly discord meetings. This would not just be for Sky DAO but for the sub-DAO’s as well to attend so that everyone is up to date on what is going on and have a chance to interact. These meetings will be recorded and posted to Youtube so that future users may look up past decisions/discussions. How I envision this working is that every month there is a meeting of all Sky employees where they can discuss what is going on and communicate between themselves while the audience is muted. AD’s will be required to attend 1 in 3 meetings, missing 3 in a row results in disqualification. Once the employees are done, the AD’s will be able to ask questions and discuss monthly governance proposals. Once the AD’s are finished, there will be a 20 minute question period for the community to ask questions. I will note that all other organizations wishing to cooperate with Sky must ask on the forum, this would not be a period for advertising. Edit: To add, AD’s can write down their questions they don’t need to talk (due to the anonymity requirements for AD’s).
\nAdditional information about the processing of AEP-3 can be found here.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Monthly Cycle Proposals is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 10,000 MKR, then the following action will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "low-impact", + "ratification", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1232, + "blockCreated": 22268255, + "startDate": "2025-04-14T16:00:00.000Z", + "endDate": "2025-04-28T16:00:00.000Z", + "multiHash": "QmRgEcHVCQ3TWva559684RhG9ous1Gjy61MEm8o48m5dQa", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Monthly%20Cycle%20Proposal%20(AEP-8)%20-%20April%2014%2C%202025.md", + "slug": "QmRgEcHV", + "title": "Atlas Edit Monthly Cycle Proposal (AEP-8) - April 14, 2025", + "summary": "This Atlas Edit Proposal aims to focus Integration Boost on crosschain adoption.", + "discussionLink": "https://forum.sky.money/t/aep-8-focus-integration-boost-on-crosschain-adoption/26176", + "content": "The Governance Facilitators have placed an Atlas Edit Monthly Cycle Proposal into the voting system. This Governance Poll will be active for fourteen days beginning on Monday, April 14 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Monthly Cycle Proposal:
\n\nPlease review the previous Atlas Edit in Notion for this Edit's changes to the Integration Boost Partners section.
A brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nWith DAI and USDS already present and profitable on Ethereum, resources to promote USDS are best spent on new markets. To this end, the Integration Boost program should direct 100% of its budget to venues and partners outside of Ethereum and it’s associated L2’s where there is the highest potential for growth.
\nTo add, Sky is quite profitable but much of this is currently being spent rather than given back to token holders. Integration boosts should be focused on high value returns. Realistically almost all Sky income is derived from Ethereum as low gas means the L2’s have lost much of their meaning/drive. Benefits gained from L2 network deposits are only driven by large subsidies such that Sky is losing out overall. A great example is on Compound, sure it’s great that people are depositing USDS and borrowing USDS on compound. But we’re paying USDS incentives to achieve this. They can just deposit USDS on Sky. Perhaps when USDS was unknown it was good publicity (people see the high APR and google USDS to find it) but now USDS is known so we no longer need efforts such as this on ETH.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Monthly Cycle Proposals is currently set to 10,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 10,000 MKR, then the following action will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 10000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "ratification", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1233, + "blockCreated": 22268277, + "startDate": "2025-04-14T16:00:00.000Z", + "endDate": "2025-04-17T16:00:00.000Z", + "multiHash": "QmWc4toZhzWBWexeD6i9V7x1owa1mpsMf69JWFD9jCRjDG", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20April%2014%2C%202025.md", + "slug": "QmWc4toZ", + "title": "Atlas Edit Weekly Cycle Proposal - April 14, 2025", + "summary": "This Atlas Edit 1) builds out logic regarding types of capital 2) introduces the Sky Treasury Management Function 3) Adds initial logic for the Monthly Settlement Cycle 4) Adds provisions for the Rate Setter Module 5) Adds triggering requirements for the Monthly Governance Cycle 6) Corrects issues in the Agent Launch proposal.", + "discussionLink": "https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-april-14-2025/26262", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate JuliaChang. This Governance Poll will be active for three days beginning on Monday, April 14 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nA brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nThis proposal includes six sets of edits:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "ratification", + "endgame" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1234, + "blockCreated": 22318262, + "startDate": "2025-04-21T16:00:00.000Z", + "endDate": "2025-04-24T16:00:00.000Z", + "multiHash": "Qmctp1eNGREN8siQCeRJqr35vpPukE1YUwCxhz4yT4si6U", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20April%2021%2C%202025.md", + "slug": "Qmctp1eN", + "title": "Atlas Edit Weekly Cycle Proposal - April 21, 2025", + "summary": "This Atlas Edit introduces staking as a replacement for Activation/Sealing and defines the yUSDS system for funding USDS borrowing against staked SKY.", + "discussionLink": "https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-april-21-2025/26291", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate JuliaChang. This Governance Poll will be active for three days beginning on Monday, April 21 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nA brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nIntroduce Staking - Introduces staking as a replacement for Activation / Sealing and defines the yUSDS system for funding USDS borrowing against staked SKY. This edit incorporates Rune’s Forum posts Simplifying Seal Engine and Activation (Removing Exit Fee) and SKY Staking and yUSDS - further simplifying activation and sealing.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1235, + "blockCreated": 22318318, + "startDate": "2025-04-21T16:00:00.000Z", + "endDate": "2025-04-24T16:00:00.000Z", + "multiHash": "QmepaQjkwcj61WMf2bCMp88XnXKce8pxzym3hbrAAaDgHB", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Activate%20STAR2%20Liquidity%20Layer%20on%20Mainnet%20-%20April%2021%2C%202025.md", + "slug": "QmepaQjk", + "title": "Activate STAR2 Liquidity Layer on Mainnet - April 21, 2025", + "summary": "Signal your support or opposition to activating STAR2 Liquidity Layer on Mainnet.", + "discussionLink": "https://forum.sky.money/t/technical-test-of-of-the-star2-allocation-system/26289", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Sidestream and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, April 21 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to activating STAR2 Liquidity Layer on Mainnet with the parameters below.
\n| Contract Name | \nAddress | \n
|---|---|
| ALMProxy | \n0x491EDFB0B8b608044e227225C715981a30F3A44E | \n
| MainnetController | \n0x3048386E09c72C20FB268a37d2B630D7f2Ee9138 | \n
| RateLimits | \n0x5F5cfCB8a463868E37Ab27B5eFF3ba02112dF19a | \n
| ALMRelayer (SafeProxy) | \n0x0eEC86649E756a23CBc68d9EFEd756f16aD5F85f | \n
| ALMFreezer (SafeProxy) | \n0xB0113804960345fd0a245788b3423319c86940e5 | \n
All deployments were verified by ChainSecurity.
\nOn-chain parameters for the STAR2 Liquidity Layer for initial activation.
\n| Parameter | \nMax Amount | \nSlope (Tokens/Day) | \n
|---|---|---|
| LIMIT_USDS_MINT | \n100 million | \n50 million | \n
| LIMIT_USDS_TO_USDC | \n100 million | \n50 million | \n
To test the recently deployed STAR2 Liquidity Layer, the STAR2 team proposes to onboard Centrifuge 7540 Vault and conduct a test deployment of 100,000 USDC with the following parameters:
\nMax amount: 100 million USDCSlope: 50 million USDCMax amount: UnlimitedThis will allow STAR2 to call buyGemNoFee and sellGemNoFee on the MCD_LITE_PSM_USDC_A contract. Example code:
MCD_LITE_PSM_USDC_A.kiss(0x491EDFB0B8b608044e227225C715981a30F3A44E)\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "misc-governance" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1236, + "blockCreated": 22318322, + "startDate": "2025-04-21T16:00:00.000Z", + "endDate": "2025-04-24T16:00:00.000Z", + "multiHash": "QmQM99z5dzcXXvo2egjjmrq9v4tfj3RUL3A31G7G9Wvb2G", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Onboard%20Aave%20Core%20USDT%20-%20April%2021%2C%202025.md", + "slug": "QmQM99z5", + "title": "Spark Liquidity Layer Mainnet - Onboard Aave Core USDT - April 21, 2025", + "summary": "Signal your support or opposition to onboarding Aave Core USDT on the Spark Liquidity Layer on Mainnet.", + "discussionLink": "https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, April 21 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the onboarding of Aave Core USDT to the Spark Liquidity Layer on Mainnet with the following rate limits:
\nMax amount: 50 million USDTSlope: 25 million USDT per dayMax amount: UnlimitedPlease review the discussion thread to help inform your position before voting. You can read more about Aave Core in this forum post by BA Labs.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1237, + "blockCreated": 22318326, + "startDate": "2025-04-21T16:00:00.000Z", + "endDate": "2025-04-24T16:00:00.000Z", + "multiHash": "QmfJ5yDFphSRRK6wvkjXFEU7ijWfsh1B2JknEkj7CpLKY4", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Onboard%20SparkLend%20USDT%20-%20April%2021%2C%202025.md", + "slug": "QmfJ5yDF", + "title": "Spark Liquidity Layer Mainnet - Onboard SparkLend USDT - April 21, 2025", + "summary": "Signal your support or opposition to onboarding SparkLend USDT on the Spark Liquidity Layer on Mainnet.", + "discussionLink": "https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, April 21 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the onboarding of SparkLend USDT to the Spark Liquidity Layer on Mainnet with the following rate limits:
\nMax amount: 100 million USDTSlope: 50 million USDT per dayMax amount: UnlimitedPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1238, + "blockCreated": 22318332, + "startDate": "2025-04-21T16:00:00.000Z", + "endDate": "2025-04-24T16:00:00.000Z", + "multiHash": "QmZ2vydYm22P4myNfEgEH2zvVFT6dUot7NfFayDGBw2MMR", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Adjust%20USDT%20Cap%20Automator%20Parameters%20-%20April%2021%2C%202025.md", + "slug": "QmZ2vydY", + "title": "SparkLend Ethereum - Adjust USDT Cap Automator Parameters - April 21, 2025", + "summary": "Signal your support or opposition to adjusting the USDT Cap Automator parameters on SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, April 21 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to adjusting the USDT Cap Automator parameters on SparkLend Ethereum as follows:
\ngap: Set to 100 million USDT.max: Increase by 470 million USDT from 30 million USDT to 500 million USDT.gap: Increase by 47 million USDT from 3 million USDT to 50 million USDT.max: Increase by 421.5 million USDT from 28.5 million USDT to 450 million USDT.ttl: Keep unchanged at 12 hours.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1239, + "blockCreated": 22318335, + "startDate": "2025-04-21T16:00:00.000Z", + "endDate": "2025-04-24T16:00:00.000Z", + "multiHash": "Qmdc28AgGsH5vK4L3Ke3bo8DBARRRVJXxQHTidftiLLGDD", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Update%20DAI%20Interest%20Rate%20Model%20-%20April%2021%2C%202025.md", + "slug": "Qmdc28Ag", + "title": "SparkLend Ethereum - Update DAI Interest Rate Model - April 21, 2025", + "summary": "Signal your support or opposition to updating the DAI Interest Rate Model on SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, April 21 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to updating the DAI Interest Rate Model as follows:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1240, + "blockCreated": 22318340, + "startDate": "2025-04-21T16:00:00.000Z", + "endDate": "2025-04-24T16:00:00.000Z", + "multiHash": "Qmee2jezzj3FeVkmJW3rc2sQVyQwjX1Ra7e2wCdfoWRuEa", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Update%20USDC%20Interest%20Rate%20Model%20-%20April%2021%2C%202025.md", + "slug": "Qmee2jez", + "title": "SparkLend Ethereum - Update USDC Interest Rate Model - April 21, 2025", + "summary": "Signal your support or opposition to updating the USDC Interest Rate Model on SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, April 21 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to updating the USDC Interest Rate Model as follows:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1241, + "blockCreated": 22318345, + "startDate": "2025-04-21T16:00:00.000Z", + "endDate": "2025-04-24T16:00:00.000Z", + "multiHash": "QmeNB8S1tmqAw25aWB6yFt13ixDymRnYk7qik2rLKcQTRm", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Update%20USDS%20Interest%20Rate%20Model%20-%20April%2021%2C%202025.md", + "slug": "QmeNB8S1", + "title": "SparkLend Ethereum - Update USDS Interest Rate Model - April 21, 2025", + "summary": "Signal your support or opposition to updating the USDS Interest Rate Model on SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, April 21 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to updating the USDS Interest Rate Model as follows:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1242, + "blockCreated": 22318349, + "startDate": "2025-04-21T16:00:00.000Z", + "endDate": "2025-04-24T16:00:00.000Z", + "multiHash": "QmfBmrxqTGU5g7zYRgQtkriNHSBnN8nwyTKW69DdPuobAc", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Update%20USDT%20Interest%20Rate%20Model%20-%20April%2021%2C%202025.md", + "slug": "QmfBmrxq", + "title": "SparkLend Ethereum - Update USDT Interest Rate Model - April 21, 2025", + "summary": "Signal your support or opposition to updating the USDT Interest Rate Model on SparkLend Ethereum.", + "discussionLink": "https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, April 21 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to updating the USDT Interest Rate Model as follows:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1243, + "blockCreated": 22318353, + "startDate": "2025-04-21T16:00:00.000Z", + "endDate": "2025-04-24T16:00:00.000Z", + "multiHash": "QmedB3hHGEwUJH9tN9BCpGQvbcDxAZxf2DDnmD3o13no9k", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/System%20Parameter%20Changes%20-%20April%2021%2C%202025.md", + "slug": "QmedB3hH", + "title": "System Parameter Changes - April 21, 2025", + "summary": "Signal your support or opposition to updating system changes as part of operational maintenance and in preparation for future upgrades to the protocol and Star Agents.", + "discussionLink": "https://forum.sky.money/t/parameter-changes-poll-april-21-2025/26290", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Governance Facilitators and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, April 21 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following system parameter changes as part of operational maintenance and in preparation for future upgrades to the protocol and Star Agents:
\nline by 45 million DAI from 45 million DAI to 0 DAI.gap by 40 million DAI from 10 million DAI to 50 million DAI.line by 90 million DAI from 10 million DAI to 100 million DAI.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "risk-parameter" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1244, + "blockCreated": 22368472, + "startDate": "2025-04-28T16:00:00.000Z", + "endDate": "2025-05-01T16:00:00.000Z", + "multiHash": "QmVxsh8CWrNBWZPQRHGEwejsrHjdbN6J8tnL94MCGwq1im", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20April%2028%2C%202025.md", + "slug": "QmVxsh8C", + "title": "Atlas Edit Weekly Cycle Proposal - April 28, 2025", + "summary": "This Atlas Edit adds documentation for a newly deployed Standby Spell that allows Sky Governance to disable the SP-BEAM in an emergency.", + "discussionLink": "https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-april-28-2025/26307", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate BLUE. This Governance Poll will be active for three days beginning on Monday, April 28 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nA brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nAdds documentation regarding a newly deployed Standby Spell that allows Sky Governance to disable the SP-BEAM in an emergency.
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "low-impact", + "endgame" + ] + }, + { + "creator": "0x8541ccfc6e7eacebd233c6789a0fbf7c708b0e68", + "pollId": 1245, + "blockCreated": 22418118, + "startDate": "2025-05-05T16:00:00.000Z", + "endDate": "2025-05-08T16:00:00.000Z", + "multiHash": "QmcZNZg34Yv2rr64JGhsXUzmzDwwnXvJryS85PWcFDAVgn", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20May%205%2C%202025.md", + "slug": "QmcZNZg3", + "title": "Atlas Edit Weekly Cycle Proposal - May 5, 2025", + "summary": "This Atlas Edit 1) defines the process for the MKR-to-SKY upgrade, 2) updates the entities authorized to validate Standby Spells, 3) adds documentation regarding Protego, 4) clarifies the short-term logic for Agent Artifact updates, 5) removes the outdated document for recentering the Maker brand.", + "discussionLink": "https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-may-5-2025/26319", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate cloaky. This Governance Poll will be active for three days beginning on Monday, May 5 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nA brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nThis proposal includes the following edits:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1246, + "blockCreated": 22468060, + "startDate": "2025-05-12T16:00:00.000Z", + "endDate": "2025-05-15T16:00:00.000Z", + "multiHash": "QmTVd4iq8WGVcFSijQZHx9n498PAL1kVLpPHbYMC2Z5xkK", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Atlas%20Edit%20Weekly%20Cycle%20Proposal%20-%20May%2012%2C%202025.md", + "slug": "QmTVd4iq", + "title": "Atlas Edit Weekly Cycle Proposal - May 12, 2025", + "summary": "This Atlas Edit 1) clarifies SKY staking parameters, 2) adds documentation regarding approval of the upgrade from MKR to SKY, 3) updates documentation regarding legacy brands, 4) includes new Vote Delegate Factory contract in MKR to SKY upgrade plan.", + "discussionLink": "https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-may-12-2025/26364", + "content": "The Governance Facilitators have placed an Atlas Edit Weekly Cycle Proposal into the voting system on behalf of Prime Delegate JuliaChang. This Governance Poll will be active for three days beginning on Monday, May 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal:
\n\nA brief summary of this Atlas Edit has been provided by the Author and is shown below:
\nThis proposal includes the following edits:
\nThis poll implements a Minimum Positive Participation value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to 20,000 MKR.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Sky Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "and", + "conditions": [ + { + "type": "plurality" + }, + { + "type": "comparison", + "comparator": ">=", + "value": 20000 + } + ] + }, + { + "type": "default", + "value": 2 + } + ] + }, + "tags": [ + "high-impact", + "endgame" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1247, + "blockCreated": 22468071, + "startDate": "2025-05-12T16:00:00.000Z", + "endDate": "2025-05-15T16:00:00.000Z", + "multiHash": "QmVt1spifMaA1oUyGW927JqX1dfsHKXUH7GpU6PMsVYK6h", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Adjust%20DAI%20Interest%20Rate%20Model%20-%20May%2012%2C%202025.md", + "slug": "QmVt1spi", + "title": "SparkLend Ethereum - Adjust DAI Interest Rate Model - May 12, 2025", + "summary": "Signal your support or opposition to the proposed adjustments to the DAI Interest Rate Model for SparkLend on Mainnet.", + "discussionLink": "https://forum.sky.money/t/may-29-2025-proposed-changes-to-spark-for-upcoming-spell/26372", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes to the DAI Interest Rate Model on Mainnet:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1248, + "blockCreated": 22468079, + "startDate": "2025-05-12T16:00:00.000Z", + "endDate": "2025-05-15T16:00:00.000Z", + "multiHash": "QmUnygNrTaTxQkN2gAZv3VjA5BM5PVq1unk4DoM4AofHdz", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Adjust%20USDS%20Interest%20Rate%20Model%20-%20May%2012%2C%202025.md", + "slug": "QmUnygNr", + "title": "SparkLend Ethereum - Adjust USDS Interest Rate Model - May 12, 2025", + "summary": "Signal your support or opposition to the proposed adjustments to the USDS Interest Rate Model for SparkLend on Mainnet.", + "discussionLink": "https://forum.sky.money/t/may-29-2025-proposed-changes-to-spark-for-upcoming-spell/26372", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes to the USDS Interest Rate Model on Mainnet:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1249, + "blockCreated": 22468097, + "startDate": "2025-05-12T16:00:00.000Z", + "endDate": "2025-05-15T16:00:00.000Z", + "multiHash": "QmX16hA3k8ofBdYJ9Lw9sW8Z5otM1upR76EJa6Ho9fRC58", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/SparkLend%20Ethereum%20-%20Reduce%20WBTC%20Liquidation%20Threshold%20-%20May%2012%2C%202025.md", + "slug": "QmX16hA3", + "title": "SparkLend Ethereum - Reduce WBTC Liquidation Threshold - May 12, 2025", + "summary": "Signal your support or opposition to reducing the WBTC Liquidation Threshold on SparkLend on Mainnet.", + "discussionLink": "https://forum.sky.money/t/may-29-2025-proposed-changes-to-spark-for-upcoming-spell/26372", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1250, + "blockCreated": 22468112, + "startDate": "2025-05-12T16:00:00.000Z", + "endDate": "2025-05-15T16:00:00.000Z", + "multiHash": "QmUYRV1HkyfjztL2NCfv6Z2xX3vSG4kFZ988kNrShoy1GH", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Increase%20USDS%20Mint%20and%20USDC%20Swap%20Rate%20Limits%20-%20May%2012%2C%202025.md", + "slug": "QmUYRV1H", + "title": "Spark Liquidity Layer Mainnet - Increase USDS Mint and USDC Swap Rate Limits - May 12, 2025", + "summary": "Signal your support or opposition to increasing the USDS mint rate limit and the USDC swap rate limit for the Spark Liquidity Layer on Mainnet.", + "discussionLink": "https://forum.sky.money/t/may-29-2025-proposed-changes-to-spark-for-upcoming-spell/26372", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\nMore information on Rate Limits can be found here.
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1251, + "blockCreated": 22468117, + "startDate": "2025-05-12T16:00:00.000Z", + "endDate": "2025-05-15T16:00:00.000Z", + "multiHash": "QmVMBXm8duMHgZoVCLCkuFbVgN3uUMLqrt7jqvdkqZso7D", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20-%20Increase%20ALLOCATOR-SPARK-A%20Maximum%20Debt%20Ceiling%20-%20May%2012%2C%202025.md", + "slug": "QmVMBXm8", + "title": "Spark Liquidity Layer Mainnet - Increase ALLOCATOR-SPARK-A Maximum Debt Ceiling - May 12, 2025", + "summary": "Signal your support or opposition to increasing the ALLOCATOR-SPARK-A Maximum Debt Ceiling.", + "discussionLink": "https://forum.sky.money/t/may-29-2025-proposed-changes-to-spark-for-upcoming-spell/26372", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to the following changes:
\nline) by 5 billion USDS from 5 billion USDS to 10 billion USDS.Please review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1252, + "blockCreated": 22468122, + "startDate": "2025-05-12T16:00:00.000Z", + "endDate": "2025-05-15T16:00:00.000Z", + "multiHash": "QmfPc8UbKaEdb4qYXzej8WYVriee5SoZf1YP6MNkmjxjU2", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Base%20-%20Spark%20USDC%20Morpho%20Vault%20-%20Increase%20cbBTC%20Pool%20Supply%20Cap%20-%20May%2012%2C%202025.md", + "slug": "QmfPc8Ub", + "title": "Spark Liquidity Layer Base - Spark USDC Morpho Vault - Increase cbBTC Pool Supply Cap - May 12, 2025", + "summary": "Signal your support or opposition to increasing the cbBTC/USDC market Supply Cap in the Spark USDC Morpho vault which forms part of the Spark Liquidity Layer on Base.", + "discussionLink": "https://forum.sky.money/t/may-29-2025-proposed-changes-to-spark-for-upcoming-spell/26372", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to changing the cbBTC/USDC market Supply Cap in the Spark USDC Morpho Vault on Base with the following parameters:
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1253, + "blockCreated": 22468128, + "startDate": "2025-05-12T16:00:00.000Z", + "endDate": "2025-05-15T16:00:00.000Z", + "multiHash": "QmXjeJtwsm5iBQi3wtknuN2yQCsDmGm9XNcDqyUJoSaHwX", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20and%20Unichain%20-%20Onboard%20Unichain%20to%20the%20Spark%20Liquidity%20Layer%20-%20May%2012%2C%202025.md", + "slug": "QmXjeJtw", + "title": "Spark Liquidity Layer Mainnet and Unichain - Onboard Unichain to the Spark Liquidity Layer - May 12, 2025", + "summary": "Signal your support or opposition to onboarding Unichain to the Spark Liquidity Layer.", + "discussionLink": "https://forum.sky.money/t/may-29-2025-proposed-changes-to-spark-for-upcoming-spell/26372", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding Unichain to the Spark Liquidity Layer with the following addresses and parameters:
\nL1_TOKEN_BRIDGE: 0xDF0535a4C96c9Cd8921d8FeC92A7680b281681d2
\nL2_TOKEN_BRIDGE: 0xa13152006D0216Fe4627a0D3B006087A6a55D752
\nL1_SSR_FORWARDER: TO BE DEPLOYED
\nL2_SSR_RECEIVER: TO BE DEPLOYED
\nL2_SSR_AUTH_ORACLE: TO BE DEPLOYED
\nL2_GOV_RECEIVER: TO BE DEPLOYED
\nL2_GOV_EXECUTOR: TO BE DEPLOYED
\nL2_PSM: TO BE DEPLOYED
\nL2_ALM_PROXY: TO BE DEPLOYED
\nL2_ALM_CONTROLLER: TO BE DEPLOYED
\nL2_ALM_RATE_LIMITS: TO BE DEPLOYED
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] + }, + { + "creator": "0xdc7ee5da5d011bc98cf030968659f3ee92232843", + "pollId": 1254, + "blockCreated": 22468134, + "startDate": "2025-05-12T16:00:00.000Z", + "endDate": "2025-05-15T16:00:00.000Z", + "multiHash": "QmNe8ErmvFFHqg3TRmdJRbhnGUyEab2aeDJt5sTKxCtvFX", + "url": "https://raw.githubusercontent.com/makerdao/community/refs/heads/master/governance/polls/Spark%20Liquidity%20Layer%20Mainnet%20and%20OP%20Mainnet%20-%20Onboard%20OP%20Mainnet%20to%20the%20Spark%20Liquidity%20Layer%20-%20May%2012%2C%202025.md", + "slug": "QmNe8Erm", + "title": "Spark Liquidity Layer Mainnet and OP Mainnet - Onboard OP Mainnet to the Spark Liquidity Layer - May 12, 2025", + "summary": "Signal your support or opposition to onboarding OP Mainnet to the Spark Liquidity Layer.", + "discussionLink": "https://forum.sky.money/t/may-29-2025-proposed-changes-to-spark-for-upcoming-spell/26372", + "content": "The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 12 at 16:00 UTC.
\nThis is a binary vote.
\nThe community can vote in this poll to express support or opposition to onboarding OP Mainnet to the Spark Liquidity Layer with the following addresses and parameters:
\nL1_TOKEN_BRIDGE: 0x3d25B7d486caE1810374d37A48BCf0963c9B8057
\nL2_TOKEN_BRIDGE: 0x8F41DBF6b8498561Ce1d73AF16CD9C0d8eE20ba6
\nL1_SSR_FORWARDER: 0x6Ac25B8638767a3c27a65597A74792d599038724
\nL2_SSR_RECEIVER: 0xE2868095814c2714039b3A9eBEE035B9E2c411E5
\nL2_SSR_AUTH_ORACLE: 0x6E53585449142A5E6D5fC918AE6BEa341dC81C68
\nL2_GOV_RECEIVER: 0x61Baf0Ce69D23C8318c786e161D1cAc285AA4EA3
\nL2_GOV_EXECUTOR: 0x205216D89a00FeB2a73273ceecD297BAf89d576d
\nL2_ALM_PROXY: 0x876664f0c9Ff24D1aa355Ce9f1680AE1A5bf36fB
\nL2_ALM_CONTROLLER: 0x1d54A093b8FDdFcc6fBB411d9Af31D96e034B3D5
\nL2_ALM_RATE_LIMITS: 0x6B34A6B84444dC3Fc692821D5d077a1e4927342d
\nPlease review the discussion thread to help inform your position before voting.
\nIf the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
\nIf the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.
\nIf you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.
\nAdditional information about the Governance process can be found in the Operational Manual.
\nTo add current and upcoming votes to your calendar, please see the Governance Calendar.
", + "options": { + "0": "Abstain", + "1": "Yes", + "2": "No" + }, + "parameters": { + "inputFormat": { + "type": "single-choice", + "abstain": [ + 0 + ], + "options": [] + }, + "resultDisplay": "single-vote-breakdown", + "victoryConditions": [ + { + "type": "plurality" + } + ] + }, + "tags": [ + "high-impact", + "spark" + ] } ] \ No newline at end of file diff --git a/governance/polls/templates/MIPs/Budget Ratification Poll - $mip_code - $date_MONTH_DD,_YYYY.md b/governance/polls/templates/Archived - Not Updated/MIPs/Budget Ratification Poll - $mip_code - $date_MONTH_DD,_YYYY.md similarity index 100% rename from governance/polls/templates/MIPs/Budget Ratification Poll - $mip_code - $date_MONTH_DD,_YYYY.md rename to governance/polls/templates/Archived - Not Updated/MIPs/Budget Ratification Poll - $mip_code - $date_MONTH_DD,_YYYY.md diff --git a/governance/polls/templates/MIPs/Ratification Poll - $mip_code - $date_MONTH_DD,_YYYY.md b/governance/polls/templates/Archived - Not Updated/MIPs/Ratification Poll - $mip_code - $date_MONTH_DD,_YYYY.md similarity index 100% rename from governance/polls/templates/MIPs/Ratification Poll - $mip_code - $date_MONTH_DD,_YYYY.md rename to governance/polls/templates/Archived - Not Updated/MIPs/Ratification Poll - $mip_code - $date_MONTH_DD,_YYYY.md diff --git a/governance/polls/templates/MIPs/Ratification Poll - $mip_set - $date_MONTH_DD,_YYYY.md b/governance/polls/templates/Archived - Not Updated/MIPs/Ratification Poll - $mip_set - $date_MONTH_DD,_YYYY.md similarity index 100% rename from governance/polls/templates/MIPs/Ratification Poll - $mip_set - $date_MONTH_DD,_YYYY.md rename to governance/polls/templates/Archived - Not Updated/MIPs/Ratification Poll - $mip_set - $date_MONTH_DD,_YYYY.md diff --git a/governance/polls/templates/MIPs/Short Ratification Poll - $mip_code - $date_MONTH_DD,_YYYY.md b/governance/polls/templates/Archived - Not Updated/MIPs/Short Ratification Poll - $mip_code - $date_MONTH_DD,_YYYY.md similarity index 100% rename from governance/polls/templates/MIPs/Short Ratification Poll - $mip_code - $date_MONTH_DD,_YYYY.md rename to governance/polls/templates/Archived - Not Updated/MIPs/Short Ratification Poll - $mip_code - $date_MONTH_DD,_YYYY.md diff --git a/governance/polls/templates/Atlas/Atlas Edit Monthly Cycle Proposal - $date_MONTH_DD,_YYYY.md b/governance/polls/templates/Atlas/Atlas Edit Monthly Cycle Proposal - $date_MONTH_DD,_YYYY.md new file mode 100644 index 000000000..7fd28d1d3 --- /dev/null +++ b/governance/polls/templates/Atlas/Atlas Edit Monthly Cycle Proposal - $date_MONTH_DD,_YYYY.md @@ -0,0 +1,64 @@ +--- +title: Atlas Edit Monthly Cycle Proposal (AEP-$AEP_Number) - $date_MONTH_DD,_YYYY +summary: $sentence_summary +discussion_link: $discussion_link +parameters: + input_format: + type: single-choice + abstain: [0] + victory_conditions: + - { + type: 'and', + conditions: [ + { type : plurality }, + { type : comparison, comparator : '>=', value: 10000 } + ] + } + - {type : default, value : 2 } + result_display: single-vote-breakdown +version: v2.0.0 +options: + 0: Abstain + 1: Yes + 2: No +start_date: $YYYY-MM-DDT16:00:00 +end_date: $YYYY-MM-DDT16:00:00 +--- +# Atlas Edit Monthly Cycle Proposal (AEP-$AEP_Number) - $date_MONTH_DD,_YYYY + +The $poll_deployers have placed an [Atlas Edit Monthly Cycle Proposal](https://sky-atlas.powerhouse.io/A.1.11.2_Atlas_Edit_Monthly_Cycle/430185a5-fa5d-4664-89cf-21c9e6cfc109%7C0db3326e) into the [voting system](https://vote.makerdao.com/polling). This Governance Poll will be active for fourteen days beginning on $date_DAY,_MONTH_DD at 16:00 UTC. + +**This is a binary vote.** + +- **You may vote for a single option.** +- **You should vote for the option which you prefer.** +- **If you would accept either option, you should vote 'Abstain'.** + +## Review + +The community may vote in this poll to express support or opposition to the following Atlas Edit Monthly Cycle Proposal: + +- [Atlas Edit Pull Request]($Pull_Request_link) +- [Proposal Discussion Thread]($discussion_link) + +A brief summary of this Atlas Edit has been provided by the Author and is shown below: + +*$paragraph_summary* + +## Outcomes + +This poll implements a **Minimum Positive Participation** value. The Minimum Positive Participation for Atlas Edit Monthly Cycle Proposals is currently set to **10,000 MKR**. + +**If the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 10,000 MKR, then the following action will be taken:** + +- The associated Pull Request will be merged into The Atlas. + +--- + +## Resources + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/polls/templates/Atlas/Atlas Edit Weekly Cycle Proposal - $date_MONTH_DD,_YYYY.md b/governance/polls/templates/Atlas/Atlas Edit Weekly Cycle Proposal - $date_MONTH_DD,_YYYY.md new file mode 100644 index 000000000..2b31ad467 --- /dev/null +++ b/governance/polls/templates/Atlas/Atlas Edit Weekly Cycle Proposal - $date_MONTH_DD,_YYYY.md @@ -0,0 +1,64 @@ +--- +title: Atlas Edit Weekly Cycle Proposal - $date_MONTH_DD,_YYYY +summary: $sentence_summary +discussion_link: $discussion_link +parameters: + input_format: + type: single-choice + abstain: [0] + victory_conditions: + - { + type: 'and', + conditions: [ + { type : plurality }, + { type : comparison, comparator : '>=', value: 20000 } + ] + } + - {type : default, value : 2 } + result_display: single-vote-breakdown +version: v2.0.0 +options: + 0: Abstain + 1: Yes + 2: No +start_date: $YYYY-MM-DDT16:00:00 +end_date: $YYYY-MM-DDT16:00:00 +--- +# Atlas Edit Weekly Cycle Proposal - $date_MONTH_DD,_YYYY + +The $poll_deployers have placed an [Atlas Edit Weekly Cycle Proposal](https://sky-atlas.powerhouse.io/#A.1.9.2_Atlas_Edit_Weekly_Cycle-4a8ad9ad-5c5d-4994-9b46-f04c0e61ce59|0db30308) into the [voting system](https://vote.makerdao.com/polling) [on behalf of Prime Delegate $Delegate_Name]($link). This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.2_Atlas_Edit_Weekly_Cycle-4a8ad9ad-5c5d-4994-9b46-f04c0e61ce59%7C0db30308) will be active for three days beginning on $date_DAY,_MONTH_DD at 16:00 UTC. + +**This is a binary vote.** + +- **You may vote for a single option.** +- **You should vote for the option which you prefer.** +- **If you would accept either option, you should vote 'Abstain'.** + +## Review + +The community may vote in this poll to express support or opposition to the following Atlas Edit Weekly Cycle Proposal: + +- [Atlas Edit Pull Request]($Pull_Request_link) +- [Proposal Discussion Thread]($discussion_link) + +A brief summary of this Atlas Edit has been provided by the Author and is shown below: + +*$paragraph_summary* + +## Outcomes + +This poll implements a **Minimum Positive Participation** value. The Minimum Positive Participation for Atlas Edit Weekly Cycle Proposals is currently set to **20,000 MKR**. + +**If the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option equal or exceed 20,000 MKR, then the following actions will be taken:** + +- The associated Pull Request will be merged into The Atlas. + +--- + +## Resources + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/polls/templates/Generic/$GenericApprovalWithMajority - $date_MONTH_DD,_YYYY.md b/governance/polls/templates/Generic/$GenericApprovalWithMajority - $date_MONTH_DD,_YYYY.md index f7d426842..8b96453d2 100644 --- a/governance/polls/templates/Generic/$GenericApprovalWithMajority - $date_MONTH_DD,_YYYY.md +++ b/governance/polls/templates/Generic/$GenericApprovalWithMajority - $date_MONTH_DD,_YYYY.md @@ -27,9 +27,10 @@ end_date: $YYYY-MM-DDT16:00:00 --- # Poll:$GenericChange - $date_MONTH_DD,_YYYY -The $poll_deployers have placed a Governance Poll into the voting system on behalf of the $poll_source. This Governance [Poll](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on $date_DAY,_MONTH_DD at 16:00 UTC. +The $poll_deployers have placed a Governance Poll into the voting system on behalf of the $poll_source. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211%7C0db30308) will be active for three days beginning on $date_DAY,_MONTH_DD at 16:00 UTC. **This is an approval vote to select a single winning outcome.** + - **You may vote for multiple options.** - **You should select all the options that you would support in an executive vote.** - **Unselected options signal that you do not approve of those options and would not support the option(s) in an executive vote.** @@ -38,18 +39,20 @@ The $poll_deployers have placed a Governance Poll into the voting system on beha ## Review The community can vote in this poll to express support or opposition to the following changes: -* $GenericChangeA -* $GenericChangeB -* $GenericChangeC + +- $GenericChangeA +- $GenericChangeB +- $GenericChangeC Please review the discussion [thread]($discussion_link) to help inform your position before voting. ## Outcomes **The winner of this vote requires an overall majority of votes to support it. The non-`Abstain` option with the most votes AND the support of a majority of votes is deemed the winner and the following actions will be taken:** -* This change will be included in an upcoming Executive Vote. -* It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors. -* If the Executive Vote passes, then these changes will become active in the Maker Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired. + +- This change will be included in an upcoming Executive Vote. +- It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors. +- If the Executive Vote passes, then these changes will become active in the Sky Protocol after the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.9.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) has expired. **If the condition above is not met, then no further action will be taken at this time.** @@ -57,9 +60,9 @@ Please review the discussion [thread]($discussion_link) to help inform your posi ## Resources -If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. -Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). -To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). +To add current and upcoming votes to your calendar, please see the [Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/polls/templates/Generic/$GenericApprovalWithoutMajority - $date_MONTH_DD,_YYYY.md b/governance/polls/templates/Generic/$GenericApprovalWithoutMajority - $date_MONTH_DD,_YYYY.md index 8dab9a5b0..903b37b03 100644 --- a/governance/polls/templates/Generic/$GenericApprovalWithoutMajority - $date_MONTH_DD,_YYYY.md +++ b/governance/polls/templates/Generic/$GenericApprovalWithoutMajority - $date_MONTH_DD,_YYYY.md @@ -20,9 +20,10 @@ end_date: $YYYY-MM-DDT16:00:00 --- # Poll:$GenericChange - $date_MONTH_DD,_YYYY -The $poll_deployers have placed a Governance Poll into the voting system on behalf of the $poll_source. This Governance [Poll](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on $date_DAY,_MONTH_DD at 16:00 UTC. +The $poll_deployers have placed a Governance Poll into the voting system on behalf of the $poll_source. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211%7C0db30308) will be active for three days beginning on $date_DAY,_MONTH_DD at 16:00 UTC. **This is an approval vote to select a single winning outcome.** + - **You may vote for multiple options.** - **You should select all the options that you would support in an executive vote.** - **Unselected options signal that you do not approve of those options and would not support the option(s) in an executive vote.** @@ -31,26 +32,28 @@ The $poll_deployers have placed a Governance Poll into the voting system on beha ## Review The community can vote in this poll to express support or opposition to the following changes: -* $GenericChangeA -* $GenericChangeB -* $GenericChangeC + +- $GenericChangeA +- $GenericChangeB +- $GenericChangeC Please review the discussion [thread]($discussion_link) to help inform your position before voting. ## Outcomes **The non-'Abstain' option with the most votes is deemed the winner, if it represents a change from the status quo the following actions will be taken:** -* This change will be included in an upcoming Executive Vote. -* It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors. -* If the Executive Vote passes, then these changes will become active in the Maker Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired. + +- This change will be included in an upcoming Executive Vote. +- It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors. +- If the Executive Vote passes, then these changes will become active in the Sky Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired. --- ## Resources -If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. -Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). -To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). +To add current and upcoming votes to your calendar, please see the [Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/polls/templates/Generic/$GenericBinary - $date_MONTH_DD,_YYYY.md b/governance/polls/templates/Generic/$GenericBinary - $date_MONTH_DD,_YYYY.md index bc8d4c33b..f568f0867 100644 --- a/governance/polls/templates/Generic/$GenericBinary - $date_MONTH_DD,_YYYY.md +++ b/governance/polls/templates/Generic/$GenericBinary - $date_MONTH_DD,_YYYY.md @@ -17,9 +17,10 @@ end_date: $YYYY-MM-DDT16:00:00 --- # Poll:$GenericChange - $date_MONTH_DD,_YYYY -The $poll_deployers have placed a Governance Poll into the voting system on behalf of $poll_source. This Governance [Poll](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on $date_DAY,_MONTH_DD at 16:00 UTC. +The $poll_deployers have placed a Governance Poll into the voting system on behalf of $poll_source. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211%7C0db30308) will be active for three days beginning on $date_DAY,_MONTH_DD at 16:00 UTC. **This is a binary vote.** + - **You may vote for a single option.** - **You should vote for the option which you prefer.** - **If you would accept either option, you should vote 'Abstain'.** @@ -27,17 +28,19 @@ The $poll_deployers have placed a Governance Poll into the voting system on beha ## Review The community can vote in this poll to express support or opposition to the following changes: -* $GenericChangeA -* $GenericChangeB + +- $GenericChangeA +- $GenericChangeB Please review the discussion [thread]($discussion_link) to help inform your position before voting. ## Outcomes **If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:** -* This change will be included in an upcoming Executive Vote. -* It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors. -* If the Executive Vote passes, then these changes will become active in the Maker Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired. + +- This change will be included in an upcoming Executive Vote. +- It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors. +- If the Executive Vote passes, then these changes will become active in the Sky Protocol after the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.9.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) has expired. **If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.** @@ -45,8 +48,8 @@ Please review the discussion [thread]($discussion_link) to help inform your posi ## Resources -If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. -Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). -To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). +To add current and upcoming votes to your calendar, please see the [Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/polls/templates/Generic/$GenericIRV - $date_MONTH_DD,_YYYY.md b/governance/polls/templates/Generic/$GenericIRV - $date_MONTH_DD,_YYYY.md index 0e5ab963d..f6497398c 100644 --- a/governance/polls/templates/Generic/$GenericIRV - $date_MONTH_DD,_YYYY.md +++ b/governance/polls/templates/Generic/$GenericIRV - $date_MONTH_DD,_YYYY.md @@ -19,9 +19,10 @@ end_date: $YYYY-MM-DDT16:00:00 --- # Poll:$GenericChange - $date_MONTH_DD,_YYYY -The $poll_deployers have placed a Governance Poll into the voting system on behalf of $poll_source. This Governance [Poll](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on $date_DAY,_MONTH_DD at 16:00 UTC. +The $poll_deployers have placed a Governance Poll into the voting system on behalf of $poll_source. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211%7C0db30308) will be active for three days beginning on $date_DAY,_MONTH_DD at 16:00 UTC. **This is an instant-runoff vote.** + - **You may rank any number of options that you would support in an executive vote.** - **Unranked options signal that you would not support the option(s) in an executive vote.** - **If you have no preference to any of the listed options, you should vote 'Abstain' as your first and only choice.** @@ -29,19 +30,21 @@ The $poll_deployers have placed a Governance Poll into the voting system on beha ## Review The community can vote in this poll to rank their support of the following options: -* $A_Detailed -* $B_Detailed -* $C_Detailed -* $D_Detailed + +- $A_Detailed +- $B_Detailed +- $C_Detailed +- $D_Detailed Please review the discussion [thread]($discussion_link) to help inform your position before voting. ## Outcomes **If a non-'Abstain' option receives more votes than each other option (excluding 'Abstain') and the votes for that option exceed 50% of the total votes cast then that option is deemed the winner and the following actions will be taken:** -* If the winner represents a change from the status quo, this change will be included in an upcoming Executive Vote. -* It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors. -* If the Executive Vote passes, then these changes will become active in the Maker Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired. + +- If the winner represents a change from the status quo, this change will be included in an upcoming Executive Vote. +- It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors. +- If the Executive Vote passes, then these changes will become active in the Sky Protocol after the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.9.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) has expired. **If no option has enough votes to exceed 50% of the total votes cast, then no further actions will be taken at this time.** @@ -49,8 +52,8 @@ Please review the discussion [thread]($discussion_link) to help inform your posi ## Resources -If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. -Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). -To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). +To add current and upcoming votes to your calendar, please see the [Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/polls/templates/Generic/$GenericPlurality - $date_MONTH_DD,_YYYY.md b/governance/polls/templates/Generic/$GenericPlurality - $date_MONTH_DD,_YYYY.md index d6d0f0df4..1e78541b3 100644 --- a/governance/polls/templates/Generic/$GenericPlurality - $date_MONTH_DD,_YYYY.md +++ b/governance/polls/templates/Generic/$GenericPlurality - $date_MONTH_DD,_YYYY.md @@ -19,9 +19,10 @@ end_date: $YYYY-MM-DDT16:00:00 --- # Poll: $GenericChange - $date_MONTH_DD,_YYYY -The $poll_deployers have placed a Governance Poll into the voting system on behalf of $poll_source. This Governance [Poll](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on $date_DAY,_MONTH_DD at 16:00 UTC. +The $poll_deployers have placed a Governance Poll into the voting system on behalf of $poll_source. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211%7C0db30308) will be active for three days beginning on $date_DAY,_MONTH_DD at 16:00 UTC. **This is a plurality vote.** + - **You may vote for a single option.** - **You should vote for the option that you prefer.** - **If you would accept any of the options you should vote 'Abstain'.** @@ -29,26 +30,28 @@ The $poll_deployers have placed a Governance Poll into the voting system on beha ## Review The community can vote in this poll to express support for one of the following options: -* $A_Detailed -* $B_Detailed -* $C_Detailed -* $D_Detailed + +- $A_Detailed +- $B_Detailed +- $C_Detailed +- $D_Detailed Please review the discussion [thread]($discussion_link) to help inform your position before voting. ## Outcomes **The non-'Abstain' option with the most votes is deemed the winner and the following actions will be taken:** -* If the winner represents a change from the status quo, this change will be included in an upcoming Executive Vote. -* It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors. -* If the Executive Vote passes, then these changes will become active in the Maker Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired. + +- If the winner represents a change from the status quo, this change will be included in an upcoming Executive Vote. +- It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors. +- If the Executive Vote passes, then these changes will become active in the Sky Protocol after the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.9.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) has expired. --- ## Resources -If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. -Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). -To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). +To add current and upcoming votes to your calendar, please see the [Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive Vote - April 30, 2025.md b/governance/votes/Executive Vote - April 30, 2025.md new file mode 100644 index 000000000..c3acf33f2 --- /dev/null +++ b/governance/votes/Executive Vote - April 30, 2025.md @@ -0,0 +1,239 @@ +--- +title: Template - [Executive Vote] STAR2 Allocation System Updates, Increase GSM Pause Delay, Add Emergency Spell to Chainlog, Top-up of the Integration Boost, Launch Project Funding, Spark Proxy Spell, STAR2 Proxy Spell - April 30, 2025 +summary: Update STAR2 Allocation Parameters for Technical Test, Increase the GSM Pause Delay, Add EMSP_SPBEAM_HALT to the Chainlog, Transfer funds for Integration Boost, Transfer funds for Launch Project, Execute Spark proxy Spell, Execute STAR2 proxy spell. +date: 2025-04-30T00:00:00.000Z +address: "0x039DCA7EBb7d7EEcFe9449211109A72DD988Bd81" + +--- +# [Executive Proposal] STAR2 Allocation System Updates, Increase GSM Pause Delay, Add Emergency Spell to Chainlog, Top-up of the Integration Boost, Launch Project Funding, Spark Proxy Spell, STAR2 Proxy Spell - April 30, 2025 + +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- STAR2 Allocation System will be updated as described below. +- The [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055) will be increased. +- EMSP_SPBEAM_HALT Standby Spell at [0xDECF4A7E4b9CAa3c3751D163866941a888618Ac0](https://etherscan.io/address/0xDECF4A7E4b9CAa3c3751D163866941a888618Ac0) will be added to the [Chainlog](https://chainlog.sky.money). +- **3 million USDS** will be transferred to top up the Integration Boost at [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7). +- **5 million USDS** and **30 million SKY** will be transferred to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). +- A Spark proxy spell at [0x9362B8a15ab78257b11a55F7CC272F4C4676C2fe](https://etherscan.io/address/0x9362B8a15ab78257b11a55F7CC272F4C4676C2fe) will be executed. +- A STAR2 proxy spell at [0x0c9CC5D5fF3baf096d29676039BD6fB94586111A](https://etherscan.io/address/0x0c9CC5D5fF3baf096d29676039BD6fB94586111A) will be executed. + + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**18 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### STAR2 Allocation System Updates + +- **Authorization**: Governance [Poll 1235](https://vote.makerdao.com/polling/QmepaQjk), [Poll 1243](https://vote.makerdao.com/polling/QmedB3hH) +- **Proposal**: [Forum Post](https://forum.sky.money/t/technical-test-of-the-star2-allocation-system/26289) + +If this executive proposal passes, then the following updates to the STAR2 Allocation System will be made. + +#### Whitelist STAR2 ALMProxy + +The STAR2 ALMProxy will be whitelisted on the LitePSM by performing the following call: + +- `MCD_LITE_PSM_USDC_A.kiss(0x491EDFB0B8b608044e227225C715981a30F3A44E)` + +#### STAR2 [Debt Ceiling Instant Access Module](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.4_Debt_Ceiling_Instant_Access_Module_(DC_IAM)/071d42e3-8a21-4401-852e-0b52c49768bb%7C57eaf45219bea3b430c2) Changes + +- Increase ALLOCATOR-BLOOM-A [DC-IAM `gap`](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.4.2_Target_Available_Debt_(gap)/c1e17312-3744-4360-81f4-03564f0dd09d%7C57eaf45219bea3b430c268bb) by 40 million DAI from 10 million DAI to **50 million DAI**. +- Increase ALLOCATOR-BLOOM-A [DC-IAM `line`](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.4.1_Maximum_Debt_Ceiling_(line)/6f1a913d-9436-4b70-816b-e317672737d6%7C57eaf45219bea3b430c268bb) by 90 million DAI from 10 million DAI to **100 million DAI**. + +### Increase the GSM Pause Delay + +- **Authorization**: [Governance Poll 1243](https://vote.makerdao.com/polling/QmedB3hH) +- **Proposal**: [Forum Post](https://forum.sky.money/t/parameter-changes-poll-april-21-2025/26290) + +If this executive proposal passes, then [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055) will be increased by 30 hours from 18 hours to **48 hours**. + +### Add Emergency Standby Spell to Chainlog + +- **Authorization**: [Protocol Facilitator Approval](http://forum.sky.money/t/proposed-housekeeping-item-upcoming-executive-spell-2025-04-30/26304/3) +- **Proposal**: [Forum Post](https://forum.sky.money/t/proposed-housekeeping-item-upcoming-executive-spell-2025-04-30/26304) + +If this executive proposal passes, then the EMSP_SPBEAM_HALT Standby Spell at [0xDECF4A7E4b9CAa3c3751D163866941a888618Ac0](https://etherscan.io/address/0xDECF4A7E4b9CAa3c3751D163866941a888618Ac0) will be added to the [Chainlog](https://chainlog.sky.money). + +### Top-up of the Integration Boost + +- **Authorization**: [Atlas - Integration Boost Primitive](https://sky-atlas.powerhouse.io/A.AG1.2.5.P13_Integration_Boost_Primitive/1c1f2ff0-8d73-81de-9e4f-c86f07474bf2%7C7896ed3326389fe3185c6795) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-integration-boost-budget-a-5-2-1-2/25536/10) + +If this executive proposal passes, then the following Integration Boost funding distribution will be made: + +- Transfer **3 million USDS** to [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7). + +### Launch Project Funding + +- **Authorization**: [Atlas - Launch Project](https://sky-atlas.powerhouse.io/A.5.6_Launch_Project/1f433d9d-7cdb-406f-b7e8-f9bc4855eb77%7C8d5a) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/37) + +If this executive proposal passes, then the following [Launch Project](https://sky-atlas.powerhouse.io/A.5.5_Launch_Project/1f433d9d-7cdb-406f-b7e8-f9bc4855eb77|8d5a) funding distributions will be made: + +- Transfer **5 million USDS** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). +- Transfer **30 million SKY** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). + +### Spark Proxy Spell + +If this executive proposal passes, then a Spark Proxy Spell will be executed at [0x9362B8a15ab78257b11a55F7CC272F4C4676C2fe](https://etherscan.io/address/0x9362B8a15ab78257b11a55F7CC272F4C4676C2fe) with the following contents. + +#### Spark Liquidity Layer Mainnet - Onboard Aave Core USDT + +- **Authorization**: [Governance Poll 1236](https://vote.makerdao.com/polling/QmQM99z5) +- **Proposal**: [Forum Post](https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288) + +Onboard Aave Core USDT to the Spark Liquidity Layer on Mainnet with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- Deposits + - `Max amount`: **50 million USDT** + - `Slope`: **25 million USDT per day** +- Withdrawals + - `Max amount`: **Unlimited** + +You can read more about Aave Core in this [forum post by BA Labs](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760/7#p-100382-mainnet-spark-liquidity-layer-onboard-aave-v3-main-market-usdc-and-usds-9). + +#### Spark Liquidity Layer Mainnet - Onboard SparkLend USDT + +- **Authorization**: [Governance Poll 1237](https://vote.makerdao.com/polling/QmfJ5yDF) +- **Proposal**: [Forum Post](https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288) + +Onboard SparkLend USDT to the Spark Liquidity Layer on Mainnet with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- Deposits + - `Max amount`: **100 million USDT** + - `Slope`: **50 million USDT per day** +- Withdrawals + - `Max amount`: **Unlimited** + +#### SparkLend Ethereum - Adjust USDT Cap Automator Parameters + +- **Authorization**: [Governance Poll 1238](https://vote.makerdao.com/polling/QmZ2vydY) +- **Proposal**: [Forum Post](https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288) + +Adjust the USDT [Cap Automator parameters](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.3_SparkLend_Risk_Parameters_Cap_Automators/1c1f2ff0-8d73-81ec-bc16-e2f85c0765d7%7C7896ed3326389fe3553030cd0a82f68e) on SparkLend Ethereum as follows: + +- Supply cap + - `gap`: Set to **100 million USDT**. + - `max`: Increase by 470 million USDT from 30 million USDT to **500 million USDT**. +- Borrow cap + - `gap`: Increase by 47 million USDT from 3 million USDT to **50 million USDT**. + - `max`: Increase by 421.5 million USDT from 28.5 million USDT to **450 million USDT**. + - `ttl`: Keep unchanged at **12 hours**. + +#### SparkLend Ethereum - Update DAI Interest Rate Model + +- **Authorization**: [Governance Poll 1239](https://vote.makerdao.com/polling/Qmdc28Ag) +- **Proposal**: [Forum Post](https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288) + +Update the DAI [Interest Rate Model](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.3_Interest_Rate_Model_Definition/1c1f2ff0-8d73-81dd-99c0-fc707ce48e01%7C7896ed3326389fe3553030cd0a82f68efd49) as follows: + +- [Base rate](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.13_Base_Rate_Definition/1c1f2ff0-8d73-81c1-9b9b-ef4b84c1450f%7C7896ed3326389fe3553030cd0a82f68efd49): Set to **SSR value**. +- [Slope 1](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.15_Slope_1_Definition/1c1f2ff0-8d73-81be-9f17-d7d4bfc6cb59%7C7896ed3326389fe3553030cd0a82f68efd49): Set to **0.75%**. +- [Slope 2](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.17_Slope_2_Definition/1c1f2ff0-8d73-8199-aa99-dde95c3f7130%7C7896ed3326389fe3553030cd0a82f68efd49): Set to **15%**. +- [Optimal utilization](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.11_Optimal_Utilization_Definition/1c1f2ff0-8d73-8173-a52b-d6f86efd3366%7C7896ed3326389fe3553030cd0a82f68efd49): Set to **80%**. + +#### SparkLend Ethereum - Update USDC Interest Rate Model + +- **Authorization**: [Governance Poll 1240](https://vote.makerdao.com/polling/Qmee2jez) +- **Proposal**: [Forum Post](https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288) + +Update the USDC [Interest Rate Model](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.3_Interest_Rate_Model_Definition/1c1f2ff0-8d73-81dd-99c0-fc707ce48e01%7C7896ed3326389fe3553030cd0a82f68efd49) as follows: + +- [Base rate](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.13_Base_Rate_Definition/1c1f2ff0-8d73-81c1-9b9b-ef4b84c1450f%7C7896ed3326389fe3553030cd0a82f68efd49): Keep unchanged at **0%**. +- [Slope 1](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.15_Slope_1_Definition/1c1f2ff0-8d73-81be-9f17-d7d4bfc6cb59%7C7896ed3326389fe3553030cd0a82f68efd49): Reduce by 1.33 percentage points from 6.83% to **5.50%** (SSR + 1%). +- [Slope 2](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.17_Slope_2_Definition/1c1f2ff0-8d73-8199-aa99-dde95c3f7130%7C7896ed3326389fe3553030cd0a82f68efd49): Keep unchanged at **15%**. +- [Optimal utilization](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.11_Optimal_Utilization_Definition/1c1f2ff0-8d73-8173-a52b-d6f86efd3366%7C7896ed3326389fe3553030cd0a82f68efd49): Keep unchanged at **95%**. + +#### SparkLend Ethereum - Update USDS Interest Rate Model + +- **Authorization**: [Governance Poll 1241](https://vote.makerdao.com/polling/QmeNB8S1) +- **Proposal**: [Forum Post](https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288) + +Update the USDS [Interest Rate Model](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.3_Interest_Rate_Model_Definition/1c1f2ff0-8d73-81dd-99c0-fc707ce48e01%7C7896ed3326389fe3553030cd0a82f68efd49) as follows: + +- [Base rate](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.13_Base_Rate_Definition/1c1f2ff0-8d73-81c1-9b9b-ef4b84c1450f%7C7896ed3326389fe3553030cd0a82f68efd49): Set to **SSR value**. +- [Slope 1](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.15_Slope_1_Definition/1c1f2ff0-8d73-81be-9f17-d7d4bfc6cb59%7C7896ed3326389fe3553030cd0a82f68efd49): Increase by 0.75 percentage points from 0% to **0.75%**. +- [Slope 2](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.17_Slope_2_Definition/1c1f2ff0-8d73-8199-aa99-dde95c3f7130%7C7896ed3326389fe3553030cd0a82f68efd49): Reduce by 5 percentage points from 20% to **15%**. +- [Optimal utilization](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.11_Optimal_Utilization_Definition/1c1f2ff0-8d73-8173-a52b-d6f86efd3366%7C7896ed3326389fe3553030cd0a82f68efd49): Reduce by 15 percentage points from 95% to **80%**. + +#### SparkLend Ethereum - Update USDT Interest Rate Model + +- **Authorization**: [Governance Poll 1242](https://vote.makerdao.com/polling/QmfBmrxq) +- **Proposal**: [Forum Post](https://forum.sky.money/t/may-1-2025-proposed-changes-to-spark-for-upcoming-spell/26288) + +Update the USDT [Interest Rate Model](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.3_Interest_Rate_Model_Definition/1c1f2ff0-8d73-81dd-99c0-fc707ce48e01%7C7896ed3326389fe3553030cd0a82f68efd49) as follows: + +- [Base rate](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.13_Base_Rate_Definition/1c1f2ff0-8d73-81c1-9b9b-ef4b84c1450f%7C7896ed3326389fe3553030cd0a82f68efd49): Keep unchanged at **0%**. +- [Slope 1](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.15_Slope_1_Definition/1c1f2ff0-8d73-81be-9f17-d7d4bfc6cb59%7C7896ed3326389fe3553030cd0a82f68efd49): Update to **SSR value plus 1%**. +- [Slope 2](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.17_Slope_2_Definition/1c1f2ff0-8d73-8199-aa99-dde95c3f7130%7C7896ed3326389fe3553030cd0a82f68efd49): Keep unchanged at **15%**. +- [Optimal utilization](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.11_Optimal_Utilization_Definition/1c1f2ff0-8d73-8173-a52b-d6f86efd3366%7C7896ed3326389fe3553030cd0a82f68efd49): Keep unchanged at **95%**. + +### STAR2 Proxy Spell + +If this executive proposal passes, then a STAR2 Proxy Spell will be executed at [0x0c9CC5D5fF3baf096d29676039BD6fB94586111A](https://etherscan.io/address/0x0c9CC5D5fF3baf096d29676039BD6fB94586111A) with the following contents. + +#### Activate STAR2 Liquidity Layer on Mainnet + +- **Authorization**: [Governance Poll 1235](https://vote.makerdao.com/polling/QmepaQjk) +- **Proposal**: [Forum Post](https://forum.sky.money/t/technical-test-of-the-star2-allocation-system/26289) + +Activate STAR2 Liquidity Layer on Mainnet with the following parameters. + +##### Pre-deployed contracts + +| Contract Name | Address | +| ------------- | ------- | +| **ALMProxy** | [`0x491EDFB0B8b608044e227225C715981a30F3A44E`](https://etherscan.io/address/0x491EDFB0B8b608044e227225C715981a30F3A44E#code) | +| **MainnetController** | [`0x3048386E09c72C20FB268a37d2B630D7f2Ee9138`](https://etherscan.io/address/0x3048386E09c72C20FB268a37d2B630D7f2Ee9138#code) | +| **RateLimits** | [`0x5F5cfCB8a463868E37Ab27B5eFF3ba02112dF19a`](https://etherscan.io/address/0x5F5cfCB8a463868E37Ab27B5eFF3ba02112dF19a#code) | +| **ALMRelayer** (SafeProxy) | [`0x0eEC86649E756a23CBc68d9EFEd756f16aD5F85f`](https://etherscan.io/address/0x0eEC86649E756a23CBc68d9EFEd756f16aD5F85f#code) | +| **ALMFreezer** (SafeProxy) | [`0xB0113804960345fd0a245788b3423319c86940e5`](https://etherscan.io/address/0xB0113804960345fd0a245788b3423319c86940e5#code) | + +All deployments were [verified by ChainSecurity](https://github.com/ChainSecurity/dv-files/tree/main/sky/bloom-alm-controller). + +##### Initial Parameters for the Test + +On-chain parameters for the STAR2 Liquidity Layer for initial activation. + +| Parameter | Max Amount | Slope (Tokens/Day) | +| --------- | ---------- | ------------------ | +| LIMIT_USDS_MINT | 100 million | 50 million | +| LIMIT_USDS_TO_USDC | 100 million | 50 million | + +##### Liquidity Layer + +To test the recently deployed STAR2 Liquidity Layer, the STAR2 team proposes to onboard Centrifuge 7540 Vault and conduct a test deployment of 100,000 USDC with the following parameters: + +- Deposits + - `Max amount`: **100 million USDC** + - `Slope`: **50 million USDC** +- Withdrawals + - `Max amount`: **Unlimited** + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive Vote - April 4, 2024.md b/governance/votes/Executive Vote - April 4, 2024.md new file mode 100644 index 000000000..6755aa6e5 --- /dev/null +++ b/governance/votes/Executive Vote - April 4, 2024.md @@ -0,0 +1,115 @@ +--- +title: Template - [Executive Vote] Increase GSM Pause Delay, Increase Spark MetaMorpho Vault Maximum Debt Ceiling, Add Native Vaults to Debt Ceiling Breaker, SparkLend Proxy Spell, and TACO Resolutions - April 4, 2024 +summary: Increase the Governance Security Module Pause Delay, increase Spark MetaMorpho Maximum Debt Ceiling, add native vaults to Debt Ceiling Breaker, Trigger SparkLend Proxy Spell, and approve BT Project Ethena Resolutions. +date: 2024-04-04T00:00:00.000Z +address: "0x016e2848993CFbC952a93BA3D496162Afe703cA8" + +--- +# [Executive Proposal] Increase GSM Pause Delay, Increase Spark MetaMorpho Vault Maximum Debt Ceiling, Add Native Vaults to Debt Ceiling Breaker, SparkLend Proxy Spell, and TACO Resolutions - April 4, 2024 + +The Governance Facilitators, SideStream, Dewiz, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following actions will occur within the Maker Protocol: + +- The [Governance Security Module (GSM) Pause Delay](https://mips.makerdao.com/mips/details/MIP113#10-1-gsm-governance-security-module-pause-delay) will be increased to **30 hours**. +- Spark MetaMorpho Vault DDM [Maximum Debt Ceiling (line)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-1-maximum-debt-ceiling-line-) will be increased to **1 billion DAI**. +- Native Vault Engine ilks will be added to the [Debt Ceiling Breaker (LINE_MOM)](https://mips.makerdao.com/mips/details/MIP113#10-2-3-debt-ceiling-breaker) as detailed below. +- A SparkLend Proxy Spell [0x7748C5E6EEda836247F2AfCd5a7c0dA3c5de9Da2](https://etherscan.io/address/0x7748c5e6eeda836247f2afcd5a7c0da3c5de9da2) will be triggered. +- [A set of TACO Resolutions](https://gateway.pinata.cloud/ipfs/QmUarSLBgfvCK5Mco2QS8UraSqwxWtK5jKiEbxDYxE1C4A) for BT Project Ethena will be approved. + +**Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.** + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **16 hours**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### [Governance Pause Delay (GSM)](https://mips.makerdao.com/mips/details/MIP113#10-1-gsm-governance-security-module-pause-delay) Increase + +- **Authorization:** [Poll](https://vote.makerdao.com/polling/QmcLsYwj) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/gsm-pause-delay-increase-proposal/23929) + +If this executive proposal passes, The Governance Pause Delay (GSM) will be increased by 14 hours, from 16 to **30 hours**. + +### Spark MetaMorpho Vault DDM [Maximum Debt Ceiling (line)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-1-maximum-debt-ceiling-line-) Increase + +- **Authorization:** [Forum Post](https://forum.makerdao.com/t/morpho-spark-dai-vault-update-1-april-2024/24006/9) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/morpho-spark-dai-vault-update-1-april-2024/24006) + +If this executive proposal passes, the Spark MetaMorpho Vault DDM Maximum Debt Ceiling (line) will increase by 900 million DAI, from 100 million DAI to **1 billion DAI**. + +### Add ilks to [Debt Ceiling Breaker (LINE_MOM)](https://mips.makerdao.com/mips/details/MIP113#10-2-3-debt-ceiling-breaker) + +- **Authorization:** [Poll](https://vote.makerdao.com/polling/QmZsAM36#vote-breakdown) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/gov12-1-2-bootstrapping-edit-proposal-gov10-2-3-1a-edit/24005) + +If this executive proposal passes, the following ilks will be added to the Debt Ceiling Breaker (LINE_MOM): + +* ETH-A +* ETH-B +* ETH-C +* WSTETH-A +* WSTETH-B +* WBTC-A +* WBTC-B +* WBTC-C + +### Trigger SparkLend Proxy Spell + +- **Authorization:** Polls: [1](https://vote.makerdao.com/polling/QmdjqTvL), [2](https://vote.makerdao.com/polling/QmaEqEav), [3](https://vote.makerdao.com/polling/QmbCWUAP). [Forum Post](https://forum.makerdao.com/t/morpho-spark-dai-vault-update-1-april-2024/24006/9) +- **Proposal:** Forum posts: [1](https://forum.makerdao.com/t/mar-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/23918), [2](https://forum.makerdao.com/t/morpho-spark-dai-vault-update-1-april-2024/24006) + +If this executive proposal passes, the SparkLend Proxy spell at [0x7748C5E6EEda836247F2AfCd5a7c0dA3c5de9Da2](https://etherscan.io/address/0x7748c5e6eeda836247f2afcd5a7c0da3c5de9da2) will be executed. The expected contents of this are: + +#### Increase ETH Borrow Cap `gap` Parameter + +Increases [ETH Market](https://app.spark.fi/reserve-overview/?underlyingAsset=0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2&marketName=proto_spark_v3) borrow cap `gap` parameter by 10,000 ETH from 10,000 ETH to **20,000 ETH** + +#### Increase WBTC Supply Cap `max` Parameter + +Increases [WBTC market](https://app.spark.fi/reserve-overview/?underlyingAsset=0x2260fac5e5542a773aa44fbcfedf7c193bc2c599&marketName=proto_spark_v3) supply cap `max` parameter by 4,000 WBTC from 6,000 WBTC to **10,000 WBTC** + +#### Activate Kill Switch Security Module + +[Adds a kill switch](https://github.com/marsfoundation/sparklend-kill-switch) to disable all borrowing across markets in the event of a depeg on key collateral assets. + +#### Update MetaMorpho Market Caps + +Updates Market Cap Parameters to the following: + +* USDe 77% LLTV pool cap: **1 billion DAI** +* USDe 86% LLTV pool cap: **500 million DAI** +* USDe 91.5% LLTV pool cap: **200 million DAI** +* USDe 94.5% LLTV pool cap: **10 million DAI** +* sUSDe 77% LLTV pool cap: **1 billion DAI** +* sUSDe 86% LLTV pool cap: **200 million DAI** +* sUSDe 91.5% LLTV pool cap: **50 million DAI** +* sUSDe 94.5% LLTV pool cap: **10 million DAI** + +### Approve TACO Resolutions + +- **Authorization:** [Forum post](https://forum.makerdao.com/t/bt-project-ethena-risk-legal-assessment/23978/9) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/bt-project-ethena-risk-legal-assessment/23978) + +If this executive proposal passes, the resolutions posted within [QmUarSLBgfvCK5Mco2QS8UraSqwxWtK5jKiEbxDYxE1C4A](https://gateway.pinata.cloud/ipfs/QmUarSLBgfvCK5Mco2QS8UraSqwxWtK5jKiEbxDYxE1C4A) will be approved. + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive Vote - December 2024 out-of-schedule spell 3.md b/governance/votes/Executive Vote - December 2024 out-of-schedule spell 3.md new file mode 100644 index 000000000..713218e34 --- /dev/null +++ b/governance/votes/Executive Vote - December 2024 out-of-schedule spell 3.md @@ -0,0 +1,72 @@ +--- +title: Template - [Executive Vote] Out-of-schedule Executive Vote - Stability Fee Changes, Savings Rate Changes - $date +summary: Increase Stability Fees for multiple vault types, increase Savings Rates. +date: $date +address: "$spell_address" + +--- +# [Executive Proposal] Out-of-schedule Executive Vote - Stability Fee Changes, Savings Rate Changes - $date + +The Governance Facilitators, Sidestream, and Dewiz have placed an out-of-schedule executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- The [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for multiple vault types will be increased. +- The [Savings Rates (DSR and SSR)](https://sky-atlas.powerhouse.io/A.4.3.1_Savings_Rates/5586fe33-b0af-41f0-9629-b1716c7c0967%7Cb3417d54) will be increased. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**30 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### Stability Fee Changes + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/5) +- **Proposal**: [Forum Post](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/4) + +If this executive proposal passes, then the [Stability Fees (SF)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for the vault types listed below will be changed as follows: + +- Increase ETH-A SF by 3.50 percentage points from 16.25% to **19.75%**. +- Increase ETH-B SF by 3.50 percentage points from 16.75% to **20.25%**. +- Increase ETH-C SF by 3.50 percentage points from 16.00% to **19.50%**. +- Increase WSTETH-A SF by 3.50 percentage points from 17.25% to **20.75%**. +- Increase WSTETH-B SF by 3.50 percentage points from 17.00% to **20.50%**. +- Increase WBTC-A SF by 4.00 percentage points from 20.25% to **24.25%**. +- Increase WBTC-B SF by 4.00 percentage points from 20.75% to **24.75%**. +- Increase WBTC-C SF by 4.00 percentage points from 20.00% to **24.00%**. +- Increase ALLOCATOR-SPARK-A SF by 2.94 percentage points from 15.19% to **18.13%**. + +### Savings Rate Changes + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/5) +- **Proposal**: [Forum Post](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/4) + +If this executive proposal passes, then the following savings rate changes will take place: + +- Increase the [Dai Savings Rate (DSR)](https://sky-atlas.powerhouse.io/A.3.2.2.2_Dai_Savings_Rate/8e289e71-7ec5-4ce5-8d4d-41aab7a50f53|57eab733e951) by 3.00 percentage points from 14.50% to **17.50%**. +- Increase the [Sky Savings Rate (SSR)](https://sky-atlas.powerhouse.io/A.3.2.2.3_Sky_Savings_Rate/73d91126-21c9-4e8a-bedf-8a51a432bb59|57eab733e951) by 3.00 percentage points from 15.50% to **18.50%**. + +The Spark Effective DAI Borrow Rate is tied to the DSR. Consequently, the above changes will increase it by ~3 percentage points from ~15.50% to **~18.50%**. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.sky.money). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive Vote - June 27, 2024.md b/governance/votes/Executive Vote - June 27, 2024.md new file mode 100644 index 000000000..f17640765 --- /dev/null +++ b/governance/votes/Executive Vote - June 27, 2024.md @@ -0,0 +1,118 @@ +--- +title: Template - [Executive Vote] SBE Parameters Update, Launch Project Funding, Spark Proxy Spell - June 27, 2024 +summary: Update the Smart Burn Engine (SBE) DssFlapper parameters, transfer funding to the Launch Project, and trigger a Spark proxy spell. +date: 2024-06-27T00:00:00.000Z +address: "0x7fbC867dE58D6e47E430eB257B50481F6E878f65" + +--- +# [Executive Proposal] SBE Parameters Update, Launch Project Funding, Spark Proxy Spell - June 27, 2024 + +The Governance Facilitators, Dewiz, Sidestream, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Maker Protocol: + +- Smart Burn Engine (SBE) [DssFlapper](https://mips.makerdao.com/mips/details/MIP104#9-1-3) parameters will be updated. +- **4,500,000 DAI** and **1,300 MKR** will be transferred to the Launch Project. +- A Spark proxy spell will be triggered at [0xc96420Dbe9568e2a65DD57daAD069FDEd37265fa](https://etherscan.io/address/0xc96420Dbe9568e2a65DD57daAD069FDEd37265fa). + +**Voting for this executive proposal will place your MKR in support of the changes outlined above.** + +Unless otherwise noted, the changes listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **30 hours**. + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### Smart Burn Engine (SBE) Parameters Update + +- **Authorization:** [Forum post](https://forum.makerdao.com/t/smart-burn-engine-transaction-analysis-parameter-reconfiguration-update-8/24531/4) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/smart-burn-engine-transaction-analysis-parameter-reconfiguration-update-8/24531) + +If this executive proposal passes, the following SBE parameters will be changed: + +- The [`hop`](https://mips.makerdao.com/mips/details/MIP104#9-1-3-1a) parameter will be decreased by 1,577 seconds from 11,826 seconds to **10,249 seconds**. +- The [`bump`](https://mips.makerdao.com/mips/details/MIP104#9-1-3-3a) parameter will be decreased by 10,000 DAI from 75,000 DAI to **65,000 DAI**. + +### Launch Project Funding + +- **Authorization:** [Accessibility Scope 9.1](https://mips.makerdao.com/mips/details/MIP108#9-1-launch-project-budget) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/18) + +If this executive proposal passes, the following transfers to the Launch Project will be made: + +- Transfer **4,500,000 DAI** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). +- Transfer **1,300 MKR** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). + +### Spark Proxy Spell + +- **Authorization:** Governance Polls [1117](https://vote.makerdao.com/polling/QmdQYTQe), [1118](https://vote.makerdao.com/polling/QmU6KSGc), [1119](https://vote.makerdao.com/polling/QmQv9zQR) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489) + +If this executive proposal passes, a Spark proxy spell at [0xc96420Dbe9568e2a65DD57daAD069FDEd37265fa](https://etherscan.io/address/0xc96420Dbe9568e2a65DD57daAD069FDEd37265fa) will be triggered, containing the following items. + +#### [Mainnet] Update Morpho Vault Supply Caps + +The following changes will be made to the [Morpho Spark DAI Vault](https://morpho.blockanalitica.com/ethereum/metamorpho/vaults/0x73e65dbd630f90604062f6e02fab9138e713edd9) parameters: + +- [sUSDe 91.5% LLTV pool](https://morpho.blockanalitica.com/ethereum/markets/1247f1c237eceae0602eab1470a5061a6dd8f734ba88c7cdc5d6109fb0026b28) supply cap will be increased by 100 million DAI from 100 million DAI to **200 million DAI**. +- [sUSDe 86% LLTV pool](https://morpho.blockanalitica.com/ethereum/markets/39d11026eae1c6ec02aa4c0910778664089cdd97c3fd23f68f7cd05e2e95af48) supply cap will be increased by 100 million DAI from 400 million DAI to **500 million DAI**. + +#### [Gnosis] Onboard USDC.e as Borrowable Asset + +Bridged USDC (USDC.e) will be onboarded with the following parameters: + +- Token: **USDC.e** +- Token Address: **[0x2a22f9c3b484c3629090FeED35F17Ff8F88f76F0](https://gnosisscan.io/token/0x2a22f9c3b484c3629090feed35f17ff8f88f76f0)** +- Oracle: **1:1 USD Fixed** +- Oracle Provider: N/A +- Optimal Utilization: **95%** +- Base: **0%** +- Slope1: **9%** +- Slope2: **15%** +- Stable rate func (deprecated): N/A +- Borrow Enabled: **Yes** +- Isolation Borrowable: **Yes** +- Stable Rate Borrowing: **No** +- [Siloed Borrowing](https://docs.spark.fi/defi-infrastructure/sparklend#siloed-borrowing): **No** +- Flash Loan Enabled: **Yes** +- Loan To Value: **0%** +- Liquidation Threshold: **0%** +- Liquidation Bonus: **0%** +- Reserve Factor: **10%** +- Cap Automator: **Disabled** +- [Supply Cap](https://docs.spark.fi/defi-infrastructure/sparklend#supply-and-borrow-caps): **10 million USDC.e** +- [Borrow Cap](https://docs.spark.fi/defi-infrastructure/sparklend#supply-and-borrow-caps): **8 million USDC.e** +- [Isolation Mode](https://devs.spark.fi/sparklend/features/isolation-mode): **No** +- Isolation Mode Debt Ceiling: N/A +- Liquidation Protocol Fee: **0%** +- [Efficiency Mode (eMode)](https://docs.spark.fi/defi-infrastructure/sparklend#efficiency-mode-emode) Category: **0** + +#### [Gnosis] Update USDC Parameters to Prepare for Offboarding + +Parameters of Circle USDC (USDC) interest rate model will be updated as follows: + +- Optimal Utilization will be decreased by 15% from 95% to **80%** +- Slope2 will be increased by 35% from 15% to **50%** +- Borrow Cap will be decreased by 7 million USDC from 8 million USDC to **1 million USDC** + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive Vote - March 6, 2024.md b/governance/votes/Executive Vote - March 6, 2024.md new file mode 100644 index 000000000..1f98cf9fd --- /dev/null +++ b/governance/votes/Executive Vote - March 6, 2024.md @@ -0,0 +1,237 @@ +--- +title: Template - [Executive Vote] Delegate Compensation, Smart Burn Engine Parameter Adjustment, Launch Project Funding, Whistleblower Bounty, WBTC Vault Parameter Changes, Spark Proxy Spell - March 6, 2024 +summary: Distribute delegate compensation for February 2024, decrease the Smart Burn Engine hop parameter, distribute DAI and MKR funding for the Launch Project, pay a whistleblower bounty, update the gap parameter for WBTC-A and WBTC-C, trigger a Spark Proxy Spell. +date: 2024-03-06T00:00:00.000Z +address: "0xD8D60b7A9998098261DF5175B5b0Fb567CD0Fb1A" + +--- +# [Executive Proposal] Delegate Compensation, Smart Burn Engine Parameter Adjustment, Launch Project Funding, Whistleblower Bounty, WBTC Vault Parameter Changes, Spark Proxy Spell - March 6, 2024 + +The Governance Facilitators and Dewiz, Sidestream, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **changes** will occur within the Maker Protocol: +- Twelve Aligned Delegates will receive a total of 259.83 MKR as compensation for February 2024. +- The `hop` parameter of the Smart Burn Engine will be decreased. +- 3,000,000 DAI and 500 MKR will be distributed to the Launch Project. +- 20.84 MKR will be paid as a whistleblower bounty. +- The `gap` parameter for WBTC-A and WBTC-C will be increased. +- A proxy spell for Spark Protocol at 0xf3449d6D5827F0F6e0eE4a941f058307056D3736 will be executed. + +**Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.** + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **48 hours**. + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### Delegate Compensation for February 2024 + +* **Authorization**: [Atlas Section 2.6.3](https://mips.makerdao.com/mips/details/MIP101#2-6-3-aligned-delegate-income-and-participation-requirements) +* **Proposal**: [Forum post](https://forum.makerdao.com/t/february-2024-aligned-delegate-compensation/23766) + +If this executive proposal passes, the following transfers for Aligned Delegate Compensation will be made to qualifying Aligned Delegates. + +|Delegate | Amount (MKR) | Address| +|--- | --- | ---| +|BLUE | 41.67 | [0xb6c09680d822f162449cdfb8248a7d3fc26ec9bf](https://etherscan.io/address/0xb6c09680d822f162449cdfb8248a7d3fc26ec9bf)| +|BONAPUBLICA | 41.67 | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3)| +|Cloaky | 41.67 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818)| +|TRUE NAME | 41.67 | [0x612f7924c367575a0edf21333d96b15f1b345a5d](https://etherscan.io/address/0x612f7924c367575a0edf21333d96b15f1b345a5d)| +|0xDefensor | 23.71 | [0x9542b441d65B6BF4dDdd3d4D2a66D8dCB9EE07a9](https://etherscan.io/address/0x9542b441d65B6BF4dDdd3d4D2a66D8dCB9EE07a9)| +|JAG | 13.89 | [0x58D1ec57E4294E4fe650D1CB12b96AE34349556f](https://etherscan.io/address/0x58D1ec57E4294E4fe650D1CB12b96AE34349556f)| +|UPMaker | 13.89 | [0xbb819df169670dc71a16f58f55956fe642cc6bcd](https://etherscan.io/address/0xbb819df169670dc71a16f58f55956fe642cc6bcd)| +|vigilant | 13.89 | [0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61](https://etherscan.io/address/0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61)| +|PBG | 13.44 | [0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2](https://etherscan.io/address/0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2)| +|Pipkin | 5.82 | [0x0E661eFE390aE39f90a58b04CF891044e56DEDB7](https://etherscan.io/address/0x0e661efe390ae39f90a58b04cf891044e56dedb7)| +|QGov | 4.48 | [0xB0524D8707F76c681901b782372EbeD2d4bA28a6](https://etherscan.io/address/0xB0524D8707F76c681901b782372EbeD2d4bA28a6)| +|WBC | 4.03 | [0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47](https://etherscan.io/address/0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47)| + +This is a total of: **259.83 MKR**. + +### Smart Burn Engine [`hop`](https://mips.makerdao.com/mips/details/MIP104#9-1-3-1) Update + +* **Authorization**: [Governance Poll](https://vote.makerdao.com/polling/Qmat6oFs) +* **Proposal**: [Forum post](https://forum.makerdao.com/t/smart-burn-engine-the-rate-of-mkr-accumulation-reconfiguration-and-transaction-analysis-parameter-reconfiguration-update-5/23737) + +If this executive proposal passes the following change to the `hop` parameter of the Smart Burn Engine will take place: + +* Decrease the `hop` parameter by 6,570 seconds from 26,280 seconds to **19,710 seconds**. + +### Launch Project Funding + +* **Authorization**: [Accessibility Scope 9.1](https://mips.makerdao.com/mips/details/MIP108#9-1-launch-project-budget) +* **Proposal**: [Forum post](https://forum.makerdao.com/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/12) + +If this executive proposal passes the following transfers to the Launch Project will take place: + +* Transfer **3,000,000 DAI** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). +* Transfer **500 MKR** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). + +### Whistleblower Bounty Payment + +* **Authorization**: [Atlas Section 2.6.6](https://mips.makerdao.com/mips/details/MIP101#2-6-6-aligned-delegate-operational-security) +* **Proposal**: [Forum post](https://forum.makerdao.com/t/ad-derecognition-due-to-operational-security-breach-02-02-2024/23619/10) + +If this executive proposal passes the following transfer of a whistleblower bounty will take place: + +* Transfer **20.84 MKR** to @VeniceTree at [0xCDDd2A697d472d1e8a0B1B188646c756d097b058](https://etherscan.io/address/0xCDDd2A697d472d1e8a0B1B188646c756d097b058). + +**Note:** The MKR amount has been rounded to 2 decimal places to aid in the spellcrafting and verification process. + +### WBTC Vault [Target Available Debt `gap`](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-2-target-available-debt-gap-) Changes + +* **Authorization**: [Stability Scope 14.3](https://mips.makerdao.com/mips/details/MIP104#14-3-native-vault-engine) +* **Proposal**: [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-10-wbtc-a-c-dc-iam-gap/23765) + +If this executive proposal passes the following changes to the `gap` parameter will take place: + +* Increase the WBTC-A `gap` by 2 million DAI from 2 million DAI to **4 million DAI**. +* Increase the WBTC-C `gap` by 6 million DAI from 2 million DAI to **8 million DAI**. + +### Spark Protocol Proxy Spell + +If this executive proposal passes a Spark Protocol proxy spell at [0xf3449d6D5827F0F6e0eE4a941f058307056D3736](https://etherscan.io/address/0xf3449d6D5827F0F6e0eE4a941f058307056D3736) will be executed. The expected contents of this are: + +#### SparkLend CapAutomator Activation + +* **Authorization**: [Governance Poll](https://vote.makerdao.com/polling/QmUE5xr8) +* **Proposal**: [Forum post](https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739) + +This new feature will enable dynamic adjustments to borrow and supply caps. The core mechanism is similar to the [Debt Ceiling Instant Access Modules (DC-IAM)](https://manual.makerdao.com/module-index/module-dciam) used for Maker core vaults and will help reduce governance overhead in maintaining the supply and borrow caps for various assets. + +If this executive proposal passes, the module will be activated with the following max limit (`max`), buffer size (`gap)`, and cooldown (`ttl`) parameters for the covered assets: + +**WETH** + +* Supply cap + * `gap`: **150,000 WETH** + * `ttl`: **12 hours** + * `max`: **2 million WETH** +* Borrow cap + * `gap`: **10,000 WETH** + * `ttl`: **12 hours** + * `max`: **1 million WETH** + +**wstETH** + +* Supply cap + * `gap`: **50,000 wstETH** + * `ttl`: **12 hours** + * `max`: **1.2 million wstETH** +* Borrow cap + * `gap`: **100 wstETH** + * `ttl`: **12 hours** + * `max`: **3,000 wstETH** + +**rETH** + +* Supply cap + * `gap`: **10,000 rETH** + * `ttl`: **12 hours** + * `max`: **80,000 rETH** +* Borrow cap + * `gap`: **100 rETH** + * `ttl`: **12 hours** + * `max`: **2,400 rETH** + +**WBTC** + +* Supply cap + * `gap`: **500 WBTC** + * `ttl`: **12 hours** + * `max`: **5,000 WBTC** +* Borrow cap + * `gap`: **100 WBTC** + * `ttl`: **12 hours** + * `max`: **2,000 WBTC** + +**sDAI** + +* Supply cap + * `gap`: **50 million sDAI** + * `ttl`: **12 hours** + * `max`: **1 billion sDAI** +* Borrow cap: n/a - not a borrowable asset + +**USDC** + +* Supply cap + * `gap`: N/A + * `ttl`: N/A + * `max`: **60 million USDC** +* Borrow cap + * `gap`: **6 million USDC** + * `ttl`: **12 hours** + * `max`: **57 million USDC** + +**USDT** + +* Supply cap + * `gap`: N/A + * `ttl`: N/A + * `max`: **30 million USDT** +* Borrow cap + * `gap`: **3 million USDT** + * `ttl`: **12 hours** + * `max`: **28.5 million USDT** + +#### SparkLend Collateral Parameter Changes + +* **Authorization**: [Governance Poll](https://vote.makerdao.com/polling/QmRU6mmi) +* **Proposal**: [Forum post](https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739) + +If this executive proposal passes the following collateral parameter changes will be made to SparkLend: + +**WETH** + +* Increase LTV from 80% to **82%** +* Increase LT from 82.5% to **83%** +* Reduce slope 1 from 3.2% to **2.8%** + +**wstETH** + +* Increase LTV from 68.5% to **79%** +* Increase LT from 79.5% to **80%** + +**rETH** + +* Increase LTV from 68.5% to **79%** +* Increase LT from 79.5% to **80%** +* Increase base rate from 0% to **0.25%** + +**WBTC** + +* Increase LTV from 70% to **74%** + +**sDAI** + +* Increase LTV from 74% to **79%** +* Increase LT from 76% to **80%** +* Increase liquidation penalty from 4.5% to **5%** + +**ETH emode** + +* Increase LTV from 90% to **92%** + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive Vote - May 16, 2024.md b/governance/votes/Executive Vote - May 16, 2024.md new file mode 100644 index 000000000..a3cf2a9f0 --- /dev/null +++ b/governance/votes/Executive Vote - May 16, 2024.md @@ -0,0 +1,147 @@ +--- +title: Template - [Executive Vote] Aligned Delegate Compensation, Whistleblower Bounty, Parameter Updates, Keeper Network Update, Launch Project Funding, Bug Bounty Payout, Spark Proxy Spell - May 16, 2024 +summary: Aligned delegate compensation for April 2024, whistleblower bounty payment, buffer payment for the offboarding of TrueName, Stability Fee and DSR updates, an update to a keeper network job, Dai and MKR funding for the Launch Project, payment of a bug bounty reward, execute Spark proxy spell. +date: 2024-05-16T00:00:00.000Z +address: "0xB394eC56AbD78c9264438168F8a8E1Bd85F1f0Ae" + +--- +# [Executive Proposal] Aligned Delegate Compensation, Whistleblower Bounty, Parameter Updates, Keeper Network Update, Launch Project Funding, Bug Bounty Payout, Spark Proxy Spell - May 16, 2024 + +The Governance Facilitators and Dewiz, Sidestream, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **changes** will occur within the Maker Protocol: + +- A total of **208.09 MKR** will be distributed to ten Aligned Delegates as compensation for April 2024. +- **20.84** MKR will be distributed as a whistleblower bounty. +- Multiple stability fees will be reduced, as will the Dai Savings Rate. +- A keeper network job will be updated. +- **5,358,007 DAI** and **1,969.17 MKR** will be transferred to the Launch Project. +- A total of **55,000 DAI** will be distributed as part of a Bug Bounty payment. +- A Spark proxy spell will be executed. + +**Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.** + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **30 hours**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### Aligned Delegate Compensation for April 2024 + +- **Authorization:** [Atlas Section 2.6.3](https://mips.makerdao.com/mips/details/MIP101#2-6-3-aligned-delegate-income-and-participation-requirements) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/april-2024-aligned-delegate-compensation/24272) + +If this executive proposal passes, the following transfers totalling **208.09 MKR** for Aligned Delegate Compensation will be made to qualifying Aligned Delegates. + +| Delegate | Amount (MKR) | Address | +|-------------|--------------|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 41.67 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 41.67 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | +| BONAPUBLICA | 28.23 | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) | +| TRUE NAME | 27.52 | [0x612F7924c367575a0Edf21333D96b15F1B345A5d](https://etherscan.io/address/0x612F7924c367575a0Edf21333D96b15F1B345A5d) | +| JuliaChang | 24.20 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| vigilant | 13.89 | [0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61](https://etherscan.io/address/0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61) | +| Pipkin | 13.44 | [0x0E661eFE390aE39f90a58b04CF891044e56DEDB7](https://etherscan.io/address/0x0E661eFE390aE39f90a58b04CF891044e56DEDB7) | +| JAG | 7.17 | [0x58D1ec57E4294E4fe650D1CB12b96AE34349556f](https://etherscan.io/address/0x58D1ec57E4294E4fe650D1CB12b96AE34349556f) | +| Byteron | 6.72 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | +| UPMaker | 3.58 | [0xbB819DF169670DC71A16F58F55956FE642cc6BcD](https://etherscan.io/address/0xbB819DF169670DC71A16F58F55956FE642cc6BcD) | + +### Whistleblower Bounty + +* **Authorization:** [Atlas 2.6.6](https://mips.makerdao.com/mips/details/MIP101#2-6-6-aligned-delegate-operational-security) +* **Proposal:** [Forum post](https://forum.makerdao.com/t/ad-derecognition-due-to-operational-security-breach-april-5-2024/24043) + +As a bounty for the information leading to the derecognition of AD TrueName, the following transfer will be made, if this executive proposal passes: + +- Transfer **20.84 MKR** to forum user Compacter at [0xbbd4bC3FE72691663c6ffE984Bcdb6C6E6b3a8Dd](https://etherscan.io/address/0xbbd4bC3FE72691663c6ffE984Bcdb6C6E6b3a8Dd). + +### Stability Scope Parameter Updates + +#### [Stability Fee (SF)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-3-stability-fee-sf-) Changes + +* **Authorization:** [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-13-under-sta-article-3-3/24250/2) +* **Proposal:** [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-13-under-sta-article-3-3/24250) + +If this executive proposal passes, as per the recommendation of the Stability Scope Advisory Council Member, BA Labs, the following SFs will be changed: + +- Decrease the ETH-A Stability Fee by 2 percentage points from 10.25% to **8.25%**. +- Decrease the ETH-B Stability Fee by 2 percentage points from 10.75% to **8.75%**. +- Decrease the ETH-C Stability Fee by 2 percentage points from 10.00% to **8.00%**. +- Decrease the WSTETH-A Stability Fee by 2 percentage points from 11.25% to **9.25%**. +- Decrease the WSTETH-B Stability Fee by 2 percentage points from 11.00% to **9.00%**. +- Decrease the WBTC-A Stability Fee by 2 percentage points from 11.75% to **9.75%**. +- Decrease the WBTC-B Stability Fee by 2 percentage points from 12.25% to **10.25%**. +- Decrease the WBTC-C Stability Fee by 2 percentage points from 11.50% to **9.50%**. + +#### [Dai Savings Rate (DSR)](https://manual.makerdao.com/parameter-index/core/param-dai-savings-rate) Change + +* **Authorization:** [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-13-under-sta-article-3-3/24250/2) +* **Proposal:** [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-13-under-sta-article-3-3/24250) + +If this executive proposal passes, as per the recommendation of the Stability Scope Advisory Council Member, BA Labs, the following change to the DSR will be made: + +- Decrease the DSR by 2 percentage points from 10.00% to **8.00%**. + +### Keeper Network Job Update + +* **Authorization:** [Forum post](https://forum.makerdao.com/t/executive-inclusion-dss-cron-update/24269/2) +* **Proposal:** [Forum post](https://forum.makerdao.com/t/executive-inclusion-dss-cron-update/24269) + +If this executive proposal passes, the Keeper Network's D3MJob will be updated through the following contract calls: + +- `sequencer.removeJob(0x1Bb799509b0B039345f910dfFb71eEfAc7022323)` +- `sequencer.addJob(0x2Ea4aDE144485895B923466B4521F5ebC03a0AeF)` + +The updated code may be seen in this GitHub [Pull Request](https://github.com/makerdao/dss-cron/pull/24). + +### Launch Project Funding + +* **Authorization:** [Accessibility Scope 9.1](https://mips.makerdao.com/mips/details/MIP108#9-1-launch-project-budget) +* **Proposal:** [Forum Post](https://forum.makerdao.com/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/16) + +If this executive proposal passes, the following tansfers will be made to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F): + +- Transfer **5,358,007 DAI** to the Launch Project. +- Transfer **1,969.17 MKR** to the Launch Project. + +### Bug Bounty Payout + +* **Authorization:** [Support Scope 13.1](https://forum.makerdao.com/t/bounty-payout-request-for-immunefi-bug-29806/24240/2) +* **Proposal:** [Forum Post](https://forum.makerdao.com/t/bounty-payout-request-for-immunefi-bug-29806/24240) + +If this executive proposal passes, the following transfers will be made as part of the Bug Bounty Program: + +- Transfer **50,000 DAI** to the bug reporter at [0xa24EC79bdF03bB325F36878573B13AedFEd0717f](https://etherscan.io/address/0xa24EC79bdF03bB325F36878573B13AedFEd0717f) +- Transfer **5,000 DAI** to Immunefi at [0x7119f398b6C06095c6E8964C1f58e7C1BAa79E18](https://etherscan.io/address/0x7119f398b6C06095c6E8964C1f58e7C1BAa79E18) + +The post-mortem for this report may be found in this [forum post](https://forum.makerdao.com/t/post-mortem-for-immunefi-bug-report-29806/24239). + +### Spark Proxy Spell + +* **Authorization:** [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-13-under-sta-article-3-3/24250/2) +* **Proposal:** [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-13-under-sta-article-3-3/24250) + +If this executive proposal passes, a Spark Proxy Spell at [0x901E4450f01ae1A2615E384b9104888Cb9Cb02FF](https://etherscan.io/address/0x901E4450f01ae1A2615E384b9104888Cb9Cb02FF) will be triggered. It contains the following change: + +- Activate a new Dai Interest Rate Module to reduce the Spark Effective Dai Borrow Rate by 2 percentage points from 11% to **9%**. + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive Vote - September 27, 2024.md b/governance/votes/Executive Vote - September 27, 2024.md new file mode 100644 index 000000000..b004a7b88 --- /dev/null +++ b/governance/votes/Executive Vote - September 27, 2024.md @@ -0,0 +1,169 @@ +--- +title: Template - [Executive Vote] SBE Reconfiguration, Sky Ecosystem Liquidity Bootstrapping, August 2024 Aligned Delegate Compensation, and Spark Proxy Spell - September 27, 2024 +summary: Smart Burn Engine reconfiguration with updated parameters, USDS and SKY Transfers for Sky Ecosystem Liquidity Bootstrapping, August MKR and DAI Aligned Delegate Compensation, and trigger Spark Proxy Spell. +date: 2024-09-27T00:00:00.000Z +address: "0x6e17A15427eD7A411e7d55e53C13c8cE655c35C9" + +--- +# [Executive Proposal] SBE Reconfiguration, Sky Ecosystem Liquidity Bootstrapping, August 2024 Aligned Delegate Compensation, and Spark Proxy Spell - September 27, 2024 + +The Governance Facilitators, Sidestream, and Dewiz have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: +- Smart Burn Engine (SBE) will be reconfigured featuring a new contract deployment that is changing the nature of the SBE. +- Transfer **10 million USDS** and **320 million SKY** to Sky Ecosystem Liquidity Bootstrapping. +- Distribute **124,745 DAI** and **29.46 MKR** for August Aligned Delegate Compensation. +- Trigger Spark Proxy Spell at [0xc80621140bEe6A105C180Ae7cb0a084c2409C738](https://etherscan.io/address/0xc80621140bEe6A105C180Ae7cb0a084c2409C738). + +**Voting for this executive proposal will place your governance tokens in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**16 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### Smart Burn Engine (SBE) Reconfiguration + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/smart-burn-engine-transaction-analysis-and-parameter-reconfiguration-update-9/25078/2), [Poll 1140](https://vote.makerdao.com/polling/QmSxswGN) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/smart-burn-engine-transaction-analysis-and-parameter-reconfiguration-update-9/25078) + +If this executive proposal passes, a new [SwapOnly Flapper](https://forum.makerdao.com/t/smart-burn-engine-transaction-analysis-and-parameter-reconfiguration-update-9/25078#p-98910-change-to-the-flapper-strategy-9) will be initialized. This [reconfiguration](https://forum.makerdao.com/t/smart-burn-engine-transaction-analysis-and-parameter-reconfiguration-update-9/25078) changes the SBE from a buy-and-make to a buy-and-accumulate model through the following contract actions. Accumulated tokens will be held in the [Pause Proxy](https://etherscan.io/address/0xbe8e3e3618f7474f8cb1d074a26affef007e98fb). + +#### Flapper Initialization + +Initialization of the new SwapOnly Flapper will be performed by calling [FlapperInit.initFlapperUniV2](https://github.com/makerdao/dss-flappers/blob/master/deploy/FlapperInit.sol#L67) with the following parameters: + +- `flapper_`: FlapperUniV2SwapOnly ([0x374D9c3d5134052Bc558F432Afa1df6575f07407](https://etherscan.io/address/0x374D9c3d5134052Bc558F432Afa1df6575f07407)) +- [`want`](https://sky-atlas.powerhouse.io/#A.3.5.1.1.3.2_Want_Parameter-1ec80531-927e-4fd5-89b0-1b4a1a1fb86b|57ea2c549207d9fe7d45): **0.98 * WAD** +- [`pip`](https://sky-atlas.powerhouse.io/#A.3.5.1.1.3.4_Pip_Parameter-dee4b9b5-022c-443a-b4ea-0c265243cc04|57ea2c549207d9fe7d45): SWAP_ONLY_FLAP_SKY_ORACLE ([0x61A12E5b1d5E9CC1302a32f0df1B5451DE6AE437](https://etherscan.io/address/0x61A12E5b1d5E9CC1302a32f0df1B5451DE6AE437)) +- `pair`: PAIR_USDS_SKY ([0x2621CC0B3F3c079c1Db0E80794AA24976F0b9e3c](https://etherscan.io/address/0x2621CC0B3F3c079c1Db0E80794AA24976F0b9e3c)) +- `usds`: dss.chainlog.getAddress("USDS") +- `splitter`: dss.chainlog.getAddress("MCD_SPLIT") +- `prevChainlogKey`: bytes32(0) +- `chainlogKey`: "MCD_FLAP" + +#### Oracle Wrapper + +Initialization of the new OracleWrapper will be performed by calling [FlapperInit.initOracleWrapper](https://github.com/makerdao/dss-flappers/blob/master/deploy/FlapperInit.sol#L111) with the following parameters: + +- `wrapper_`: SWAP_ONLY_FLAP_SKY_ORACLE ([0x61A12E5b1d5E9CC1302a32f0df1B5451DE6AE437](https://etherscan.io/address/0x61A12E5b1d5E9CC1302a32f0df1B5451DE6AE437)) +- `divisor`: 24,000 +- `clKey`: "FLAP_SKY_ORACLE" + +#### Additional Actions + +Additionally, the following parameters will updated if this executive proposal passes: + +- Increase the [hop parameter (`vow.hop`)](https://sky-atlas.powerhouse.io/#A.3.5.1.1.3.1_Hop_Parameter-f9c3ba0f-3f7a-4222-9df8-efb0bc69433e%7C57ea2c549207d9fe7d45) by 1,386 seconds from 10,249 seconds to **11,635 seconds**. +- Decrease the [bump parameter (`vow.bump`)](https://sky-atlas.powerhouse.io/#A.3.5.1.1.3.3_Bump_Parameter-512d164c-e60a-4054-850f-96285479901b%7C57ea2c549207d9fe7d45) by 40,000 USDS from 65,000 USDS to **25,000 USDS**. + +### Sky Ecosystem Liquidity Bootstrapping + +- **Authorization**: [Delegate Poll Request](https://forum.makerdao.com/t/atlas-edit-weekly-cycle-proposal-week-of-2024-09-23/25179/7), [Poll 1144](https://vote.makerdao.com/polling/QmfYzKTh) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/atlas-edit-weekly-cycle-proposal-week-of-2024-09-23/25179) + +If this executive proposal passes, then **10 million USDS** and **320 million SKY** will be transferred to the Sky Ecosystem Liquidity Bootstrapping multisig at [0xD8507ef0A59f37d15B5D7b630FA6EEa40CE4AFdD](https://etherscan.io/address/0xD8507ef0A59f37d15B5D7b630FA6EEa40CE4AFdD). + +To facilitate the transfer of USDS the following actions will occur: +- Transfer 10 million Dai from the [Surplus Buffer](https://manual.makerdao.com/parameter-index/core/param-system-surplus-buffer) to the [Pause Proxy](https://etherscan.io/address/0xbe8e3e3618f7474f8cb1d074a26affef007e98fb). +- Convert this Dai to USDS using the [DAI_USDS](https://etherscan.io/address/0x3225737a9Bbb6473CB4a45b7244ACa2BeFdB276A) converter. +- Transfer the resulting 10 million USDS to the destination address. + +To facilitate the transfer of SKY the following actions will occur: +- Convert 13,334 MKR held within the [Pause Proxy](https://etherscan.io/address/0xbe8e3e3618f7474f8cb1d074a26affef007e98fb) to SKY using the [MKR_SKY](https://etherscan.io/address/0xBDcFCA946b6CDd965f99a839e4435Bcdc1bc470B) converter. +- Transfer 320 million SKY to the destination address. + +### Aligned Delegate Compensation + +- **Authorization**: [Atlas 2.6.3 (legacy)](https://mips.makerdao.com/mips/details/MIP101#2-6-3-aligned-delegate-budget-and-participation-requirements) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/august-2024-aligned-delegate-compensation/25165) + +If this executive proposal passes, then a total of **124,745 DAI** and **29.46 MKR** will be distributed to six Aligned Delegates and their teams as compensation for August 2024. + +#### DAI Distributions + +| Delegate | Amount (DAI) | Address | +|-------------------|--------------|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 54,167 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 20,417 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | +| Kohla (Cloaky) | 10,000 | [0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a](https://etherscan.io/address/0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a) | +| Ennoia (Cloaky) | 10,000 | [0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b](https://etherscan.io/address/0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b) | +| JuliaChang | 8,333 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| Byteron | 8,333 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | +| Rocky | 8,065 | [0xC31637BDA32a0811E39456A59022D2C386cb2C85](https://etherscan.io/address/0xC31637BDA32a0811E39456A59022D2C386cb2C85) | +| BONAPUBLICA | 5,430 | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) | + +#### MKR Distributions + +| Delegate | Amount (MKR) | Address | +|--------------|--------------|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 13.75 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 12.00 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | +| JuliaChang | 1.25 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| Byteron | 1.25 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | +| Rocky | 1.21 | [0xC31637BDA32a0811E39456A59022D2C386cb2C85](https://etherscan.io/address/0xC31637BDA32a0811E39456A59022D2C386cb2C85) | + +### Spark Proxy Spell + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/sep-12-2024-proposed-changes-to-spark-for-upcoming-spell/25076/3), [Poll 1141](https://vote.makerdao.com/polling/QmPFkXna#poll-detail) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/sep-12-2024-proposed-changes-to-spark-for-upcoming-spell/25076) + +If this executive proposal passes, then the Spark Proxy Spell, prepared by Phoenix Labs, and reviewed by Wonderland and Certora, at address [0xc80621140bEe6A105C180Ae7cb0a084c2409C738](https://etherscan.io/address/0xc80621140bEe6A105C180Ae7cb0a084c2409C738) will be triggered. + +#### [Mainnet] Collateral Onboarding of cbBTC + +If this executive proposal passes, the Spark Proxy Spell will onboard cbBTC as described below: + +- Token: **cbBTC** +- Token Address: **[0xcbB7C0000aB88B473b1f5aFd9ef808440eed33Bf](https://etherscan.io/address/0xcbB7C0000aB88B473b1f5aFd9ef808440eed33Bf)** +- Oracle: [Chronicle Labs BTC/USD](https://chroniclelabs.org/dashboard/oracle/BTC/USD?blockchain=ETH&txn=0xe9ff73bad08cd1efc4773a2ccb0b43a39c441a8a5d0b180bd5ad5d20ac096016&contract=0x24C392CDbF32Cf911B258981a66d5541d85269ce) +- Oracle Provider: Chronicle Labs +- [Optimal Utilization](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.11_Optimal_Utilization_Definition-7dd3b868-b5c1-4f16-b997-8fb35a971ab1|57eaf45219be608847d6): **60%** +- [Base](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.13_Base_Rate_Definition-3ea70be9-6d09-4e25-8025-a0235dd71c28|57eaf45219be608847d6): **0%** +- [Slope1](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.15_Slope_1_Definition-20c3c3c3-432e-48ac-8336-86b8345f920e|57eaf45219be608847d6): **4%** +- [Slope2](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.16_Slope_2_Definition-e5bb5c04-c9f1-4f85-bd45-1d36269482fe|57eaf45219be608847d6): **300%** +- Stable rate func (deprecated): N/A +- Borrow Enabled: **Yes** +- [Isolation Borrowable](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.20_Isolated_Borrow-9acac8ca-3870-4680-ae38-1ba3deb09fe3|57eaf45219be608847d6bfdb): **No** +- Stable Rate Borrowing: **No** +- [Siloed Borrowing](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.21_Siloed_Borrowing_Enabled_Definition-2683581e-34fd-4025-b3ef-a46fc19ec855|57eaf45219be608847d6): **No** +- [Flash Loan](https://docs.sparkprotocol.io/developers/guides/flash-loans) Enabled: **Yes** +- [Loan To Value](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.4_LTV_Definition-e5d19de9-0eb7-4572-857c-e83d91d92c88|57eaf45219be608847d6): **65%** +- [Liquidation Threshold](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.5_Liquidation_Threshold_Definition-9170a423-fba1-4fbe-83c4-f55f2510a9db|57eaf45219be608847d6): **70%** +- [Liquidation Bonus](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.7_Liquidation_Bonus_Definition-c5e7dbac-42f7-4c53-9e89-fa699cd9d5b5|57eaf45219be608847d6): **8%** +- [Reserve Factor](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.8_Reserve_Factor_Definition-3f82c59f-c575-4975-8e1b-653136c3f1fd|57eaf45219be608847d6): **20%** +- [Supply Cap](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.9_Supply_Cap_Definition-75575b79-9a3c-4601-9c57-dd2f7f48e285|57eaf45219be608847d6): **500 cbBTC** +- [Supply Cap Absolute Maximum Exposure (`max`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806): **3,000 cbBTC** +- [Supply Cap Target Available Exposure (`gap`)](https://sky-atlas.powerhouse.io#A.3.8.1.5.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806): **500 cbBTC** +- [Supply Cap Automator Cooldown Period (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **12 hours** +- [Borrow Cap](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.10_Borrow_Cap_Definition-fb930369-4ebc-4de0-9414-0a029857bc24|57eaf45219be608847d6): **50 cbBTC** +- [Borrow Cap Absolute Maximum Exposure (`max`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806): **500 cbBTC** +- [Borrow Cap Target Available Exposure (`gap`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806): **50 cbBTC** +- [Borrow Cap Automator Cooldown Period (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **12 hours** +- [Isolation Mode](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **No** +- Isolation Mode Debt Ceiling: **N/A** +- Liquidation Protocol Fee: **10%** +- [High Efficiency Mode (`Emode`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.6_High_Efficiency_Mode_Category_Definition-09de838a-b46c-4cdb-9467-adacdbcf4c00|57eaf45219be608847d6) Category: **0** + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - April 17, 2025.md b/governance/votes/Executive vote - April 17, 2025.md new file mode 100644 index 000000000..fb5350341 --- /dev/null +++ b/governance/votes/Executive vote - April 17, 2025.md @@ -0,0 +1,285 @@ +--- +title: Template - [Executive Vote] SP-BEAM Initialization, Sky Token Rewards Rebalance, Set Aave Lido Market (Prime Market) DDM DC to 0, SBE Changes, Launch Project Funding, Spark-Aave Revenue Share Payment, AD Compensation, Atlas Core Development Payments, Spark Proxy Spell - April 17, 2025 +summary: Stability Parameter Bounded External Access Module (SP-BEAM) initialization, Sky Token Rewards (SKY to USDS) rebalance, setting Aave Lido Market (Prime Market) Direct Deposit Module Debt Ceiling to 0, Smart Burn Engine parameter update, Launch Project funding, Spark-Aave Revenue Share payment, Aligned Delegate compensation for March 2025, Atlas Core Development payments, Spark Proxy spell. +date: 2025-04-17T00:00:00.000Z +address: "0xe4710c979485ecF2cBAD7C7C2a7Bc28c5c521749" + +--- +# [Executive Proposal] SP-BEAM Initialization, Sky Token Rewards Rebalance, Set Aave Lido Market (Prime Market) DDM DC to 0, SBE Changes, Launch Project Funding, Spark-Aave Revenue Share Payment, AD Compensation, Atlas Core Development Payments, Spark Proxy Spell - April 17, 2025 + +The Governance Facilitators, Sidestream, and Dewiz have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- The Stability Parameter Bounded External Access Module (SP-BEAM) will be initialized as described below. +- The Sky Token Rewards (SKY to USDS) Annual Percentage Yield (APY) will be adjusted. +- The Aave Lido Market (Prime Market) Direct Deposit Module (DDM) Debt Ceiling (DC) will be set to 0. +- The Smart Burn Engine (SBE) `hop` parameter will be updated as described below. +- **5 million USDS** and **24 million SKY** will be distributed to the Launch Project. +- A total of **256,888 DAI** will be distributed as SparkLend-Aave Revenue Share payment for Q1 2025. +- A total of **24,000 USDS** will be distributed as Aligned Delegate compensation for March 2025. +- A total of **97,584 USDS** and **618,000 SKY** will be distributed as Atlas Core Development payments. +- A Spark proxy spell will be executed. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**18 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### SP-BEAM Initialization + +- **Authorization**: [Governance Poll 1233](https://vote.makerdao.com/polling/QmWc4toZ), [Ecosystem Authorization](http://forum.sky.money/t/technical-scope-sp-beam-initialization-spell/26266/2) +- **Proposal**: Forum Posts [1](https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-april-14-2025/26262/), [2](https://forum.sky.money/t/technical-scope-sp-beam-initialization-spell/26266) + +If this executive proposal passes, then the Stability Parameter Bounded External Access Module (SP-BEAM) will be initialized as described below: + +- Initialize SP-BEAM by calling [`SPBEAMInit.init`](https://github.com/makerdao/sp-beam/blob/4e7a435682bf0a4fb9f19070f5ff34ffbdee6d9d/src/deployment/SPBEAMInit.sol#L65) with the following parameters: + - `inst.spbeam`: 0x36B072ed8AFE665E3Aa6DaBa79Decbec63752b22 + - `inst.mom`: 0xf0C6e6Ec8B367cC483A411e595D3Ba0a816d37D0 + - `cfg.tau`: 57,600 seconds + - `cfg.bud`: 0xe1c6f81D0c3CD570A77813b81AA064c5fff80309 + - For the following `cfg.ilks.id`: + - ETH-A, ETH-B, ETH-C, WSTETH-A, WSTETH-B, WBTC-A, WBTC-B, WBTC-C, SSR: + - `cfg.ilks.min`: 200 basis points + - `cfg.ilks.max`: 3,000 basis points + - `cfg.ilks.step`: 400 basis points + - For the following `cfg.ilks.id`: + - ALLOCATOR-SPARK-A, ALLOCATOR-NOVA-A, ALLOCATOR-BLOOM-A, DSR: + - `cfg.ilks.min`: 0 basis points + - `cfg.ilks.max`: 3,000 basis points + - `cfg.ilks.step`: 400 basis points +- Add SP-BEAM to the [Chainlog](https://chainlog.sky.money) as `MCD_SPBEAM` at [0x36B072ed8AFE665E3Aa6DaBa79Decbec63752b22](https://etherscan.io/address/0x36B072ed8AFE665E3Aa6DaBa79Decbec63752b22). +- Add SPBEAMMom to the [Chainlog](https://chainlog.sky.money) as `SPBEAM_MOM` at [0xf0C6e6Ec8B367cC483A411e595D3Ba0a816d37D0](https://etherscan.io/address/0xf0C6e6Ec8B367cC483A411e595D3Ba0a816d37D0). + +### Sky Token Rewards Rebalance + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/sky-token-rewards-update-april-17-spell/26254/5) +- **Proposal**: [Forum Post](https://forum.sky.money/t/sky-token-rewards-update-april-17-spell/26254) + +If this executive proposal passes, then the [Sky Token Rewards (SKY to USDS)](https://info.sky.money/rewards/0x0650caf159c5a49f711e8169d4336ecb9b950275) APY will be adjusted to match the SSR by changing the rewards distribution rate through the following actions: + +- Yank `MCD_VEST_SKY` vest with ID 1. +- Claim the remaining tokens from the old DssVest by calling `VestedRewardsDistribution.distribute()`. +- Create a new `MCD_VEST_SKY` stream with the following parameters: + - Rewards Distribution Rate: 160 million + - Rewards Distribution Cap: 176 million + - Start Date relative to the spell cast time: + - `vestBgn`: `block.timestamp` + - End Date relative to the spell cast time: + - `vestTau`: 182 days + - `vestFin`: `block.timestamp` + 182 days +- File the new stream ID on `REWARDS_DIST_USDS_SKY`. + +### Set Aave Lido Market (Prime Market) Direct Deposit Module Debt Ceiling to 0 + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/spark-aave-lido-market-usds-allocation/25311/25) +- **Proposal**: [Forum post](https://forum.sky.money/t/spark-aave-lido-market-usds-allocation/25311/24) + +If this executive proposal passes, then the Aave Lido Market (Prime Market) Direct [Deposit Module (DDM)](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.4_Debt_Ceiling_Instant_Access_Module_(DC_IAM)/071d42e3-8a21-4401-852e-0b52c49768bb%7C57eaf45219bea3b430c2) [Debt Ceiling (DC)](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.4.1_Maximum_Debt_Ceiling_(line)/6f1a913d-9436-4b70-816b-e317672737d6%7C57eaf45219bea3b430c268bb) will be set to 0 by executing the following actions: + +- Remove `DIRECT-SPK-AAVE-LIDO-USDS` from autoline. +- Set `DIRECT-SPK-AAVE-LIDO-USDS` DC to zero. + +### Smart Burn Engine Changes + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/smart-burn-engine-parameter-update-april-17-spell/26253/2) +- **Proposal**: [Forum post](https://forum.sky.money/t/smart-burn-engine-parameter-update-april-17-spell/26253) + +If this executive proposal passes, then the `Splitter.hop` SBE [parameter](https://sky-atlas.powerhouse.io/A.3.6.2_Surplus_Buffer_Splitter_Parameters/122f2ff0-8d73-80f8-9a2a-d221794f73f5|57ea2c54) will be updated as follows: + +- Increase `Splitter.hop` by 493 seconds from 1,235 seconds to **1,728 seconds**. + +### Launch Project Funding + +- **Authorization**: [Atlas A.5.6](https://sky-atlas.powerhouse.io/A.5.6_Launch_Project/1f433d9d-7cdb-406f-b7e8-f9bc4855eb77%7C8d5a) +- **Proposal**: [Forum post](https://forum.sky.money/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/30) + +If this executive proposal passes, then the following [Launch Project](https://sky-atlas.powerhouse.io/A.5.5_Launch_Project/1f433d9d-7cdb-406f-b7e8-f9bc4855eb77|8d5a) funding distributions will be made: + +- Transfer **5 million USDS** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). +- Transfer **24 million SKY** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). + +### Spark-Aave Revenue Share Payment + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/spark-aave-revenue-share-calculation-payment-7-q1-2025/26219/2) +- **Proposal**: [Forum post](https://forum.sky.money/t/spark-aave-revenue-share-calculation-payment-7-q1-2025/26219) + +If this executive proposal passes, then a payment of **256,888 DAI** will be made to a smart contract controlled by Aave Governance at [0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c](https://etherscan.io/address/0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c) as part of the SparkLend-Aave Revenue Share. + +### Aligned Delegate Compensation for March 2025 + +- **Authorization**: [Atlas A.1.5.8](https://sky-atlas.powerhouse.io/A.1.5.8_Budget_For_Prime_Delegate_Slots/e3e420fc-9b1f-4fdc-9983-fcebc45dd3aa%7C0db3af4ece0c) +- **Proposal**: [Forum post](https://forum.sky.money/t/march-2025-aligned-delegate-compensation/26255) + +If this executive proposal passes, then a total of **24,000 USDS** will be distributed to seven Aligned Delegates and their teams as compensation for March 2025. + +| Delegate | Amount (USDS) | Address | +|-------------|--------------:|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 4,000 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Bonapublica | 4,000 | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) | +| Cloaky | 4,000 | [0x9244F47D70587Fa2329B89B6f503022b63Ad54A5](https://etherscan.io/address/0x9244F47D70587Fa2329B89B6f503022b63Ad54A5) | +| JuliaChang | 4,000 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| WBC | 4,000 | [0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47](https://etherscan.io/address/0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47) | +| PBG | 3,355 | [0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2](https://etherscan.io/address/0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2) | +| Byteron | 645 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | + +### Atlas Core Development Payments + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/atlas-core-development-payment-requests-april-2025/26221/6), [Atlas Axis Approval](https://forum.sky.money/t/atlas-core-development-payment-requests-april-2025/26221/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/atlas-core-development-payment-requests-march-2025/26077) + +If this executive proposal passes, then a total of **97,584 USDS** and **618,000 SKY** will be distributed for Atlas Core Development funding. + +#### USDS Payments + +| Recipient | Amount (USDS) | Address | +|-----------|--------------:|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 50,167 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Ennoia | 20,000 | [0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b](https://etherscan.io/address/0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b) | +| Cloaky | 16,417 | [0x9244F47D70587Fa2329B89B6f503022b63Ad54A5](https://etherscan.io/address/0x9244F47D70587Fa2329B89B6f503022b63Ad54A5) | +| Kohla | 11,000 | [0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a](https://etherscan.io/address/0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a) | + +#### SKY Payments + +| Recipient | Amount (SKY) | Address | +|-----------|-------------:|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 330,000 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 288,000 | [0x9244F47D70587Fa2329B89B6f503022b63Ad54A5](https://etherscan.io/address/0x9244F47D70587Fa2329B89B6f503022b63Ad54A5) | + +### Spark Proxy Spell + +If this executive proposal passes, then a Spark Proxy Spell will be executed at [0xA8FF99Ac98Fc0C3322F639a9591257518514455c](https://etherscan.io/address/0xA8FF99Ac98Fc0C3322F639a9591257518514455c) with the following contents. + +#### [Arbitrum] Spark Liquidity Layer - Onboard Fluid sUSDS + +- **Authorization**: [Governance Poll 1202](https://vote.makerdao.com/polling/QmZbk3gD) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234) + +Onboard Fluid sUSDS onto the Spark Liquidity Layer on Arbitrum with the following [Rate Limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- Deposits + - `Max amount`: **10 million USDS worth of sUSDS** + - `Slope`: **5 million USDS worth of sUSDS** +- Withdrawals + - `Max amount`: **unlimited** + +#### [Mainnet] Spark Liquidity Layer - Onboard SparkLend DAI + +- **Authorization**: [Governance Poll 1224](https://vote.makerdao.com/polling/QmbNssss) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234) + +Onboard Mainnet SparkLend DAI to the Spark Liquidity Layer with the following [Rate Limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- Deposits + - `Max amount`: **100 million DAI** + - `Slope`: **50 million DAI per day** +- Withdrawals + - `Max amount`: **unlimited** + + +#### [Mainnet] Spark Liquidity Layer - Onboard Curve sUSDS/USDT Pool + +- **Authorization**: [Governance Poll 1223](https://vote.makerdao.com/polling/QmWgkXDA) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234) + +Onboard the Curve sUSDS/USDT pool to the Spark Liquidity Layer on Mainnet with the following [Rate Limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- Swap + - `Max amount`: **5 million** + - `Slope`: **20 million per day** + - `Max slippage`: **0.15%** +- Deposits + - `Max amount`: **5 million** + - `Slope`: **20 million per day** + - `Max slippage`: **0.15%** +- Withdrawals + - `Max amount`: **25 million** + - `Slope`: **100 million per day** + - `Max slippage`: **0.15%** + +#### [Mainnet] Spark Liquidity Layer - Onboard Curve USDC/USDT Pool + +- **Authorization**: [Governance Poll 1222](https://vote.makerdao.com/polling/QmWju9Uu) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234) + +Onboard the Curve USDC/USDT pool to the Spark Liquidity Layer on Mainnet with the following [Rate Limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- Swap + - `Max amount`: **5 million** + - `Slope`: **20 million per day** + - `Max slippage`: **0.15%** +- Deposit + - `Max amount`: **0** +- Withdrawals + - `Max amount`: **0** + +#### [Mainnet] SparkLend - Adjust cbBTC and tBTC Interest Rate Models + +- **Authorization**: [Governance Poll 1227](https://vote.makerdao.com/polling/Qmc3WXej) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234) + +Adjust the cbBTC and tBTC [Interest Rate Models](https://github.com/makerdao/next-gen-atlas/blob/7cf37209d2c32b88fc9dbb2017dca30b02b66a44/Sky%20Atlas/Sky%20Atlas.html#L8525) as follows: + +- [Optimal utilization ratio](https://github.com/makerdao/next-gen-atlas/blob/7cf37209d2c32b88fc9dbb2017dca30b02b66a44/Sky%20Atlas/Sky%20Atlas.html#L8620): Increase by 20 percentage points from 60% to **80%**. +- [Base rate](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.13_Base_Rate_Definition/1c1f2ff0-8d73-81c1-9b9b-ef4b84c1450f|7896ed3326389fe3553030cd0a82f68efd49): Keep unchanged at **0%**. +- [Slope 1](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.15_Slope_1_Definition/1c1f2ff0-8d73-81be-9f17-d7d4bfc6cb59|7896ed3326389fe3553030cd0a82f68efd49): Decrease by 3 percentage points from 4% to **1%**. +- [Slope 2](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.17_Slope_2_Definition/1c1f2ff0-8d73-8199-aa99-dde95c3f7130|7896ed3326389fe3553030cd0a82f68efd49): Keep unchanged at **300%**. + +#### [Mainnet] SparkLend - Reduce WBTC LT + +- **Authorization**: [Governance Poll 1229](https://vote.makerdao.com/polling/QmU3y9jf) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234) + +Reduce the WBTC [Liquidation Threshold](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.5_Liquidation_Threshold_Definition/1c1f2ff0-8d73-81ea-bd7e-feb73a44923a%7C7896ed3326389fe3553030cd0a82f68efd49) as follows: + +- Reduce WBTC Liquidation Threshold by 5 percentage points from 50% to **45%**. + +#### [Mainnet] SparkLend - Add sUSDS to USD Emode + +- **Authorization**: [Governance Poll 1226](https://vote.makerdao.com/polling/QmQk4XKy) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234) + +Add sUSDS to the USD-correlated [E-mode](https://sky-atlas.powerhouse.io/A.AG1.3.2.2.1.1.6_High_Efficiency_Mode_Category_Definition/1c1f2ff0-8d73-815c-8a8f-f3a095137e06|7896ed3326389fe3553030cd0a82f68efd49). + +#### [Mainnet] Morpho DAI Vault - Onboard July sUSDe PT + +- **Authorization**: [Governance Poll 1228](https://vote.makerdao.com/polling/QmQgnWbX) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234) + +Onboard PT-sUSDe-31July2025 to the Morpho DAI vault with the following parameters: + +- Pool LLTV: **91.5%** +- Pendle oracle discount rate: **20% APY** +- Supply cap: **400 million DAI** + +#### [Mainnet, Base, Arbitrum] Spark Liquidity Layer - Upgrade Controller to v1.4.0 on All Chains + +- **Authorization**: [Governance Poll 1225](https://vote.makerdao.com/polling/QmRkQDMT) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-17-2025-proposed-changes-to-spark-for-upcoming-spell/26234) + +Upgrade the [Spark ALM Controller](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller) to [v1.4.0](https://github.com/sparkdotfi/spark-alm-controller/commit/b618c3fb1508ce29ac9e92e3bf55229cd1a66d8a) on all chains. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - April 22, 2024.md b/governance/votes/Executive vote - April 22, 2024.md new file mode 100644 index 000000000..a9fe7fce3 --- /dev/null +++ b/governance/votes/Executive vote - April 22, 2024.md @@ -0,0 +1,274 @@ +--- +title: Template - [Executive Vote] Stability Fee Changes, DSR Decrease, March 2024 AD Compensation, Q1 2024 AVC Member Participation Rewards, Aave-SparkLend Revenue Share, Whitelist New Address in the RWA015-A Output Conduit, USDP Input Conduit Management, Spark Proxy Spell - April 22, 2024 +summary: Multiple Stability Fee decreases, DSR Decrease, Distribute AD compensation for March 2024 and AVC Member participation rewards for Q1 2024, transfer Dai to Aave as part of the SparkLend revenue sharing agreement, whitelist a new BlockTower address in the RWA015-A output conduit, convert USDP to Dai and deposit to the Surplus Buffer, trigger a Spark proxy spell on Ethereum and Gnosis. +date: 2024-04-22T00:00:00.000Z +address: "0x65eEEfa08204b9717502398Abf37C52D91fb6693" + +--- +# [Executive Proposal] March 2024 AD Compensation, Q1 2024 AVC Member Participation Rewards, Aave-SparkLend Revenue Share, Whitelist New Address in the RWA015-A Output Conduit, USDP Input Conduit Management, Spark Proxy Spell - April 22, 2024 + +The Governance Facilitators, SideStream, Dewiz, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following actions will occur within the Maker Protocol: + +- Multiple Stability Fees will be decreased. +- The Dai Savings Rate will be decreased. +- A total of **214.55 MKR** will be distributed to eight Aligned Delegates as compensation for March 2024. +- A total of **175.14 MKR** will be distributed to nine AVC members as participation rewards for Q1 2024. +- A total of **238,339 DAI** will be paid to Aave as part of the SparkLend revenue share. +- A new BlockTower address will be whitelisted in the RWA015-A output conduit. +- **84,211.27 USDP** will be pushed out of the MCD PSM PAX Input Conduit Jar. +- A proxy spell for Spark Protocol on Ethereum and Gnosis will be triggered. + +**Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.** + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **30 hours**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + + +### [Stability Fee (SF)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-3-stability-fee-sf-) Changes + +- **Authorization:** [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-12-under-sta-article-3-3/24132/2) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-12-under-sta-article-3-3/24132) + +If this executive proposal passes, as per the recommendation of the Stability Scope Advisory Council Member, BA Labs, the following SFs will be changed: + +- Decrease the ETH-A SF by 3.00% from 13.25% to **10.25%**. +- Decrease the ETH-B SF by 3.00% from 13.75% to **10.75%**. +- Decrease the ETH-C SF by 3.00% from 13.00% to **10.00%**. +- Decrease the WSTETH-A SF by 3.00% from 14.25% to **11.25%**. +- Decrease the WSTETH-B SF by 3.00% from 14.00% to **11.00%**. +- Decrease the WBTC-A SF by 3.00% from 14.75% to **11.75%**. +- Decrease the WBTC-B SF by 3.00% from 15.25% to **12.25%**. +- Decrease the WBTC-C SF by 3.00% from 14.50% to **11.50%**. + +### [Dai Savings Rate (DSR)](https://manual.makerdao.com/parameter-index/core/param-dai-savings-rate) Change + +- **Authorization:** [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-12-under-sta-article-3-3/24132/2) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-12-under-sta-article-3-3/24132) + +If this executive proposal passes, the DSR will change as follows: + +- Decrease the DSR by 3% from 13% to **10%** + +### Aligned Delegate Compensation for March 2024 + +- **Authorization:** [Atlas Section 2.6.3](https://mips.makerdao.com/mips/details/MIP101#2-6-3-aligned-delegate-income-and-participation-requirements) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/march-2024-aligned-delegate-compensation/24088) + +If this executive proposal passes, the following transfers totalling **214.55 MKR** for Aligned Delegate Compensation will be made to qualifying Aligned Delegates. + +| Delegate | Address | Amount (MKR) | +|--|--|--| +| BONAPUBLICA | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) | 41.67 | +| Cloaky | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | 41.67 | +| TRUE NAME | [0x612F7924c367575a0Edf21333D96b15F1B345A5d](https://etherscan.io/address/0x612F7924c367575a0Edf21333D96b15F1B345A5d) | 41.67 | +| BLUE | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | 39.75 | +| vigilant | [0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61](https://etherscan.io/address/0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61) | 13.89 | +| Pipkin | [0x0E661eFE390aE39f90a58b04CF891044e56DEDB7](https://etherscan.io/address/0x0E661eFE390aE39f90a58b04CF891044e56DEDB7) | 13.89 | +| JAG | [0x58D1ec57E4294E4fe650D1CB12b96AE34349556f](https://etherscan.io/address/0x58D1ec57E4294E4fe650D1CB12b96AE34349556f) | 9.08 | +| UPMaker | [0xbB819DF169670DC71A16F58F55956FE642cc6BcD](https://etherscan.io/address/0xbB819DF169670DC71A16F58F55956FE642cc6BcD) | 12.93 | + + +### AVC Members Compensation Q1 2024 + +- **Authorization:** [Atlas Section 2.5.10](https://mips.makerdao.com/mips/details/MIP101#2-5-10-avc-member-participation-rewards) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/avc-member-participation-rewards-q1-2024/24083) + +If this executive proposal passes, the following distributions totalling **175.14 MKR** will be made for Q1 2024 AVC member compensation. + +| AVC Member | Address | Amount (MKR) | +|--|--|--| +| IamMeeoh | [0x47f7A5d8D27f259582097E1eE59a07a816982AE9](https://etherscan.io/address/0x47f7A5d8D27f259582097E1eE59a07a816982AE9) | 20.85 | +| DAI-Vinci | [0x9ee47F0f82F1A6F45C4E1D25Ce95C321D8C8356a](https://etherscan.io/address/0x9ee47F0f82F1A6F45C4E1D25Ce95C321D8C8356a) | 20.85 | +| opensky | [0xf44f97f4113759E0a57756bE49C0655d490Cf19F](https://etherscan.io/address/0xf44f97f4113759E0a57756bE49C0655d490Cf19F) | 20.85 | +| ACRE DAOs | [0xBF9226345F601150F64Ea4fEaAE7E40530763cbd](https://etherscan.io/address/0xBF9226345F601150F64Ea4fEaAE7E40530763cbd) | 20.85 | +| Res | [0x8c5c8d76372954922400e4654AF7694e158AB784](https://etherscan.io/address/0x8c5c8d76372954922400e4654AF7694e158AB784) | 20.85 | +| Harmony | [0xE20A2e231215e9b7Aa308463F1A7490b2ECE55D3](https://etherscan.io/address/0xE20A2e231215e9b7Aa308463F1A7490b2ECE55D3) | 20.85 | +| Libertas | [0xE1eBfFa01883EF2b4A9f59b587fFf1a5B44dbb2f](https://etherscan.io/address/0xE1eBfFa01883EF2b4A9f59b587fFf1a5B44dbb2f) | 20.85 | +| seedlatam.eth | [0xd43b89621fFd48A8A51704f85fd0C87CbC0EB299](https://etherscan.io/address/0xd43b89621fFd48A8A51704f85fd0C87CbC0EB299) | 20.85 | +| 0xRoot | [0xC74392777443a11Dc26Ce8A3D934370514F38A91](https://etherscan.io/address/0xC74392777443a11Dc26Ce8A3D934370514F38A91) | 8.34 | + +### Aave Revenue Share Payment + +- **Authorization:** [Support Scope Section 9.4.1](https://mips.makerdao.com/mips/details/MIP106#9-4-1-spark-protocol-aave-revenue-share) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/spark-aave-revenue-share-calculation-payment-3-q1-2024/24014) + +If this executive proposal passes, a payment from the Surplus Buffer of **238,339 DAI** to a smart contract [0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c](https://etherscan.io/address/0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c) controlled by Aave Governance will be made as part of the Spark Protocol-Aave Revenue Share. + +### Whitelist New Address in the RWA015-A Output Conduit +- **Authorization:** [Ecosystem Approval](https://forum.makerdao.com/t/proposed-housekeeping-items-upcoming-executive-spell-2024-04-18/24084/3) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/proposed-housekeeping-items-upcoming-executive-spell-2024-04-18/24084) + +If this executive proposal passes, the following address will be whitelisted in the `RWA015-A` output conduit: + +- [0x6759610547a36E9597Ef452aa0B9cace91291a2f](https://etherscan.io/address/0x6759610547a36E9597Ef452aa0B9cace91291a2f) + +### Push USDP Out of the Input Conduit + +- **Authorization:** [Ecosystem Approval](https://forum.makerdao.com/t/proposed-housekeeping-items-upcoming-executive-spell-2024-04-18/24084/3) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/proposed-housekeeping-items-upcoming-executive-spell-2024-04-18/24084) + +If this executive proposal passes, following the recommendation of the Governance Facilitators in collaboration with the spell team, the following operations will be performed: + +- Raise the PSM_PAX_A Debt Ceiling to **100,000 DAI**. +- Call `push(uint256 amt)` on the the PSM_PAX_A_INPUT_CONDUIT_JAR contract with an amount of **84,211.27 USDP**, depositing the contents of the contract to the PSM and receiving an identical amount of Dai into the PSM_PAX_A_JAR contract. +- Call `void()` on the PSM_PAX_A_JAR contract to deposit the Dai to the Surplus Buffer. +- Decrease Debt Ceiling of PSM_PAX_A back to **0 DAI**. + +This will have the following net results: + +- The PSM_PAX_A Debt Ceiling remains at 0 DAI after the transaction has been executed. +- Dai generated from PSM_PAX_A increases by **84,211.27 DAI**. +- USDP balance of MCD_JOIN_PSM_PAX_A increases by **84,211.27 USDP**. +- USDP balance of PSM_PAX_A_INPUT_CONDUIT_JAR decreases to **0 USDP**. +- Surplus Buffer increases by **84,211.27 DAI**. + +### Trigger Spark Proxy Spell + +- **Authorization:** [Ecosystem Approval](https://forum.makerdao.com/t/apr-4-2024-proposed-changes-to-sparklend-for-upcoming-spell/24033/7), Governance Polls [1095](https://vote.makerdao.com/polling/QmfGV2vt), [1096](https://vote.makerdao.com/polling/QmSYZSCQ), [1097](https://vote.makerdao.com/polling/QmcRdMyA), [1098](https://vote.makerdao.com/polling/QmSh8gyC), [1099](https://vote.makerdao.com/polling/QmUhT32b), [1100](https://vote.makerdao.com/polling/QmZND8WW), [1104](https://vote.makerdao.com/polling/QmVXriiT), [1106](https://vote.makerdao.com/polling/QmVsKsGa) +- **Proposal:** [Forum post "[Apr 4, 2024] Proposed Changes to SparkLend for Upcoming Spell"](https://forum.makerdao.com/t/apr-4-2024-proposed-changes-to-sparklend-for-upcoming-spell/24033), [Forum post "SparkLend External Security Access Multisig for Freezer Mom"](https://forum.makerdao.com/t/sparklend-external-security-access-multisig-for-freezer-mom/24070) + +If this executive proposal passes, the SparkLend Proxy Spell on Ethereum at [0x151D5fA7B3eD50098fFfDd61DB29cB928aE04C0e](https://etherscan.io/address/0x151D5fA7B3eD50098fFfDd61DB29cB928aE04C0e) will be executed, containing the following items: + +#### [Ethereum+Gnosis] Upgrade Pool Implementation to Disable Flashloan into Borrow Feature + +This item upgrades the SparkLend pool implementation to disable the flashloan-to-borrow feature, reducing unnecessary risks and aligning with the latest Aave V3 release standards for enhanced security. + +#### [Gnosis] Onboard sxDAI + +This item proposes to onboard sxDAI (Savings xDAI), a yield-enhanced version of sDAI on the Gnosis Chain, as collateral with the following parameters: + +* Collateral: Yes + * Max LTV: 70% + * Liquidation threshold: 75% + * Liquidation bonus: 6% + * Liquidation protocol fee: 10% +* Isolation mode: No +* Efficiency mode: No +* Borrowable: No +* Supply cap: 40,000,000 sxDAI +* Borrow cap: N/A + +#### [Gnosis] Onboard EURe + +This item proposes to onboard EURe (Monerium EUR emoney) on the Gnosis Chain with the following parameters: + +* Collateral: No +* Isolation mode: N/A +* Efficiency mode: N/A +* Borrowable: Yes + * Base borrow rate: 0% + * Optimal borrow rate: 7% + * Max borrow rate: 57% + * Optimal Utilization: 90% + * Reserve factor: 10% + * Borrowable in isolation mode: No + * Siloed borrowing: Yes +* Supply cap: 5,000,000 EURe +* Borrow cap: 4,000,000 EURe +* Oracle: EURUSD + +#### [Gnosis] Onboard USDC + +This item proposes to onboard USDC (Circle USDC) on the Gnosis Chain with the following parameters: + +* Collateral: No +* Isolation mode: N/A +* Efficiency mode: N/A +* Borrowable: Yes + * Base borrow rate: 0% + * Optimal borrow rate: 12% + * Max borrow rate: 62% + * Optimal Utilization: 90% + * Reserve factor: 10% + * Borrowable in isolation mode: Yes + * Siloed borrowing: Yes +* Supply cap: 10,000,000 USDC +* Borrow cap: 8,000,000 USDC +* Oracle: Fixed 1:1 USD pricing + +#### [Gnosis] Onboard USDT + +This item proposes to onboard USDT (Tether USDT) on the Gnosis Chain with the following parameters: + +* Collateral: No +* Isolation mode: N/A +* Efficiency mode: N/A +* Borrowable: Yes + * Base borrow rate: 0% + * Optimal borrow rate: 12% + * Max borrow rate: 62% + * Optimal Utilization: 90% + * Reserve factor: 10% + * Borrowable in isolation mode: Yes + * Siloed borrowing: Yes +* Supply cap: 10,000,000 USDT +* Borrow cap: 8,000,000 USDT +* Oracle: Fixed 1:1 USD pricing + +#### [Gnosis] Refresh Existing Market Parameters + +This item updates Gnosis market parameters, including a significant adjustment of the xDAI interest rate model to align with current conditions and the introduction of sxDAI as collateral. + +**xDAI Parameters:** + +* Collateral: Yes + * Max LTV: 0% + * Liquidation threshold: 75% + * Liquidation bonus: 5% +* Isolation mode: No +* Efficiency mode: No +* Borrowable: Yes + * Base borrow rate: 0% + * Optimal borrow rate: 12% + * Max borrow rate: 62% + * Optimal Utilization: 90% + * Reserve factor: 5% + * Borrowable in isolation mode: Yes + * Siloed borrowing: No +* Supply cap: 20,000,000 xDAI +* Borrow cap: 16,000,000 xDAI + +**Cap Parameter Changes:** + +* GNO supply cap: 100,000 GNO (100,000 GNO decrease) +* wstETH supply cap: 15,000 wstETH (5,000 wstETH increase) + + +#### [Gnosis] Update xDAI Oracle Parameter + +This item suggests changing the oracle for xDAI from the Chainlink DAI price feed to a fixed 1:1 USD pricing. + +#### [Ethereum] Activate the SparkLend External Security Access Multisig + +This item activates the [SparkLend External Security Access](https://mips.makerdao.com/mips/details/MIP113#10-3-1-multisig-freeze-of-sparklend) Multisig with the Ethereum Address [0x44efFc473e81632B12486866AA1678edbb7BEeC3](https://etherscan.io/address/0x44efFc473e81632B12486866AA1678edbb7BEeC3), which enables emergency interventions in extreme cases like potential code exploits threatening the protocol. Governed by selected members from the community, this feature aims to provide quick responses to emergencies, complementing existing governance processes. + +#### [Ethereum] Decrease the Effective DAI Borrow Rate + +If this executive proposal passes, as per the recommendation of the Stability Scope Advisory Council Member, BA Labs, the following changes will be made: + +- Decrease the Effective DAI Borrow Rate by 3 percentage points from 14.00% to **11.00%**. + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - April 3, 2025.md b/governance/votes/Executive vote - April 3, 2025.md new file mode 100644 index 000000000..20c7ee2c6 --- /dev/null +++ b/governance/votes/Executive vote - April 3, 2025.md @@ -0,0 +1,253 @@ +--- +title: Template - [Executive Vote] ALLOCATOR-BLOOM-A Initialization, Smart Burn Engine Parameter Update, Spark Tokenization Grand Prix DAO Resolution, Spark Proxy Spell - April 3, 2025 +summary: Initialize the ALLOCATOR-BLOOM-A vault, update the Smart Burn Engine hop parameter, approve Spark Tokenization Grand Prix DAO Resolution, trigger a Spark Proxy Spell. +date: 2025-04-03T00:00:00.000Z +address: "0x6D89a389C59113a9DA17f094c9b8772A97854593" + +--- +# [Executive Proposal] ALLOCATOR-BLOOM-A Initialization, Smart Burn Engine Parameter Update, Spark Tokenization Grand Prix DAO Resolution, Spark Proxy Spell - April 3, 2025 + +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- ALLOCATOR-BLOOM-A will be initialized as described below. +- The Smart Burn Engine `hop` parameter will be updated as described below. +- A DAO Resolution for the Spark Tokenization Grand Prix will be approved. +- A Spark proxy spell at [0x6B34C0E12C84338f494efFbf49534745DDE2F24b](https://etherscan.io/address/0x6B34C0E12C84338f494efFbf49534745DDE2F24b#code) will be executed. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**18 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### ALLOCATOR-BLOOM-A Initialization + +- **Authorization**: [Protocol Facilitator Approval](https://forum.sky.money/t/technical-scope-of-the-star-2-allocator-launch/26190/3) +- **Proposal**: [Forum Post](https://forum.sky.money/t/technical-scope-of-the-star-2-allocator-launch/26190) + +#### Allocator Initialization Parameters + +If this executive proposal passes, then [AllocatorInit.initilk](https://github.com/makerdao/dss-allocator/blob/226584d3b179d98025497815adb4ea585ea0102d/deploy/AllocatorInit.sol#L97-L164) will be called with the following parameters: + +- `sharedInstance.oracle` - **PIP_ALLOCATOR** from Chainlog. +- `sharedInstance.roles` - **ALLOCATOR_ROLES** from Chainlog. +- `sharedInstance.registry` - **ALLOCATOR_REGISTRY** from Chainlog. +- `ilkInstance.owner` - **MCD_PAUSE_PROXY** from Chainlog. +- `ilkInstance.vault` - [**0x26512A41C8406800f21094a7a7A0f980f6e25d43**](https://etherscan.io/address/0x26512A41C8406800f21094a7a7A0f980f6e25d43) (`AllocatorVault` contract). +- `ilkInstance.buffer` - [**0x629aD4D779F46B8A1491D3f76f7E97Cb04D8b1Cd**](https://etherscan.io/address/0x629aD4D779F46B8A1491D3f76f7E97Cb04D8b1Cd) (`AllocatorBuffer` contract). +- `cfg.ilk` - **ALLOCATOR-BLOOM-A** +- `cfg.duty` - **0%**. +- `cfg.gap` - **10 million USDS**. +- `cfg.maxLine` - **10 million USDS**. +- `cfg.ttl` - **86,400 seconds**. +- `cfg.allocatorProxy` - [**0x1369f7b2b38c76B6478c0f0E66D94923421891Ba**](https://etherscan.io/address/0x1369f7b2b38c76B6478c0f0E66D94923421891Ba) (`SubProxy` contract). +- `cfg.ilkRegistry` - **ILK_REGISTRY** from Chainlog. + +As a result, a new vault called ALLOCATOR-BLOOM-A will be created with the following parameters: + +- [Stability Fee](https://sky-atlas.powerhouse.io/A.3.7.1.1.2.3_Stability_Fee/67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) - **0%**. +- [Maximum Debt Ceiling (`line`)](https://sky-atlas.powerhouse.io/A.3.7.1.1.2.4.1_Maximum_Debt_Ceiling_(line)/6f1a913d-9436-4b70-816b-e317672737d6|57eaf45219bea3b430c268bb) - **10 million USDS**. +- [Target Available Debt (`gap`)](https://sky-atlas.powerhouse.io/A.3.7.1.1.2.4.2_Target_Available_Debt_(gap)/c1e17312-3744-4360-81f4-03564f0dd09d|57eaf45219bea3b430c268bb) - **10 million USDS**. +- [Ceiling Increase Cooldown (`ttl`)](https://sky-atlas.powerhouse.io/A.3.7.1.1.2.4.3_Ceiling_Increase_Cooldown_(ttl)/58f5315f-938f-464c-b2d2-f611145d469a|57eaf45219bea3b430c268bb) - **86,400 seconds**. + +#### Chainlog Key Removal + +If this executive proposal passes, the newly created `PIP_ALLOCATOR_BLOOM_A` key will be removed from the [Chainlog](https://chainlog.sky.money). + +#### Add ALLOCATOR-BLOOM-A to the LineMom + +If this executive proposal passes, ALLOCATOR-BLOOM-A will be added to the [LineMom](https://sky-atlas.powerhouse.io/A.1.9.2.2.3_Debt_Ceiling_Breaker_Exception/8c27b081-2db5-4e8f-9b5c-f5cf0f8d3102|0db30758e055352c). + +### Smart Burn Engine `hop` Parameter Update + +- **Authorization**: [Governance Poll 1216](https://vote.makerdao.com/polling/Qmf3cZuM) +- **Proposal**: [Forum Post](https://forum.sky.money/t/smart-burn-engine-parameter-update-april-3-spell/26201) + +If this executive proposal passes, then the Smart Burn Engine `hop` parameter will be updated as follows: + +- Reduce the `hop` parameter by 493 seconds from 1,728 seconds to **1,235 seconds**. + +### Spark Tokenization Grand Prix DAO Resolution Approval + +- **Authorization**: [Stability Facilitator Approval](https://forum.sky.money/t/spark-tokenization-grand-prix-legal-overview-of-selected-products/26154/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/spark-tokenization-grand-prix-legal-overview-of-selected-products/26154) + +If this executive proposal passes, the DAO Resolution with IPFS hash [bafkreidmumjkch6hstk7qslyt3dlfakgb5oi7b3aab7mqj66vkds6ng2de](https://ipfs.io/ipfs/bafkreidmumjkch6hstk7qslyt3dlfakgb5oi7b3aab7mqj66vkds6ng2de) will be approved. + +### Spark Proxy Spell + +- **Authorization**: [Stability Facilitator Approval 1](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155/7), [2](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell-2/26203/4) +- **Proposal**: [Forum Posts 1](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155), [2](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell-2/26203) + +If this executive proposal passes, then a Spark Proxy Spell will be executed at [0x6B34C0E12C84338f494efFbf49534745DDE2F24b](https://etherscan.io/address/0x6B34C0E12C84338f494efFbf49534745DDE2F24b#code) with the following contents. + +#### Spark Liquidity Layer - Increase USDC Rate Limit for SparkLend + +- **Authorization**: [Governance Poll 1209](https://vote.makerdao.com/polling/QmWQCbns) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155) + +Increase USDC rate limits for SparkLend in the Spark Liquidity Layer on mainnet, with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- Deposits + - `Max amount`: increase by 80 million USDC from 20 million USDC to **100 million USDC** + - `Slope`: increase by 40 million USDC per day from 10 million USDC per day to **50 million USDC per day** +- Withdrawals + - `Max amount`: **Unlimited** + +#### Spark Liquidity Layer Mainnet - Spark Tokenization Grand Prix - Add Backup Relayer + +- **Authorization**: [Stability Facilitator Approval](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155/12) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155/10) + +Update ALM Controller and add Backup Relayer at [0x8Cc0Cb0cfB6B7e548cfd395B833c05C346534795](https://etherscan.io/address/0x8Cc0Cb0cfB6B7e548cfd395B833c05C346534795#code). The Backup Relayer can take over if the primary offchain controller malfunctions or is compromised. This is considered part of safety and security of the module. + +#### Spark Liquidity Layer Mainnet - Spark Tokenization Grand Prix - Onboard BlackRock BUIDL-I + +- **Authorization**: [Governance Poll 1210](https://vote.makerdao.com/polling/QmSwQ6Wc) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155) + +Onboard BUIDL-I to the Spark Liquidity Layer on mainnet with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- Deposits + - `Max amount`: **500 million USDC** + - `Slope`: **100 million USDC** +- Withdrawals + - `Max amount`: **Unlimited** + +Token address: [0x6a9DA2D710BB9B700acde7Cb81F10F1fF8C89041](https://etherscan.io/address/0x6a9DA2D710BB9B700acde7Cb81F10F1fF8C89041) +BUIDL-I Deposit address: [0xD1917664bE3FdAea377f6E8D5BF043ab5C3b1312](https://etherscan.io/address/0xD1917664bE3FdAea377f6E8D5BF043ab5C3b1312) +BUIDL-I Redeem address: [0x8780Dd016171B91E4Df47075dA0a947959C34200](https://etherscan.io/address/0x8780Dd016171B91E4Df47075dA0a947959C34200) + +#### Spark Liquidity Layer Mainnet - Spark Tokenization Grand Prix - Onboard Centrifuge JTRSY + +- **Authorization**: [Governance Poll 1211](https://vote.makerdao.com/polling/QmehvjH9) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155) + +Onboard Centrifuge JTRSY to the Spark Liquidity Layer on mainnet with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- Deposits + - `Max amount`: **200 million USDC** + - `Slope`: **100 million USDC** +- Withdrawals + - `Max amount`: **Unlimited** + +Token address: [0x8c213ee79581Ff4984583C6a801e5263418C4b86](https://etherscan.io/address/0x8c213ee79581Ff4984583C6a801e5263418C4b86) + +#### Spark Liquidity Layer Mainnet - Spark Tokenization Grand Prix - Onboard Superstate USTB + +- **Authorization**: [Governance Poll 1213](https://vote.makerdao.com/polling/QmTE29em) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155) + +Onboard Superstate USTB to the Spark Liquidity Layer on mainnet with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- Deposits + - `Max amount`: **300 million USDC** + - `Slope`: **100 million USDC** +- Withdrawals + - `Max amount`: **Unlimited** + +Token address: [0x43415eB6ff9DB7E26A15b704e7A3eDCe97d31C4e](https://etherscan.io/address/0x43415eB6ff9DB7E26A15b704e7A3eDCe97d31C4e) +USTB Deposit address: [0x43415eB6ff9DB7E26A15b704e7A3eDCe97d31C4e](https://etherscan.io/address/0x43415eB6ff9DB7E26A15b704e7A3eDCe97d31C4e#code) (subscribe function) +USTB Redeem address (instant liquidity): [0x4c21B7577C8FE8b0B0669165ee7C8f67fa1454Cf](https://etherscan.io/address/0x4c21B7577C8FE8b0B0669165ee7C8f67fa1454Cf#code) (redeem function) + +#### Spark Liquidity Layer Mainnet - Onboard Maple syrupUSDC + +- **Authorization**: [Governance Poll 1212](https://vote.makerdao.com/polling/QmSytTo4) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155) + +Onboard Maple syrupUSDC to the Spark Liquidity Layer on mainnet with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- Deposits + - `Max amount`: **25 million USDC** + - `Slope`: **5 million USDC** +- Withdrawals + - `Max amount`: **Unlimited** + +Token address: [0x80ac24aA929eaF5013f6436cdA2a7ba190f5Cc0b](https://etherscan.io/address/0x80ac24aA929eaF5013f6436cdA2a7ba190f5Cc0b) + +#### SparkLend Ethereum - Increase USDC Supply and Borrow Caps + +- **Authorization**: [Governance Poll 1214](https://vote.makerdao.com/polling/QmZGQhkG) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155) + +Increase the USDC supply/borrow caps on SparkLend Ethereum as follows: + +- Supply cap + - `gap`: set to **150 million USDC** ([previously unset](https://forum.sky.money/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739/2)). + - `max`: increase by 940 million USDC from 60 million USDC to **1 billion USDC**. +- Borrow cap + - `gap`: increase by 44 million USDC from 6 million USDC to **50 million USDC**. + - `max`: increase by 893 million USDC from 57 million UDSC to **950 million USDC**. + +The `ttl` will remain unchanged at **12 hours** for both borrow and supply cap automators. + +The definitions for these parameters can be found [in the Atlas under 3.9, Measures For Endgame Transition - SparkLend Risk Parameters - Cap Automators](https://github.com/makerdao/next-gen-atlas/blob/7c760dc4d688220f2b954120597a69c1e108bd5a/Sky%20Atlas/Sky%20Atlas.html#L8989). + +#### Spark Liquidity Layer Mainnet - Modify USDS Mint Rate Limits + +- **Authorization**: [Governance Poll 1218](https://vote.makerdao.com/polling/QmNZVfSq) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell-2/26203) + +Increase [rate limit](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits) parameters for Spark Liquidity Layer Mainnet USDS mints: + +- Increase Max amount by 150 million USDS from 50 million USDS to **200 million USDS**. +- Increase Slope by 150 million USDS from 50 million USDS per day to **200 million USDS per day**. + +#### Spark Liquidity Layer Mainnet - Adjust USDC PSM Swap Rate Limits + +- **Authorization**: [Governance Poll 1219](https://vote.makerdao.com/polling/QmT87a3p) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell-2/26203) + +Increase [rate limit](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits) parameters for Spark Liquidity Layer Mainnet USDC PSM swaps: + +- Increase Max amount by 150 million USDC from 50 million USDC to **200 million USDC**. +- Increase Slope by 150 million USDC from 50 million USDC per day to **200 million USDC per day**. + +#### SparkLend Mainnet - Update Morpho DAI Vault Supply Caps + +- **Authorization**: [Governance Poll 1217](https://vote.makerdao.com/polling/QmXAJTvs) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell-2/26203) + +Update Morpho DAI vault Supply Caps as follows: + +- Decrease [PT-USDe-27Mar2025 91.5% pool](https://morpho.blockanalitica.com/ethereum/markets/ab0dcab71e65c05b7f241ea79a33452c87e62db387129e4abe15e458d433e4d8) Supply Cap by 100 million DAI from 100 million DAI to **0 DAI**. +- Decrease [PT-sUSDe-27Mar2025 91.5% pool](https://morpho.blockanalitica.com/ethereum/markets/5e3e6b1e01c5708055548d82d01db741e37d03b948a7ef9f3d4b962648bcbfa7) Supply Cap by 500 million DAI from 500 million DAI to **0 million DAI**. +- Increase [PT-sUSDe-29May2025 91.5% pool](https://morpho.blockanalitica.com/ethereum/markets/ae4571cdcad4191b9a59d1bb27a10a1b05c92c84fe423e4886d5781a30a9c8f1) Supply Cap by 200 million DAI from 200 million DAI to **400 million DAI**. + +#### SparkLend Mainnet - Increase rsETH Supply Cap Gap and Supply Cap Max + +- **Authorization**: [Governance Poll 1220](https://vote.makerdao.com/polling/QmY6tE6h) +- **Proposal**: [Forum Post](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell-2/26203) + +Increase the rsETH supply cap `gap` and `max` parameters on SparkLend Mainnet as follows: + +- Increase `gap` by 3,000 rsETH from 2,000 rsETH to **5,000 rsETH**. +- Increase `max` by 20,000 rsETH from 20,000 rsETH to **40,000 rsETH**. + +The definitions for these parameters can be found [in the Atlas under 3.9, Measures For Endgame Transition - SparkLend Risk Parameters - Cap Automators](https://github.com/makerdao/next-gen-atlas/blob/7c760dc4d688220f2b954120597a69c1e108bd5a/Sky%20Atlas/Sky%20Atlas.html#L8989). + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.sky.money/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - August 12, 2024.md b/governance/votes/Executive vote - August 12, 2024.md new file mode 100644 index 000000000..19bc276cb --- /dev/null +++ b/governance/votes/Executive vote - August 12, 2024.md @@ -0,0 +1,213 @@ +--- +title: Template - [Executive Vote] WBTC Vault Debt Ceiling Reductions, Stability Scope Parameter Changes, Bug Bounty Payments, ClipperMomJob Update, July 2024 Aligned Delegate Compensation, 6S Capital Stability Fee Increase, Monetalis Clydesdale and Coinbase Custody DAO Resolutions, Spark Proxy Spell - August 12, 2024 +summary: Reduce Debt Ceiling for WBTC Vaults, reduce Native Vault Stability Fees and the Dai Savings Rate (DSR), pay bug bounty rewards, activate a new Clipper Mom keeper job, pay Aligned Delegate compensation for July 2024, increase the 6S Capital (RWA001-A) Stability Fee, approve a DAO Resolution pertaining to Monetalis Clydesdale and Coinbase Custody, trigger a Spark proxy spell. + +date: 2024-08-12T00:00:00.000Z +address: "0xc25A71BDF956229a035e35e8038d3FeE4aBa101C" + +--- +# [Executive Proposal] WBTC Vault Debt Ceiling Reductions, Stability Scope Parameter Changes, Bug Bounty Payments, ClipperMomJob Update, July 2024 Aligned Delegate Compensation, 6S Capital Stability Fee Increase, Monetalis Clydesdale and Coinbase Custody DAO Resolution, Spark Proxy Spell - August 12, 2024 + +The Governance Facilitators and Sidestream, Dewiz, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Maker Protocol: + +- The Debt Ceiling for all WBTC vaults will be reduced. +- Multiple Native Vault Stability Fees will be reduced. +- The Dai Savings Rate (DSR) will be reduced. +- A total of **110,000 DAI** will be paid to two addresses as part of the bug bounty program. +- A new version of the Clipper Mom keeper job will be activated. +- A total of **30.38 MKR** and **128,672 DAI** will be distributed to six Aligned Delegates and their teams as compensation for July 2024. +- The 6S Capital (RWA001-A) Stability Fee will be increased to **9%**. +- A DAO Resolution with the hash [QmaYKt61v6aCTNTYjuHm1Wjpe6JWBzCW2ZHR4XDEJhjm1R](https://ipfs.io/ipfs/QmaYKt61v6aCTNTYjuHm1Wjpe6JWBzCW2ZHR4XDEJhjm1R) for Monetalis Clydesdale will be approved. +- A Spark Proxy Spell will be triggered at [0x85042d44894E08f81D70A2Ae568C09f907297dcb](https://etherscan.io/address/0x85042d44894E08f81D70A2Ae568C09f907297dcb). + +**Voting for this executive proposal will place your MKR in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**16 hours**](https://mips.makerdao.com/mips/details/MIP113#10-1-1a). + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### WBTC Vault Debt Ceiling Reductions + +- **Authorization**: [Forum post](http://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844) + +If this executive proposal passes, the following changes will be made: + +- WBTC-A, WBTC-B, and WBTC-C will be **removed** from the [Debt Ceiling Instant Access Module (DC-IAM)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-debt-ceiling-instant-access-module-dc-iam-). +- WBTC-A Debt Ceiling will be set to **0 DAI**. +- WBTC-B Debt Ceiling will be set to **0 DAI**. +- WBTC-C Debt Ceiling will be set to **0 DAI**. + +These changes will prevent further borrowing from these vaults but existing positions will not be liquidated. + +### [Stability Fee](https://mips.makerdao.com/mips/details/MIP104#14-3-1-3-stability-fee-sf-) Reductions + +- **Authorization**: [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-15-sfs-dsr-spark-effective-dai-borrow-rate-reduction/24834/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-15-sfs-dsr-spark-effective-dai-borrow-rate-reduction/24834) + +If this executive proposal passes, then the following Stability Fee reductions will be made: + +- ETH-A: Decrease Stability Fee by 1 percentage point, from 7.25% to **6.25%**. +- ETH-B: Decrease Stability Fee by 1 percentage point, from 7.75% to **6.75%**. +- ETH-C: Decrease Stability Fee by 1 percentage point, from 7.00% to **6.00%**. +- WSTETH-A: Decrease Stability Fee by 1 percentage point, from 8.25% to **7.25%**. +- WSTETH-B: Decrease Stability Fee by 1 percentage point, from 8.00% to **7.00%**. +- WBTC-A: Decrease Stability Fee by 1 percentage point, from 8.75% to **7.75%**. +- WBTC-B: Decrease Stability Fee by 1 percentage point, from 9.25% to **8.25%**. +- WBTC-C: Decrease Stability Fee by 1 percentage point, from 8.50% to **7.50%**. + +### [Dai Savings Rate (DSR)](https://mips.makerdao.com/mips/details/MIP104#3-2-the-dai-savings-rate) Reduction + +- **Authorization**: [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-15-sfs-dsr-spark-effective-dai-borrow-rate-reduction/24834/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-15-sfs-dsr-spark-effective-dai-borrow-rate-reduction/24834) + +If this executive proposal passes, then the following reduction to the DSR will be made: + +- Decrease the DSR by 1 percentage point, from 7.00% to **6.00%**. + +### Bug Bounty Payments + +- **Authorization**: [Support Scope 13.1](https://mips.makerdao.com/mips/details/MIP106#13-1-bug-bounty-program-for-makerdao-critical-infrastructure) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/bounty-payout-request-for-immunefi-bug-32005/24605) + +If this executive proposal passes, then the following payments as part of the bug bounty program will be distributed. + +- **100,000 DAI** will be transferred to [0xA4a6B5f005cBd2eD38f49ac496d86d3528C7a1aa](https://etherscan.io/address/0xA4a6B5f005cBd2eD38f49ac496d86d3528C7a1aa). +- **10,000 DAI** will be transferred to [0x7119f398b6C06095c6E8964C1f58e7C1BAa79E18 (immunefi.eth)](https://etherscan.io/address/0x7119f398b6C06095c6E8964C1f58e7C1BAa79E18). + +A technical explanation of the rationale for the bug bounty payment can be found in this [forum comment](https://forum.makerdao.com/t/bounty-payout-request-for-immunefi-bug-32005/24605/3). + +### ClipperMomJob Update + +- **Authorization**: [Forum post](https://forum.makerdao.com/t/executive-inclusion-clippermomjob-update/24774/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/executive-inclusion-clippermomjob-update/24774/) + +If this executive proposal passes, the Keeper Network's ClipperMomJob will be updated through the following contract calls: + +- `sequencer.removejob(0xc3a76b34cfbda7a3a5215629a0b937cbdec7c71a)`. +- `sequencer.addjob(0x7E93C4f61C8E8874e7366cDbfeFF934Ed089f9fF)`. + +The chainlog entry for CRON_CLIPPER_MOM_JOB will also be updated to the new address. The new ClipperMomJob is deployed at [0x7E93C4f61C8E8874e7366cDbfeFF934Ed089f9fF](https://etherscan.io/address/0x7E93C4f61C8E8874e7366cDbfeFF934Ed089f9fF) and the code is available on GitHub [here](https://github.com/makerdao/dss-cron/tree/clipper-mom-try-all-classes). + +### July 2024 Aligned Delegate Compensation + +- **Authorization**: [Atlas 2.6.3](https://mips.makerdao.com/mips/details/MIP101#2-6-3-aligned-delegate-budget-and-participation-requirements) +- **Proposal**: Forum posts ([1](https://forum.makerdao.com/t/july-2024-aligned-delegate-payment-requests/24794), [2](https://forum.makerdao.com/t/july-2024-aligned-delegate-compensation/24818)) + +If this executive proposal passes, then a total of **30.38 MKR** and **128,672 DAI** will be distributed to six Aligned Delegates and their teams as compensation for July 2024. + +#### MKR Distributions + +| Delegate | Amount (MKR) | Address | +|-------------|------------------|-------------------------------------------------------------------------------------------------| +| BLUE | 13.75 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 12.00 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | +| Byteron | 1.25 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | +| JuliaChang | 1.25 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| Rocky | 1.13 | [0xC31637BDA32a0811E39456A59022D2C386cb2C85](https://etherscan.io/address/0xC31637BDA32a0811E39456A59022D2C386cb2C85) | +| PBG | 1.00 | [0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2](https://etherscan.io/address/0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2) | + +#### DAI Distributions + +| Delegate | Amount (DAI) | Address | +|----------------|--------------|-------------------------------------------------------------------------------------------------| +| BLUE | 54,167 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 20,417 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | +| Kohla (Cloaky) | 14,172 | [0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a](https://etherscan.io/address/0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a) | +| Ennoia (Cloaky)| 9,083 | [0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b](https://etherscan.io/address/0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b) | +| Byteron | 8,333 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | +| JuliaChang | 8,333 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| Rocky | 7,500 | [0xC31637BDA32a0811E39456A59022D2C386cb2C85](https://etherscan.io/address/0xC31637BDA32a0811E39456A59022D2C386cb2C85) | +| PBG | 6,667 | [0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2](https://etherscan.io/address/0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2) | + +### 6S Capital [Stability Fee](https://mips.makerdao.com/mips/details/MIP104#14-3-1-3-stability-fee-sf-) Increase + +- **Authorization**: [Forum post](https://forum.makerdao.com/t/rwa-001-6s-capital-update-and-stability-fee-proposal/24624/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/rwa-001-6s-capital-update-and-stability-fee-proposal/24624/) + +If this executive proposal passes, the [6S Capital (RWA001-A)](https://makerburn.com/#/collateral/RWA001-A) Stability Fee will be increased as follows: + +- Increase the RWA001-A Stability Fee by 6 percentage points from 3% to **9%**. + +Please note that the onchain Stability Fee is a technical artefact and does not always represent the effective interest rate applied offchain, please see the following information from the original proposal: + +```text +As per the terms of the credit agreement, the rate of the loan from RWA Master Lending Trust to 6s Capital Partners LLC can increase at a maximum quarterly rate of 2.00%. As such, the Q3 2024 rate will be 3.00%; the effective rate will then change to 5.00% for Q4 2024, followed by 7.00% for Q1 2025 and 9.00% for Q2 2025 until the maturity of the loan in July 2025. This rate increase has been previously discussed with 6s, who has confirmed that the new rate is acceptable and can be supported by the underlying portfolio. +``` + +### Monetalis Clydesdale and Coinbase Custody DAO Resolutions + +- **Authorization**: [Forum post](https://forum.makerdao.com/t/clydesdale-vault-hq/17923/95) +- **Proposal**: [Forum post](http://forum.makerdao.com/t/clydesdale-vault-hq/17923/88) + +If this executive proposal passes, the following DAO Resolution authorizing the actions needed for the winddown of the Monetalis Clydesdale and Coinbase Custody facilities will be approved: + +- Approve Monetalis Clydesdale and Coinbase Custody DAO Resolution with IPFS hash [QmaYKt61v6aCTNTYjuHm1Wjpe6JWBzCW2ZHR4XDEJhjm1R](https://ipfs.io/ipfs/QmaYKt61v6aCTNTYjuHm1Wjpe6JWBzCW2ZHR4XDEJhjm1R). + +### Spark Proxy Spell + +If this executive proposal passes, a Spark Proxy Spell will be triggered at [0x85042d44894E08f81D70A2Ae568C09f907297dcb](https://etherscan.io/address/0x85042d44894E08f81D70A2Ae568C09f907297dcb). This proxy spell will include three items. + + +#### [Mainnet] Lido Liquid Staking Token (LST) Yield Oracle and Linked Interest Rate Model (IRM) Activation + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/jul-27-2024-proposed-changes-to-spark-for-upcoming-spell/24755/3), [Poll](https://vote.makerdao.com/polling/QmdFCRfK) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/jul-27-2024-proposed-changes-to-spark-for-upcoming-spell/24755) + +This proxy spell will activate the Lido LST yield oracle and the linked IRM for the mainnet ETH market on SparkLend with the following parameters: + +- [`base rate`](https://docs.aave.com/risk/liquidity-risk/borrow-interest-rate#variable-interest-rate-model-parameters): **0%**. +- [`variableRateSlope1Spread`](https://docs.aave.com/risk/liquidity-risk/borrow-interest-rate#variable-interest-rate-model-parameters): **0%**. +- [CappedFallbackRateSource `upperBound`](https://github.com/marsfoundation/sparklend-advanced?tab=readme-ov-file#rate-sources): **5.5%**. +- [CappedFallbackRateSource `lowerBound`](https://github.com/marsfoundation/sparklend-advanced?tab=readme-ov-file#rate-sources): **2%**. +- [CappedFallbackRateSource `defaultRate`](https://github.com/marsfoundation/sparklend-advanced?tab=readme-ov-file#rate-sources): **3%**. +- [`slope 2`](https://docs.aave.com/risk/liquidity-risk/borrow-interest-rate#variable-interest-rate-model-parameters): **120%**. + +The following contracts will be used: + +- Chronicle LST Oracle: [0x08669C836F41AEaD03e3EF81a59f3b8e72EC417A](https://etherscan.io/address/0x08669C836F41AEaD03e3EF81a59f3b8e72EC417A). +- Rate Range Enforcement: [sparklend-advanced/src/CappedFallbackRateSource.sol at master · marsfoundation/sparklend-advanced · GitHub](https://github.com/marsfoundation/sparklend-advanced/blob/master/src/CappedFallbackRateSource.sol). +- IRM: [sparklend-advanced/src/RateTargetKinkInterestRateStrategy.sol at master · marsfoundation/sparklend-advanced · GitHub](https://github.com/marsfoundation/sparklend-advanced/blob/master/src/RateTargetKinkInterestRateStrategy.sol). + +#### [Mainnet] Spark Effective DAI Borrow Rate Reduction + +- **Authorization**: [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-15-sfs-dsr-spark-effective-dai-borrow-rate-reduction/24834/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-15-sfs-dsr-spark-effective-dai-borrow-rate-reduction/24834) + +This proxy spell will make the following change to the SparkLend Effective DAI Borrow Rate on mainnet: + +- Decrease the Spark Effective DAI Borrow Rate by 1 percentage point, from 8.00% to **7.00%**. + +#### [Mainnet] WBTC Risk Mitigations + +- **Authorization**: [Forum post](http://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844) + +This proxy spell will make the following changes to SparkLend on mainnet: + +- Disable WBTC borrowing. +- Reduce WBTC [Loan-to-Value (LTV)](https://docs.aave.com/risk/asset-risk/risk-parameters#loan-to-value) by 74 percentage points from 74% to **0%**. + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - August 22, 2024.md b/governance/votes/Executive vote - August 22, 2024.md new file mode 100644 index 000000000..69342833c --- /dev/null +++ b/governance/votes/Executive vote - August 22, 2024.md @@ -0,0 +1,142 @@ +--- +title: Template - [Executive Vote] LITE-PSM-USDC-A Phase 2 Setup - August 22, 2024 +summary: Update PSM State Variable in conduit contracts to MCD_LITE_PSM_USDC_A, USDC Migration from PSM-USDC-A to LITE-PSM-USDC-A, update PSM-USDC-A Fees, update PSM-USDC-A DC-IAM parameters, update MCD_LITE_PSM_USDC_A buf, update LITE-PSM-USDC-A DC-IAM parameters, GSM Delay update, update LitePSM Keeper Network Job. +date: 2024-08-22T00:00:00.000Z +address: "0x969c91C5aC11D4d1077A6aAF3d2BA617906543Cc" + +--- +# [Executive Proposal] LITE-PSM-USDC-A Phase 2 Setup - August 22, 2024 + +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Maker Protocol: + +- The PSM state variables in the conduit contracts will be updated to MCD_LITE_PSM_USDC_A. +- **All but 200 million USDC reserves** will be migrated from PSM-USDC-A to LITE-PSM-USDC-A. +- PSM-USDC-A fees will be updated. +- PSM-USDC-A DC-IAM parameters will be updated. +- MCD_LITE_PSM_USDC_A `buf` will be increased. +- LITE-PSM-USDC-A DC-IAM parameters will be updated. +- The GSM Delay will be increased. +- The LitePSM Keeper Network Job will be updated. + +**Voting for this executive proposal will place your MKR in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**16 hours**](https://mips.makerdao.com/mips/details/MIP113#10-1-1a). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### Update PSM State Variables in Conduit Contracts + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839/2), [Poll 1128](https://vote.makerdao.com/polling/QmU7XJ6X) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839) + +If this executive proposal passes, then the PSM state variables in the following conduit contracts will be updated to point to [MCD_LITE_PSM_USDC_A](https://etherscan.io/address/0xf6e72db5454dd049d0788e411b06cfaf16853042): + +- [RWA014_A_INPUT_CONDUIT_URN](https://etherscan.io/address/0x6b86ba08bd7796464cea758061ac173d0268cf49) +- [RWA014_A_INPUT_CONDUIT_JAR](https://etherscan.io/address/0x391470cd3d8307adc051d878a95fa9459f800dbc) +- [RWA014_A_OUTPUT_CONDUIT](https://etherscan.io/address/0xd7cbdfde553de2063caafbf230be135e5dbb5064) +- [RWA007_A_JAR_INPUT_CONDUIT](https://etherscan.io/address/0xc8bb4e2b249703640e89265e2ae7c9d5ea2af742) +- [RWA007_A_INPUT_CONDUIT](https://etherscan.io/address/0x58f5e979ef74b60a9e5f955553ab8e0e65ba89c9) +- [RWA007_A_OUTPUT_CONDUIT](https://etherscan.io/address/0x701c3a384c613157bf473152844f368f2d6ef191) +- [RWA015_A_INPUT_CONDUIT_JAR_USDC](https://etherscan.io/address/0xb9373c557f3ae8cddd068c1644ed226cfb18a997) +- [RWA015_A_INPUT_CONDUIT_URN_USDC](https://etherscan.io/address/0xe08cb5e24862ea86328295d5e5c08972203c20d8) +- [RWA015_A_OUTPUT_CONDUIT](https://etherscan.io/address/0x1e86cb085f249772f7e7443631a87c6bdba2aceb) +- [RWA009_A_INPUT_CONDUIT_URN_USDC](https://etherscan.io/address/0x08012ec53a7fabf6f33318dfb93c1289886ebbe1) + +### Migrate Reserves from PSM-USDC-A to LITE-PSM-USDC-A + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839/2), [Poll 1128](https://vote.makerdao.com/polling/QmU7XJ6X) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839) + +If this executive proposal passes, **all but 200 million USDC reserves** from PSM-USDC-A will be migrated to LITE-PSM-USDC-A. + +### Update PSM-USDC-A Fees + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839/2), [Poll 1128](https://vote.makerdao.com/polling/QmU7XJ6X) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839) + +If this executive proposal passes, then the PSM-USDC-A fees will be updated as follows: + +- PSM-USDC-A [Fee In (`tin`)](https://manual.makerdao.com/module-index/module-psm#fee-in-tin) will be increased by 0.01 percentage points from 0% to **0.01%**. +- PSM-USDC-A [Fee Out (`tout`)](https://manual.makerdao.com/module-index/module-psm#fee-out-tout) will be increased by 0.01 percentage points from 0% to **0.01%**. + +### Update PSM-USDC-A DC-IAM Parameters + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839/2), [Poll 1128](https://vote.makerdao.com/polling/QmU7XJ6X) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839) + +If this executive proposal passes, then the PSM-USDC-A DC-IAM parameters below will be updated as follows: + +- PSM-USDC-A DC-IAM [Maximum Debt Ceiling (`line`)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-1-maximum-debt-ceiling-line-) will be decreased by 7,500 million DAI from 10,000 million DAI to **2,500 million DAI**. +- PSM-USDC-A DC-IAM [Target Available Debt (`gap`)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-2-target-available-debt-gap-) will be decreased by 180 million DAI from 380 million DAI to **200 million DAI**. +- PSM-USDC-A DC-IAM [Ceiling Increase Cooldown (`ttl`)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-3-ceiling-increase-cooldown-ttl-) will remain unchanged at **12 hours**. + +### Update MCD_LITE_PSM_USDC_A `buf` + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839/2), [Poll 1128](https://vote.makerdao.com/polling/QmU7XJ6X) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839) + +If this executive proposal passes, then the MCD_LITE_PSM_USDC_A fixed-sized amount of pre-minted Dai (`buf`) will be increased as follows: + +- MCD_LITE_PSM_USDC_A [Fixed-sized Amount of Pre-minted Dai (`buf`)](https://forum.makerdao.com/t/litepsm-lite-psm-usdc-a-introduction-and-overview/24512#lite-psm-usdc-a-parameters-overview-8) will be increased by 180 million DAI from 20 million DAI to **200 million DAI**. + +### Update LITE-PSM-USDC-A DC-IAM Parameters + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839/2), [Poll 1128](https://vote.makerdao.com/polling/QmU7XJ6X) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839) + +If this executive proposal passes, then the LITE-PSM-USDC-A DC-IAM will be updated as follows: + +- LITE-PSM-USDC-A DC-IAM [Maximum Debt Ceiling (`line`)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-1-maximum-debt-ceiling-line-) will be increased by 7,450 million DAI from 50 million DAI to **7,500 million DAI**. +- LITE-PSM-USDC-A DC-IAM [Target Available Debt (`gap`)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-2-target-available-debt-gap-) will be increased by 180 million DAI from 20 million DAI to **200 million DAI**. +- LITE-PSM-USDC-A DC-IAM [Ceiling Increase Cooldown (`ttl`)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-3-ceiling-increase-cooldown-ttl-) will remain unchanged at **12 hours**. + +### Update GSM Delay + +- **Authorization**: [Governance Facilitator Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839/3), [Poll 1128](https://vote.makerdao.com/polling/QmU7XJ6X) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839) + +If this executive proposal passes, the [GSM Pause Delay](https://mips.makerdao.com/mips/details/MIP113#10-1-gsm-governance-security-module-pause-delay) will be updated as follows: + +- The GSM Pause Delay will be increased by 14 hours from 16 hours to **30 hours**. + +### Update LitePSM Keeper Network Job + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839/2), [Poll 1128](https://vote.makerdao.com/polling/QmU7XJ6X) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-2-major-migration-proposed-parameters/24839) + +If this executive proposal passes, then the LitePSM Keeper Network Job will be updated with the following contract calls and parameters, as a consequence of the LITE-PSM-USDC-A DC-IAM and `buf` parameter changes described earlier in this document: + +- The old LitePSM job will be removed from the CronSequencer through contract call `sequencer.removejob(0x689cE517a4DfCf0C5eC466F2757D324fc292C8Be)`. +- The new LitePSM job will be added to the CronSequencer through contract call `sequencer.addjob(0x0c86162ba3e507592fc8282b07cf18c7f902c401)`. +- [`fill`](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644#keeper-network-threshold-parameters-4): The [rushThreshold](https://forum.makerdao.com/t/litepsm-job-post-mortem/24841#solution-4) will be set to **20 million DAI**. +- [`trim`](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644#keeper-network-threshold-parameters-4): The [gushThreshold](https://forum.makerdao.com/t/litepsm-job-post-mortem/24841#solution-4) will be set to **20 million DAI**. +- [`chug`](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644#keeper-network-threshold-parameters-4): The [cutThreshold](https://forum.makerdao.com/t/litepsm-job-post-mortem/24841#solution-4) will remain unchanged at **300,000 DAI**. +- The chainlog entry for [CRON_LITE_PSM_JOB](https://etherscan.io/address/0x689ce517a4dfcf0c5ec466f2757d324fc292c8be) will be updated to [0x0c86162ba3e507592fc8282b07cf18c7f902c401](https://etherscan.io/address/0x0c86162ba3e507592fc8282b07cf18c7f902c401). + +The new LitePSM job meets all the requirements outlined in the [LitePSM Job Post-Mortem](https://forum.makerdao.com/t/litepsm-job-post-mortem/24841). + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - December 2024 out-of-schedule spell 2.md b/governance/votes/Executive vote - December 2024 out-of-schedule spell 2.md new file mode 100644 index 000000000..a0314a252 --- /dev/null +++ b/governance/votes/Executive vote - December 2024 out-of-schedule spell 2.md @@ -0,0 +1,72 @@ +--- +title: Template - [Executive Vote] Out-of-schedule Executive Vote - Stability Fee Changes, Savings Rate Changes - $date +summary: Increase Stability Fees for multiple vault types, increase Savings Rates. +date: $date +address: "$spell_address" + +--- +# [Executive Proposal] Out-of-schedule Executive Vote - Stability Fee Changes, Savings Rate Changes - $date + +The Governance Facilitators, Sidestream, and Dewiz have placed an out-of-schedule executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- The [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for multiple vault types will be increased. +- The [Savings Rates (DSR and SSR)](https://sky-atlas.powerhouse.io/A.4.3.1_Savings_Rates/5586fe33-b0af-41f0-9629-b1716c7c0967%7Cb3417d54) will be increased. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**30 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### Stability Fee Changes + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/5) +- **Proposal**: [Forum Post](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/4) + +If this executive proposal passes, then the [Stability Fees (SF)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for the vault types listed below will be changed as follows: + +- Increase ETH-A SF by 3.50 percentage points from 12.75% to **16.25%**. +- Increase ETH-B SF by 3.50 percentage points from 13.25% to **16.75%**. +- Increase ETH-C SF by 3.50 percentage points from 12.50% to **16.00%**. +- Increase WSTETH-A SF by 3.50 percentage points from 13.75% to **17.25%**. +- Increase WSTETH-B SF by 3.50 percentage points from 13.50% to **17.00%**. +- Increase WBTC-A SF by 4.00 percentage points from 16.25% to **20.25%**. +- Increase WBTC-B SF by 4.00 percentage points from 16.75% to **20.75%**. +- Increase WBTC-C SF by 4.00 percentage points from 16.00% to **20.00%**. +- Increase ALLOCATOR-SPARK-A SF by 2.94 percentage points from 12.25% to **15.19%**. + +### Savings Rate Changes + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/5) +- **Proposal**: [Forum Post](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/4) + +If this executive proposal passes, then the following savings rate changes will take place: + +- Increase the [Dai Savings Rate (DSR)](https://sky-atlas.powerhouse.io/A.3.2.2.2_Dai_Savings_Rate/8e289e71-7ec5-4ce5-8d4d-41aab7a50f53|57eab733e951) by 3.00 percentage points from 11.50% to **14.50%**. +- Increase the [Sky Savings Rate (SSR)](https://sky-atlas.powerhouse.io/A.3.2.2.3_Sky_Savings_Rate/73d91126-21c9-4e8a-bedf-8a51a432bb59|57eab733e951) by 3.00 percentage points from 12.50% to **15.50%**. + +The Spark Effective DAI Borrow Rate is tied to the DSR. Consequently, the above changes will increase it by ~3 percentage points from ~12.50% to **~15.50%**. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.sky.money). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - December 6, 2024.md b/governance/votes/Executive vote - December 6, 2024.md new file mode 100644 index 000000000..b39d093ae --- /dev/null +++ b/governance/votes/Executive vote - December 6, 2024.md @@ -0,0 +1,72 @@ +--- +title: Template - [Executive Vote] Out-of-schedule Executive Vote - Stability Fee Changes, Savings Rate Changes - December 6, 2024 +summary: Increase Stability Fees for multiple vault types, increase Savings Rates. +date: 2024-12-06T00:00:00.000Z +address: "0x329Feb1E300d6bf54d4969Df5089ff7bC79694B6" + +--- +# [Executive Proposal] Out-of-schedule Executive Vote - Stability Fee Changes, Savings Rate Changes - December 6, 2024 + +The Governance Facilitators, Sidestream, and Dewiz have placed an out-of-schedule executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- The [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for multiple vault types will be increased. +- The [Savings Rates (DSR and SSR)](https://sky-atlas.powerhouse.io/A.4.3.1_Savings_Rates/5586fe33-b0af-41f0-9629-b1716c7c0967%7Cb3417d54) will be increased. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**30 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### Stability Fee Changes + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648) + +If this executive proposal passes, then the [Stability Fees (SF)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for the vault types listed below will be changed as follows: + +- Increase ETH-A SF by 3.5 percentage points from 9.25% to **12.75%**. +- Increase ETH-B SF by 3.5 percentage points from 9.75% to **13.25%**. +- Increase ETH-C SF by 3.5 percentage points from 9.00% to **12.50%**. +- Increase WSTETH-A SF by 3.5 percentage points from 10.25% to **13.75%**. +- Increase WSTETH-B SF by 3.5 percentage points from 10.00% to **13.50%**. +- Increase WBTC-A SF by 4 percentage points from 12.25% to **16.25%**. +- Increase WBTC-B SF by 4 percentage points from 12.75% to **16.75%**. +- Increase WBTC-C SF by 4 percentage points from 12.00% to **16.00%**. +- Increase ALLOCATOR-SPARK-A SF by 2.94 percentage points from 9.31% to **12.25%**. + +### Savings Rate Changes + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648) + +If this executive proposal passes, then the following savings rate changes will take place: + +- Increase the [Dai Savings Rate (DSR)](https://sky-atlas.powerhouse.io/A.3.2.2.2_Dai_Savings_Rate/8e289e71-7ec5-4ce5-8d4d-41aab7a50f53|57eab733e951) by 3 percentage points from 8.50% to **11.50%**. +- Increase the [Sky Savings Rate (SSR)](https://sky-atlas.powerhouse.io/A.3.2.2.3_Sky_Savings_Rate/73d91126-21c9-4e8a-bedf-8a51a432bb59|57eab733e951) by 3 percentage points from 9.50% to **12.50%**. + +The Spark Effective DAI Borrow Rate is tied to the DSR. Consequently, the above changes will increase it by ~3 percentage points from ~9.5% to **~12.5%**. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.sky.money). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - February 18, 2025.md b/governance/votes/Executive vote - February 18, 2025.md new file mode 100644 index 000000000..cec0db710 --- /dev/null +++ b/governance/votes/Executive vote - February 18, 2025.md @@ -0,0 +1,59 @@ +--- +title: Template - [Executive Vote] Out-of-Schedule Executive Vote - Risk Parameter Changes - February 18, 2025 +summary: Update LSE-MKR-A risk parameters, reduce the GSM Pause Delay. +date: 2025-02-18T00:00:00.000Z +address: "0x1C8F5979a93Ba0412677A9d315451dE1570B3d03" + +--- +# [Executive Proposal] Out-of-Schedule Executive Vote - Risk Parameter Changes - February 18, 2025 + +The Governance Facilitators, Dewiz, and Sidestream have placed an out-of-schedule executive proposal into the voting system in accordance with [Atlas A.1.8.1.5](https://sky-atlas.powerhouse.io/A.1.8.1.5_Emergency_Response_Process_Definition/6a7b1a06-a34b-403e-b97e-d25c64217e9a|0db3140b840b). MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, out of an abundance of caution, in order to protect the Sky Protocol from potential governance attacks, the following **actions** will occur within the Sky Protocol: +- Risk parameters for LSE-MKR-A will be adjusted as detailed below +- The GSM Pause Delay will be reduced as detailed below + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**30 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### LSE-MKR-A Risk Parameter Changes + +If this executive proposal passes, then LSE-MKR-A risk parameters will be updated as follows: + +- Increase the LSE-MKR-A [Maximum Debt Ceiling (`line`)](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.4.1_Maximum_Debt_Ceiling_(line)/6f1a913d-9436-4b70-816b-e317672737d6|57eaf45219bea3b430c268bb) by 25 million USDS from 20 million USDS to **45 million USDS**. +- Increase the LSE-MKR-A [Target Available Debt (`gap`)](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.4.2_Target_Available_Debt_(gap)/c1e17312-3744-4360-81f4-03564f0dd09d|57eaf45219bea3b430c268bb) by 40 million USDS from 5 million USDS to **45 million USDS**. +- Decrease the LSE-MKR-A [Ceiling Increase Cooldown (`ttl`)](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.4.3_Ceiling_Increase_Cooldown_(ttl)/58f5315f-938f-464c-b2d2-f611145d469a|57eaf45219bea3b430c268bb) by 15.5 hours from 16 hours to **30 minutes**. +- Increase the LSE-MKR-A [Stability Fee](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.3_Stability_Fee/67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) by 8 percentage points from 12% to **20%**. +- Decrease the LSE-MKR-A [Liquidation Ratio](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.1_Liquidation_Ratio/1184ab96-8cad-4755-9798-2c8782304407|57eaf45219bea3b430c2) by 75 percentage points from 200% to **125%**. +- Decrease the LSE-MKR-A [Exit Fee](https://sky-atlas.powerhouse.io/A.4.4.3.3_Exit_Fee/a3eef5cb-a62d-4a94-a748-d549bd9970be|b341740ed556) by 5 percentage points from 5% to **0%**. + +### GSM Pause Delay Reduction + +If this executive proposal passes, then the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055) will be adjusted as follows: + +- Reduce the GSM Pause Delay by 12 hours from 30 hours to **18 hours**. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - February 21, 2025.md b/governance/votes/Executive vote - February 21, 2025.md new file mode 100644 index 000000000..3e76d770f --- /dev/null +++ b/governance/votes/Executive vote - February 21, 2025.md @@ -0,0 +1,261 @@ +--- +title: Template - [Executive Vote] Rate Adjustments, Arbitrum Token Bridge Initialization, Smart Burn Engine Liquidity Unwind, Smart Burn Engine Parameter Changes, ALLOCATOR-SPARK-A DC-IAM Parameter Changes, Standby Spell Changes in the Chainlog, Aligned Delegate Compensation, Atlas Core Development Payments, Integration Boost Funding, Spark Proxy Spell - February 21, 2025 +summary: Adjust Stability Fees, DSR and SSR, initialize Arbitrum Token Bridge, unwind Smart Burn Engine liquidity, change Smart Burn Engine parameters, adjust ALLOCATOR-SPARK-A DC-IAM parameters, modify Standby Spells in the Chainlog, pay Aligned Delegate compensation for January 2025, execute Atlas Core Development payments, distribute Integration Boost funding, trigger a Spark Proxy Spell. +date: 2025-02-21T00:00:00.000Z +address: "0xDb220538E62e758e4802D94b5344fFab242e004f" + +--- +# [Executive Proposal] Rate Adjustments, Arbitrum Token Bridge Initialization, Smart Burn Engine Liquidity Unwind, Smart Burn Engine Parameter Changes, ALLOCATOR-SPARK-A DC-IAM Parameter Changes, Standby Spell Changes in the Chainlog, Aligned Delegate Compensation, Atlas Core Development Payments, Integration Boost Funding, Spark Proxy Spell - February 21, 2025 + +The Governance Facilitators, Sidestream, and Dewiz have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for multiple vaults and the [Savings Rates (DSR and SSR)](https://sky-atlas.powerhouse.io/A.4.3.1_Savings_Rates/5586fe33-b0af-41f0-9629-b1716c7c0967%7Cb3417d54) will be adjusted. +- The Arbitrum Token Bridge will be initialized as described below +- Part of the Smart Burn Engine’s LP-held tokens will be unwound to the Pause Proxy as described below. +- Smart Burn Engine parameters will be changed as described below. +- The ALLOCATOR-SPARK-A DC-IAM Parameter will be adjusted as described below. +- Two Standby Spell keys will be updated and two Standyby Spells will be added in the [Chainlog](https://chainlog.sky.money). +- A total of **20,387 USDS** will be distributed to six Aligned Delegates as compensation for January 2025. +- A total of **102,436 USDS** and **988,000 SKY** will be transferred to two Atlas Core Development contributors. +- A total of **3 million USDS** for Integration Boost funding will be transferred to [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7). +- A Spark proxy spell will be executed. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**30 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### Stability Fee Adjustments + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/feb-20-2025-stability-scope-parameter-changes-22/26003/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/feb-20-2025-stability-scope-parameter-changes-22/26003) + +If this executive proposal passes, then the [Stability Fees (SF)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for the vault types listed below will be adjusted as follows: + +- Reduce ETH-A SF by 2.00 percentage points from 9.75% to **7.75%**. +- Reduce ETH-B SF by 2.00 percentage points from 10.25% to **8.25%**. +- Reduce ETH-C SF by 2.00 percentage points from 9.50% to **7.50%**. +- Reduce WSTETH-A SF by 2.00 percentage points from 10.75% to **8.75%**. +- Reduce WSTETH-B SF by 2.00 percentage points from 10.50% to **8.50%**. +- Reduce WBTC-A SF by 1.50 percentage points from 14.25% to **12.75%**. +- Reduce WBTC-B SF by 1.50 percentage points from 14.75% to **13.25%**. +- Reduce WBTC-C SF by 1.50 percentage points from 14.00% to **12.50%**. +- Increase ALLOCATOR-SPARK-A SF by 1.89 percentage points from 1.33% to **3.22%**. + +### Savings Rate Reductions + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/feb-20-2025-stability-scope-parameter-changes-22/26003/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/feb-20-2025-stability-scope-parameter-changes-22/26003) + +If this executive proposal passes, then the [DAI Savings Rate (DSR)](https://sky-atlas.powerhouse.io/A.3.2.2.2_Dai_Savings_Rate/8e289e71-7ec5-4ce5-8d4d-41aab7a50f53|57eab733e951) and the [SKY Savings Rate (SSR)](https://sky-atlas.powerhouse.io/A.3.2.2.3_Sky_Savings_Rate/73d91126-21c9-4e8a-bedf-8a51a432bb59%7C57eab733e951) will be decreased as follows: + +- Reduce DSR by 2.50 percentage points from 7.25% to **4.75%**. +- Reduce SSR by 2.25 percentage points from 8.75% to **6.50%**. + +### Arbitrum Token Bridge Initialization + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/technical-scope-of-the-arbitrum-token-gateway-launch/25972/3), [Governance Poll 1194](https://vote.makerdao.com/polling/QmcicBXG) +- **Proposal**: [Forum Post](https://forum.sky.money/t/technical-scope-of-the-arbitrum-token-gateway-launch/25972) + +If this executive proposal passes, then the Arbitrum Token Bridge will be initialized by calling TokenGatewayInit.initGateways using the following parameters: + +- `l1GatewayInstance.gateway`: (ERC1967Proxy: 0x84b9700E28B23F873b82c1BEb23d86C091b6079E) +- `l1GatewayInstance.gatewayImp`: (L1TokenGateway: 0x12eDe82637d5507026D4CDb3515B4b022Ed157b1) +- `l2GatewayInstance.gateway`: (ERC1967Proxy: 0x13F7F24CA959359a4D710D32c715D4bce273C793) +- `l2GatewayInstance.gatewayImp`: (L2TokenGateway: 0xD404eD36D6976BdCad8ABbcCC9F09ef07e33A9A8) +- `l2GatewayInstance.spell`: (L2TokenGatewaySpell: 0x3D4357c3944F7A5b6a0B5b67B36588BA45D3f49D) +- `cfg.l1Router`: (L1GatewayRouter (ERC1967Proxy): 0x72Ce9c846789fdB6fC1f34aC4AD25Dd9ef7031ef) +- `cfg.inbox`: (Inbox(ERC1967Proxy): 0x4Dbd4fc535Ac27206064B68FfCf827b0A60BAB3f) +- `cfg.l1Tokens`: (array [`USDS`, `SUSDS`]) +- `cfg.l2Tokens`: (array [Usds(ERC1967Proxy): 0x6491c05A82219b8D1479057361ff1654749b876b, SUsds(ERC1967Proxy): 0xdDb46999F8891663a8F2828d25298f70416d7610]) +- `cfg.maxWithdraws`: (array [type(uint256).max, type(uint256).max]) +- `cfg.xchainMsg.maxGas`: 350000 +- `cfg.xchainMsg.gasPriceBid`: 100000000 +- `cfg.xchainMsg.maxSubmissionCost`: 1316000000000000 + +### Smart Burn Engine Liquidity Unwind + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/smart-burn-engine-liquidity-unwind/26027/3) +- **Proposal**: [Forum Post](https://forum.sky.money/t/smart-burn-engine-liquidity-unwind/26027/1) + +If this executive proposal passes, then part of the Smart Burn Engine’s LP-held tokens will be unwound to the Pause Proxy by executing the following actions: + +- The `withdraw` function in the [UniV2PoolWithdraw](https://github.com/makerdao/univ2-pool-migrator/blob/9099c1ce2a80aa58146b2bdc603cc21edb2d6922/deploy/UniV2PoolWithdraw.sol#L52) script will be invoked. +- 15 million USDS worth of protocol-owned LP tokens will remain in the SBE (7.5 million USDS & the equivalent amount in SKY). +- The recovered SKY tokens will be sent to (and remain in) the Pause Proxy. +- The USDS portion will subsequently be transferred from the Pause Proxy to the Surplus Buffer. + +### Smart Burn Engine Parameter Changes + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/smart-burn-engine-parameter-update-feb-21-spell/26033/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/smart-burn-engine-parameter-update-feb-21-spell/26033) + +If this executive proposal passes, then [the Smart Burn Engine parameters](https://sky-atlas.powerhouse.io/A.3.5.2_Surplus_Buffer_Splitter_Parameters/122f2ff0-8d73-80f8-9a2a-d221794f73f5%7C57ea2c54) below will be changed as follows: + +- [MCD Vow](https://etherscan.io/address/0xa950524441892a31ebddf91d3ceefa04bf454466): + - `hump` (trigger for surplus auctions once exceeded): **70 million DAI** + - `bump` (the lot size allocated per operation): **10,000 DAI** +- [Splitter](https://etherscan.io/address/0xbf7111f13386d23cb2fba5a538107a73f6872bcf#readContract): + - `burn`: **100%** (All surplus will be directed to burning) + - `hop` (minimum interval between consecutive `kick` operations): **876 seconds** + +### ALLOCATOR-SPARK-A DC-IAM Parameter Changes + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/feb-20-2025-proposed-changes-to-spark-for-upcoming-spell/25951/6), [Governance Poll 1193](https://vote.makerdao.com/polling/QmXpKEFg) +- **Proposal**: [Forum Post](https://forum.sky.money/t/feb-20-2025-proposed-changes-to-spark-for-upcoming-spell/25951) + +If this executive proposal passes, then the ALLOCATOR-SPARK-A DC-IAM parameters below will be changed as follows: + +- Increase DC-IAM [Target Available Debt (`gap`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.4_Target_Available_Debt_Definition-b876ecf4-a901-4721-9c4b-9f2fc21f954c|57ea599773d45150b2632df9) by 400 million USDS from 100 million USDS to **500 million USDS**. +- Increase DC-IAM [Maximum Debt Ceiling (`line`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.3_Maximum_Debt_Ceiling_Definition-e4a0d8f1-4a01-46a7-b693-a94e7f4afc1a|57ea599773d45150b2632df9) by 4 billion USDS from 1 billion USDS to **5 billion USDS**. +- The [Ceiling Increase Cooldown (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.5_Ceiling_Increase_Cooldown_Definition-3d5980c5-7036-4b68-93e0-a48551fe09ed|57ea599773d45150b2632df9) will remain unchanged at **24 hours**. + +### Standby Spell Chainlog Changes + +- **Authorization**: [Governance Poll 1196](https://vote.makerdao.com/polling/QmQW5mb1) +- **Proposal**: [Forum Post](https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-for-week-of-february-17-2025/25979) + +If this executive proposal passes, then the [Chainlog](https://chainlog.sky.money) keys below will be updated as follows: + +- Update the value of Standby Spell key `EMSP_CLIP_BREAKER_FAB` to [0x867852d30bb3cb1411fb4e404fae28ef742b1023](https://etherscan.io/address/0x867852d30bb3cb1411fb4e404fae28ef742b1023) +- Update the value of Standby Spell key `EMSP_LINE_WIPE_FAB` to [0x8646f8778b58a0df118facedf522181ba7277529](https://etherscan.io/address/0x8646f8778b58a0df118facedf522181ba7277529) +- Add Standby Spell: + - key: `EMSP_LITE_PSM_HALT_FAB` + - value: [0xB261b73698F6dBC03cB1E998A3176bdD81C3514A](https://etherscan.io/address/0xB261b73698F6dBC03cB1E998A3176bdD81C3514A) +- Add Standby Spell: + - key: `EMSP_SPLITTER_STOP` + - value: [0x12531afC02aC18a9597Cfe8a889b7B948243a60b](https://etherscan.io/address/0x12531afC02aC18a9597Cfe8a889b7B948243a60b) + +### Aligned Delegate Compensation for January 2025 + +- **Authorization**: [Atlas A.1.5.8](https://sky-atlas.powerhouse.io/A.1.5.8_Budget_For_Prime_Delegate_Slots/e3e420fc-9b1f-4fdc-9983-fcebc45dd3aa%7C0db3af4ece0c) +- **Proposal**: [Forum Post](https://forum.sky.money/t/january-2025-aligned-delegate-compensation/25993) + +If this executive proposal passes, then a total of **20,387 USDS** will be distributed to six Aligned Delegates as compensation for January 2025: + +| Delegate | Amount (USDS) | Address | +|-------------|---------------|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 4,000 USDS | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Bonapublica | 4,000 USDS | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) | +| Byteron | 4,000 USDS | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | +| Cloaky | 4,000 USDS | [0x9244F47D70587Fa2329B89B6f503022b63Ad54A5](https://etherscan.io/address/0x9244F47D70587Fa2329B89B6f503022b63Ad54A5) | +| JuliaChang | 4,000 USDS | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| PBG | 387 USDS | [0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2](https://etherscan.io/address/0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2) | + +### Atlas Core Development Payments + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/atlas-core-development-payment-requests-february-2025/25921/6), [Atlas Axis Authorization](https://forum.sky.money/t/atlas-core-development-payment-requests-february-2025/25921/5) +- **Proposal**: [Forum Post](https://forum.sky.money/t/atlas-core-development-payment-requests-february-2025/25921) + +If this executive proposal passes, then a total of **102,436 USDS** and **988,000 SKY** will be transferred to two Atlas Core Development contributors and their teams: + +#### USDS Token Transfers + +| Contributor | USDS Amount | Address | +|-----------------|-------------|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 83,601 USDS | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 18,835 USDS | [0x9244F47D70587Fa2329B89B6f503022b63Ad54A5](https://etherscan.io/address/0x9244F47D70587Fa2329B89B6f503022b63Ad54A5) | + +#### SKY Token Transfers + +| Contributor | SKY Amount | Address | +|-------------|-------------|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 550,000 SKY | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 438,000 SKY | [0x9244F47D70587Fa2329B89B6f503022b63Ad54A5](https://etherscan.io/address/0x9244F47D70587Fa2329B89B6f503022b63Ad54A5) | + +### Integration Boost Funding + +- **Authorization**: [Atlas A.5.2.1.2](https://sky-atlas.powerhouse.io/A.5.2.1.2_Integration_Boost/129f2ff0-8d73-8057-850b-d32304e9c91a%7C8d5a9e88cf49) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-integration-boost-budget-a-5-2-1-2/25536/6) + +If this executive proposal passes, then **3 million USDS** will be transferred to [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7) to continue funding the Integration Boost initiative. + +### Spark Proxy Spell + +- **Authorization**: [Ecosystem Authorization 1](https://forum.sky.money/t/feb-20-2025-proposed-changes-to-spark-for-upcoming-spell/25951/6), [Ecosystem Authorization 2](https://forum.sky.money/t/feb-20-2025-proposed-changes-to-spark-for-upcoming-spell-2/25961/5), Governance Polls [1190](https://vote.makerdao.com/polling/QmUEJbje), [1191](https://vote.makerdao.com/polling/Qmdr4yqX), [1192](https://vote.makerdao.com/polling/QmWQcu5A), [1194](https://vote.makerdao.com/polling/QmcicBXG), [1195](https://vote.makerdao.com/polling/QmWbSTxi) +- **Proposal**: [Forum Post 1](https://forum.sky.money/t/feb-20-2025-proposed-changes-to-spark-for-upcoming-spell/25951), [Forum Post 2](https://forum.sky.money/t/feb-20-2025-proposed-changes-to-spark-for-upcoming-spell-2/25961) + +If this executive proposal passes, then a Spark Proxy Spell will be executed at [0x9EAa8d72BD731BE8eD71D768a912F6832492071e](https://etherscan.io/address/0x9EAa8d72BD731BE8eD71D768a912F6832492071e) with the following contents. + +#### [Mainnet and Base] Mint $100M USDS Worth of sUSDS into Base + +Minting an additional **100 million USDS worth of sUSDS** to Base. + +#### [Mainnet] Increase weETH Supply Cap Parameters + +- Increase the weETH [Supply Cap Target Available Exposure (`gap`)](https://sky-atlas.powerhouse.io/A.3.8.1.6.4.1.1_Cap_Automator_Target_Available_Exposure_Definition/78ec4709-3773-4f20-b3ef-d58d29f302c2%7C57eaf45219be6088aa1c4806) by 5,000 weETH from 5,000 weETH to **10,000 weETH**. +- Increase the weETH [Supply Cap Maximum Absolute Exposure (`max`)](https://sky-atlas.powerhouse.io/A.3.8.1.6.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition/a01eec5b-64d9-42fa-ae44-b27d22e14a42%7C57eaf45219be6088aa1c4806) by 300,000 weETH from 200,000 weETH to **500,000 weETH**. + +#### [Base] Increase PSM3 Rate Limits + +Changing the PSM3 [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits) on Base as follows: + +- Increase the USDC deposit rate limits from 4 million max, 2 million/day slope to **50 million max, 50 million/day slope**. +- Increase the USDC withdrawal rate limits from 7 million max, 2 million/day slope to **50 million max, 50 million/day slope**. +- Increase the USDS deposit rate limits from 5 million max, 2 million/day slope to **Unlimited**. +- Increase the sUSDS deposit rate limits from 8 million max, 2 million/day slope to **Unlimited**. + +#### [Mainnet] Whitelist sUSDS for Deposit/Withdrawal + +Whitelisting sUSDS Deposit/Withdraw as follows: + +- sUSDS Deposit: **Unlimited** +- sUSDS Withdraw: **Unlimited** + +#### Arbitrum Activation + +Onboarding Arbitrum One to the Spark Liquidity Layer with the following addresses and parameters: + +##### Addresses + +- Spark Governance: [0x65d946e533748A998B1f0E430803e39A6388f7a1](https://arbiscan.io/address/0x65d946e533748A998B1f0E430803e39A6388f7a1). +- PSM3: [0x2B05F8e1cACC6974fD79A673a341Fe1f58d27266](https://arbiscan.io/address/0x2B05F8e1cACC6974fD79A673a341Fe1f58d27266). +- SSR Oracle: [0xEE2816c1E1eed14d444552654Ed3027abC033A36](https://arbiscan.io/address/0xEE2816c1E1eed14d444552654Ed3027abC033A36). +- ALM Controller: [0x77e11453a99a7770b04f7921FfccD3eE9761ba6c](https://arbiscan.io/address/0x77e11453a99a7770b04f7921FfccD3eE9761ba6c). +- ALM Proxy: [0x92afd6F2385a90e44da3a8B60fe36f6cBe1D8709](https://arbiscan.io/address/0x92afd6F2385a90e44da3a8B60fe36f6cBe1D8709). +- ALM Rate Limits: [0x19D08879851FB54C2dCc4bb32b5a1EA5E9Ad6838](https://arbiscan.io/address/0x19D08879851FB54C2dCc4bb32b5a1EA5E9Ad6838). +- Freezer: [0x90D8c80C028B4C09C0d8dcAab9bbB057F0513431](https://arbiscan.io/address/0x90D8c80C028B4C09C0d8dcAab9bbB057F0513431). +- Relayer: [0x8a25A24EDE9482C4Fc0738F99611BE58F1c839AB](https://arbiscan.io/address/0x8a25A24EDE9482C4Fc0738F99611BE58F1c839AB). + +##### Initial [Rate Limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits) + +- CCTP Global: **Unlimited** +- CCTP from Arbitrum to Ethereum: **50 million max, 25 million / day slope** +- CCTP from Ethereum to Arbitrum: **50 million max, 25 million / day slope (Rate Limit on Ethereum)** +- USDC Deposit: **50 million max, 50 million / day slope** +- USDC Withdraw: **50 million max, 50 million / day slope** +- USDS Deposit: **Unlimited** +- USDS Withdraw: **Unlimited** +- sUSDS Deposit: **Unlimited** +- sUSDS Withdraw: **Unlimited** + +##### Initial Mint + +Minting an initial **100 million USDS** and **100 million USDS worth of sUSDS** to Arbitrum One. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - February 22, 2024.md b/governance/votes/Executive vote - February 22, 2024.md new file mode 100644 index 000000000..df61fb38d --- /dev/null +++ b/governance/votes/Executive vote - February 22, 2024.md @@ -0,0 +1,118 @@ +--- +title: Template - [Executive Vote] Stability Fee Changes, Spark Protocol D3M Parameter Changes, Housekeeping Actions, Spark Proxy Spell - February 22, 2024 +summary: Stability Fee changes for ETH-A, ETH-B, ETH-C, WSTETH-A, WSTETH-B, WBTC-A, WBTC-B, WBTC-C, Spark Protocol D3M parameter changes, pushing USDP out of input conduit, yanking BA Labs DAI and MKR vest streams, triggering Spark proxy spell. +date: 2024-02-22T00:00:00.000Z +address: "0xdB2C426173e5a9c10af3CD834B87DEAad40525Ff" + +--- +# [Executive Vote] Stability Fee Changes, Spark Protocol D3M Parameter Changes, Housekeeping Actions, Spark Proxy Spell - February 22, 2024 + +The Governance Facilitators, Sidestream, and Dewiz have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following actions will occur within the Maker Protocol: + +- ETH-A, ETH-B, ETH-C, WSTETH-A, WSTETH-B, WBTC-A, WBTC-B, WBTC-C [Stability Fees](https://manual.makerdao.com/parameter-index/vault-risk/param-stability-fee) will be decreased, as detailed below. +- Spark Protocol Dai Direct Deposit Module (D3M) parameters will be changed, as detailed below. +- The following housekeeping actions will be carried out: + - BA Labs DAI and MKR vest streams will be yanked, as detailed below. + - USDP will be pushed out of the input conduit, as detailed below. +- A Spark Protocol proxy spell will be triggered, as detailed below. + +**Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.** + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **48 hours**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### ETH-A, ETH-B, ETH-C, WSTETH-A, WSTETH-B, WBTC-A, WBTC-B, WBTC-C [Stability Fee](https://manual.makerdao.com/parameter-index/vault-risk/param-stability-fee) Decreases + +**Authorization:** [Ecosystem Approval](http://forum.makerdao.com/t/stability-scope-parameter-changes-9/23688/2)\ +**Proposal:** [Forum post "Stability Scope Parameter Changes #9"](https://forum.makerdao.com/t/stability-scope-parameter-changes-9/23688) + +If this executive proposal passes, following the recommendation of the Stability Scope Advisory Council Member, BA Labs, the following parameters will be changed: + +- Decrease the ETH-A Stability Fee by 0.33 percentage points, from 6.74% to **6.41%**. +- Decrease the ETH-B Stability Fee by 0.33 percentage points, from 7.24% to **6.91%**. +- Decrease the ETH-C Stability Fee by 0.33 percentage points, from 6.49% to **6.16%**. +- Decrease the WSTETH-A Stability Fee by 0.51 percentage points, from 7.16% to **6.65%**. +- Decrease the WSTETH-B Stability Fee by 0.51 percentage points, from 6.91% to **6.40%**. +- Decrease the WBTC-A Stability Fee by 0.02 percentage points, from 6.70% to **6.68%**. +- Decrease the WBTC-B Stability Fee by 0.02 percentage points, from 7.20% to **7.18%**. +- Decrease the WBTC-C Stability Fee by 0.02 percentage points, from 6.45% to **6.43%**. + +### SparkLend Dai Direct Deposit Module (D3M) Parameter Changes + +**Authorization:** [Ecosystem Approval](https://forum.makerdao.com/t/feb-9-2024-proposed-changes-to-sparklend-for-upcoming-spell/23656/3)\ +**Proposal:** [Forum post "[Feb 9, 2024] Proposed Changes to SparkLend for Upcoming Spell"](https://forum.makerdao.com/t/feb-9-2024-proposed-changes-to-sparklend-for-upcoming-spell/23656) + +If this executive proposal passes, following the recommendation of Ecosystem Actor Phoenix Labs, the following Spark Protocol Dai Direct Deposit Module (D3M) parameters will be changed: + +- Increase the `DIRECT-SPARK-DAI` [Maximum Debt Ceiling (`line`)](https://manual.makerdao.com/module-index/module-dciam#maximum-debt-ceiling-line) by 300 million DAI from 1.2 billion DAI to **1.5 billion DAI**. +- Increase the `DIRECT-SPARK-DAI` [Target Available Debt (`gap`)](https://manual.makerdao.com/module-index/module-dciam#target-available-debt-gap) by 20 million DAI from 20 million DAI to **40 million DAI**. +- Increase the `DIRECT-SPARK-DAI` [Ceiling Increase Cooldown (`ttl`)](https://manual.makerdao.com/module-index/module-dciam#ceiling-increase-cooldown-ttl) by 12 hours from 12 hours to **24 hours**. +- Increase the `DIRECT-SPARK-DAI` buffer by 20 million DAI from 30 million DAI to **50 million DAI**. + - The `buffer` value is set in the [SparkLend D3MPlan](https://etherscan.io/address/0x104fadbb7e17db1a685bba61007dfb015206a4d2#code) contract. It controls the target amount of DAI available for borrowing at any given time in SparkLend. For example, if 100 million DAI has been borrowed and the `buffer` is set to 20 million DAI, the D3M will mint enough DAI to ensure that the Total Supply is 120 million DAI and deposit it to SparkLend, assuming there is sufficient available Debt Ceiling. + +### Housekeeping Actions + +**Authorization:** [Ecosystem Approval](https://forum.makerdao.com/t/proposed-housekeeping-items-upcoming-executive-spell-2024-02-22/23697/2), [2](http://forum.makerdao.com/t/proposed-housekeeping-items-upcoming-executive-spell-2024-02-22/23697/4)\ +**Proposal:** [Forum post "Proposed Housekeeping items (Upcoming Executive Spell - 2024-02-22)"](https://forum.makerdao.com/t/proposed-housekeeping-items-upcoming-executive-spell-2024-02-22/23697) + +#### USDP Input Conduit Management + +If this executive proposal passes, following the recommendation of the Governance Facilitators in collaboration with the spell team, the following operations will be performed: + +- Raise `PSM-PAX-A` Debt Ceiling to **1,000,000 DAI** +- Call push(uint256 amt) on `MCD_PSM_PAX_A_INPUT_CONDUIT_JAR` with an `amt` of **754,598.72 USDP** +- Call void() on `MCD_PSM_PAX_A_JAR` +- Set `PSM-PAX-A` Debt Ceiling to **0 DAI** + +This will have the following net results: + +- **Debt Ceiling** remains at **0 DAI** after the transaction has been executed. +- Dai generated from `PSM_PAX_A` increases by **754,598.72 DAI**. +- USDP balance of [MCD_JOIN_PSM_PAX_A](https://etherscan.io/address/0x7bbd8ca5e413bca521c2c80d8d1908616894cf21) increases by **754,598.72 USDP**. +- USDP balance of [PSM_PAX_A_INPUT_CONDUIT_JAR](https://etherscan.io/address/0xda276ab5f1505965e0b6cd1b6da2a18ccbb29515) decreases to **0 USDP**. +- Surplus Buffer increases by **754,598.72 DAI**. + + +#### Yank BA Labs DAI and MKR Vest Streams + +If this executive proposal passes, following the recommendation of the Governance Facilitators, the BA Labs DAI and MKR vest streams will be canceled (yanked), namely: + +- yank BA Labs **DAI** stream **20**. +- yank BA Labs **DAI** stream **21**. +- yank BA Labs **MKR** stream **35**. + +The reason for this recommendation is that BA Labs will transition to Launch Project funding. + +### Trigger Spark Proxy Spell + +**Authorization:** [Ecosystem Approval](https://forum.makerdao.com/t/stability-scope-parameter-changes-9/23688/2), [Governance Poll](https://vote.makerdao.com/polling/QmQC1UXZ)\ +**Proposal:** [Forum post "Stability Scope Parameter Changes #9"](https://forum.makerdao.com/t/stability-scope-parameter-changes-9/23688), [Forum post "[Feb 14, 2024] Proposed Changes to SparkLend for Upcoming Spell"](https://forum.makerdao.com/t/feb-14-2024-proposed-changes-to-sparklend-for-upcoming-spell/23684) + +If this executive proposal passes, the SparkLend Proxy Spell (Ethereum) at [0x5D9406F377e6aFebAE18552806EA327eC7B10000](https://etherscan.io/address/0x5D9406F377e6aFebAE18552806EA327eC7B10000) will be executed, containing the following major items: +- Increase the [wstETH](https://app.spark.fi/reserve-overview/?underlyingAsset=0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0&marketName=proto_spark_v3) [Supply Cap](https://docs.sparkprotocol.io/developers/sparklend/features/supply-borrow-caps#supply-caps) to **1.2 million wstETH**. +- Increase the Spark DAI Effective Borrow APY by 0.24 percentage points, from 6.46% to **6.70%**. + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - February 6, 2025.md b/governance/votes/Executive vote - February 6, 2025.md new file mode 100644 index 000000000..252616a70 --- /dev/null +++ b/governance/votes/Executive vote - February 6, 2025.md @@ -0,0 +1,136 @@ +--- +title: Template - [Executive Vote] Rate Adjustments, Sweep PauseProxy DAI, Integration Boost Funding, Whistleblower Payments, Spark Proxy Spell - February 6, 2025 +summary: Decrease stability fee and savings rates, sweep DAI in PauseProxy to the Surplus Buffer, distribute Integration Boost funding, payment to alignment whistleblower, trigger a Spark Proxy spell. +date: 2025-02-06T00:00:00.000Z +address: "0x1695fa1674eFf5DAa1C579246038cc81bE26Ffa7" + +--- +# [Executive Proposal] Rate Adjustments, Sweep PauseProxy DAI, Integration Boost Funding, Whistleblower Payments, Spark Proxy Spell - February 6, 2025 + +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for multiple vaults and the [Savings Rates (DSR and SSR)](https://sky-atlas.powerhouse.io/A.4.3.1_Savings_Rates/5586fe33-b0af-41f0-9629-b1716c7c0967%7Cb3417d54) will be decreased. +- **406,451.52 DAI** in the [PauseProxy](https://etherscan.io/address/0xbe8e3e3618f7474f8cb1d074a26affef007e98fb) will be swept into the [Surplus Buffer](https://sky-atlas.powerhouse.io/A.3.5.1_Surplus_Buffer/11af2ff0-8d73-806a-afb0-ca38393197d3%7C57ea2c54). +- **3 million USDS** for Integration Boost funding will be transferred to [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7). +- **1,000 USDS** will be transferred to a misalignment whistleblower at [0xa6e8772af29b29B9202a073f8E36f447689BEef6](https://etherscan.io/address/0xa6e8772af29b29B9202a073f8E36f447689BEef6). +- A Spark Proxy spell at [0xD5c59b7c1DD8D2663b4c826574ed968B2C8329C0](https://etherscan.io/address/0xD5c59b7c1DD8D2663b4c826574ed968B2C8329C0#code) will be triggered. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**30 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### Rate Adjustments + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/feb-6-2025-stability-scope-parameter-changes-21/25906/4) +- **Proposal**: [Forum Post](https://forum.sky.money/t/feb-6-2025-stability-scope-parameter-changes-21/25906/3) + +If this executive proposal passes, then the stability fees for multiple vaults and the [Savings Rates (DSR and SSR)](https://sky-atlas.powerhouse.io/A.4.3.1_Savings_Rates/5586fe33-b0af-41f0-9629-b1716c7c0967%7Cb3417d54) will be decreased as follows. + +#### [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) Adjustments + +- Reduce ETH-A Stability Fee by 3 percentage points from 12.75% to **9.75%**. +- Reduce ETH-B Stability Fee by 3 percentage points from 13.25% to **10.25%**. +- Reduce ETH-C Stability Fee by 3 percentage points from 12.50% to **9.50%**. +- Reduce WSTETH-A Stability Fee by 3 percentage points from 13.75% to **10.75%**. +- Reduce WSTETH-B Stability Fee by 3 percentage points from 13.50% to **10.50%**. +- Reduce WBTC-A Stability Fee by 2 percentage points from 16.25% to **14.25%**. +- Reduce WBTC-B Stability Fee by 2 percentage points from 16.75% to **14.75%**. +- Reduce WBTC-C Stability Fee by 2 percentage points from 16.00% to **14.00%**. +- Reduce ALLOCATOR-SPARK-A Stability Fee by 4.04 percentage points from 5.37% to **1.33%**. + +#### [Savings Rates (DSR and SSR)](https://sky-atlas.powerhouse.io/A.4.3.1_Savings_Rates/5586fe33-b0af-41f0-9629-b1716c7c0967%7Cb3417d54) Adjustments + +- Reduce DSR by 4 percentage points from 11.25% to **7.25%**. +- Reduce SSR by 3.75 percentage points from 12.50% to **8.75%**. + +### Sweep DAI from PauseProxy to Surplus Buffer + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/consolfreight-rwa-003-cf4-drop-default/21745/24) +- **Proposal**: [Forum Post](https://forum.sky.money/t/consolfreight-rwa-003-cf4-drop-default/21745/23) + +If this executive proposal passes, then **406,451.52 DAI** from the [default of the ConsolFreight Vault](https://forum.sky.money/t/consolfreight-rwa-003-cf4-drop-default/21745) in the [PauseProxy](https://etherscan.io/address/0xbe8e3e3618f7474f8cb1d074a26affef007e98fb) will be swept into the [Surplus Buffer](https://sky-atlas.powerhouse.io/A.3.5.1_Surplus_Buffer/11af2ff0-8d73-806a-afb0-ca38393197d3%7C57ea2c54). + +### Integration Boost Funding + +- **Authorization**: [Atlas](https://sky-atlas.powerhouse.io/A.5.2.1.2_Integration_Boost/129f2ff0-8d73-8057-850b-d32304e9c91a|8d5a9e88cf49) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-integration-boost-budget-a-5-2-1-2/25536/5) + +If this executive proposal passes, then **3 million USDS** will be transferred to [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7) to continue funding the Integration Boost initiative. + +### Whistleblower Payment + +- **Authorization**: [Atlas](https://sky-atlas.powerhouse.io/A.1.5.19_Whistleblower_Bounty/fb2de9a9-8154-46b8-9631-a5dda875921e|0db3af4e955e) +- **Proposal**: [Forum Post](https://forum.sky.money/t/whistleblower-bounty-and-ad-penalty-for-misalignment/25911) + +If this executive proposal passes, then a misalignment whistleblower payment of **1,000 USDS** will be transferred to GFX Labs at[0xa6e8772af29b29B9202a073f8E36f447689BEef6](https://etherscan.io/address/0xa6e8772af29b29B9202a073f8E36f447689BEef6), pursuant to [A1.5.19](https://sky-atlas.powerhouse.io/A.1.5.19_Whistleblower_Bounty/fb2de9a9-8154-46b8-9631-a5dda875921e|0db3af4e955e). + +### Spark Proxy Spell + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/feb-6-2025-proposed-changes-to-spark-for-upcoming-spell-actual/25888/3), Governance Polls [1184](https://vote.makerdao.com/polling/QmUMkWLQ); [1185](https://vote.makerdao.com/polling/QmTfntSm); [1186](https://vote.makerdao.com/polling/QmWCe4JD); [1187](https://vote.makerdao.com/polling/QmbSANrr); [1188](https://vote.makerdao.com/polling/QmRKhzad) +- **Proposal**: [Forum Post](https://forum.sky.money/t/feb-6-2025-proposed-changes-to-spark-for-upcoming-spell-actual/25888) + +If this executive proposal passes, then a Spark Proxy Spell will be executed at [0xD5c59b7c1DD8D2663b4c826574ed968B2C8329C0](https://etherscan.io/address/0xD5c59b7c1DD8D2663b4c826574ed968B2C8329C0#code) with the following contents. + +#### Spark Liquidity Layer Base - Increase Morpho USDC Vault Timelock + +Increase the Morpho USDC vault [0x7BfA7C4f149E7415b73bdeDfe609237e29CBF34A](https://basescan.org/address/0x7BfA7C4f149E7415b73bdeDfe609237e29CBF34A) timelock to **1 day** on Base. + +#### Spark Liquidity Layer Base - Onboard Fluid sUSDS + +Onboard Fluid sUSDS to the Spark Liquidity Layer on Base with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- `max amount`: **10 million sUSDS** +- `slope`: **5 million sUSDS per day** + +Savings USDS Vault: [0xf62e339f21d8018940f188F6987Bcdf02A849619](https://basescan.org/address/0xf62e339f21d8018940f188F6987Bcdf02A849619) + +#### Spark Liquidity Layer Mainnet - Onboard Fluid sUSDS + +Onboard Fluid sUSDS to the Spark Liquidity Layer on Mainnet with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- `max amount`: **10 million sUSDS** +- `slope`: **5 million sUSDS per day** + +Savings USDS Vault: [0x2BBE31d63E6813E3AC858C04dae43FB2a72B0D11](https://etherscan.io/address/0x2BBE31d63E6813E3AC858C04dae43FB2a72B0D11) + +#### SparkLend Ethereum - Adjust WBTC Parameters + +Reduce the WBTC [liquidation threshold](https://sky-atlas.powerhouse.io/A.3.8.1.6.1.5_Liquidation_Threshold_Definition/9170a423-fba1-4fbe-83c4-f55f2510a9db|57eaf45219be608847d6) by 5 percentage points from 55% to **50%**. + +#### SparkLend Ethereum - Update ETH and BTC Price Feeds + +Update the ETH and BTC price feeds to the new version of [Aggor](https://github.com/chronicleprotocol/aggor) on SparkLend Ethereum on the following markets: + +- ETH: [0x2750e4CB635aF1FCCFB10C0eA54B5b5bfC2759b6](https://etherscan.io/address/0x2750e4CB635aF1FCCFB10C0eA54B5b5bfC2759b6) +- wstETH: [0xE98d51fa014C7Ed68018DbfE6347DE9C3f39Ca39](https://etherscan.io/address/0xE98d51fa014C7Ed68018DbfE6347DE9C3f39Ca39) +- weETH: [0xBE21C54Dff3b2F1708970d185aa5b0eEB70556f1](https://etherscan.io/address/0xBE21C54Dff3b2F1708970d185aa5b0eEB70556f1) +- rETH: [0xFDdf8D19D092839A26b31365c927cA236B5086cf](https://etherscan.io/address/0xFDdf8D19D092839A26b31365c927cA236B5086cf) +- cbBTC: [0x4219aA1A99f3fe90C2ACB97fCbc1204f6485B537](https://etherscan.io/address/0x4219aA1A99f3fe90C2ACB97fCbc1204f6485B537) + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - February 07, 2024.md b/governance/votes/Executive vote - February 7, 2024.md similarity index 94% rename from governance/votes/Executive vote - February 07, 2024.md rename to governance/votes/Executive vote - February 7, 2024.md index 0508e02e4..26b146df9 100644 --- a/governance/votes/Executive vote - February 07, 2024.md +++ b/governance/votes/Executive vote - February 7, 2024.md @@ -1,13 +1,13 @@ --- -title: Template - [Executive Vote] Auction Parameter Updates, GUSD Input Conduit Management, Aave-SparkLend Revenue Share, RWA009-A doc Update, Delegate Compensation for January 2024 - February 07, 2024 +title: Template - [Executive Vote] Auction Parameter Updates, GUSD Input Conduit Management, Aave-SparkLend Revenue Share, RWA009-A doc Update, Delegate Compensation for January 2024 - February 7, 2024 summary: Update auction throughput parameters, convert remaining GUSD into Dai, transfer Dai to Aave as part of the SparkLend revenue sharing agreement, update the `doc` for RWA009-A, Aligned Delegate compensation transfers for January 2024. date: 2024-02-07T00:00:00.000Z -address: "$spell_address" +address: "0x0E9AB92e3Fad77eE35a5f702Ac56c48bAAB7B0eE" --- -# [Executive Proposal] Auction Parameter Updates, GUSD Input Conduit Management, Aave-SparkLend Revenue Share, RWA009-A doc Update, Delegate Compensation for January 2024 - February 07, 2024 +# [Executive Proposal] Auction Parameter Updates, GUSD Input Conduit Management, Aave-SparkLend Revenue Share, RWA009-A doc Update, Delegate Compensation for January 2024 - February 7, 2024 -The Governance Facilitator, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. @@ -59,7 +59,7 @@ If this executive proposal passes, the following auction parameter changes will If this executive proposal passes, the following actions will be taken to `push` the remaining GUSD out of the PSM_GUSD_INPUT_CONDUIT_JAR, exchange it for Dai, and add it to the Surplus Buffer: -1. Raise Debt Ceiling of PSM_GUSD_A to **567,660 DAI** - accounting for the GUSD rewards and the remaining 0.91 DAI debt still present in the vault. +1. Raise Debt Ceiling of PSM_GUSD_A to **597,660 DAI** - accounting for the GUSD rewards and the remaining 0.91 DAI debt still present in the vault. 2. Call `push(uint256 amt)` on the [PSM_GUSD_A_INPUT_CONDUIT_JAR](https://etherscan.io/address/0x6934218d8b3e9ffcabee8cd80f4c1c4167afa638) contract with an `amt` of **597,659**, depositing the contents of the contract to the PSM and receiving an identical amount of Dai into the [PSM_GUSD_A_JAR](https://etherscan.io/address/0xf2e7a5b83525c3017383deed19bb05fe34a62c27) contract. 3. Call `void` on the [PSM_GUSD_A_JAR](https://etherscan.io/address/0xf2e7a5b83525c3017383deed19bb05fe34a62c27) contract to deposit the Dai to the Surplus Buffer. 4. Decrease Debt Ceiling of PSM_GUSD_A back to **0 DAI**. @@ -67,10 +67,10 @@ If this executive proposal passes, the following actions will be taken to `push` This will have the following net results: 1. Debt Ceiling remains at 0 after the transaction has executed. -2. Dai minted from PSM_GUSD_A increases to 567,659.91 DAI. -3. GUSD balance of [MCD_JOIN_PSM_GUSD_A](https://etherscan.io/address/0x79a0fa989fb7adf1f8e80c93ee605ebb94f7c6a5) increases to 567,659.91 GUSD. +2. Dai minted from PSM_GUSD_A increases to 597,659.91 DAI. +3. GUSD balance of [MCD_JOIN_PSM_GUSD_A](https://etherscan.io/address/0x79a0fa989fb7adf1f8e80c93ee605ebb94f7c6a5) increases to 597,659.91 GUSD. 4. GUSD balance of [PSM_GUSD_A_INPUT_CONDUIT_JAR](https://etherscan.io/address/0x6934218d8b3e9ffcabee8cd80f4c1c4167afa638) decreases to 0 GUSD. -5. Surplus Buffer increases by 567,659 DAI. +5. Surplus Buffer increases by 597,659 DAI. ### Aave-SparkLend Revenue Share @@ -122,4 +122,4 @@ Community debate on these topics can be found on the MakerDAO [Governance forum] Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). -To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). \ No newline at end of file +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - January 23, 2025.md b/governance/votes/Executive vote - January 23, 2025.md new file mode 100644 index 000000000..61f45c9f0 --- /dev/null +++ b/governance/votes/Executive vote - January 23, 2025.md @@ -0,0 +1,272 @@ +--- +title: Template - [Executive Vote] Stability Fee Change, DAI Savings Rate Change, Launch Project Funding, Integration Boost Funding, Aligned Delegate Compensation, Atlas Core Developer Payments, New Suckable USDS Vest Contract Setup, New Transferrable SKY Vest Contract Setup, Setting Facilitator Payment Streams, SparkLend-Aave Q4 2024 Revenue Share Payment, TACO DAO Resolution Approval, Spark Proxy Spell - January 23, 2025 +summary: Stability Fee change for ALLOCATOR-SPARK-A, DAI Savings Rate decrease, Launch Project and Integration Boost funding, Aligned Delegate compensation for December 2024, Atlas Core Developer payments for January 2025, New Suckable USDS Vest Contract setup, New Transferrable SKY Vest Contract setup, Setting Facilitator Payment Streams, SparkLend-Aave Q4 2024 Revenue Share Payment, TACO DAO Resolution approval, Spark Proxy Spell. +date: 2025-01-23T00:00:00.000Z +address: "0x1F23E5aBCF7358B6Fb044C8c5E1A7bA7c001ffB6" + +--- +# [Executive Proposal] Stability Fee Change, DAI Savings Rate Change, Launch Project Funding, Integration Boost Funding, Aligned Delegate Compensation, Atlas Core Developer Payments, New Suckable USDS Vest Contract Setup, New Transferrable SKY Vest Contract Setup, Setting Facilitator Payment Streams, SparkLend-Aave Q4 2024 Revenue Share Payment, TACO DAO Resolution Approval, Spark Proxy Spell - January 23, 2025 + +The Governance Facilitators, Sidestream, and Dewiz have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- The [Stability Fee](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for ALLOCATOR-SPARK-A will be decreased. +- The [DAI Savings Rate (DSR)](https://sky-atlas.powerhouse.io/A.4.3.1_Savings_Rates/5586fe33-b0af-41f0-9629-b1716c7c0967%7Cb3417d54) will be decreased. +- A total of **10 million USDS** and **24 million SKY** will be transferred to the Launch Project. +- A total of **2.5 million USDS** will be transferred to the Integration Boost. +- A total of **25,402 USDS** will be distributed as Aligned Delegate compensation for December 2024. +- A total of **122,438 USDS** and **988,000 SKY** will be distributed as Atlas Core Development payments. +- A new suckable USDS vest contract will be set up. +- A new transferrable SKY vest contract will be set up. +- Three Facilitator USDS payment streams will be set up. +- Three Facilitator SKY payment streams will be set up. +- A total of **314,567 DAI** will be distributed as SparkLend-Aave Revenue Share payment for Q4 2024. +- A TACO DAO Resolution will be approved. +- A Spark proxy spell will be executed. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**30 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### Stability Fee Change + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/stability-scope-parameter-changes-20-spark-liquidity-layer-dsr/25861/2) +- **Proposal**: [Forum post](https://forum.sky.money/t/stability-scope-parameter-changes-20-spark-liquidity-layer-dsr/25861) + +If this executive proposal passes, then the [Stability Fee (SF)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for the vault type listed below will be changed as follows: + +- Decrease ALLOCATOR-SPARK-A SF by 6.88 percentage points from 12.25% to **5.37%**. + +### DAI Savings Rate Reduction + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/stability-scope-parameter-changes-20-spark-liquidity-layer-dsr/25861/2) +- **Proposal**: [Forum post](https://forum.sky.money/t/stability-scope-parameter-changes-20-spark-liquidity-layer-dsr/25861) + +If this executive proposal passes, then the [DAI Savings Rate (DSR)](https://sky-atlas.powerhouse.io/A.3.2.2.2_Dai_Savings_Rate/8e289e71-7ec5-4ce5-8d4d-41aab7a50f53|57eab733e951) will be decreased as follows: + +- Decrease the DSR by 0.25 percentage points from 11.50% to **11.25%**. + +### Launch Project Funding + +- **Authorization**: [Atlas A.5.6](https://sky-atlas.powerhouse.io/A.5.6_Launch_Project/1f433d9d-7cdb-406f-b7e8-f9bc4855eb77%7C8d5a) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/27) + +If this executive proposal passes, then the following Launch Project funding distributions will be made: + +- Transfer **10 million USDS** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). +- Transfer **24 million SKY** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). + +### Integration Boost Funding + +- **Authorization**: [Atlas A.5.2.1.2](https://sky-atlas.powerhouse.io/A.5.2.1.2_Integration_Boost/129f2ff0-8d73-8057-850b-d32304e9c91a%7C8d5a9e88cf49) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-integration-boost-budget-a-5-2-1-2/25536/4) + +If this executive proposal passes, then the following Integration Boost funding distribution will be made: + +- Transfer **2.5 million USDS** to [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7). + +### Aligned Delegate Compensation for December 2024 + +- **Authorization**: [Atlas A.1.5.8](https://sky-atlas.powerhouse.io/A.1.5.8_Budget_For_Prime_Delegate_Slots/e3e420fc-9b1f-4fdc-9983-fcebc45dd3aa%7C0db3af4ece0c) +- **Proposal**: [Forum Post](https://forum.sky.money/t/december-2024-aligned-delegate-compensation/25854) + +If this executive proposal passes, then a total of **25,402 USDS** will be distributed to seven Aligned Delegates as compensation for December 2024. + +| Delegate | Amount (USDS) | Address | +|-------------|---------------|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 4,000 USDS | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Bonapublica | 4,000 USDS | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) | +| Cloaky | 4,000 USDS | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | +| JuliaChang | 4,000 USDS | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| vigilant | 4,000 USDS | [0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61](https://etherscan.io/address/0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61) | +| PBG | 3,467 USDS | [0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2](https://etherscan.io/address/0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2) | +| Byteron | 1,935 USDS | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | + +### Atlas Core Development Payments + +- **Authorization**: [Ecosystem Authorization](http://forum.sky.money/t/atlas-core-development-payment-requests-january-2025/25842/6), [Atlas Axis Authorization](http://forum.sky.money/t/atlas-core-development-payment-requests-january-2025/25842/5) +- **Proposal**: [Forum Post](https://forum.sky.money/t/atlas-core-development-payment-requests-january-2025/25842) + +If this executive proposal passes, then a total of **122,438 USDS** and **988,000 SKY** will be distributed to two Atlas Core Development contributors and their teams: + +#### USDS Token Transfers + +| Contributor | USDS Amount | Address | +|-----------------|-------------|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 83,602 USDS | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Kohla (Cloaky) | 10,000 USDS | [0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a](https://etherscan.io/address/0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a) | +| Ennoia (Cloaky) | 10,000 USDS | [0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b](https://etherscan.io/address/0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b) | +| Cloaky | 18,836 USDS | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | + +#### SKY Token Transfers + +| Contributor | SKY Amount | Address | +|-------------|-------------|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 550,000 SKY | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 438,000 SKY | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | + + +### New Suckable USDS Vest Contract Setup + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/proposed-housekeeping-items-upcoming-executive-spell-2025-01-23/25852/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/proposed-housekeeping-items-upcoming-executive-spell-2025-01-23/25852) + +If this executive proposal passes, then a new suckable USDS vest contract will be set up through the following actions: + +- Authorize the new USDS vest contract ([0xc447a9745aDe9A44Bb9E37B7F6C92f9582544110](https://etherscan.io/address/0xc447a9745aDe9A44Bb9E37B7F6C92f9582544110)) to access the surplus buffer (MCD_VAT). +- Set the maximum vesting speed (`cap`) on the new USDS vest contract to **46,200 USDS per 30 days**. +- Add the new USDS vest contract ([0xc447a9745aDe9A44Bb9E37B7F6C92f9582544110](https://etherscan.io/address/0xc447a9745aDe9A44Bb9E37B7F6C92f9582544110)) to Chainlog under `MCD_VEST_USDS`. + +### New Transferrable SKY Vest Contract Setup + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/proposed-housekeeping-items-upcoming-executive-spell-2025-01-23/25852/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/proposed-housekeeping-items-upcoming-executive-spell-2025-01-23/25852) + +If this executive proposal passes, then a new transferrable SKY vest contract will be set up through the following actions: + +- Convert **624 MKR** held in the Pause Proxy to SKY via the `MKR_SKY` contract. +- Approve the new SKY vest contract ([0x67eaDb3288cceDe034cE95b0511DCc65cf630bB6](https://etherscan.io/address/0x67eaDb3288cceDe034cE95b0511DCc65cf630bB6)) to take a total of **14,256,000 SKY** from the treasury (`MCD_PAUSE_PROXY`.) +- Set the maximum vesting speed (`cap`) on the new SKY vest contract to **475,200 SKY per 30 days**. +- Add the new SKY vest contract ([0x67eaDb3288cceDe034cE95b0511DCc65cf630bB6](https://etherscan.io/address/0x67eaDb3288cceDe034cE95b0511DCc65cf630bB6)) to Chainlog under `MCD_VEST_SKY_TREASURY`. + +### Facilitator Payment Streams Setup + +- **Authorization**: [Atlas A.1.6.2.4.1](https://sky-atlas.powerhouse.io/A.1.6.2.4.1_List_of_Facilitator_Budgets/c511460d-53df-47e9-a4a5-2e48a533315b%7C0db3343515519c4a) +- **Proposal**: [Forum Post](https://forum.sky.money/t/proposed-housekeeping-items-upcoming-executive-spell-2025-01-23/25852) + +If this executive proposal passes, the following vesting streams will be created: + +#### USDS Streams + +| Facilitator | Address | Amount (USDS) | Start Date | End Date | +|--------------|-----------------------------------------------------------------------------------------------------------------------|--------------|------------|------------| +| Endgame Edge | [0x9E72629dF4fcaA2c2F5813FbbDc55064345431b1](https://etherscan.io/address/0x9E72629dF4fcaA2c2F5813FbbDc55064345431b1) | 462,000 | 2025-02-01 | 2025-12-31 | +| JanSky | [0xf3F868534FAD48EF5a228Fe78669cf242745a755](https://etherscan.io/address/0xf3F868534FAD48EF5a228Fe78669cf242745a755) | 462,000 | 2025-02-01 | 2025-12-31 | +| Ecosystem | [0xFCa6e196c2ad557E64D9397e283C2AFe57344b75](https://etherscan.io/address/0xFCa6e196c2ad557E64D9397e283C2AFe57344b75) | 462,000 | 2025-02-01 | 2025-12-31 | + +#### SKY Streams + +| Facilitator | Address | Amount (SKY) | Start Date | End Date | +|--------------|-----------------------------------------------------------------------------------------------------------------------|--------------|------------|------------| +| Endgame Edge | [0x9E72629dF4fcaA2c2F5813FbbDc55064345431b1](https://etherscan.io/address/0x9E72629dF4fcaA2c2F5813FbbDc55064345431b1) | 4,752,000 SKY | 2025-02-01 | 2025-12-31 | +| JanSky | [0xf3F868534FAD48EF5a228Fe78669cf242745a755](https://etherscan.io/address/0xf3F868534FAD48EF5a228Fe78669cf242745a755) | 4,752,000 SKY | 2025-02-01 | 2025-12-31 | +| Ecosystem | [0xFCa6e196c2ad557E64D9397e283C2AFe57344b75](https://etherscan.io/address/0xFCa6e196c2ad557E64D9397e283C2AFe57344b75) | 4,752,000 SKY | 2025-02-01 | 2025-12-31 | + +### SparkLend-Aave Q4 2024 Revenue Share Payment + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/spark-aave-revenue-share-calculations-payments-6-q4-2024/25820/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/spark-aave-revenue-share-calculations-payments-6-q4-2024/25820) + +If this executive proposal passes, then a payment of **314,567 DAI** will be made to a smart contract controlled by Aave Governance at [0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c](https://etherscan.io/address/0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c) as part of the SparkLend-Aave Revenue Share. + +### TACO DAO Resolution Approval + +- **Authorization:** [Forum post](http://forum.sky.money/t/project-andromeda-risk-legal-assessment/20969/14) +- **Proposal:** [Forum post](https://forum.sky.money/t/project-andromeda-risk-legal-assessment/20969/12) + +If this executive proposal passes, the resolutions posted within IPFS hash [bafkreieqcricvrwb7ndxep6unlhhm6iie3dlkr3cl4tdypinjws4pycalq](https://gateway.pinata.cloud/ipfs/bafkreieqcricvrwb7ndxep6unlhhm6iie3dlkr3cl4tdypinjws4pycalq) will be approved. + +### Spark Proxy Spell + +- **Authorization**: Governance Polls [1180](https://vote.makerdao.com/polling/QmRAavx5), [1181](https://vote.makerdao.com/polling/QmY4D1u8), [1182](https://vote.makerdao.com/polling/QmU3Xu4W), [1183](https://vote.makerdao.com/polling/QmexceBK) +- **Proposal**: [Forum Posts](https://forum.sky.money/t/jan-23-2025-proposed-changes-to-spark-for-upcoming-spell/25825) + +If this executive proposal passes, then a Spark Proxy Spell, prepared by Phoenix Labs, and reviewed by Wonderland and Certora, will be executed at [0xFe447da54AdD21a8503eb81d328c5D60fE90eC26](https://etherscan.io/address/0xFe447da54AdD21a8503eb81d328c5D60fE90eC26) with the following contents: + +#### [Mainnet] Onboard USDS + +- Onboarding USDS onto SparkLend Ethereum with the following parameters: + - [Optimal Utilization](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.11_Optimal_Utilization_Definition-7dd3b868-b5c1-4f16-b997-8fb35a971ab1|57eaf45219be608847d6): **95%** + - [Base](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.13_Base_Rate_Definition-3ea70be9-6d09-4e25-8025-a0235dd71c28|57eaf45219be608847d6): **SSR + 0.25%** + - [Slope1](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.15_Slope_1_Definition-20c3c3c3-432e-48ac-8336-86b8345f920e|57eaf45219be608847d6): **0%** + - [Slope2](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.16_Slope_2_Definition-e5bb5c04-c9f1-4f85-bd45-1d36269482fe|57eaf45219be608847d6): **20%** + - Stable rate func (deprecated): **N/A** + - Enable Borrow: **YES** + - Stable Rate Borrowing: **NO** + - [Isolation Borrowable](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.20_Isolated_Borrow-9acac8ca-3870-4680-ae38-1ba3deb09fe3|57eaf45219be608847d6bfdb): **YES** + - [Siloed Borrowing](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.21_Siloed_Borrowing_Enabled_Definition-2683581e-34fd-4025-b3ef-a46fc19ec855|57eaf45219be608847d6): **NO** + - [Flash Loan](https://docs.spark.fi/dev/sparklend/features/flash-loans#flash-loans): **NO** + - [Loan To Value](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.4_LTV_Definition-e5d19de9-0eb7-4572-857c-e83d91d92c88|57eaf45219be608847d6): **0%** + - [Liquidation Threshold](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.5_Liquidation_Threshold_Definition-9170a423-fba1-4fbe-83c4-f55f2510a9db|57eaf45219be608847d6): **0%** + - [Liquidation Bonus](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.7_Liquidation_Bonus_Definition-c5e7dbac-42f7-4c53-9e89-fa699cd9d5b5|57eaf45219be608847d6): **10%** + - [Reserve Factor](https://docs.aave.com/risk/asset-risk/risk-parameters#reserve-factor): **0%** + - [Supply Cap](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.9_Supply_Cap_Definition-75575b79-9a3c-4601-9c57-dd2f7f48e285|57eaf45219be608847d6): **unlimited** + - [Supply Cap Absolute Maximum Exposure (`max`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806)]: **N/A** + - [Supply Cap Target Available Exposure (`gap`)](https://sky-atlas.powerhouse.io#A.3.8.1.5.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806): **N/A** + - [Supply Cap Automator Cooldown Period (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **N/A** + - [Borrow Cap](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.10_Borrow_Cap_Definition-fb930369-4ebc-4de0-9414-0a029857bc24|57eaf45219be608847d6): **unlimited** + - [Borrow Cap Absolute Maximum Exposure (`max`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806): **N/A** + - [Borrow Cap Target Available Exposure (`gap`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806): **N/A** + - [Borrow Cap Automator Cooldown Period (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **N/A** + - [Isolation Mode](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **NO** + - Isolation Mode Debt Ceiling: **0** + - Liquidation Protocol Fee: **10%** + - [High Efficiency Mode (`Emode`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.6_High_Efficiency_Mode_Category_Definition-09de838a-b46c-4cdb-9467-adacdbcf4c00|57eaf45219be608847d6) Category: **0** + +#### [Mainnet Liquidity Layer] Onboard Aave Prime USDS + +- Onboarding Aave Prime USDS onto the SparkLend Liquidity Layer with the following parameters: + - Deposits: + - Max amount: **50 million USDS** + - Slope: **50 million USDS per day** + - Withdrawals + - Max amount: **Unlimited** + - Slope: **Unlimited** + +#### [Mainnet Liquidity Layer] Onboard SparkLend USDS, USDC + +- Onboarding SparkLend USDS and SparkLend USDC onto the SparkLend Liquidity Layer with the following parameters: + - **USDS**: + - Deposits: + - Max amount: **150 million USDS** + - Slope: **75 million USDS per day** + - Withdrawals: + - Max amount: **Unlimited** + - Slope: **Unlimited** + - **USDC**: + - Deposits: + - Max amount: **20 million USDC** + - Slope: **10 million USDC per day** + - Withdrawals: + - Max amount: **Unlimited** + - Slope: **Unlimited** + +#### [Mainnet Liquidity Layer] Modify Rate Limits + +- Setting the following [rate limit parameters](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits) for Spark Liquidity Layer Mainnet USDS and USDC: + - **Minting USDS**: + - Max amount: 50 million USDS + - Slope: 50 million USDS per day + - **Swapping USDS to USDC**: + - Max amount: 50 million USDC + - Slope: 50 million USDC per day + - **USDC CCTP (Cross-Chain Transfer Protocol) Transferring (All Routes)**: + - Max amount: 50 million USDS + - Slope: 25 million USDS per day + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - January 9, 2025.md b/governance/votes/Executive vote - January 9, 2025.md new file mode 100644 index 000000000..7439a3f37 --- /dev/null +++ b/governance/votes/Executive vote - January 9, 2025.md @@ -0,0 +1,300 @@ +--- +title: Template - [Executive Vote] WBTC Oracle Migration, ALLOCATOR-SPARK-A Maximum Debt Ceiling Increase, Integration Boost Funding, Bug Bounty Payments, Resilience Research Project Funding, Aligned Delegate Compensation, Atlas Core Development Funding, Spark Proxy Spell - January 9, 2025 +summary: Update the price source for the WBTC oracle, increase the ALLOCATOR-SPARK-A Maximum Debt Ceiling, distribute Integration Boost funding, distribute bug bounty payments, distribute Resilience Research Project funding, distribute Aligned Delegate compensation for November 2024, distribute Atlas Core Development funding, trigger a Spark Proxy spell. +date: 2025-01-09T00:00:00.000Z +address: "0x5985E06E47e0dd10230393e5dEF7200516262ed9" + +--- +# [Executive Proposal] WBTC Oracle Migration, ALLOCATOR-SPARK-A Maximum Debt Ceiling Increase, Integration Boost Funding, Bug Bounty Payments, Resilience Research Project Funding, Aligned Delegate Compensation, Atlas Core Development Funding, Spark Proxy Spell - January 9, 2025 + +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- The source of BTC/USD prices for the WBTC OSM will be updated to a new Scribe feed. +- The Maximum Debt Ceiling (`line`) for ALLOCATOR-SPARK-A will be increased. +- **3 million USDS** for Integration Boost funding will be distributed. +- A total of **1,100 USDS** for Bug Bounty payouts will be distributed. +- **32,000 USDS** of Resilience Research Project funding will be distributed. +- A total of **23,323 USDS** will be distributed to seven Aligned Delegates as compensation for November 2024. +- Atlas Core Development USDS and SKY payments totalling **126,438 USDS** and **988,000 SKY** will be distributed. +- A Spark Proxy Spell at [0x7fb2967cDC6816Dc508f35C5A6CB035C8B6507Ec](https://etherscan.io/address/0x7fb2967cDC6816Dc508f35C5A6CB035C8B6507Ec) will be triggered. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**30 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### WBTC Oracle Migration + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/technical-scope-of-the-wbtc-oracle-migration/25715/3) +- **Proposal**: [Forum post](https://forum.sky.money/t/technical-scope-of-the-wbtc-oracle-migration/25715) + +If this executive proposal passes, then the source of BTC/USD pricing for the WBTC [Oracle Safety Module (OSM)](https://docs.makerdao.com/smart-contract-modules/oracle-module/oracle-security-module-osm-detailed-documentation) will be updated to [0x24C392CDbF32Cf911B258981a66d5541d85269ce](https://etherscan.io/address/0x24C392CDbF32Cf911B258981a66d5541d85269ce). This will update the price source to the new Chronicle [Scribe-based](https://github.com/chronicleprotocol/scribe) design as documented in [Atlas A.3.8.1.1.4](https://sky-atlas.powerhouse.io/A.3.8.1.1.4_Oracles/c317d8c1-5706-4632-90a3-442b5f3d9000|57eaf45219bea3b4). + +The relevant call for this action is: + +```solidity +OsmAbstract(PIP_WBTC).change(0x24C392CDbF32Cf911B258981a66d5541d85269ce); +``` + +### ALLOCATOR-SPARK-A [Maximum Debt Ceiling (`line`)](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.4.1_Maximum_Debt_Ceiling_(line)/6f1a913d-9436-4b70-816b-e317672737d6|57eaf45219bea3b430c268bb) Increase + +- **Authorization**: [Governance Poll 1179](https://vote.makerdao.com/polling/QmQ6bYou) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +If this executive proposal passes, then the following increase to the ALLOCATOR-SPARK-A will occur: + +- Increase the ALLOCATOR-SPARK-A [Maximum Debt Ceiling (`line`)](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.4.1_Maximum_Debt_Ceiling_(line)/6f1a913d-9436-4b70-816b-e317672737d6|57eaf45219bea3b430c268bb) by 900 million USDS from 100 million USDS to **1 billion USDS**. + +### Integration Boost Funding Distribution + +- **Authorization**: [Atlas A.5.2.1.2](https://sky-atlas.powerhouse.io/A.5.2.1.2_Integration_Boost/129f2ff0-8d73-8057-850b-d32304e9c91a|8d5a9e88cf49) +- **Proposal**: [Forum Post](http://forum.sky.money/t/utilization-of-the-integration-boost-budget-a-5-2-1-2/25536/3) + +If this executive proposal passes, then the following Integration Boost funding distribution will be made: + +- Transfer **3 million USDS** to [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7). + +### Bug Bounty Payments + +- **Authorization**: [Atlas A.2.9.1.1](https://sky-atlas.powerhouse.io/A.2.9.1.1_Bug_Bounty_Program_For_Critical_Infrastructure/7d58645d-713c-4c54-a2ee-e0c948fb0c25|9e1f4492c8ce) +- **Proposal**: [Forum Post](https://forum.sky.money/t/bounty-payout-request-for-immunefi-bug-37383/25728) + +If this executive proposal passes, then the following distributions for Immunefi bug #37383 will be made: + +- Transfer **1,000 USDS** to the whitehat at [0xB5BB14252099CAef65912ad2F1BBd9434cF24c38](https://etherscan.io/address/0xB5BB14252099CAef65912ad2F1BBd9434cF24c38). +- Transfer **100 USDS** to Immunefi at [0x7119f398b6C06095c6E8964C1f58e7C1BAa79E18 (immunefi.eth)](https://etherscan.io/address/0x7119f398b6C06095c6E8964C1f58e7C1BAa79E18). + +### Resilience Research Project Funding + +- **Authorization**: [Governance Poll 1167](https://vote.makerdao.com/polling/QmdKkyYb) +- **Proposal**: [Forum Post](https://forum.sky.money/t/resilience-research-project-application-legal-opinion-on-mica-compliance-for-cex-listings-of-usds-and-dai/25759) + +If this executive proposal passes, then the following Resilience Research Project funding distribution will be made: + +- Transfer **32,000 USDS** to [0x1378056c0cdd771de52A111E2777293516fA910c](https://etherscan.io/address/0x1378056c0cdd771de52A111E2777293516fA910c). + +### Aligned Delegate Compensation for November 2024 + +- **Authorization**: [Atlas A.1.5.8](https://sky-atlas.powerhouse.io/A.1.5.8_Budget_For_Prime_Delegate_Slots/e3e420fc-9b1f-4fdc-9983-fcebc45dd3aa%7C0db3af4ece0c) +- **Proposal**: [Forum Post](https://forum.sky.money/t/november-2024-aligned-delegate-compensation/25740) + +If this executive proposal passes, then a total of **23,323 USDS** will be distributed to seven Aligned Delegates and their teams as compensation for November 2024. + +| Delegate | Amount (USDS) | Address | +|-------------|--------------:|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 4,000 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Bonapublica | 4,000 | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) | +| Byteron | 533 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | +| Cloaky | 4,000 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | +| JuliaChang | 4,000 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| Rocky | 2,790 | [0xC31637BDA32a0811E39456A59022D2C386cb2C85](https://etherscan.io/address/0xC31637BDA32a0811E39456A59022D2C386cb2C85) | +| vigilant | 4,000 | [0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61](https://etherscan.io/address/0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61) | + +### Atlas Core Development Payments for December 2024 + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/atlas-core-development-payment-requests-december-2024/25741/6), [Atlas Axis Approval](http://forum.sky.money/t/atlas-core-development-payment-requests-december-2024/25741/5) +- **Proposal**: [Forum Post](https://forum.sky.money/t/atlas-core-development-payment-requests-december-2024/25741) + +If this executive proposal passes, then a total of **126,438 USDS** and **988,000** SKY will be distributed for Atlas Core Development funding. + +#### USDS Payments + +| Recipient | Amount (USDS) | Address | +|-----------|--------------:|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 83,602 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Kohla | 10,000 | [0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a](https://etherscan.io/address/0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a) | +| Ennoia | 10,000 | [0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b](https://etherscan.io/address/0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b) | +| Cloaky | 22,836 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | + +#### SKY Payments + +| Recipient | Amount (SKY) | Address | +|-----------|-------------:|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 550,000 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 438,000 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | + +### Spark Proxy Spell + +If this executive proposal passes, then a Spark Proxy Spell will be executed at [0x7fb2967cDC6816Dc508f35C5A6CB035C8B6507Ec](https://etherscan.io/address/0x7fb2967cDC6816Dc508f35C5A6CB035C8B6507Ec) with the following contents. + +#### [Mainnet] Adjust SparkLend Parameters for WBTC + +- **Authorization**: [Governance Poll 1168](https://vote.makerdao.com/polling/QmYScEHT) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +- Reduce the WBTC [liquidation threshold](https://sky-atlas.powerhouse.io/A.3.8.1.6.1.5_Liquidation_Threshold_Definition/9170a423-fba1-4fbe-83c4-f55f2510a9db|57eaf45219be608847d6) by 5 percentage points from 60% to **55%**. + +#### [Mainnet] Adjust SparkLend Parameters for cbBTC + +- **Authorization**: [Governance Poll 1168](https://vote.makerdao.com/polling/Qma1xA18) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +- Increase the cbBTC Supply Cap [Absolute Maximum Exposure (`max`)](https://sky-atlas.powerhouse.io/A.3.8.1.6.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition/a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806) parameter by 7,000 cbBTC from 3,000 cbBTC to **10,000 cbBTC**. + +#### [Mainnet] Adjust SparkLend Parameters for wstETH + +- **Authorization**: [Governance Poll 1170](https://vote.makerdao.com/polling/QmeEvuG2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +- Increase wstETH Borrow Cap [Target Available Exposure (`gap`)](https://sky-atlas.powerhouse.io/A.3.8.1.6.4.1.1_Cap_Automator_Target_Available_Exposure_Definition/78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806) by 5,000 wstETH from 5,000 wstETH to **10,000 wstETH**. +- Increase wstETH Borrow Cap [Absolute Maximum Exposure (`max`)](https://sky-atlas.powerhouse.io/A.3.8.1.6.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition/a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806) by 900,000 wstETH from 100,000 wstETH to **1 million wstETH**. +- Increase wstETH [Optimal Utilization](https://sky-atlas.powerhouse.io/A.3.8.1.6.1.11_Optimal_Utilization_Definition/7dd3b868-b5c1-4f16-b997-8fb35a971ab1|57eaf45219be608847d6) by 25 percentage points from 45% to **70%**. +- Reduce wstETH [Base Rate](https://sky-atlas.powerhouse.io/A.3.8.1.6.1.13_Base_Rate_Definition/3ea70be9-6d09-4e25-8025-a0235dd71c28|57eaf45219be608847d6) by 0.25 percentage points from 0.25% to **0%**. +- Reduce wstETH [Slope 1](https://sky-atlas.powerhouse.io/A.3.8.1.6.1.15_Slope_1_Definition/20c3c3c3-432e-48ac-8336-86b8345f920e|57eaf45219be608847d6) by 2.5 percentage points from 4.5% to **2%**. +- Increase wstETH [Slope 2](https://sky-atlas.powerhouse.io/A.3.8.1.6.1.16_Slope_2_Definition/e5bb5c04-c9f1-4f85-bd45-1d36269482fe|57eaf45219be608847d6) by 120 percentage points from 80% to **200%**. +- Increase wstETH [Reserve Factor](https://sky-atlas.powerhouse.io/A.3.8.1.6.1.8_Reserve_Factor_Definition/3f82c59f-c575-4975-8e1b-653136c3f1fd|57eaf45219be608847d6) by 15 percentage points from 15% to **30%**. + +#### [Mainnet] Adjust SparkLend Parameters for weETH + +- **Authorization**: [Governance Poll 1171](https://vote.makerdao.com/polling/QmVpv1G8) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +- **Remove** weETH from [Isolation Mode](https://sky-atlas.powerhouse.io/A.3.8.1.6.1.19_Isolated_Collateral_Enabled_Definition/2b4d2a01-fc3e-45a4-9d5e-2ef7d3677ff8|57eaf45219be608847d6). + +#### [Mainnet] Adjust Morpho Spark DAI Vault Supply Caps + +- **Authorization**: [Governance Poll 1172](https://vote.makerdao.com/polling/QmZ2Qmy5) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +- USDe 94.5%: reduce by 10 million DAI from 10 million DAI to **0 DAI**. +- USDe 91.5%: no change. +- USDe 86%: no change. +- USDe 77%: reduce by 1 billion DAI from 1 billion DAI to **0 DAI**. +- sUSDe 94.5%: reduce by 10 million DAI from 10 million DAI to **0 DAI**. +- sUSDe 91.5%: no change. +- sUSDe 86%: no change. +- sUSDe 77%: reduce by 1 billion DAI from 1 billion DAI to **0 DAI**. +- PT-sUSDe-24Oct2024 86%: reduce by 100 million DAI from 100 million DAI to **0 DAI**. +- PT-sUSDe-26Dec2024 91.5%: reduce by 250 million DAI from 250 million DAI to **0 DAI**. +- PT-sUSDe-27Mar2025 91.5%: increase by 100 million DAI from 400 million to **500 million DAI**. +- PT-USDe-27Mar2025 91.5%: no change. + +#### [Mainnet] Onboard PT-sUSDE-29MAY2025 to Morpho Spark DAI Vault + +- **Authorization**: [Governance Poll 1173](https://vote.makerdao.com/polling/QmSTYyW5) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +- Onboard PT-sUSDE-29MAY2025 to the Morpho Spark DAI Vault with the following parameters: + - Pool LLTV: **91.5%**. + - Oracle Discount Rate: **25%**. + - Supply Cap: **200 million DAI**. + +The id for the relevant Morpho market is [0x407d8c123443d362ffdfe73208068ef158a21d1a44a988c9acc23a51bade7905](https://app.morpho.org/market?id=0x407d8c123443d362ffdfe73208068ef158a21d1a44a988c9acc23a51bade7905&network=mainnet) + +#### [Mainnet] Update DAI, USDC, USDT IRMs to Anchor to SSR + +- **Authorization**: [Governance Poll 1174](https://vote.makerdao.com/polling/QmTFsGw8) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +- Update the DAI, USDC, and USDT [Interest Rate Models](https://sky-atlas.powerhouse.io/A.3.8.1.6.1.3_Interest_Rate_Model_Definition/83e3f4f2-5e8e-4383-95e5-3af1bfb19210|57eaf45219be608847d6) to anchor to the [**Sky Savings Rate (SSR)**](https://sky-atlas.powerhouse.io/A.3.2.2.3_Sky_Savings_Rate/73d91126-21c9-4e8a-bedf-8a51a432bb59|57eab733e951) instead of the [Dai Savings Rate (DSR)](https://sky-atlas.powerhouse.io/A.3.2.2.2_Dai_Savings_Rate/8e289e71-7ec5-4ce5-8d4d-41aab7a50f53|57eab733e951). +- Increase the spread between SSR and SparkLend effective DAI borrow rate by 0.25 percentage points from ~0% to **~0.25%**. + +#### [Mainnet] Onboard Ethena USDe and sUSDe Direct Exposure to the Spark Liquidity Layer + +- **Authorization**: [Governance Poll 1175](https://vote.makerdao.com/polling/QmYDGkjM) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +Onboard Ethena USDe and sUSDe direct exposure to the Spark Liquidity Layer on mainnet with the following parameters: + +##### Minting USDe + +- `max amount` (maximum amount that can be executed at once): **50 million USDe**. +- `slope` (recharging rate of capacity): **50 million USDe per day**. + +##### Burning USDe + +- `max amount`: **100 million USDe**. +- `slope`: **100 million USDe per day**. + +##### Depositing to sUSDe + +- `max amount`: **100 million USDe**. +- `slope`: **100 million USDe per day**. + +##### Withdrawing from sUSDe + +- `max amount`: **500 million USDe**. +- `slope`: **250 million USDe per day**. + +#### [Mainnet] Onboard Aave V3 Main Market USDC and USDS to the Spark Liquidity Layer + +- **Authorization**: [Governance Poll 1176](https://vote.makerdao.com/polling/QmZfSDMH) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +Onboard Aave V3 Main Market USDC and USDS to the Spark Liquidity Layer on mainnet with the following parameters: + +- `max amount` (maximum amount that can be executed at once) for + deposits: **50 million tokens** for each asset. +- `slope` (recharging rate of capacity): **25 million tokens per day** for each asset. +- `max amount` for withdrawals: **unlimited**. + +The relevant token addresses are: + +- USDS AToken: [0x32a6268f9Ba3642Dda7892aDd74f1D34469A4259](https://etherscan.io/address/0x32a6268f9Ba3642Dda7892aDd74f1D34469A4259). +- USDC AToken: [0x98C23E9d8f34FEFb1B7BD6a91B7FF122F4e16F5c](https://etherscan.io/address/0x98C23E9d8f34FEFb1B7BD6a91B7FF122F4e16F5c). + +#### [Mainnet] Increase USDS Liquidity to Base + +- **Authorization**: [Governance Poll 1179](https://vote.makerdao.com/polling/QmQ6bYou) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +- Premint **99 million USDS** into the [Base ALM Proxy](https://basescan.org/address/0x2917956eFF0B5eaF030abDB4EF4296DF775009cA). + +#### [Base] Onboard Aave V3 Base Market USDC to the Spark Liquidity Layer + +- **Authorization**: [Governance Poll 1177](https://vote.makerdao.com/polling/QmeZTfHR) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +Onboard Aave V3 Base Market USDC to the Spark Liquidity Layer on Base with the following parameters: + +- `max amount` (maximum amount that can be executed at once) for deposits: **50 million USDC**. +- `slope` (recharging rate of capacity): **25 million USDC per day**. +- `max amount` for withdrawals: **unlimited**. + +The relevant token address is [0x4e65fE4DbA92790696d040ac24Aa414708F5c0AB](https://basescan.org/address/0x4e65fE4DbA92790696d040ac24Aa414708F5c0AB). + +#### [Base] Onboard Morpho USDC Vault to the Spark Liquidity Layer + +- **Authorization**: [Governance Poll 1178](https://vote.makerdao.com/polling/QmQarR2U) +- **Proposal**: [Forum Post](https://forum.sky.money/t/27-dec-2024-proposed-changes-to-spark-for-upcoming-spell/25760) + +Onboarding the Morpho USDC Vault to the Spark Liquidity Layer on Base with the following parameters: + +* `max amount` (maximum amount that can be executed at once) for deposits: **50 million USDC**. +* `slope` (recharging rate of capacity): **25 million USDC per day**. +* `max amount` for withdrawals: **unlimited**. + +The relevant vault address is [0x305E03Ed9ADaAB22F4A58c24515D79f2B1E2FD5D](https://basescan.org/address/0x305E03Ed9ADaAB22F4A58c24515D79f2B1E2FD5D). + +The following changes will be made to the vault: + +- Add the USDC idle market with unlimited `(type(uint184).max)` supply cap. +- Add the RELAYER multisig as an allocator. +- Increase the supply cap on cbBTC/USDC market ([0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836](https://app.morpho.org/market?id=0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836&network=base)) to **100 million USDC**. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.sky.money/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - July 11, 2024.md b/governance/votes/Executive vote - July 11, 2024.md new file mode 100644 index 000000000..c8c249ce5 --- /dev/null +++ b/governance/votes/Executive vote - July 11, 2024.md @@ -0,0 +1,125 @@ +--- +title: Template - [Executive Vote] Aave-SparkLend Revenue Share, Update Keeper Network Address, Stability Scope Parameter Changes, June 2024 AD Compensation, Spark Proxy Spell - July 11, 2024 +summary: Transfer Dai to Aave as part of the SparkLend revenue sharing agreement, update the Chainlink Keeper Network Treasury Address, make Stability Fee and DSR changes as per the Stability Scope, and trigger a Spark Proxy Spell. +date: 2024-07-11T00:00:00.000Z +address: "0x452a39C34f9539E0d50C9e33Ad423a15C6f45df4" + +--- +# [Executive Proposal] Aave-SparkLend Revenue Share, Update Keeper Network Address, Stability Scope Parameter Changes, June 2024 AD Compensation, Spark Proxy Spell - July 11, 2024 + +The Governance Facilitators and Dewiz, Sidestream, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Maker Protocol: + +- **219,125 DAI** will be transferred to Aave as part of the Aave-SparkLend Revenue Sharing Agreement. +- The Chainlink Keeper Network Treasury Address will be updated. +- Multiple Stability Fees and the DSR will be updated. +- **209.17 MKR** will be distributed to qualified Aligned Delegates. +- A Spark Proxy Spell will be triggered at [0x91824fa4fd51E8440a122ffDd49C701F5C56D58e](https://etherscan.io/address/0x91824fa4fd51E8440a122ffDd49C701F5C56D58e). + +**Voting for this executive proposal will place your MKR in support of the actions outlined above.** + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **30 hours**. + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### Aave-SparkLend Revenue Share Payment + +- **Authorization**: [Support Scope 9.4.1](https://mips.makerdao.com/mips/details/MIP106#9-4-1-spark-protocol-aave-revenue-share) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/spark-aave-revenue-share-calculation-payment-4-q2-2024/24572) + +If this executive proposal passes, a payment of **219,125 DAI** will be made to a smart contract controlled by Aave Governance at [0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c](https://etherscan.io/address/0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c) as part of the Aave-SparkLend Revenue Share. + +### Update Chainlink Keeper Network Treasury Address + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/amend-keeper-network-chainlink-automation-v2-1/24593/3) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/amend-keeper-network-chainlink-automation-v2-1/24593) + +If this executive proposal passes, the Chainlink Keeper Network Treasury Address will be updated to [0xBE1cE564574377Acb17C2b7628E4F6dd38067a55](https://etherscan.io/address/0xBE1cE564574377Acb17C2b7628E4F6dd38067a55). This is a requirement to facilitate the upgrade of Chainlink Automation for MakerDAO from v2.0 to v2.1. + +The required contract call is: + +`keeperRegistry20.migrateUpkeeps([54617870736745152906494510799239970615562458165653206109311709851388548258865], keeperRegistry21);` + +### Stability Scope Parameter Updates + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/stability-scope-parameter-changes-14/24594/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-14/24594) + +If this executive proposal passes, the following parameter changes will be made: + +#### [Stability Fee](https://mips.makerdao.com/mips/details/MIP104#14-3-1-3-stability-fee-sf-) Reductions + +- ETH-A: Decrease by 1 percentage point, from 8.25% to **7.25%**. +- ETH-B: Decrease by 1 percentage point, from 8.75% to **7.75%**. +- ETH-C: Decrease by 1 percentage point, from 8% to **7%**. +- WSTETH-A: Decrease by 1 percentage point, from 9.25% to **8.25%**. +- WSTETH-B: Decrease by 1 percentage point, from 9% to **8%**. +- WBTC-A: Decrease by 1 percentage point, from 9.75% to **8.75%**. +- WBTC-B: Decrease by 1 percentage point, from 10.25% to **9.25%**. +- WBTC-C: Decrease by 1 percentage point, from 9.5% to **8.5%**. + +#### [Dai Savings Rate (DSR)](https://mips.makerdao.com/mips/details/MIP104#3-2-the-dai-savings-rate) Reduction + +The DSR will decrease by 1 percentage point, from 8% to **7%**. + +### Aligned Delegate Compensation for June 2024 + +**Authorization**: [Atlas 2.6 Aligned Delegates](https://mips.makerdao.com/mips/details/MIP101#2-6-aligned-delegates-ads-gov6) +**Proposal**: [Forum post](https://forum.makerdao.com/t/june-2024-aligned-delegate-compensation/24617) + +If this executive proposal passes a total of **209.17 MKR** will be distributed for Aligned Delegate Compensation as detailed below. + +| Delegate | Amount (MKR) | Address | +|-------------|--------------|-------------------------------------------------------------------------------------------------| +| BLUE | 41.67 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| JuliaChang | 41.67 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| Byteron | 38.98 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | +| Cloaky | 20.40 (requested) | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | +| PBG | 16.58 |[0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2](https://etherscan.io/address/0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2) | +| BONAPUBLICA | 13.89 | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) +| Rocky | 13.89 |[0xC31637BDA32a0811E39456A59022D2C386cb2C85](https://etherscan.io/address/0xc31637bda32a0811e39456a59022d2c386cb2c85) | +| vigilant | 12.55 | [0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61](https://etherscan.io/address/0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61) | +| Ennoia (Cloaky) | 4.10 (requested) | [0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b](https://etherscan.io/address/0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b) | +| Kohla (Cloaky) | 4.10 (requested) | [0xA9D43465B43ab95050140668c87A2106C73CA811](https://etherscan.io/address/0xA9D43465B43ab95050140668c87A2106C73CA811) | +| WBC | 1.34 |[0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47](https://etherscan.io/address/0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47) | + +### Spark Proxy Spell + +**Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/stability-scope-parameter-changes-14/24594/2), [Governance Poll 1120](https://vote.makerdao.com/polling/QmTBsxR5) +**Proposal**: [Stability Scope Parameter Proposal](https://forum.makerdao.com/t/stability-scope-parameter-changes-14/24594), [[Jun 27, 2024] Proposed Changes to Spark for Upcoming Spell](https://forum.makerdao.com/t/jun-27-2024-proposed-changes-to-spark-for-upcoming-spell/24552) + +If this executive proposal passes a Spark Proxy spell will be triggered at [0x91824fa4fd51E8440a122ffDd49C701F5C56D58e](https://etherscan.io/address/0x91824fa4fd51E8440a122ffDd49C701F5C56D58e). The expected inclusions are as follows: + +#### [Mainnet] Spark Effective DAI Borrow Rate Reduction + +- Reduce the Spark Effective DAI Borrow Rate by 1 percentage point, from 9% to **8%**. + +#### [Mainnet] Increase Capacity of weETH + +- Increase the weETH Supply Cap Max by 150,000 weETH, from 50,000 weETH to **200,000 weETH** +- Increase the weETH [Isolation Mode](https://docs.spark.fi/defi-infrastructure/sparklend/spark-lend-features) Debt Ceiling by 150 million DAI, from 50 million DAI to **200 million DAI** + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - July 25, 2024.md b/governance/votes/Executive vote - July 25, 2024.md new file mode 100644 index 000000000..17ae41c1a --- /dev/null +++ b/governance/votes/Executive vote - July 25, 2024.md @@ -0,0 +1,175 @@ +--- +title: Template - [Executive Vote] LITE-PSM-USDC-A Phase 1 Setup, Spark Proxy Spell - July 25, 2024 +summary: Onboard the Lightweight Peg Stability Module for Phase 1, update PSM-USDC-A DC-IAM parameters, set LITE-PSM-USDC-A DC-IAM, activate LITE_PSM_MOM GSM delay exception, perform the initial USDC migration to the LitePSM, update the GSM pause delay, update the ESM minimum threshold, authorize ESM on the LitePSM input conduit, add a LitePSM keeper network job, add LitePSM facility addresses to the Chainlog, and trigger the Spark Proxy Spell. +date: 2024-07-25T00:00:00.000Z +address: "0x8c7F12C7cE07916f631B25ce148e419FeFf19d46" + +--- +# [Executive Proposal] LITE-PSM-USDC-A Phase 1 Setup, Spark Proxy Spell - July 25, 2024 + +The Governance Facilitators, Dewiz, Sidestream, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Maker Protocol: + +- LITE-PSM-USDC-A Phase 1 actions: + - The LitePSM Facility will be onboarded. + - PSM-USDC-A [Debt Ceiling Instant Access Module (DC-IAM)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-debt-ceiling-instant-access-module-dc-iam-) parameters will be updated. + - LITE-PSM-USDC-A DC-IAM parameters will be set up. + - The LITE_PSM_MOM GSM Delay Exception will be activated. + - **20 million USDC** will be migrated from PSM-USDC-A to LITE-PSM-USDC-A. + - The [GSM Pause Delay](https://mips.makerdao.com/mips/details/MIP113#10-1-gsm-governance-security-module-pause-delay) will be decreased. + - The [Emergency Shutdown Module (ESM)](https://docs.makerdao.com/smart-contract-modules/shutdown/the-emergency-shutdown-process-for-multi-collateral-dai-mcd) [Minimum Threshold](https://manual.makerdao.com/module-index/module-emergency-shutdown#minimum-threshold-min) will be increased. + - The [Emergency Shutdown Module (ESM)](https://docs.makerdao.com/smart-contract-modules/shutdown/the-emergency-shutdown-process-for-multi-collateral-dai-mcd) will be authorized on the LitePSM input conduit. + - A LitePSM Keeper Network Job will be added. + - Six additions will be made to the [Chainlog](https://chainlog.makerdao.com). +- A Spark Proxy Spell will be triggered at [0x18427dB17D3113309a0406284aC738f4E649613B](https://etherscan.io/address/0x18427dB17D3113309a0406284aC738f4E649613B). + +**Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.** + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **30 hours**. + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### LITE-PSM-USDC-A Phase 1 Actions + +The actions described below are part of the [first phase](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/1) in the migration process [from PSM-USDC-A to LITE-PSM-USDC-A](https://forum.makerdao.com/t/litepsm-lite-psm-usdc-a-introduction-and-overview/24512). A technical overview for the latter can be found [here](https://forum.makerdao.com/t/technical-overview-lightweight-peg-stability-module-dss-lite-psm/24730). + +#### LitePSM Facility Onboarding + +- **Authorization:** [Poll 1124](https://vote.makerdao.com/polling/QmdcHXHy), [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644) + +If this executive proposal passes, the following actions will be taken to onboard the LitePSM facility: + +- Onboard `MCD_LITE_PSM_USDC_A` at [0xf6e72Db5454dd049d0788e411b06CfAF16853042](https://etherscan.io/address/0xf6e72Db5454dd049d0788e411b06CfAF16853042). +- Onboard `MCD_LITE_PSM_USDC_A_POCKET` at [0x37305B1cD40574E4C5Ce33f8e8306Be057fD7341](https://etherscan.io/address/0x37305B1cD40574E4C5Ce33f8e8306Be057fD7341). +- Set LitePSM [Fixed-sized Amount of Pre-minted Dai (`buf`)](https://forum.makerdao.com/t/litepsm-lite-psm-usdc-a-introduction-and-overview/24512#lite-psm-usdc-a-parameters-overview-8) to **20 million DAI**. + +#### PSM-USDC-A DC-IAM Parameters Update + +- **Authorization:** [Poll 1124](https://vote.makerdao.com/polling/QmdcHXHy), [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644) + +If this executive proposal passes, then the `PSM-USDC-A` DC-IAM parameter below will be updated as follows: + +- The [Target Available Debt (`gap`)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-2-target-available-debt-gap-) will be decreased by 20 million from 400 million to **380 million DAI**. + +The Maximum Debt Ceiling (`line`) and the Ceiling Increase Cooldown (`ttl`) parameters remain unchanged. + +#### LITE-PSM-USDC-A DC-IAM Setup + +- **Authorization:** [Poll 1124](https://vote.makerdao.com/polling/QmdcHXHy), [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644) + +If this executive proposal passes, then the LITE-PSM-USDC-A DC-IAM will be set up as follows: + +- [Maximum Debt Ceiling (`line`)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-1-maximum-debt-ceiling-line-): **50 million DAI** +- [Target Available Debt (`gap`)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-2-target-available-debt-gap-): **20 million DAI** +- [Ceiling Increase Cooldown (`ttl`)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-3-ceiling-increase-cooldown-ttl-): **12 hours** + +#### LITE_PSM_MOM GSM Delay Exception Activation + +- **Authorization:** [Poll 1124](https://vote.makerdao.com/polling/QmdcHXHy), [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644) + +If this executive proposal passes, then the LITE_PSM_MOM GSM Delay Exception will be activated at [0x467b32b0407Ad764f56304420Cddaa563bDab425](https://etherscan.io/address/0x467b32b0407Ad764f56304420Cddaa563bDab425). + +#### USDC Migration from PSM-USDC-A to LITE-PSM-USDC-A + +- **Authorization:** [Poll 1124](https://vote.makerdao.com/polling/QmdcHXHy), [Ecosystem Approval 1](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/2), [Ecosystem Approval 2](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/4) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644) + +If this executive proposal passes, then the following action will take place: + +- An initial **20 million USDC** will be migrated from `PSM-USDC-A` to `LITE-PSM-USDC-A`. + +At least 200 million USDC reserves should be left in reserve in PSM-USDC-A. In this case, the LitePSM will still be initialized, but the USDC reserves will not be migrated due to this requirement. The USDC reserves migration will then be executed in one of the following spells. + +#### GSM Pause Delay Update + +- **Authorization:** [Poll 1124](https://vote.makerdao.com/polling/QmdcHXHy), [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/2), [Governance Facilitator Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/8) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644) + +If this executive proposal passes, then the [GSM Pause Delay](https://mips.makerdao.com/mips/details/MIP113#10-1-gsm-governance-security-module-pause-delay) will be updated as follows: + +- The GSM Pause Delay will be decreased by 14 hours from 30 hours to **16 hours**. + +#### ESM Minimum Threshold Update + +- **Authorization:** [Poll 1124](https://vote.makerdao.com/polling/QmdcHXHy), [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644) + +If this executive proposal passes, then the [ESM Minimum Threshold](https://manual.makerdao.com/module-index/module-emergency-shutdown#minimum-threshold-min) will be updated as follows: + +- The ESM Minimum Threshold will be increased by 150,000 MKR from 150,000 MKR to **300,000 MKR**. + +#### ESM Authorization + +- **Authorization:** [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/11) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/9) + +If this executive proposal passes, then the following action will be taken: + +- Authorize the [Emergency Shutdown Module (ESM)](https://docs.makerdao.com/smart-contract-modules/shutdown/the-emergency-shutdown-process-for-multi-collateral-dai-mcd) on `MCD_LITE_PSM_USDC_A_IN_CDT_JAR` + +This action addresses some attack vectors that could have been exploited during an Emergency Shutdown. The identification of these vulnerabilities has led to compensations through the bug bounty program in the past. + +#### LitePSM Keeper Network Job Addition + +- **Authorization:** [Poll 1124](https://vote.makerdao.com/polling/QmdcHXHy), [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/2) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644) + +If this executive proposal passes, then a keeper network job for calling permissionless LitePSM functions will be activated at [0x689cE517a4DfCf0C5eC466F2757D324fc292C8Be](https://etherscan.io/address/0x689cE517a4DfCf0C5eC466F2757D324fc292C8Be) with the following parameters: + +- [Threshold at which additional DAI will be minted (`fill`)](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644#keeper-network-threshold-parameters-4): **15 million DAI**. +- [Threshold at which DAI will be burned (`trim`)](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644#keeper-network-threshold-parameters-4): **30 million DAI**. +- [Threshold at which accumulated fees are transferred to the Surplus Buffer (`chug`)](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644#keeper-network-threshold-parameters-4): **300,000 DAI**. + +#### Chainlog Additions + +- **Authorization:** [Ecosystem Approval](http://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644/7) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644) + +If this executive proposal passes, then the following additions will be made to the [Chainlog](https://chainlog.makerdao.com): + +- Add [0xf6e72Db5454dd049d0788e411b06CfAF16853042](https://etherscan.io/address/0xf6e72db5454dd049d0788e411b06cfaf16853042) as `MCD_LITE_PSM_USDC_A`. +- Add [0x37305B1cD40574E4C5Ce33f8e8306Be057fD7341](https://etherscan.io/address/0x37305B1cD40574E4C5Ce33f8e8306Be057fD7341) as `MCD_LITE_PSM_USDC_A_POCKET`. +- Add [0x69cA348Bd928A158ADe7aa193C133f315803b06e](https://etherscan.io/address/0x69cA348Bd928A158ADe7aa193C133f315803b06e) as `MCD_LITE_PSM_USDC_A_JAR`. +- Add [0x5eeB3D8D60B06a44f6124a84EeE7ec0bB747BE6d](https://etherscan.io/address/0x5eeB3D8D60B06a44f6124a84EeE7ec0bB747BE6d) as `MCD_LITE_PSM_USDC_A_IN_CDT_JAR`. +- Add [0x467b32b0407Ad764f56304420Cddaa563bDab425](https://etherscan.io/address/0x467b32b0407Ad764f56304420Cddaa563bDab425) as `LITE_PSM_MOM`. +- Add [0x689cE517a4DfCf0C5eC466F2757D324fc292C8Be](https://etherscan.io/address/0x689cE517a4DfCf0C5eC466F2757D324fc292C8Be) as `CRON_LITE_PSM_JOB`. + +--- + +### Spark Proxy Spell + +- **Authorization:** [Poll 1125](https://vote.makerdao.com/polling/QmWCBwtq), Ecosystem Approvals [1](http://forum.makerdao.com/t/jul-12-2024-proposed-changes-to-spark-for-upcoming-spell/24635/3), [2](http://forum.makerdao.com/t/jul-12-2024-proposed-changes-to-spark-for-upcoming-spell/24635/17) +- **Proposal**: Forum posts [1](https://forum.makerdao.com/t/jul-12-2024-proposed-changes-to-spark-for-upcoming-spell/24635), [2](http://forum.makerdao.com/t/jul-12-2024-proposed-changes-to-spark-for-upcoming-spell/24635/14) + +If this executive proposal passes, a Spark Proxy Spell will be triggered at [0x18427dB17D3113309a0406284aC738f4E649613B](https://etherscan.io/address/0x18427dB17D3113309a0406284aC738f4E649613B). This proxy spell will take the following action: + +- [Mainnet] Activate a Morpho market for Pendle PT sUSDe with Oct 24, 2024 maturity and an LLTV of 86%. + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - July 4, 2024.md b/governance/votes/Executive vote - July 4, 2024.md new file mode 100644 index 000000000..fbe326b59 --- /dev/null +++ b/governance/votes/Executive vote - July 4, 2024.md @@ -0,0 +1,51 @@ +--- +title: Template - [Executive Vote] Out-of-Schedule Executive Vote - Approve LitePSM (LITE-PSM-USDC-A) DAO Resolution - July 04, 2024 +summary: Approve DAO Resolution authorizing the actions needed for the setup of Coinbase Prime Web3 Wallet (W3W) and migration from PSM-USDC-A to the new Lightweight Peg Stability Module (LITE-PSM-USDC-A). +date: 2024-07-04T00:00:00.000Z +address: "0x0c0B4DA7e02960F98c2AFf2778F6f3E37321B5Dd" + +--- +# [Executive Proposal] Out-of-Schedule Executive Vote - Approve LitePSM (LITE-PSM-USDC-A) DAO Resolution - July 04, 2024 + +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Maker Protocol: + +- A LitePSM (LITE-PSM-USDC-A) DAO Resolution will be approved. + +Voting for this executive proposal will place your MKR in support of the changes outlined above. + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **30 hours**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### Approve LitePSM (LITE-PSM-USDC-A) DAO Resolution + +- **Authorization:** [Forum post](http://forum.makerdao.com/t/coinbase-web3-wallet-legal-overview/24577/2) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/coinbase-web3-wallet-legal-overview/24577) + +If this executive proposal passes, the following DAO Resolution authorizing the actions needed for the setup of Coinbase Prime Web3 Wallet (W3W) and migration from `PSM-USDC-A` to the new [Lightweight Peg Stability Module (LITE-PSM-USDC-A)](https://forum.makerdao.com/t/litepsm-lite-psm-usdc-a-introduction-and-overview/24512) will be approved: + +- Approve LitePSM (LITE-PSM-USDC-A) Dao Resolution with IPFS hash [QmX2CnZcsZJtgJUdkpwsAd1bXEaFuxFUaXkqgDkZa79idA](https://ipfs.io/ipfs/QmX2CnZcsZJtgJUdkpwsAd1bXEaFuxFUaXkqgDkZa79idA). + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - June 13, 2024.md b/governance/votes/Executive vote - June 13, 2024.md new file mode 100644 index 000000000..9efe23438 --- /dev/null +++ b/governance/votes/Executive vote - June 13, 2024.md @@ -0,0 +1,169 @@ +--- +title: Template - [Executive Vote] Disable Starknet Dai Bridge, Aligned Delegate Compensation for May 2024, AVC Member Participation Rewards for Q2 2024, Launch Project Funding, Spark Proxy Spell, USDP Jar Housekeeping - June 13, 2024 +summary: Disable the Starknet Dai Bridge, distribute Aligned Delegate compensation for May 2024, distribute AVC Member compensation for Q2 2024, transfer funding to the Launch Project, trigger a Spark Proxy spell, and perform housekeeping actions on the USDP Jar. +date: 2024-06-13T00:00:00.000Z +address: "0x622Ad624491a01a2a6beAD916C3Ca3B90BcA0854" +--- + +# [Executive Proposal] Disable Starknet Dai Bridge, Aligned Delegate Compensation for May 2024, AVC Member Participation Rewards for Q2 2024, Launch Project Funding, Spark Proxy Spell, USDP Jar Housekeeping - June 13, 2024 + +The Governance Facilitators, Sidestream, Dewiz, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **changes** will occur within the Maker Protocol: +- The Starknet Dai Bridge will be disabled. +- Aligned Delegate compensation for May 2024 totaling **210.81 MKR** will be distributed. +- Aligned Voter Committee Member participation rewards for Q2 2024 totalling **100.08 MKR** will be distributed. +- **5,000,000 DAI** and **450 MKR** will be transferred to the Launch Project. +- A Spark proxy spell will be triggered at [0x258FD2E6b5C155aa5f3e84326A622288bd70f376](https://etherscan.io/address/0x258FD2E6b5C155aa5f3e84326A622288bd70f376). +- A series of housekeeping actions to push USDP out of the input conduit will be carried out, as detailed below. + +**Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.** + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **30 hours**. + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + + +--- + +## Proposal Details + +### Disable Starknet Dai Bridge + +- **Authorization:** [Forum Post](https://forum.makerdao.com/t/starknet-dai-handover/22033/13) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/starknet-dai-handover/22033/12) + +As part of the transition from the old Starknet Dai Bridge to a new version maintained by Starkgate, deposits on the old bridge will be disabled, if this executive proposal passes. Withdrawals will still be possible. To do this the following action needs to occur: + +* Call `close` on the [STARKNET_DAI_BRIDGE](https://etherscan.io/address/0x9F96fE0633eE838D0298E8b8980E6716bE81388d). + +For more information please review the [forum thread](https://forum.makerdao.com/t/starknet-dai-handover/22033) and [latest update](https://forum.makerdao.com/t/starknet-dai-handover/22033/12). + +### May 2024 Aligned Delegate Compensation + +- **Authorization:** [Atlas Section 2.6.3](https://mips.makerdao.com/mips/details/MIP101#2-6-3-aligned-delegate-income-and-participation-requirements) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/may-2024-aligned-delegate-compensation/24441) + +If this executive proposal passes, the following transfers totaling **210.81 MKR** for Aligned Delegate compensation will be made to qualifying Aligned Delegates. + +| Delegate | Amount (MKR) | Address | +|-------------|--------------|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 41.67 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 41.67 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | +| JuliaChang | 41.67 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| Pipkin | 34.26 | [0x0E661eFE390aE39f90a58b04CF891044e56DEDB7](https://etherscan.io/address/0x0E661eFE390aE39f90a58b04CF891044e56DEDB7) | +| Byteron | 12.50 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | +| BONAPUBLICA | 11.11 | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) | +| WBC | 11.11 | [0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47](https://etherscan.io/address/0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47) | +| PBG | 8.49 | [0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2](https://etherscan.io/address/0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2) | +| Rocky | 3.70 | [0xC31637BDA32a0811E39456A59022D2C386cb2C85](https://etherscan.io/address/0xc31637bda32a0811e39456a59022d2c386cb2c85) | +| vigilant | 2.78 | [0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61](https://etherscan.io/address/0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61) | +| UPMaker | 1.85 | [0xbB819DF169670DC71A16F58F55956FE642cc6BcD](https://etherscan.io/address/0xbB819DF169670DC71A16F58F55956FE642cc6BcD) | + +### Q2 2024 AVC Member Participation Rewards + +- **Authorization:** [Atlas 2.5.10 prior to its removal by MIP102c2-SP34](https://github.com/makerdao/mips/pull/1100/files#diff-bad206bdb2371d68c4940c519b4cf8817b59781422c6d7c0d8da48ab24decb33L535-L565) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/avc-member-participation-rewards-q2-2024/24442) + +If this executive proposal passes, the following distributions totaling **100.08 MKR** will be made for Q2 2024 AVC member compensation. This has been pro-rated to two months following the most recent amendments to The Atlas that removed the AVC Member role. + +| AVC Member Name | Address | AVC | Amount (MKR) | +|-----------------|-----------------------------------------------------------------------------------------------------------------------|--------------------|--------------| +| IamMeeoh | [0x47f7A5d8D27f259582097E1eE59a07a816982AE9](https://etherscan.io/address/0x47f7A5d8D27f259582097E1eE59a07a816982AE9) | KISS | 12.51 | +| DAI-Vinci | [0x9ee47F0f82F1A6F45C4E1D25Ce95C321D8C8356a](https://etherscan.io/address/0x9ee47F0f82F1A6F45C4E1D25Ce95C321D8C8356a) | KISS | 12.51 | +| opensky | [0xf44f97f4113759E0a57756bE49C0655d490Cf19F](https://etherscan.io/address/0xf44f97f4113759E0a57756bE49C0655d490Cf19F) | KISS | 12.51 | +| Res | [0x8c5c8d76372954922400e4654AF7694e158AB784](https://etherscan.io/address/0x8c5c8d76372954922400e4654AF7694e158AB784) | Resiliency | 12.51 | +| Harmony | [0xE20A2e231215e9b7Aa308463F1A7490b2ECE55D3](https://etherscan.io/address/0xE20A2e231215e9b7Aa308463F1A7490b2ECE55D3) | Resiliency | 12.51 | +| Libertas | [0xE1eBfFa01883EF2b4A9f59b587fFf1a5B44dbb2f](https://etherscan.io/address/0xE1eBfFa01883EF2b4A9f59b587fFf1a5B44dbb2f) | Resiliency | 12.51 | +| seedlatam.eth | [0xd43b89621fFd48A8A51704f85fd0C87CbC0EB299](https://etherscan.io/address/0xd43b89621fFd48A8A51704f85fd0C87CbC0EB299) | Sovereign Finance | 12.51 | +| 0xRoot | [0xC74392777443a11Dc26Ce8A3D934370514F38A91](https://etherscan.io/address/0xC74392777443a11Dc26Ce8A3D934370514F38A91) | Sovereign Finance | 12.51 | + +### Launch Project Funding + +- **Authorization:** [Accessibility Scope 9.1](https://mips.makerdao.com/mips/details/MIP108#9-1-launch-project-budget) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/17) + +If this executive proposal passes, the following transfers to the Launch Project will be made: + +- Transfer **5,000,000 DAI** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). +- Transfer **450 MKR** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). + +### Spark Proxy Spell + +- **Authorization:** [Governance Poll](https://vote.makerdao.com/polling/QmPmVeDx) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/may-31-2024-proposed-changes-to-sparklend-for-upcoming-spell/24413) + +If this executive proposal passes, a Spark proxy spell at [0x258FD2E6b5C155aa5f3e84326A622288bd70f376](https://etherscan.io/address/0x258FD2E6b5C155aa5f3e84326A622288bd70f376) will be triggered. The expected contents are as follows: + +#### Onboard Etherfi weETH to SparkLend on Mainnet + +weETH will be onboarded to SparkLend on mainnet with the following parameters: + +* Token: **weETH** +* Token Address: **[0xCd5fE23C85820F7B72D0926FC9b05b43E359b7ee](https://etherscan.io/address/0xcd5fe23c85820f7b72d0926fc9b05b43e359b7ee)** +* Oracle: weETH/eETH exchange rate (from contract) * eETH/ETH fixed at 1 ([implementation](https://github.com/marsfoundation/sparklend-advanced/blob/master/src/WEETHExchangeRateOracle.sol)) +* Optimal Utilization: **45%** +* Base: **5%** +* Slope1: **15%** +* Slope2: **300%** +* Borrow Enabled: **No** +* Stable Rate Borrowing: **No** +* Isolation Borrowable: **No** +* Siloed Borrowing: **No** +* Flash Loan Enabled: **No** +* Loan To Value: **72%** +* Liquidation Threshold: **73%** +* Liquidation Bonus: **10%** +* Reserve Factor: **15%** +* Supply Cap: **5,000 weETH** +* Supply Cap (`max`): **50,000 weETH** +* Supply Cap (`gap`): **5,000 weETH** +* Supply Cap (`ttl`): **12 hours** +* Borrow Cap: **0** +* Borrow Cap (`max`): N/A +* Borrow Cap (`gap`): N/A +* Borrow Cap (`ttl`): N/A +* [Isolation Mode](https://devs.spark.fi/sparklend/features/isolation-mode) Enabled: **Yes** +* Isolation Mode Debt Ceiling: **50 million USD** +* Liquidation Protocol Fee: **10%** +* Emode Category: N/A + +### USDP Jar Housekeeping + +- **Authorization:** [Forum Post](https://forum.makerdao.com/t/proposed-housekeeping-items-upcoming-executive-spell-2024-04-18/24084/4) +- **Proposal:** [Forum Post](https://forum.makerdao.com/t/proposed-housekeeping-items-upcoming-executive-spell-2024-04-18/24084/4) + +If this executive proposal passes, following the recommendation of the Governance Facilitators in collaboration with the spell team, the following operations will be performed: + +- Raise `PSM-PAX-A` Debt Ceiling to **2,000 DAI** +- Call push(uint256 amt) on `MCD_PSM_PAX_A_INPUT_CONDUIT_JAR` with an `amt` of **1,159 USDP** +- Call void() on `MCD_PSM_PAX_A_JAR` +- Set `PSM-PAX-A` Debt Ceiling to **0 DAI** + +This will have the following net results: + +- **Debt Ceiling** remains at **0 DAI** after the transaction has been executed. +- Dai generated from `PSM_PAX_A` increases by **1,159 DAI**. +- USDP balance of [MCD_JOIN_PSM_PAX_A](https://etherscan.io/address/0x7bbd8ca5e413bca521c2c80d8d1908616894cf21) increases by **1,159 USDP**. +- USDP balance of [PSM_PAX_A_INPUT_CONDUIT_JAR](https://etherscan.io/address/0xda276ab5f1505965e0b6cd1b6da2a18ccbb29515) decreases to **0 USDP**. +- Surplus Buffer increases by **1,159 DAI**. + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - March 20, 2025.md b/governance/votes/Executive vote - March 20, 2025.md new file mode 100644 index 000000000..4844cac25 --- /dev/null +++ b/governance/votes/Executive vote - March 20, 2025.md @@ -0,0 +1,400 @@ +--- +title: Template - [Executive Vote] ETH and wstETH Oracle Migration, Rate Changes, Smart Burn Engine Parameter Update, Bug Bounty Payout, Aligned Delegate Compensation, Atlas Core Development Payments, Integration Boost Top-up, Spark Proxy Spell - March 20, 2025 +summary: ETH and wstETH oracle migration to Chronicle's new Scribe-based design, multiple rate changes including DSR and SSR changes, Smart Burn Engine hop parameter update, bug bounty payout, Aligned Delegate compensation for February 2025, Atlas Core Development payments, Integration Boost funding distribution, Spark proxy spell. +date: 2025-03-20T00:00:00.000Z +address: "0x2A0851A1eaf13b4816fd11B11b2e0060611932F4" + +--- +# [Executive Proposal] ETH and wstETH Oracle Migration, Rate Changes, Smart Burn Engine Parameter Update, Bug Bounty Payout, Aligned Delegate Compensation, Atlas Core Development Payments, Integration Boost Top-up, Spark Proxy Spell - March 20, 2025 + +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- Sky's ETH and wstETH oracles will be migrated from the current Median-based design to Chronicle's new Scribe-based design. +- Multiple rate changes will be made as described below. +- The Smart Burn Engine `hop` parameter will be updated as described below. +- A total of **55,000 USDS** for a Bug Bounty payout will be distributed as described below. +- A total of **23,613 USDS** will be distributed to seven Aligned Delegates as compensation for February 2025. +- Atlas Core Development payments totalling **86,639 USDS** and **618,000 SKY** will be distributed. +- **3 million USDS** for Integration Boost funding will be transferred to [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7). +- A Spark proxy spell at [0x1e865856d8F97FB34FBb0EDbF63f53E29a676aB6](https://etherscan.io/address/0x1e865856d8F97FB34FBb0EDbF63f53E29a676aB6#code) will be triggered. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**18 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### ETH and wstETH Oracle Migration + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/march-20-2025-final-native-vault-engine-oracle-migration-proposal-eth-steth/26110/2), [Governance Poll 1207](https://vote.makerdao.com/polling/QmV4uuru) +- **Proposal**: Forum posts [1](http://forum.sky.money/t/march-20-2025-final-native-vault-engine-oracle-migration-proposal-eth-steth/26110/), [2](https://forum.sky.money/t/technical-scope-of-the-eth-and-wsteth-oracles-migration/26128) + +If this executive proposal passes, then the following oracle changes will be made as part of the migration process defined in [A.3.7.1.1.4, Oracles](https://sky-atlas.powerhouse.io/A.3.7.1.1.4_Oracles/c317d8c1-5706-4632-90a3-442b5f3d9000%7C57eaf45219bea3b4). + +#### ETH Oracle Migration + +The source of ETH/USD pricing for the ETH [Oracle Safety Module (OSM)](https://docs.makerdao.com/smart-contract-modules/oracle-module/oracle-security-module-osm-detailed-documentation) will be updated to [0x46ef0071b1E2fF6B42d36e5A177EA43Ae5917f4E](https://etherscan.io/address/0x46ef0071b1E2fF6B42d36e5A177EA43Ae5917f4E). + +The relevant call for this action is: + +`OsmAbstract(PIP_ETH).change(0x46ef0071b1E2fF6B42d36e5A177EA43Ae5917f4E);` + +#### wstETH Oracle Migration + +The source of wstETH/USD pricing for the wstETH [Oracle Safety Module (OSM)](https://docs.makerdao.com/smart-contract-modules/oracle-module/oracle-security-module-osm-detailed-documentation) will be updated to [0xA770582353b573CbfdCC948751750EeB3Ccf23CF](https://etherscan.io/address/0xA770582353b573CbfdCC948751750EeB3Ccf23CF). + +The relevant call for this action is: + +`OsmAbstract(PIP_WSTETH).change(0xA770582353b573CbfdCC948751750EeB3Ccf23CF);` + +### Rate Changes + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/mar-20-2025-stability-scope-parameter-changes-24/26129/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/mar-20-2025-stability-scope-parameter-changes-24/26129) + +If this executive proposal passes, then the following rate changes will take place. + +#### Stability Fee Changes + +- Reduce ETH-A [Stability Fee](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.3_Stability_Fee/67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) by 1.75 percentage points from 7.75% to **6.00%**. +- Reduce ETH-B Stability Fee by 1.75 percentage points from 8.25% to **6.50%**. +- Reduce ETH-C Stability Fee by 1.75 percentage points from 7.50% to **5.75%**. +- Reduce WSTETH-A Stability Fee by 1.75 percentage points from 8.75% to **7.00%**. +- Reduce WSTETH-B Stability Fee by 1.75 percentage points from 8.50% to **6.75%**. +- Reduce WBTC-A Stability Fee by 1.75 percentage points from 12.75% to **11.00%**. +- Reduce WBTC-B Stability Fee by 1.75 percentage points from 13.25% to **11.50%**. +- Reduce WBTC-C Stability Fee by 1.75 percentage points from 12.50% to **10.75%**. +- Reduce ALLOCATOR-SPARK-A Stability Fee by 1.12 percentage points from 3.74% to **2.62%**. + +#### Savings Rate Changes + +- Reduce the [DAI Savings Rate (DSR)](https://sky-atlas.powerhouse.io/A.3.2.2.2_Dai_Savings_Rate/8e289e71-7ec5-4ce5-8d4d-41aab7a50f53%7C57eab733e951) by 2.00 percentage points from 5.50% to **3.50%**. +- Reduce the [Sky Savings Rate (SSR)](https://sky-atlas.powerhouse.io/A.3.2.2.3_Sky_Savings_Rate/73d91126-21c9-4e8a-bedf-8a51a432bb59|57eab733e951) by 2.00 percentage points from 6.50% to **4.50%**. + +### Smart Burn Engine `hop` Parameter Update + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/smart-burn-engine-parameter-update-march-20-spell/26130/3), [Governance Poll 1208](https://vote.makerdao.com/polling/QmVrRf9L) +- **Proposal**: [Forum Post](https://forum.sky.money/t/smart-burn-engine-parameter-update-march-20-spell/26130) + +If this executive proposal passes, then the Smart Burn Engine [`hop` parameter](https://sky-atlas.powerhouse.io/A.3.6.2_Surplus_Buffer_Splitter_Parameters/122f2ff0-8d73-80f8-9a2a-d221794f73f5|57ea2c54) will be updated as follows: + +- Decrease the `hop` parameter by 432 seconds from 2,160 seconds to **1,728 seconds**. + +### Bug Bounty Payout + +- **Authorization**: [Atlas A.2.9.1.1](https://sky-atlas.powerhouse.io/A.2.9.1.1_Bug_Bounty_Program_For_Critical_Infrastructure/7d58645d-713c-4c54-a2ee-e0c948fb0c25|9e1f4492c8ce) +- **Proposal**: [Forum Post](https://forum.sky.money/t/bounty-payout-request-for-immunefi-bug-38567/26072) + +If this executive proposal passes, then the following distributions for Immunefi bug #38567 will be made: + +- Transfer **50,000 USDS** to the whitehat at [0x29d17B5AcB1C68C574712B11F36C859F6FbdBe32](https://etherscan.io/address/0x29d17B5AcB1C68C574712B11F36C859F6FbdBe32). +- Transfer **5,000 USDS** to Immunefi at [0x7119f398b6C06095c6E8964C1f58e7C1BAa79E18 (immunefi.eth)](https://etherscan.io/address/0x7119f398b6C06095c6E8964C1f58e7C1BAa79E18). + +### Aligned Delegate Compensation for February 2025 + +- **Authorization**: [Atlas A.1.5.6](https://sky-atlas.powerhouse.io/A.1.5.6_Budget_For_Prime_Delegate_Slots/e3e420fc-9b1f-4fdc-9983-fcebc45dd3aa|0db3af4ece0c) +- **Proposal**: [Forum Post](https://forum.sky.money/t/february-2025-aligned-delegate-compensation/26131) + +If this executive proposal passes, then a total of **23,613 USDS** will be distributed to seven Aligned Delegates and their teams as compensation for February 2025. + +| Delegate | Amount (USDS) | Address | +|-------------|--------------:|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 4,000 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Bonapublica | 4,000 | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) | +| Cloaky | 4,000 | [0x9244F47D70587Fa2329B89B6f503022b63Ad54A5](https://etherscan.io/address/0x9244F47D70587Fa2329B89B6f503022b63Ad54A5) | +| JuliaChang | 4,000 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| WBC | 3,613 | [0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47](https://etherscan.io/address/0xeBcE83e491947aDB1396Ee7E55d3c81414fB0D47) | +| PBG | 3,429 | [0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2](https://etherscan.io/address/0x8D4df847dB7FfE0B46AF084fE031F7691C6478c2) | +| Byteron | 571 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | + +### Atlas Core Development Payments + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/atlas-core-development-payment-requests-march-2025/26077/8), Atlas Axis Approvals [1](http://forum.sky.money/t/atlas-core-development-payment-requests-march-2025/26077/6), [2](http://forum.sky.money/t/atlas-core-development-payment-requests-march-2025/26077/7) +- **Proposal**: [Forum Post](https://forum.sky.money/t/atlas-core-development-payment-requests-march-2025/26077) + +If this executive proposal passes, then a total of **86,639 USDS** and **618,000 SKY** will be distributed for Atlas Core Development funding. + +#### USDS Payments + +| Recipient | Amount (USDS) | Address | +|-----------|--------------:|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 50,167 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 16,417 | [0x9244F47D70587Fa2329B89B6f503022b63Ad54A5](https://etherscan.io/address/0x9244F47D70587Fa2329B89B6f503022b63Ad54A5) | +| Ennoia | 10,055 | [0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b](https://etherscan.io/address/0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b) | +| Kohla | 10,000 | [0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a](https://etherscan.io/address/0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a) | + +#### SKY Payments + +| Recipient | Amount (SKY) | Address | +|-----------|-------------:|-----------------------------------------------------------------------------------------------------------------------| +| BLUE | 330,000 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Cloaky | 288,000 | [0x9244F47D70587Fa2329B89B6f503022b63Ad54A5](https://etherscan.io/address/0x9244F47D70587Fa2329B89B6f503022b63Ad54A5) | + +### Integration Boost Top-up + +- **Authorization**: [Atlas A.5.2.1.2](https://sky-atlas.powerhouse.io/A.5.2.1.2_Integration_Boost/129f2ff0-8d73-8057-850b-d32304e9c91a|8d5a9e88cf49) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-integration-boost-budget-a-5-2-1-2/25536/8) + +If this executive proposal passes, then the following Integration Boost funding distribution will be made: + +- Transfer **3 million USDS** to [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7). + +### Spark Proxy Spell + +If this executive proposal passes, then a Spark Proxy Spell will be executed at [0x1e865856d8F97FB34FBb0EDbF63f53E29a676aB6](https://etherscan.io/address/0x1e865856d8F97FB34FBb0EDbF63f53E29a676aB6) with the following contents. + +#### Increase the Spark Effective DAI and USDS Borrow Rate Spread + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/mar-20-2025-stability-scope-parameter-changes-24/26129/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/mar-20-2025-stability-scope-parameter-changes-24/26129) + +- Increase the spread between the SSR and the Spark Effective DAI and USDS borrow rate by ~0.25 percentage points, from ~0.25% to **~0.5%**. + +This change coupled with the SSR reduction in this spell will result in a net reduction to the Spark Effective Borrow Rate for USDS and DAI of ~1.75 percentage points, from ~6.75% to **~5%**. + +#### [Spark Liquidity Layer Base - Spark USDC Morpho] - Increase cbBTC Market Supply Cap + +- **Authorization**: [Governance Poll 1197](https://vote.makerdao.com/polling/QmQrGdQz) +- **Proposal**: [Forum Post](https://forum.sky.money/t/march-6-2025-proposed-changes-to-spark-for-upcoming-spell/26036) + +- Increase the Supply Cap of the cbBTC/USDC market ([0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836](https://app.morpho.org/base/market/0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836/cbbtc-usdc)) by 400 million USDC from 100 million USDC to **500 million USDC**. + +#### [SparkLend Ethereum] - Onboard LBTC + +- **Authorization**: [Governance Poll 1198](https://vote.makerdao.com/polling/QmfM4SBB) +- **Proposal**: [Forum Post](https://forum.sky.money/t/march-6-2025-proposed-changes-to-spark-for-upcoming-spell/26036) + +Onboarding of Lombard BTC (LBTC) onto SparkLend Ethereum with the following parameters: + +##### Collateral Parameters + +- Optimal Utilization: **45%** +- Base: **5%** +- Slope1: **15%** +- Slope2: **300%** +- Stable rate func (deprecated): **N/A** +- Enable Borrow: **NO** +- Stable Rate Borrowing: **NO** +- Isolation Borrowable: **NO** +- Siloed Borrowing: **NO** +- Flash Loan: **NO** +- Loan To Value: **65%** +- Liquidation Threshold: **70%** +- Liquidation Bonus: **8%** +- Reserve Factor: **15%** +- Supply Cap: **250 LBTC** +- Supply Cap Absolute Maximum Exposure (`max`): **2,500 LBTC** +- Supply Cap Target Available Exposure (`gap`): **250 LBTC** +- Supply Cap Automator Cooldown Period (`ttl`): **12 hours** +- Borrow Cap: **0** +- Borrow Cap Absolute Maximum Exposure (`max`): **N/A** +- Borrow Cap Target Available Exposure (`gap`): **N/A** +- Borrow Cap Automator Cooldown Period (`ttl`): **N/A** +- Isolation Mode: **NO** +- Isolation Mode Debt Ceiling: **N/A** +- Liquidation Protocol Fee: **10%** +- High Efficiency Mode (`Emode`) Category: **3** + +The definitions for these parameters can be found [in the Atlas under 3.9, Measures For Endgame Transition - SparkLend Risk Parameters](https://github.com/makerdao/next-gen-atlas/blob/7c760dc4d688220f2b954120597a69c1e108bd5a/Sky%20Atlas/Sky%20Atlas.html#L8524). + +##### Oracle Information + +- Oracle: BTCUSD Aggor +- Contract: [0x4219aA1A99f3fe90C2ACB97fCbc1204f6485B537](https://etherscan.io/address/0x4219aA1A99f3fe90C2ACB97fCbc1204f6485B537#code) + +##### BTC Correlated [Emode](https://docs.spark.fi/dev/sparklend/features/efficiency-mode-emode#efficiency-mode-emode-1) + +- [Emode Category](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.6_High_Efficiency_Mode_Category_Definition-09de838a-b46c-4cdb-9467-adacdbcf4c00|57eaf45219be608847d6): **3** +- [Loan to Value](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.4_LTV_Definition-e5d19de9-0eb7-4572-857c-e83d91d92c88|57eaf45219be608847d6): **85%** +- [Liquidation Threshold](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.5_Liquidation_Threshold_Definition-9170a423-fba1-4fbe-83c4-f55f2510a9db|57eaf45219be608847d6): **90%** +- [Liquidation Bonus](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.7_Liquidation_Bonus_Definition-c5e7dbac-42f7-4c53-9e89-fa699cd9d5b5|57eaf45219be608847d6): **2%** + +Initial included assets: + +- cbBTC +- LBTC + +#### [SparkLend Ethereum] - Onboard tBTC + +- **Authorization**: [Governance Poll 1199](https://vote.makerdao.com/polling/QmbDzZ3F) +- **Proposal**: [Forum Post](https://forum.sky.money/t/march-6-2025-proposed-changes-to-spark-for-upcoming-spell/26036) + +Onboarding of Threshold BTC (tBTC) onto SparkLend Ethereum with the following parameters: + +##### Collateral Parameters + +- Optimal Utilization: **60%** +- Base: **0%** +- Slope1: **4%** +- Slope2: **300%** +- Stable rate func (deprecated): **N/A** +- Enable Borrow: **YES** +- Stable Rate Borrowing: **NO** +- Isolation Borrowable: **NO** +- Siloed Borrowing: **NO** +- Flash Loan: **YES** +- Loan To Value: **65%** +- Liquidation Threshold: **70%** +- Liquidation Bonus: **8%** +- Reserve Factor: **20%** +- Supply Cap: **125 tBTC** +- Supply Cap Absolute Maximum Exposure (`max`): **500 tBTC** +- Supply Cap Target Available Exposure (`gap`): **125 tBTC** +- Supply Cap Automator Cooldown Period (`ttl`): **12 hours** +- Borrow Cap: **25 tBTC** +- Borrow Cap Absolute Maximum Exposure (`max`): **250 tBTC** +- Borrow Cap Target Available Exposure (`gap`): **25 tBTC** +- Borrow Cap Automator Cooldown Period (`ttl`): **12 hours** +- Isolation Mode: **NO** +- Isolation Mode Debt Ceiling: **N/A** +- Liquidation Protocol Fee: **10%** +- High Efficiency Mode (`Emode`) Category: **0** + +The definitions for these parameters can be found [in the Atlas under 3.9, Measures For Endgame Transition - SparkLend Risk Parameters](https://github.com/makerdao/next-gen-atlas/blob/7c760dc4d688220f2b954120597a69c1e108bd5a/Sky%20Atlas/Sky%20Atlas.html#L8524). + +##### Oracle Information + +- Oracle: BTCUSD Aggor +- Contract: [0x4219aA1A99f3fe90C2ACB97fCbc1204f6485B537](https://etherscan.io/address/0x4219aA1A99f3fe90C2ACB97fCbc1204f6485B537#code) + +#### [Spark Liquidity Layer Arbitrum] - Onboard Aave USDC + +- **Authorization**: [Governance Poll 1201](https://vote.makerdao.com/polling/Qmf4PDcJ) +- **Proposal**: [Forum Post](https://forum.sky.money/t/march-20-2025-proposed-changes-to-spark-for-upcoming-spell/26113) + +Onboarding Aave USDC onto the Spark Liquidity Layer on Arbitrum with the following [Rate Limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits): + +- Deposits + - `max amount`: **30 million USDC** + - `slope`: **15 million USDC** +- Withdrawals + - `max amount`: **unlimited** + +#### [Spark Protocol Mainnet] - Onboard July USDe PT onto Morpho Spark DAI Vault + +- **Authorization**: [Governance Poll 1203](https://vote.makerdao.com/polling/QmXvuNAv) +- **Proposal**: [Forum Post](https://forum.sky.money/t/march-20-2025-proposed-changes-to-spark-for-upcoming-spell/26113) + +Onboarding July USDe PT onto the Morpho Spark DAI Vault with the following parameters: + +- Pool LLTV: **91.5%** +- Oracle Discount Rate: **20%** +- Supply Cap: **200 million DAI** + +#### [Spark Protocol Mainnet] - Onboard May eUSDe PT onto Morpho Spark DAI Vault + +- **Authorization**: [Governance Poll 1204](https://vote.makerdao.com/polling/QmXrHgdj) +- **Proposal**: [Forum Post](https://forum.sky.money/t/march-20-2025-proposed-changes-to-spark-for-upcoming-spell/26113) + +Onboarding May eUSDe PT onto the Morpho Spark DAI Vault with the following parameters: + +- Pool LLTV: **91.5%** +- Oracle Discount Rate: **20%** +- Supply Cap: **300 million DAI** + +#### [SparkLend Ethereum] - Onboard ezETH + +- **Authorization**: [Governance Poll 1205](https://vote.makerdao.com/polling/QmTj3BSu) +- **Proposal**: [Forum Post](https://forum.sky.money/t/march-20-2025-proposed-changes-to-spark-for-upcoming-spell/26113) + +Onboarding ezETH onto SparkLend Ethereum with the following parameters: + +- Optimal Utilization: **45%** +- Base: **5%** +- Slope1: **15%** +- Slope2: **300%** +- Stable rate func (deprecated): **N/A** +- Enable Borrow: **NO** +- Stable Rate Borrowing: **NO** +- Isolation Borrowable: **NO** +- Siloed Borrowing: **NO** +- Flash Loan: **NO** +- Loan To Value: **72%** +- Liquidation Threshold: **73%** +- Liquidation Bonus: **10%** +- Reserve Factor: **15%** +- Supply Cap: **2,000 ezETH** +- Supply Cap Absolute Maximum Exposure (`max`): **20,000 ezETH** +- Supply Cap Target Available Exposure (`gap`): **2,000 ezETH** +- Supply Cap Automator Cooldown Period (`ttl`): **12 hours** +- Borrow Cap: **0** +- Borrow Cap Absolute Maximum Exposure (`max`): **N/A** +- Borrow Cap Target Available Exposure (`gap`): **N/A** +- Borrow Cap Automator Cooldown Period (`ttl`): **N/A** +- Isolation Mode: **NO** +- Isolation Mode Debt Ceiling: **N/A** +- Liquidation Protocol Fee: **10%** +- High Efficiency Mode (`Emode`) Category: **0** + +The definitions for these parameters can be found [in the Atlas under 3.9, Measures For Endgame Transition - SparkLend Risk Parameters](https://github.com/makerdao/next-gen-atlas/blob/7c760dc4d688220f2b954120597a69c1e108bd5a/Sky%20Atlas/Sky%20Atlas.html#L8524). + +##### Oracle Information + +- Oracle: `ezETH/ETH exchange rate (from contract) * ETHUSD market price` +- Oracle Implementation: [0x52E85eB49e07dF74c8A9466D2164b4C4cA60014A](https://etherscan.io/address/0x52E85eB49e07dF74c8A9466D2164b4C4cA60014A) + +#### [SparkLend Ethereum] - Onboard rsETH + +- **Authorization**: [Governance Poll 1206](https://vote.makerdao.com/polling/QmPkA2GP) +- **Proposal**: [Forum Post](https://forum.sky.money/t/march-20-2025-proposed-changes-to-spark-for-upcoming-spell/26113) + +Onboarding rsETH onto SparkLend Ethereum with the following parameters: + +- Optimal Utilization: **45%** +- Base: **5%** +- Slope1: **15%** +- Slope2: **300%** +- Stable rate func (deprecated): **N/A** +- Enable Borrow: **NO** +- Stable Rate Borrowing: **NO** +- Isolation Borrowable: **NO** +- Siloed Borrowing: **NO** +- Flash Loan: **NO** +- Loan To Value: **72%** +- Liquidation Threshold: **73%** +- Liquidation Bonus: **10%** +- Reserve Factor: **15%** +- Supply Cap: **2,000 rsETH** +- Supply Cap Absolute Maximum Exposure (`max`): **20,000 rsETH** +- Supply Cap Target Available Exposure (`gap`): **2,000 rsETH** +- Supply Cap Automator Cooldown Period (`ttl`): **12 hours** +- Borrow Cap: **0** +- Borrow Cap Absolute Maximum Exposure (`max`): **N/A** +- Borrow Cap Target Available Exposure (`gap`): **N/A** +- Borrow Cap Automator Cooldown Period (`ttl`): **N/A** +- Isolation Mode: **NO** +- Isolation Mode Debt Ceiling: **N/A** +- Liquidation Protocol Fee: **10%** +- High Efficiency Mode (`Emode`) Category: **0** + +The definition for these parameters can be found [in the Atlas under 3.9, Measures For Endgame Transition - SparkLend Risk Parameters](https://github.com/makerdao/next-gen-atlas/blob/7c760dc4d688220f2b954120597a69c1e108bd5a/Sky%20Atlas/Sky%20Atlas.html#L8524). + +##### Oracle Information + +Please refer to [this forum post](https://forum.sky.money/t/risk-assessment-rseth-collateral-on-sparklend-mainnet/26115#p-101280-oracle-settings-and-price-deviation-risk-14). + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - March 26, 2024.md b/governance/votes/Executive vote - March 26, 2024.md new file mode 100644 index 000000000..9fe500587 --- /dev/null +++ b/governance/votes/Executive vote - March 26, 2024.md @@ -0,0 +1,139 @@ +--- +title: Template - [Executive Vote] Stability Fee Changes, SparkLend D3M Maximum Debt Ceiling Increase, Spark DAI Morpho Vault D3M Deployment, DSR Decrease, SBE Parameter Update, HVBank Dao Resolution Approval, Trigger Spark Proxy Spell - March 26, 2024 +summary: Multiple Stability Fee decreases, SparkLend D3M Maximum Debt Ceiling Increase, Spark DAI Morpho Vault D3M deployment, Dai Savings Rate decrease, Smart Burn Engine parameter update, HVBank Dao Resolution approval, trigger Spark Proxy Spell. +date: 2024-03-26T00:00:00.000Z +address: "0xcD672aCc9885796a19b4bAf03Dba46c8cdB0882B" + +--- +# [Executive Proposal] Stability Fee Changes, SparkLend D3M Maximum Debt Ceiling Increase, Spark DAI Morpho Vault D3M Deployment, DSR Decrease, SBE Parameter Update, HVBank Dao Resolution Approval, Trigger Spark Proxy Spell - March 26, 2024 + +The Governance Facilitators, SideStream, Dewiz, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following actions will occur within the Maker Protocol: + +- Multiple Stability Fees will be decreased. +- The SparkLend D3M Maximum Debt Ceiling (`line`) will be increased to 2.5 billion DAI. +- The D3M to Spark DAI Morpho Vault will be deployed with the parameters detailed below. +- The Dai Savings Rate will be decreased. +- The Smart Burn Engine parameters will be updated. +- The HVBank (RWA009-A) DAO Resolution will be approved. +- A proxy spell for Spark Protocol will be triggered. + +**Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.** + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **16 hours**. + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### [Stability Fee (SF)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-3-stability-fee-sf-) Changes + +- **Authorization:** [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-11-under-sta-article-3-3/23910/3) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-11-under-sta-article-3-3/23910) + +If this executive proposal passes, as per the recommendation of the Stability Scope Advisory Council Member, BA Labs, the following SFs will be changed: + +- Decrease the ETH-A SF by 2.00% from 15.25% to **13.25%**. +- Decrease the ETH-B SF by 2.00% from 15.75% to **13.75%**. +- Decrease the ETH-C SF by 2.00% from 15% to **13.00%**. +- Decrease the WSTETH-A SF by 2% from 16.25% to **14.25%**. +- Decrease the WSTETH-B SF by 2% from 16% to **14.00%**. +- Decrease the WBTC-A SF by 2% from 16.75% to **14.75%**. +- Decrease the WBTC-B SF by 2% from 17.25% to **15.25%**. +- Decrease the WBTC-C SF by 2% from 16.50% to **14.50%**. + +### SparkLend [D3M](https://manual.makerdao.com/module-index/module-dai-direct-deposit) Update + +- **Authorization:** [Forum post](https://vote.makerdao.com/polling/QmVGDsvm) +- **Proposal:** [Forum post](http://forum.makerdao.com/t/mar-6-2024-proposed-changes-to-sparklend-for-upcoming-spell/23791) + +If this executive proposal passes, the following change to the SparkLend [D3M](https://manual.makerdao.com/module-index/module-dai-direct-deposit) [Maximum Debt Ceiling (`line`)](https://manual.makerdao.com/module-index/module-dciam#maximum-debt-ceiling-line) will be made: + +- Increase the SparkLend D3M Maximum Debt Ceiling by 1.0 billion DAI from 1.5 billion DAI to **2.5 billion DAI**. + +### [D3M](https://manual.makerdao.com/module-index/module-dai-direct-deposit) to Spark DAI Morpho Vault (DIRECT-SPARK-MORPHO-DAI) + +- **Authorization:** [Forum post](https://forum.makerdao.com/t/introduction-and-initial-parameters-for-ddm-overcollateralized-spark-metamorpho-ethena-vault/23925/5) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/introduction-and-initial-parameters-for-ddm-overcollateralized-spark-metamorpho-ethena-vault/23925) + +If this executive proposal passes, the D3M will be deployed to the [Spark DAI Morpho Vault](https://morpho.blockanalitica.com/metamorpho/vaults/0x73e65dbd630f90604062f6e02fab9138e713edd9) with the following parameters: + +#### [D3M](https://manual.makerdao.com/module-index/module-dai-direct-deposit) [DC-IAM](https://manual.makerdao.com/module-index/module-dciam) Parameters + +- [Maximum Debt Ceiling (`line`)](https://manual.makerdao.com/module-index/module-dciam#maximum-debt-ceiling-line): 100 million DAI +- [Target Available Debt (`gap`)](https://manual.makerdao.com/module-index/module-dciam#target-available-debt-gap): 100 million DAI +- [Ceiling Increase Cooldown (`ttl`)](https://manual.makerdao.com/module-index/module-dciam#ceiling-increase-cooldown-ttl): 24 hours +- Debt Write-off Timelock (`tau`) (Defines the time to elapse before debt can be written off after a D3M has been caged): 7 days + +#### [D3M](https://manual.makerdao.com/module-index/module-dai-direct-deposit) Addresses + +- oracle: [0xA5AA14DEE8c8204e424A55776E53bfff413b02Af](https://etherscan.io/address/0xA5AA14DEE8c8204e424A55776E53bfff413b02Af) +- plan: [0x374b5f915aaED790CBdd341E6f406910d648fD39](https://etherscan.io/address/0x374b5f915aaED790CBdd341E6f406910d648fD39) +- pool: [0x9C259F14E5d9F35A0434cD3C4abbbcaA2f1f7f7E](https://etherscan.io/address/0x9C259F14E5d9F35A0434cD3C4abbbcaA2f1f7f7E) +- operator: [0x298b375f24CeDb45e936D7e21d6Eb05e344adFb5](https://etherscan.io/address/0x298b375f24CeDb45e936D7e21d6Eb05e344adFb5) + +#### Additional Actions + +If this executive proposal passes, the DIRECT_MOM Breaker will be extended to include the Morpho D3M, enabling governance to deactivate vault functionality through an executive spell without waiting for the GSM Pause Delay. + +### [Dai Savings Rate (DSR)](https://manual.makerdao.com/parameter-index/core/param-dai-savings-rate) Change + +- **Authorization**: [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-11-under-sta-article-3-3/23910/3) +- **Proposal**: [Forum post](https://forum.makerdao.com/t/stability-scope-parameter-changes-11-under-sta-article-3-3/23910) + +If this executive proposal passes, the DSR will change as follows: + +- Decrease the DSR by 2% from 15% to **13%** + +### Smart Burn Engine (SBE) Parameter Updates + +- **Authorization:** [Forum post](https://forum.makerdao.com/t/smart-burn-engine-the-rate-of-mkr-accumulation-reconfiguration-and-transaction-analysis-parameter-reconfiguration-update-6/23888/2) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/smart-burn-engine-the-rate-of-mkr-accumulation-reconfiguration-and-transaction-analysis-parameter-reconfiguration-update-6/23888) + +If this executive proposal passes, the following SBE parameters will be changed: + +- The [`hop` (frequency)](https://mips.makerdao.com/mips/details/MIP104#9-1-3-1) parameter will be decreased by 7,884 seconds from 19,710 seconds to **11,826 seconds** +- The [`bump` (lot size)](https://mips.makerdao.com/mips/details/MIP104#9-1-3-3) parameter will be increased by 25,000 DAI, from 50,000 DAI to **75,000 DAI** + +### Approve HVBank (RWA009-A) Dao Resolution + +- **Authorization:** [Forum post](http://forum.makerdao.com/t/huntingdon-valley-bank-transaction-documents-on-permaweb/16264/25) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/huntingdon-valley-bank-transaction-documents-on-permaweb/16264/24) + +If this executive proposal passes, the following DAO Resolution pertaining to HVBank (`RWA009-A`) will be approved: + +- HVBank (`RWA009-A`) Dao Resolution with IPFS hash [QmStrc9kMCmgzh2EVunjJkPsJLhsVRYyrNFBXBbJAJMrrf](https://ipfs.io/ipfs/QmStrc9kMCmgzh2EVunjJkPsJLhsVRYyrNFBXBbJAJMrrf) will be approved. + +### Trigger Spark Proxy Spell + +- **Authorization:** Polls [1](https://vote.makerdao.com/polling/QmQAtb17) and [2](https://vote.makerdao.com/polling/QmYYoAMe). Forum posts [1](http://forum.makerdao.com/t/stability-scope-parameter-changes-11-under-sta-article-3-3/23910/3) +- **Proposal**: Forum posts [1](http://forum.makerdao.com/t/mar-6-2024-proposed-changes-to-sparklend-for-upcoming-spell/23791), [2](https://forum.makerdao.com/t/stability-scope-parameter-changes-11-under-sta-article-3-3/23910), [3](https://forum.makerdao.com/t/introduction-and-initial-parameters-for-ddm-overcollateralized-spark-metamorpho-ethena-vault/23925) + +If this executive proposal passes, a Spark proxy spell at [0x210DF2e1764Eb5491d41A62E296Ea39Ab56F9B6d](https://etherscan.io/address/0x210DF2e1764Eb5491d41A62E296Ea39Ab56F9B6d) will be triggered. This proxy spell will take the following action: + +- [SparkLend Ethereum] Increase the WBTC Supply Cap max by 1,000 WBTC, from 5,000 to **6,000 WBTC**. +- [SparkLend Ethereum] Decrease the Effective DAI Borrow Rate by 2 percentage points from 16.00% to **14.00%**. +- Transfer ownership of the Morpho Vault. + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - March 6, 2025.md b/governance/votes/Executive vote - March 6, 2025.md new file mode 100644 index 000000000..babbcef01 --- /dev/null +++ b/governance/votes/Executive vote - March 6, 2025.md @@ -0,0 +1,247 @@ +--- +title: Template - [Executive Vote] ALLOCATOR-NOVA-A Initialization, SBE Parameter Update, Rate Changes, Launch Project Funding, Integration Boost Funding, Add DssBlow2 to the Chainlog, Spark Proxy Spell - March 6, 2025 +summary: Initialize the ALLOCATOR-NOVA-A vault, update the Smart Burn Engine hop Parameter, update multiple rates, distribute funding for the Launch Project and Integration Boost, add DssBlow2 to the Chainlog, trigger a Spark proxy spell. +date: 2025-03-06T00:00:00.000Z +address: "0x01cEBd4B43F3b4b03fd4E2a2c8ccc2303D4c4A9D" + +--- +# [Executive Proposal] ALLOCATOR-NOVA-A Initialization, SBE Parameter Update, Rate Changes, Launch Project Funding, Integration Boost Funding, Add DssBlow2 to the Chainlog, Spark Proxy Spell - March 6, 2025 + +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- ALLOCATOR-NOVA-A will be initialized as described below. +- The Smart Burn Engine `hop` parameter will be updated as described below. +- Multiple rate changes will be made as described below. +- **5 million USDS** and **9.6 million SKY** will be distributed to the Launch Project. +- **3 million USDS** for Integration Boost funding will be transferred to [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7). +- DssBlow2 will be added to the [Chainlog](https://chainlog.sky.money). +- A Spark proxy spell at [0xBeA5FA2bFC4F6a0b6060Eb8EC23F25db8259cEE0](https://etherscan.io/address/0xBeA5FA2bFC4F6a0b6060Eb8EC23F25db8259cEE0#code) will be triggered. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**18 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### ALLOCATOR-NOVA-A Initialization + +- **Authorization**: [Forum post](https://forum.sky.money/t/technical-scope-of-the-nova-allocator-instance/26031/4) +- **Proposal**: [Forum post](https://forum.sky.money/t/technical-scope-of-the-nova-allocator-instance/26031) + +#### Chainlog Key Update + +If this executive proposal passes, the [Chainlog](https://chainlog.sky.money) key `PIP_ALLOCATOR_SPARK_A` will be renamed to `PIP_ALLOCATOR`. + +#### ALLOCATOR-NOVA-A Initialization + +If this executive proposal passes, then [AllocatorInit.initilk](https://github.com/makerdao/dss-allocator/blob/226584d3b179d98025497815adb4ea585ea0102d/deploy/AllocatorInit.sol#L97-L164) will be called with the following parameters: + +- `sharedInstance.oracle` - **`PIP_ALLOCATOR`** from the Chainlog. +- `sharedInstance.roles` - **`ALLOCATOR_ROLES`** from the Chainlog. +- `sharedInstance.registry` - **`ALLOCATOR-REGISTRY`** from the Chainlog. +- `ilkInstance.owner` - **`MCD_PAUSE_PROXY`** from the Chainlog. +- `ilkInstance.vault` - **[0xe4470DD3158F7A905cDeA07260551F72d4bB0e77](https://etherscan.io/address/0xe4470DD3158F7A905cDeA07260551F72d4bB0e77)** (the newly deployed Allocator Vault). +- `ilkInstance.buffer` - **[0x065E5De3D3A08c9d14BF79Ce5A6d3D0E8794640c](https://etherscan.io/address/0x065E5De3D3A08c9d14BF79Ce5A6d3D0E8794640c)** (the newly deployed Allocator Buffer). +- `cfg.ilk` - **ALLOCATOR_NOVA_A**. +- `cfg.duty` - **0**. +- `cfg.gap` - **1 million USDS**. +- `cfg.maxLine` - **60 million USDS**. +- `cfg.ttl` - **20 hours**. +- `cfg.allocatorProxy` - **`MCD_PAUSE_PROXY`** from the Chainlog. +- `cfg.ilkRegistry` - **`ILK_REGISTRY`** from the Chainlog. + +As a result, a new vault called ALLOCATOR-NOVA-A will be created with the following parameters: + +- [Stability Fee](https://sky-atlas.powerhouse.io/A.3.7.1.1.2.3_Stability_Fee/67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) - **0%**. +- [Maximum Debt Ceiling (`line`)](https://sky-atlas.powerhouse.io/A.3.7.1.1.2.4.1_Maximum_Debt_Ceiling_(line)/6f1a913d-9436-4b70-816b-e317672737d6|57eaf45219bea3b430c268bb) - **60 million USDS**. +- [Target Available Debt (`gap`)](https://sky-atlas.powerhouse.io/A.3.7.1.1.2.4.2_Target_Available_Debt_(gap)/c1e17312-3744-4360-81f4-03564f0dd09d|57eaf45219bea3b430c268bb) - **1 million USDS**. +- [Ceiling Increase Cooldown (`ttl`)](https://sky-atlas.powerhouse.io/A.3.7.1.1.2.4.3_Ceiling_Increase_Cooldown_(ttl)/58f5315f-938f-464c-b2d2-f611145d469a|57eaf45219bea3b430c268bb) - **20 hours**. + +#### Chainlog Key Removal + +If this executive proposal passes, the newly created `PIP_ALLOCATOR_NOVA_A` key will be removed from the [Chainlog](https://chainlog.sky.money). + +#### Operator Approval + +If this executive proposal passes, the operator address at [0x0f72935f6de6C54Ce8056FD040d4Ddb012B7cd54](https://etherscan.io/address/0x0f72935f6de6C54Ce8056FD040d4Ddb012B7cd54) will be approved to transfer USDS out of the Allocator Buffer by calling: + +`BufferLike(ALLOCATOR_NOVA_A_BUFFER).approve(USDS, NOVA_OPERATOR, type(uint256).max);` + +#### Authorize Operator Using ALLOCATOR_ROLES + +If this executive proposal passes, the operator address at [0x0f72935f6de6C54Ce8056FD040d4Ddb012B7cd54](https://etherscan.io/address/0x0f72935f6de6C54Ce8056FD040d4Ddb012B7cd54) will be authorized to call the `draw` and `wipe` functions on the vault by calling: + +`RolesLike(ALLOCATOR_ROLES).setUserRole(ilk, NOVA_OPERATOR, 0, true); +RolesLike(ALLOCATOR_ROLES).setRoleAction(ilk, 0, ALLOCATOR_NOVA_A_VAULT, VaultLike.draw.selector, true); +RolesLike(ALLOCATOR_ROLES).setRoleAction(ilk, 0, ALLOCATOR_NOVA_A_VAULT, VaultLike.wipe.selector, true);` + +#### Add ALLOCATOR-NOVA-A to the LineMom + +If this executive proposal passes, ALLOCATOR-NOVA-A will be added to the [LineMom](https://sky-atlas.powerhouse.io/A.1.9.2.2.3_Debt_Ceiling_Breaker_Exception/8c27b081-2db5-4e8f-9b5c-f5cf0f8d3102|0db30758e055352c). + +### Smart Burn Engine `hop` Parameter Update + +- **Authorization**: [Forum post](https://forum.sky.money/t/smart-burn-engine-parameter-update-march-6-spell/26055/5) +- **Proposal**: [Forum Post](https://forum.sky.money/t/smart-burn-engine-parameter-update-march-6-spell/26055) + +If this executive proposal passes, then the Smart Burn Engine `hop` parameter will be updated as follows: + +- Increase the `hop` parameter by 1,284 seconds from 876 seconds to **2,160 seconds**. + +### Rate Changes + +- **Authorization**: [Forum Post](https://forum.sky.money/t/march-6-2025-stability-scope-parameter-changes-23/26078/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/march-6-2025-stability-scope-parameter-changes-23/26078) + +If this executive proposal passes, then the following rate changes will take place: + +- Increase ALLOCATOR-SPARK-A [Stability Fee](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232%7C57eaf45219bea3b430c2) by 0.52 percentage points from 3.22% to **3.74%**. +- Increase the [DAI Savings Rate (DSR)](https://sky-atlas.powerhouse.io/A.3.2.2.2_Dai_Savings_Rate/8e289e71-7ec5-4ce5-8d4d-41aab7a50f53%7C57eab733e951) by 0.75 percentage points from 4.75% to **5.50%**. + +### Launch Project Funding + +- **Authorization**: [Atlas A.5.6](https://sky-atlas.powerhouse.io/A.5.6_Launch_Project/1f433d9d-7cdb-406f-b7e8-f9bc4855eb77%7C8d5a) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/29) + +If this executive proposal passes, then the following Launch Project funding distributions will be made: + +- Transfer **5 million USDS** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). +- Transfer **9.6 million SKY** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). + +### Integration Boost Funding + +- **Authorization**: [Atlas A.5.2.1.2](https://sky-atlas.powerhouse.io/A.5.2.1.2_Integration_Boost/129f2ff0-8d73-8057-850b-d32304e9c91a%7C8d5a9e88cf49) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-integration-boost-budget-a-5-2-1-2/25536/7) + +If this executive proposal passes, then **3 million USDS** will be transferred to [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7) to continue funding the Integration Boost initiative. + +### Add DssBlow2 to the Chainlog + +- **Authorization**: [Forum post](https://forum.sky.money/t/proposed-housekeeping-item-upcoming-executive-spell-2025-03-06/26063/3) +- **Proposal**: [Forum post](https://forum.sky.money/t/proposed-housekeeping-item-upcoming-executive-spell-2025-03-06/26063) + +If this executive proposal passes, then the DssBlow2 contract deployed at [0x81EFc7Dd25241acd8E5620F177E42F4857A02B79](https://etherscan.io/address/0x81EFc7Dd25241acd8E5620F177E42F4857A02B79) will be added to the [Chainlog](https://chainlog.sky.money) as `MCD_BLOW2`. + +- Source code: https://github.com/makerdao/dss-blow2/blob/master/src/DssBlow2.sol +- Audit: https://github.com/makerdao/dss-blow2/blob/master/audits/ChainSecurity_Sky_DSS_Blow2_audit.pdf + +### Spark Proxy Spell + +- **Authorization**: Governance Polls [1197](https://vote.makerdao.com/polling/QmQrGdQz), [1198](https://vote.makerdao.com/polling/QmfM4SBB), [1199](https://vote.makerdao.com/polling/QmbDzZ3F) +- **Proposal**: [Forum Post](https://forum.sky.money/t/march-6-2025-proposed-changes-to-spark-for-upcoming-spell/26036) + +If this executive proposal passes, then the Spark proxy spell located at [0xBeA5FA2bFC4F6a0b6060Eb8EC23F25db8259cEE0](https://etherscan.io/address/0xBeA5FA2bFC4F6a0b6060Eb8EC23F25db8259cEE0#code) will be triggered. The expected contents are: + +#### [Mainnet] Onboard tBTC to SparkLend + +Onboard tBTC to SparkLend on mainnet with the following parameters: + +- [Optimal Utilization](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.11_Optimal_Utilization_Definition-7dd3b868-b5c1-4f16-b997-8fb35a971ab1|57eaf45219be608847d6): **60%** +- [Base](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.13_Base_Rate_Definition-3ea70be9-6d09-4e25-8025-a0235dd71c28|57eaf45219be608847d6): **0%** +- [Slope1](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.15_Slope_1_Definition-20c3c3c3-432e-48ac-8336-86b8345f920e|57eaf45219be608847d6): **4%** +- [Slope2](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.16_Slope_2_Definition-e5bb5c04-c9f1-4f85-bd45-1d36269482fe|57eaf45219be608847d6): **300%** +- Stable rate func (deprecated): **N/A** +- Enable Borrow: **YES** +- Stable Rate Borrowing: **NO** +- [Isolation Borrowable](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.20_Isolated_Borrow-9acac8ca-3870-4680-ae38-1ba3deb09fe3|57eaf45219be608847d6bfdb): **NO** +- [Siloed Borrowing](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.21_Siloed_Borrowing_Enabled_Definition-2683581e-34fd-4025-b3ef-a46fc19ec855|57eaf45219be608847d6): **NO** +- [Flash Loan](https://docs.spark.fi/dev/sparklend/features/flash-loans#flash-loans): **YES** +- [Loan To Value](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.4_LTV_Definition-e5d19de9-0eb7-4572-857c-e83d91d92c88|57eaf45219be608847d6): **65%** +- [Liquidation Threshold](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.5_Liquidation_Threshold_Definition-9170a423-fba1-4fbe-83c4-f55f2510a9db|57eaf45219be608847d6): **70%** +- [Liquidation Bonus](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.7_Liquidation_Bonus_Definition-c5e7dbac-42f7-4c53-9e89-fa699cd9d5b5|57eaf45219be608847d6): **8%** +- [Reserve Factor](https://docs.aave.com/risk/asset-risk/risk-parameters#reserve-factor): **20%** +- [Supply Cap](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.9_Supply_Cap_Definition-75575b79-9a3c-4601-9c57-dd2f7f48e285|57eaf45219be608847d6): **125 tBTC** +- [Supply Cap Absolute Maximum Exposure (`max`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806): **500 tBTC** +- [Supply Cap Target Available Exposure (`gap`)](https://sky-atlas.powerhouse.io#A.3.8.1.5.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806): **125 tBTC** +- [Supply Cap Automator Cooldown Period (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **12 hours** +- [Borrow Cap](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.10_Borrow_Cap_Definition-fb930369-4ebc-4de0-9414-0a029857bc24|57eaf45219be608847d6): **25 tBTC** +- [Borrow Cap Absolute Maximum Exposure (`max`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806): **250 tBTC** +- [Borrow Cap Target Available Exposure (`gap`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806): **25 tBTC** +- [Borrow Cap Automator Cooldown Period (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **12 hours** +- [Isolation Mode](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **NO** +- Isolation Mode Debt Ceiling: **N/A** +- Liquidation Protocol Fee: **10%** +- [High Efficiency Mode (`Emode`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.6_High_Efficiency_Mode_Category_Definition-09de838a-b46c-4cdb-9467-adacdbcf4c00|57eaf45219be608847d6) Category: **0** + +##### Oracle + +- Oracle: BTCUSD Aggor +- Contract: [0x4219aA1A99f3fe90C2ACB97fCbc1204f6485B537](https://etherscan.io/address/0x4219aA1A99f3fe90C2ACB97fCbc1204f6485B537#code) + +#### [Mainnet] Onboard LBTC to SparkLend + +Onboard LBTC to SparkLend on mainnet with the following parameters: + +- [Optimal Utilization](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.11_Optimal_Utilization_Definition-7dd3b868-b5c1-4f16-b997-8fb35a971ab1|57eaf45219be608847d6): **45%** +- [Base](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.13_Base_Rate_Definition-3ea70be9-6d09-4e25-8025-a0235dd71c28|57eaf45219be608847d6): **5%** +- [Slope1](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.15_Slope_1_Definition-20c3c3c3-432e-48ac-8336-86b8345f920e|57eaf45219be608847d6): **15%** +- [Slope2](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.16_Slope_2_Definition-e5bb5c04-c9f1-4f85-bd45-1d36269482fe|57eaf45219be608847d6): **300%** +- Stable rate func (deprecated): **N/A** +- Enable Borrow: **NO** +- Stable Rate Borrowing: **NO** +- [Isolation Borrowable](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.20_Isolated_Borrow-9acac8ca-3870-4680-ae38-1ba3deb09fe3|57eaf45219be608847d6bfdb): **NO** +- [Siloed Borrowing](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.21_Siloed_Borrowing_Enabled_Definition-2683581e-34fd-4025-b3ef-a46fc19ec855|57eaf45219be608847d6): **NO** +- [Flash Loan](https://docs.spark.fi/dev/sparklend/features/flash-loans#flash-loans): **NO** +- [Loan To Value](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.4_LTV_Definition-e5d19de9-0eb7-4572-857c-e83d91d92c88|57eaf45219be608847d6): **65%** +- [Liquidation Threshold](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.5_Liquidation_Threshold_Definition-9170a423-fba1-4fbe-83c4-f55f2510a9db|57eaf45219be608847d6): **70%** +- [Liquidation Bonus](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.7_Liquidation_Bonus_Definition-c5e7dbac-42f7-4c53-9e89-fa699cd9d5b5|57eaf45219be608847d6): **8%** +- [Reserve Factor](https://docs.aave.com/risk/asset-risk/risk-parameters#reserve-factor): **15%** +- [Supply Cap](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.9_Supply_Cap_Definition-75575b79-9a3c-4601-9c57-dd2f7f48e285|57eaf45219be608847d6): **250 LBTC** +- [Supply Cap Absolute Maximum Exposure (`max`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806): **2,500 LBTC** +- [Supply Cap Target Available Exposure (`gap`)](https://sky-atlas.powerhouse.io#A.3.8.1.5.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806): **250 LBTC** +- [Supply Cap Automator Cooldown Period (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **12 hours** +- [Borrow Cap](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.10_Borrow_Cap_Definition-fb930369-4ebc-4de0-9414-0a029857bc24|57eaf45219be608847d6): **0** +- [Borrow Cap Absolute Maximum Exposure (`max`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806): **N/A** +- [Borrow Cap Target Available Exposure (`gap`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806): **N/A** +- [Borrow Cap Automator Cooldown Period (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **N/A** +- [Isolation Mode](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **NO** +- Isolation Mode Debt Ceiling: **N/A** +- Liquidation Protocol Fee: **10%** +- [High Efficiency Mode (`Emode`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.6_High_Efficiency_Mode_Category_Definition-09de838a-b46c-4cdb-9467-adacdbcf4c00|57eaf45219be608847d6) Category: **3** + +##### Oracle + +- Oracle: BTCUSD Aggor +- Contract: [0x4219aA1A99f3fe90C2ACB97fCbc1204f6485B537](https://etherscan.io/address/0x4219aA1A99f3fe90C2ACB97fCbc1204f6485B537#code) + +##### BTC Correlated [Emode](https://docs.spark.fi/dev/sparklend/features/efficiency-mode-emode#efficiency-mode-emode-1) + +- [Emode Category](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.6_High_Efficiency_Mode_Category_Definition-09de838a-b46c-4cdb-9467-adacdbcf4c00|57eaf45219be608847d6): **3** +- [Loan to Value](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.4_LTV_Definition-e5d19de9-0eb7-4572-857c-e83d91d92c88|57eaf45219be608847d6): **85%** +- [Liquidation Threshold](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.5_Liquidation_Threshold_Definition-9170a423-fba1-4fbe-83c4-f55f2510a9db|57eaf45219be608847d6): **90%** +- [Liquidation Bonus](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.7_Liquidation_Bonus_Definition-c5e7dbac-42f7-4c53-9e89-fa699cd9d5b5|57eaf45219be608847d6): **2%** + +###### Initial Included Assets + +- cbBTC +- LBTC + +#### [Base] Spark USDC Morpho - Increase cbBTC Market Supply + +- Increase the Supply Cap of the cbBTC/USDC market [(0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836)](https://app.morpho.org/base/market/0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836/cbbtc-usdc) by 400 million USDC from 100 million USDC to **500 million USDC**. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - March 8, 2024.md b/governance/votes/Executive vote - March 8, 2024.md new file mode 100644 index 000000000..ed3a892d1 --- /dev/null +++ b/governance/votes/Executive vote - March 8, 2024.md @@ -0,0 +1,97 @@ +--- +title: Template - [Executive Vote] Out-of-Schedule Executive Vote - Increase EDSR, Increase Stability Fees, Decrease GSM Delay, USDC PSM Throughput Change, Trigger Spark Proxy Spell - March 8, 2024 +summary: Increase the EDSR, increase Core Vault stability fees, decrease the GSM delay, reduce the USDC PSM ttl, trigger Spark Proxy Spell. +date: 2024-03-08T00:00:00.000Z +address: "0xdD0AB42848b5609ded083459110d2e38483E0859" + +--- +# [Executive Proposal] Out-of-Schedule Executive Vote - Increase EDSR, Increase Stability Fees, Decrease GSM Delay, USDC PSM Throughput Change, Trigger Spark Proxy Spell - March 8, 2024 + +The Governance Facilitators and Sidestream, Dewiz, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **changes** will occur within the Maker Protocol: +- The Dai Savings Rate will be increased. +- Multiple Stability Fees will be increased. +- The GSM Delay will be decreased. +- The throughput of the USDC PSM will be improved by decreasing the `ttl`. +- A proxy spell for Spark Protocol will be triggered. + +**Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.** + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **48 hours**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### [Dai Savings Rate](https://manual.makerdao.com/parameter-index/core/param-dai-savings-rate) (DSR) Increase + +* **Authorization**: [Forum post](https://forum.makerdao.com/t/accelerated-proposal-rate-system-gsm-delay-psm-usdc-a-ttl-changes/23824/3) +* **Proposal**: [Forum post](https://forum.makerdao.com/t/accelerated-proposal-rate-system-gsm-delay-psm-usdc-a-ttl-changes/23824) + +If this executive proposal passes the Dai Savings Rate will change as follows: + +* Increase the DSR by 10% from 5% to **15%**. + +### [Stability Fee](https://mips.makerdao.com/mips/details/MIP104#14-3-1-3-stability-fee-sf-) Changes + +* **Authorization**: [Forum post](https://forum.makerdao.com/t/accelerated-proposal-rate-system-gsm-delay-psm-usdc-a-ttl-changes/23824/3) +* **Proposal**: [Forum post](https://forum.makerdao.com/t/accelerated-proposal-rate-system-gsm-delay-psm-usdc-a-ttl-changes/23824) + +If this executive proposal passes the following Stability Fee changes will be made: + +* Increase the ETH-A Stability Fee by 8.84% from 6.41% to **15.25%**. +* Increase the ETH-B Stability Fee by 8.84% from 6.91% to **15.75%**. +* Increase the ETH-C Stability Fee by 8.84% from 6.16% to **15%**. +* Increase the WSTETH-A Stability Fee by 9.6% from 6.65% to **16.25%**. +* Increase the WSTETH-B Stability Fee by 9.6% from 6.4% to **16%**. +* Increase the WBTC-A Stability Fee by 10.07% from 6.68% to **16.75%**. +* Increase the WBTC-B Stability Fee by 10.07% from 7.18% to **17.25%**. +* Increase the WBTC-C Stability Fee by 10.07% from 6.43% to **16.5%**. + +### [GSM Delay](https://mips.makerdao.com/mips/details/MIP113#10-1-gsm-governance-security-module-pause-delay) Change + +* **Authorization**: [Forum post](https://forum.makerdao.com/t/accelerated-proposal-rate-system-gsm-delay-psm-usdc-a-ttl-changes/23824/4) +* **Proposal**: [Forum post](https://forum.makerdao.com/t/accelerated-proposal-rate-system-gsm-delay-psm-usdc-a-ttl-changes/23824) + +If this executive proposal passes the following change to the GSM Delay will be made: + +* Decrease the GSM Delay by 32 hours from 48 hours to **16 hours**. + +### USDC PSM [Ceiling Increase Cooldown (`ttl`)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-3-ceiling-increase-cooldown-ttl-) Change + +* **Authorization**: [Forum post](https://forum.makerdao.com/t/accelerated-proposal-rate-system-gsm-delay-psm-usdc-a-ttl-changes/23824/3) +* **Proposal**: [Forum post](https://forum.makerdao.com/t/accelerated-proposal-rate-system-gsm-delay-psm-usdc-a-ttl-changes/23824) + +If this executive proposal passes the following change to the USDC PSM ttl will be made: + +* Decrease the USDC-PSM-A ttl by 12 hours from 24 hours to **12 hours**. + +### Trigger Spark Proxy Spell + +* **Authorization**: [Forum post](https://forum.makerdao.com/t/accelerated-proposal-rate-system-gsm-delay-psm-usdc-a-ttl-changes/23824/3) +* **Proposal**: [Forum post](https://forum.makerdao.com/t/accelerated-proposal-rate-system-gsm-delay-psm-usdc-a-ttl-changes/23824) + +If this executive proposal passes a Spark proxy spell at [0xFc72De9b361dB85F1d126De9cac51A1aEe8Ce126](https://etherscan.io/address/0xFc72De9b361dB85F1d126De9cac51A1aEe8Ce126). This proxy spell will take the following action: + +* Change the Dai Interest Rate Strategy to increase the Dai Borrow Rate to **16%**. + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - May 06, 2024.md b/governance/votes/Executive vote - May 06, 2024.md new file mode 100644 index 000000000..9dcdfc0c4 --- /dev/null +++ b/governance/votes/Executive vote - May 06, 2024.md @@ -0,0 +1,53 @@ +--- +title: Template - [Executive Vote] Approve Coinbase Custody (RWA014-A) DAO Resolution - May 06, 2024 +summary: Approve Coinbase Custody (RWA014-A) DAO Resolution that extends the Coinbase Custody Rewards Program for six months. +date: 2024-05-06T00:00:00.000Z +address: "0x6cd68b55cdc991938D95D6995d97eB807AAEAE44" + +--- +# [Executive Proposal] Approve Coinbase Custody (RWA014-A) DAO Resolution - May 06, 2024 + +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following actions will occur within the Maker Protocol: + +- A DAO Resolution pertaining to RWA014-A (Coinbase Custody) will be approved, as detailed below. + +**Voting for this executive proposal will place your MKR in support of the actions outlined above.** + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **30 hours**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### Approve Coinbase Custody (RWA014-A) DAO Resolution + +- **Authorization:** [Forum post](http://forum.makerdao.com/t/proposal-to-extend-coinbase-custody-rewards/24198/4) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/proposal-to-extend-coinbase-custody-rewards/24198) + +If this executive proposal passes, the following DAO Resolution pertaining to [Coinbase Custody (RWA014-A)](https://makerburn.com/#/collateral/RWA014-A) will be approved: + +- RWA014-A DAO Resolution with IPFS hash [QmUvqDK4EgGFw6dUqmdhcoZiSBLFuhf2e6k63WwrauRUx9](https://ipfs.io/ipfs/QmUvqDK4EgGFw6dUqmdhcoZiSBLFuhf2e6k63WwrauRUx9). + +If approved, this DAO Resolution will extend the Coinbase Custody Rewards (due to terminate on May 14th, 2024) for six months. + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - May 15, 2025.md b/governance/votes/Executive vote - May 15, 2025.md new file mode 100644 index 000000000..b35780b02 --- /dev/null +++ b/governance/votes/Executive vote - May 15, 2025.md @@ -0,0 +1,209 @@ +--- +title: Template - [Executive Vote] MKR-to-SKY Upgrade Phase One, Adding Protego To the Chainlog, Spark Proxy Spell - May 15, 2025 +summary: Execute MKR-to-SKY Upgrade Phase One, adding Protego to the Chainlog, execute Spark Proxy Spell. +date: 2025-05-15T00:00:00.000Z +address: "0x53222d00ffbFf48bD74BddDE5592B1B98793bB07" + +--- +# [Executive Proposal] MKR-to-SKY Upgrade Phase One, Adding Protego to the Chainlog, Spark Proxy Spell - May 15, 2025 + +The Governance Facilitators, Sidestream, and Dewiz have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- Phase One of the MKR-to-SKY upgrade will be executed as described below. +- Protego will be added to the [Chainlog](https://chainlog.sky.money). +- A Spark Proxy Spell will be executed. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**48 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### MKR-to-SKY Upgrade Phase One + +- **Authorization**: [A.4.1.2.1.1 - MKR To SKY Upgrade Phase One](https://sky-atlas.powerhouse.io/A.4.1.2.1.1_MKR_To_SKY_Upgrade_Phase_One/1f1f2ff0-8d73-8006-b95a-f830d28d4645|b341f4c0b83472dc), [Ecosystem Approval](http://forum.sky.money/t/technical-scope-of-the-chief-migration/26361/3) +- **Proposal**: Forum post [1](https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-may-5-2025/26319), [2](https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-may-12-2025/26364), [3](https://forum.sky.money/t/technical-scope-of-the-chief-migration/26361) + +As part of the transition to the Endgame, the technical infrastructure of the Sky Protocol will be upgraded to use SKY as its governance token rather than MKR. The upgrade will take place over three phases described under [A.4.1.2.1 - MKR To SKY Upgrade](https://sky-atlas.powerhouse.io/A.4.1.2.1_MKR_To_SKY_Upgrade/d5af8504-ddd6-416d-8429-897497b072dc|b341f4c0b834). Phase One comprises the following actions: + +- Disable conversion from SKY to MKR in the existing conversion contract. +- Launch new MKR-to-SKY conversion contract. +- Disable MKR Flop Auctions. +- Disable Emergency Shutdown Module. +- Launch new Chief Contract. +- Deploy New Vote Delegate Factory. +- Move the authority of the Spark Freezer MOM contract to the new Chief contract (through the Spark Proxy Spell). +- Launch the new SKY oracle and add the new SKY oracle to the Oracle Security Module MOM contract. +- Update Smart Burn Engine Parameters. +- Launch SKY staking. +- Remove LSE-MKR-A from the Debt Ceiling Instant Access Module (`AutoLine`) and set its Debt Ceiling (`line`) to zero. + +If this executive proposal passes, then the above Phase One actions will be executed as described below. + +#### Disable Conversion From SKY to MKR in Existing Conversion Contract + +The functionality to convert SKY to MKR in the existing converter contract located at [0xBDcFCA946b6CDd965f99a839e4435Bcdc1bc470B](https://etherscan.io/address/0xBDcFCA946b6CDd965f99a839e4435Bcdc1bc470B) on the Ethereum Mainnet will be disabled. + +#### Launch New MKR-to-SKY Conversion Contract + +A new contract that allows the one-way upgrading from MKR to SKY has been pre-deployed at [0xA1Ea1bA18E88C381C724a75F23a130420C403f9a](https://etherscan.io/address/0xA1Ea1bA18E88C381C724a75F23a130420C403f9a). This contract: + +- Will be authorized by calling `SkyInit.updateMkrSky`. +- Will support a Delayed Upgrade Penalty initially set to **0%**. +- Will have its conversion rate set to **1:24,000**. + +#### Disable MKR Flop Auctions + +[MKR flop auctions](https://sky-atlas.powerhouse.io/A.4.1.2.1.1.2.3_MKR_Flop_Auctions/1f1f2ff0-8d73-8049-986a-f0c728ebef62%7Cb341f4c0b83472dc46453ac873ab) will be disabled. + +#### Disable [Emergency Shutdown Module](https://manual.makerdao.com/module-index/module-emergency-shutdown) + +The Emergency Shutdown Module will be disabled by setting the amount of MKR required to trigger it to infinity. + +#### Launch New Chief Contract + +A new [Chief contract](https://sky-atlas.powerhouse.io/A.4.1.2.1.1.2.5_Chief_Contract/1f1f2ff0-8d73-805f-8f38-e788018540f4|b341f4c0b83472dc46453ac8256c) has been pre-deployed at [0x929d9A1435662357F54AdcF64DcEE4d6b867a6f9](https://etherscan.io/address/0x929d9A1435662357F54AdcF64DcEE4d6b867a6f9) to support voting with SKY instead of MKR. + +#### Integrate New Vote Delegate Factory + +A new Vote Delegate Factory contract has been pre-deployed at [0x4Cf3DaeFA2683Cd18df00f7AFF5169C00a9EccD5](https://etherscan.io/address/0x4Cf3DaeFA2683Cd18df00f7AFF5169C00a9EccD5). The Vote Delegate factory contract will support deploying Delegate Contracts that SKY holders and SKY Staking users can delegate their voting power to. + +#### Integrate New SKY Chronicle Scribe Instance Oracle and Add it to the OSM_MOM Contract + +A new Oracle Security Module based on the Scribe SKY oracle has been pre-deployed at [0x511485bBd96e7e3a056a8D1b84C5071071C52D6F](https://etherscan.io/address/0x511485bBd96e7e3a056a8D1b84C5071071C52D6F) and added to the OSM_MOM. + +#### Update Smart Burn Engine Parameters + +The parameters of the Smart Burn Engine will be updated as follows: + +- The oracle will be changed to the new SKY oracle. +- The rewardsDuration for the LSEV2-SKY-A USDS rewards contract will be set so that it is equal to the `splitter.hop` parameter (**1,728 seconds**). +- The current `REWARDS_LSMKR_USDS` farm will be replaced by the new SKY farm, `REWARDS_LSSKY_USDS`, which has been pre-deployed at [0x38E4254bD82ED5Ee97CD1C4278FAae748d998865](https://etherscan.io/address/0x38e4254bd82ed5ee97cd1c4278faae748d998865). + +#### Launch Sky Staking + +SKY Staking will be launched with the following parameters for borrowing against staked SKY: + +- `Ilk`: **LSEV2-SKY-A** +- `Farms`: **LSSKY -> USDS at [0x38E4254bD82ED5Ee97CD1C4278FAae748d998865](https://etherscan.io/address/0x38E4254bD82ED5Ee97CD1C4278FAae748d998865)** +- `Fee`: **0** +- `line`: **Automatically handled by the LockstakeMigrator contract at [0x473d777f608C3C24B441AB6bD4bBcA6b7F9AF90B](https://etherscan.io/address/0x473d777f608C3C24B441AB6bD4bBcA6b7F9AF90B) to allow only existing `LSE-MKR-A` positions to be migrated into LSEV2-SKY-A.** +- Only existing `LSE-MKR-A` users with drawn debt are allowed to migrate debt to LSEV2-SKY-A initially. +- [`Dust`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.6_Debt_Floor_(dust)-cea03e47-24a6-4efc-b482-56c183e5759a%7C57eaf45219bea3b430c2): **30,000 USDS** +- [`Duty`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232%7C57eaf45219bea3b430c2): **20%** +- [`Mat`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.1_Liquidation_Ratio-1184ab96-8cad-4755-9798-2c8782304407%7C57eaf45219bea3b430c2): **125%** +- `Calc`: **StairstepExponentialDecrease** +- [`Buf`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.2_Auction_Price_Multiplier_(buf)-3ce44221-fe39-4904-9f86-0a1996cea8c6%7C57eaf45219bea3b430c2a59a): **120%** +- [`Tail`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.4_Max_Auction_Duration_(tail)-f8de0fc0-e452-4fc6-b67c-6da15df828f0%7C57eaf45219bea3b430c2a59a): **6,000 seconds** +- [`Cusp`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.3_Max_Auction_Drawdown_(cusp)-083ada9d-8d45-46ae-80d2-a3bb706e1e77%7C57eaf45219bea3b430c2a59a): **40%** +- [`Chip`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.5_Proportional_Kick_Incentive_(chip)-afecb109-75a7-4289-997e-2a6f3d3bea1e%7C57eaf45219bea3b430c2a59a): **0.1%** +- [`Tip`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.6_Flat_Kick_Incentive_(tip)-1c13687a-2dad-4e86-9940-024dc8f17a24%7C57eaf45219bea3b430c2a59a): **300 USDS** +- `Stopped`: **3** +- [`Chop`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.7_Liquidation_Penalty_(chop)-5295aa1f-3944-4fde-aaec-d999244b57e9%7C57eaf45219bea3b430c2a59a): **13%** +- [`Hole`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.8_Local_Liquidation_Limit_(hole)-fc22e62e-1f6b-4b10-b14a-ea7745185c67%7C57eaf45219bea3b430c2a59a): **250,000 USDS** +- [`Tau`](): **0 days** +- [`Cut`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.1.1_Auction_Price_Function_(cut)-b6e47d05-addf-4371-ad95-90582da7c0f1%7C57eaf45219bea3b430c2a59a6013): **0.99** +- [`Step`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.1.2_Auction_Price_Function_(step)-7d58c961-43ff-4157-80aa-8a92f577ec12%7C57eaf45219bea3b430c2a59a6013): **60 seconds** +- `LineMom`: **Yes** +- `Tolerance`: **0.5** +- `Name`: **LockstakeSky** +- `Symbol`: **lsSKY** +- Use the new SKY Chronicle Scribe oracle instance OSM. +- Deny the CLIPPER_MOM from the new lockstake clipper. + +#### Set the LSE-MKR-A Debt Ceiling (`line`) to zero and remove the vault from the Debt Ceiling Instant Access Module (`AutoLine`). + +The following actions involving the Seal Engine will take place: +- Remove the `LSE-MKR-A` from the [Debt Ceiling Instant Access Module (`AutoLine`)](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.4_Debt_Ceiling_Instant_Access_Module_(DC_IAM)/071d42e3-8a21-4401-852e-0b52c49768bb%7C57eaf45219bea3b430c2). +- Set the `LSE-MKR-A` [Debt Ceiling (`line`)](https://sky-atlas.powerhouse.io/A.4.4.1.2.4_Debt_Ceiling/1e7f2ff0-8d73-803f-89b8-d6049eb54922%7Cb341740ee6e1974b) to **zero**. + +#### Phase One Migration Script + +The Phase One actions listed above will be implemented by calling the `MigrationInit.initMigration` function as follows: + +- Initialize Chief migration by calling `MigrationInit.initMigration` with the following parameters: + - inst.chief: [**0x929d9A1435662357F54AdcF64DcEE4d6b867a6f9**](https://etherscan.io/address/0x929d9A1435662357F54AdcF64DcEE4d6b867a6f9) + - inst.voteDelegateFactory: [**0x4Cf3DaeFA2683Cd18df00f7AFF5169C00a9EccD5**](https://etherscan.io/address/0x4Cf3DaeFA2683Cd18df00f7AFF5169C00a9EccD5) + - inst.mkrSky: [**0xA1Ea1bA18E88C381C724a75F23a130420C403f9a**](https://etherscan.io/address/0xA1Ea1bA18E88C381C724a75F23a130420C403f9a) + - inst.skyOsm: [**0x511485bBd96e7e3a056a8D1b84C5071071C52D6F**](https://etherscan.io/address/0x511485bBd96e7e3a056a8D1b84C5071071C52D6F) + - inst.lsskyUsdsFarm: [**0x38E4254bD82ED5Ee97CD1C4278FAae748d998865**](https://etherscan.io/address/0x38E4254bD82ED5Ee97CD1C4278FAae748d998865) + - inst.lockstakeInstance.lssky: [**0xf9A9cfD3229E985B91F99Bc866d42938044FFa1C**](https://etherscan.io/address/0xf9A9cfD3229E985B91F99Bc866d42938044FFa1C) + - inst.lockstakeInstance.engine: [**0xCe01C90dE7FD1bcFa39e237FE6D8D9F569e8A6a3**](https://etherscan.io/address/0xCe01C90dE7FD1bcFa39e237FE6D8D9F569e8A6a3) + - inst.lockstakeInstance.clipper: [**0x35526314F18FeB5b7F124e40D6A99d64F7D7e89a**](https://etherscan.io/address/0x35526314F18FeB5b7F124e40D6A99d64F7D7e89a) + - inst.lockstakeInstance.clipperCalc: [**0xB8f8c7caabFa320717E3e848948450e120F0D9BB**](https://etherscan.io/address/0xB8f8c7caabFa320717E3e848948450e120F0D9BB) + - inst.lockstakeInstance.migrator: [**0x473d777f608C3C24B441AB6bD4bBcA6b7F9AF90B**](https://etherscan.io/address/0x473d777f608C3C24B441AB6bD4bBcA6b7F9AF90B) + - cfg.maxYays: **5** + - cfg.launchThreshold: **2,400,000,000 SKY (equivalent to 100,000 MKR)** + - cfg.liftCooldown: **10 blocks** + - cfg.skyOracle: [**0xc2ffbbDCCF1466Eb8968a846179191cb881eCdff**](https://etherscan.io/address/0xc2ffbbDCCF1466Eb8968a846179191cb881eCdff) + - cfg.rewardsDuration: **Equal to the splitter.hop (1,728 seconds)** + - cfg.lockstakeConfig.ilk: **"LSEV2-SKY-A"** + - cfg.lockstakeConfig.farms: **array [StakingRewards: [0x38E4254bD82ED5Ee97CD1C4278FAae748d998865](https://etherscan.io/address/0x38E4254bD82ED5Ee97CD1C4278FAae748d998865)]** + - cfg.lockstakeConfig.fee: **0** + - cfg.lockstakeConfig.dust: **30,000 USDS** + - cfg.lockstakeConfig.duty: **20%** + - cfg.lockstakeConfig.mat: **125%** + - cfg.lockstakeConfig.buf: **120%** + - cfg.lockstakeConfig.tail: **6,000 seconds** + - cfg.lockstakeConfig.cusp: **40%** + - cfg.lockstakeConfig.chip: **0.1%** + - cfg.lockstakeConfig.tip: **300 USDS** + - cfg.lockstakeConfig.stopped: **3** + - cfg.lockstakeConfig.chop: **13%** + - cfg.lockstakeConfig.hole: **250,000 USDS** + - cfg.lockstakeConfig.tau: **0 days** + - cfg.lockstakeConfig.cut: **0.99** + - cfg.lockstakeConfig.step: **60 seconds** + - cfg.lockstakeConfig.lineMom: **true (as "added to LINE_MOM")** + - cfg.lockstakeConfig.tolerance: **0.5** + - cfg.lockstakeConfig.name: **LockstakeSky** + - cfg.lockstakeConfig.symbol: **lsSKY** + +More details about the technical scope of the Chief migration can be found [here](https://forum.sky.money/t/technical-scope-of-the-chief-migration/26361). + +### Add Protego to the Chainlog + +- **Authorization**: [A.1.9 - Sky Core Governance Security - Emergency Spells - Protego](https://sky-atlas.powerhouse.io/A.1.9.4.3_Protego/1f1f2ff0-8d73-80be-9ace-f125242ede47%7C0db307588902), [Ecosystem Approval](http://forum.sky.money/t/technical-scope-of-the-protego-deployment/26365/2) +- **Proposal**: Forum post [1](https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-may-5-2025/26319), [2](https://forum.sky.money/t/technical-scope-of-the-protego-deployment/26365) + +Protego is a contract that allows Sky Governance to cancel the execution of planned governance actions that are awaiting the expiration of the Governance Security Module Pause Delay ([GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.9.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055)). Protego has been pre-deployed at [0x5C9c3cb0490938c9234ABddeD37a191576ED8624](https://etherscan.io/address/0x5C9c3cb0490938c9234ABddeD37a191576ED8624). + +If this executive proposal passes, then the following actions will take place: + +- Add Protego to the [Chainlog](https://chainlog.sky.money) with key `MCD_PROTEGO`. +- Bump chainlog MINOR version. + +More details about the technical scope of the Protego deployment can be found [here](https://forum.sky.money/t/technical-scope-of-the-protego-deployment/26365). + +### Spark Proxy Spell + +- **Authorization**: [A.4.1.2.1.1 - MKR To SKY Upgrade Phase One](https://sky-atlas.powerhouse.io/A.4.1.2.1.1_MKR_To_SKY_Upgrade_Phase_One/1f1f2ff0-8d73-8006-b95a-f830d28d4645|b341f4c0b83472dc) +- **Proposal**: [Forum post](https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-may-5-2025/26319) + +If this executive proposal passes, then a Spark Proxy Spell will be executed at [0xC40611AC4Fff8572Dc5F02A238176edCF15Ea7ba](https://etherscan.io/address/0xC40611AC4Fff8572Dc5F02A238176edCF15Ea7ba) to move the authority of the Spark Freezer MOM contract to the new Chief contract. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - May 30, 2024.md b/governance/votes/Executive vote - May 30, 2024.md new file mode 100644 index 000000000..f6701263e --- /dev/null +++ b/governance/votes/Executive vote - May 30, 2024.md @@ -0,0 +1,136 @@ +--- +title: Template - [Executive Vote] SBE Surplus Buffer Upper Limit Update, RWAF and Harbor Trade Credit DAO Resolutions, Spark Proxy Spell - May 30, 2024 +summary: Smart Burn Engine Surplus Buffer Upper Limit Update, RWA Foundation (RWAF) and Harbor Trade Credit (RWA004-A) DAO Resolutions, execute Spark Proxy Spell. +date: 2024-05-30T00:00:00.000Z +address: "0x7B55617f7F04F7B45eE865fF9066469Fbe28a632" + +--- +# [Executive Proposal] SBE Surplus Buffer Upper Limit Update, RWAF and Harbor Trade Credit DAO Resolutions, Spark Proxy Spell - May 30, 2024 + +The Governance Facilitators and Dewiz, Sidestream, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following actions will occur within the Maker Protocol: + +- The Smart Burn Engine (SBE) Surplus Buffer Upper Limit will be updated. +- A RWA Foundation (RWAF) DAO Resolution will be approved. +- A Harbor Trade Credit (RWA004-A) DAO Resolution will be approved. +- A proxy spell for Spark Protocol will be triggered. + +Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **30 hours**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### Smart Burn Engine (SBE) Parameter Updates + +- **Authorization:** [Forum post](https://forum.makerdao.com/t/smart-burn-engine-vow-hump-surplus-buffer-upper-limit-reconfiguration-update-7/24348/2) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/smart-burn-engine-vow-hump-surplus-buffer-upper-limit-reconfiguration-update-7/24348) + +If this executive proposal passes, the following SBE parameter will be changed: + +- The [`vow.hump` (SBE Surplus Buffer Upper Limit)](https://mips.makerdao.com/mips/details/MIP104#9-1-smart-burn-engine-parameters) parameter will be increased by 5 million DAI from 50 million DAI to **55 million DAI**. + +### Approve RWA Foundation (RWAF) DAO Resolution + +- **Authorization:** [Forum post](https://forum.makerdao.com/t/dao-resolution-banking-setup-for-rwa-foundation/24362/2) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/dao-resolution-banking-setup-for-rwa-foundation/24362) + +If this executive proposal passes, the following DAO Resolution pertaining to RWA Foundation (RWAF) will be approved: + +- RWAF DAO Resolution with IPFS hash [Qmb8vLDH6wT4Y2axnJX1JSKVKHTG3jzX3U3novw886H8UR](https://ipfs.io/ipfs/Qmb8vLDH6wT4Y2axnJX1JSKVKHTG3jzX3U3novw886H8UR). + +### Approve Harbor Trade Credit (RWA004-A) DAO Resolution + +- **Authorization:** [Forum post](https://forum.makerdao.com/t/harbor-trade-credit-workout-process/24367/4) +- **Proposal:** [Forum post](https://forum.makerdao.com/t/harbor-trade-credit-workout-process/24367) + +If this executive proposal passes, the following DAO Resolution pertaining to [Harbor Trade Credit (RWA004-A)](https://makerburn.com/#/collateral/RWA004-A) will be approved: + +- RWA004-A DAO Resolution with IPFS hash [QmUiYTRy4BkV681tfFe3Ksj6gdLEq27w34MqLw5LvRaBoD](https://ipfs.io/ipfs/QmUiYTRy4BkV681tfFe3Ksj6gdLEq27w34MqLw5LvRaBoD). + +### Trigger Spark Proxy Spell + +- **Authorization:** [Ecosystem Approval](https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327/3), Polls [1](https://vote.makerdao.com/polling/QmQHu69a), [2](https://vote.makerdao.com/polling/QmWdmh1e), [3](https://vote.makerdao.com/polling/QmT5e8NG), [4](https://vote.makerdao.com/polling/QmZhjzUg) +- **Proposal**: [Forum posts](https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327) + +If this executive proposal passes, a Spark proxy spell at [0x7bcDd1c8641F8a0Ef98572427FDdD8c26D642256](https://etherscan.io/address/0x7bcDd1c8641F8a0Ef98572427FDdD8c26D642256) will be triggered. This proxy spell will take the following actions: + +#### [Mainnet+Gnosis] Turn Off Siloed Borrowing for All Stablecoins + +- Turn off [siloed borrowing](https://docs.sparkprotocol.io/developers/sparklend/features/siloed-borrowing) for Circle USD (USDC) and Tether USD (USDT) on both Ethereum and Gnosis. +- Turn off siloed borrowing for Monerium EURO e-money (EURe) on Gnosis. + +#### [Mainnet+Gnosis] IRM (Interest Rate Model) Update + + If this executive proposal passes, the following changes will be implemented on the SparkLend [markets](https://app.spark.fi/markets): + +##### Ethereum: + +###### ETH +- Reduce slope 1 by 0.3% from 2.8% to **2.5%** + +###### Circle USD (USDC) +- Change slope 1 to DSR + 1% +- Reduce slope 2 by 5% from 20% to **15%** + +###### Tether USD (USDT) +- Change slope 1 to DSR + 1% +- Reduce slope 2 by 5% from 20% to **15%** + +##### Gnosis: + +###### ETH +- Reduce slope 1 by 0.7% from 3.2% to **2.5%** +- Reduce optimal utilization by 10% from 90% to **80%** + +###### DAI +- Reduce slope 1 by 3% from 12% to **9%** +- Reduce slope 2 by 35% from 50% to **15%** +- Increase optimal utilization by 5% from 90% to **95%** + +###### USDC +- Reduce slope 1 by 3% from 12% to **9%** +- Reduce slope 2 by 35% from 50% to **15%** +- Increase optimal utilization by 5% from 90% to **95%** + +###### USDT +- Reduce slope 1 by 3% from 12% to **9%** +- Reduce slope 2 by 35% from 50% to **15%** +- Increase optimal utilization by 5% from 90% to **95%** + +###### Monerium EUR e-money (EURe) +- Reduce slope 1 by 2% from 7% to **5%** +- Reduce slope 2 by 35% from 50% to **15%** +- Increase optimal utilization by 5% from 90% to **95%** + +#### [Mainnet] Update Morpho Vault Supply Caps + +- Increase the supply cap of the [sUSDe 91.5% LLTV pool](https://morpho.blockanalitica.com/markets/1247f1c237eceae0602eab1470a5061a6dd8f734ba88c7cdc5d6109fb0026b28/) by 50 million DAI from 50 million DAI to **100 million DAI**. +- Increase the supply cap of the [sUSDe 86% LLTV pool](https://morpho.blockanalitica.com/markets/39d11026eae1c6ec02aa4c0910778664089cdd97c3fd23f68f7cd05e2e95af48/) by 200 million DAI from 200 million DAI to **400 million DAI**. + +#### [Gnosis] Disable Governance Bridge Security Delay + +- Lower the bridge security delay for SparkLend governance on Gnosis by 2 days from 2 days to **0 days**. +- Set the minimum security delay limit to **0**. + + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - November 14, 2024.md b/governance/votes/Executive vote - November 14, 2024.md new file mode 100644 index 000000000..fecda0487 --- /dev/null +++ b/governance/votes/Executive vote - November 14, 2024.md @@ -0,0 +1,271 @@ +--- +title: Template - [Executive Vote] Stability Fee Increases, Saving Rate Increases, Sky Ecosystem Liquidity Bootstrapping Funding, Integration Boost Funding, SparkLend D3M Parameter Update, Gelato Keeper Treasury Address Update, ConsolFreight Debt Write-Off and Associated DAO Resolution, Facilitator Payment Streams, Aligned Delegate Compensation, Spark Proxy Spell - November 14, 2024 +summary: Increase multiple native vault stability fees, increase the DSR and the SSR, transfer USDS for Liquidity Initiatives, transfer USDS for Integration Boost initiative, update the SparkLend buffer parameter on mainnet, update the treasury address used by the Gelato keeper, write off the debt of ConsolFreight (RWA-003) and approve a related DAO Resolution, set up new Facilitator vesting streams, distribute Aligned Delegate compensation for September 2024, trigger a Spark Proxy Spell. +date: 2024-11-14T00:00:00.000Z +address: "0xd442Ea4b93712762E337c1e15F367F0b1050fEa4" + +--- +# [Executive Proposal] SparkLend D3M Parameter Update, Gelato Keeper Treasury Address Update, ConsolFreight Debt Write-Off and Associated DAO Resolution, Facilitator Payment Streams, Aligned Delegate Compensation, Spark Proxy Spell - November 14, 2024 + +The Governance Facilitators, Sidestream and Dewiz have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- The Stability Fee for multiple native vaults will be increased. +- The Dai Savings Rate (DSR) and the Sky Savings Rate (SSR) will be increased. +- 4 million USDS will be transferred for Sky Ecosystem Liquidity Bootstrapping funding. +- 3 million USDS will be transferred for Integration Boost funding. +- The SparkLend buffer parameter on mainnet will be increased. +- The treasury address for the Gelato keeper will be updated. +- The debt of the ConsolFreight (RWA-003) vault will be written off. +- A DAO Resolution with the hash [QmX4DdVBiDBjLXYT4J4jC1XMdTn2Q7Ao8L66pKB8N3yETA](https://gateway.pinata.cloud/ipfs/QmX4DdVBiDBjLXYT4J4jC1XMdTn2Q7Ao8L66pKB8N3yETA) will be approved. +- New Facilitator vesting streams will be created. +- Aligned Delegate compensation for September 2024 will be distributed. +- A Spark Proxy Spell at [0x8a3aaeAC45Cf3D76Cf82b0e4C63cCfa8c72BDCa7](https://etherscan.io/address/0x8a3aaeAC45Cf3D76Cf82b0e4C63cCfa8c72BDCa7) will be executed. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**16 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### [Stability Fee](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.3.1_Rates_SF/8e224fee-978f-4d6d-931a-34e16c293890|57eaf45219bea3b430c2b232) Increases + +- **Authorization**: [Forum Post](https://forum.sky.money/t/stability-scope-parameter-changes-17-sfs-dsr-ssr-spark-effective-dai-borrow-rate/25522/4) +- **Proposal**: [Forum Post](https://forum.sky.money/t/stability-scope-parameter-changes-17-sfs-dsr-ssr-spark-effective-dai-borrow-rate/25522/3) + +If this executive proposal passes, then the following [Stability Fee](https://sky-atlas.powerhouse.io/A.3.8.1.1.2.3.1_Rates_SF/8e224fee-978f-4d6d-931a-34e16c293890|57eaf45219bea3b430c2b232) increases will take place: + +- Increase the ETH-A Stability Fee by 2 percentage point from 6.25% to **8.25%**. +- Increase the ETH-B Stability Fee by 2 percentage point from 6.75% to **8.75%**. +- Increase the ETH-C Stability Fee by 2 percentage point from 6.00% to **8.00%**. +- Increase the WSTETH-A Stability Fee by 2 percentage point from 7.25% to **9.25%**. +- Increase the WSTETH-B Stability Fee by 2 percentage point from 7.00% to **9.00%**. +- Increase the WBTC-A Stability Fee by 2 percentage point from 9.25% to **11.25%**. +- Increase the WBTC-B Stability Fee by 2 percentage point from 9.75% to **11.75%**. +- Increase the WBTC-C Stability Fee by 2 percentage point from 9.00% to **11.00%**. + +### Savings Rate Increases + +- **Authorization**: [Forum Post](https://forum.sky.money/t/stability-scope-parameter-changes-17-sfs-dsr-ssr-spark-effective-dai-borrow-rate/25522/4) +- **Proposal**: [Forum Post](https://forum.sky.money/t/stability-scope-parameter-changes-17-sfs-dsr-ssr-spark-effective-dai-borrow-rate/25522/3) + +If this executive proposal passes, the then following savings rate increases will take place: + +- Increase the [Dai Savings Rate (DSR)](https://sky-atlas.powerhouse.io/A.3.2.2.2_Dai_Savings_Rate/8e289e71-7ec5-4ce5-8d4d-41aab7a50f53|57eab733e951) by 2 percentage point from 5.50% to **7.50%**. +- Increase the [Sky Savings Rate (SSR)](https://sky-atlas.powerhouse.io/A.3.2.2.3_Sky_Savings_Rate/73d91126-21c9-4e8a-bedf-8a51a432bb59|57eab733e951) by 2 percentage point from 6.50% to **8.50%**. + +Due to how the SparkLend DAI Interest Rate Model (IRM) functions, this will also results in an approximately 2 percentage point increase in the SparkLend Effective DAI Borrow Rate. + +### Sky Ecosystem Liquidity Bootstrapping Funding +- **Authorization**: [Governance Poll](https://vote.makerdao.com/polling/QmYHUDVA#poll-detail) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-sky-ecosystem-liquidity-bootstrapping-budget-a-5-6-1-9/25537) + +If this executive proposal passes, then **4 million USDS** will be transferred to the Sky Ecosystem Liquidity Bootstrapping multisig at [0xD8507ef0A59f37d15B5D7b630FA6EEa40CE4AFdD](https://etherscan.io/address/0xD8507ef0A59f37d15B5D7b630FA6EEa40CE4AFdD). + +To facilitate the transfer of USDS the following actions will occur: +- Transfer 4 million DAI from the [Surplus Buffer](https://manual.makerdao.com/parameter-index/core/param-system-surplus-buffer) to the [Pause Proxy](https://etherscan.io/address/0xbe8e3e3618f7474f8cb1d074a26affef007e98fb). +- Convert this DAI to USDS using the [DAI_USDS](https://etherscan.io/address/0x3225737a9Bbb6473CB4a45b7244ACa2BeFdB276A) converter. +- Transfer the resulting 4 million USDS to the destination address. + +### Integration Boost Funding + +- **Authorization**: [Governance Poll](https://vote.makerdao.com/polling/QmYHUDVA#poll-detail) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-integration-boost-budget-a-5-2-1-2/25536) + +If this executive proposal passes, then **3 million USDS** will be transferred to the Sky Ecosystem Integration Boost multisig at [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7). + +To facilitate the transfer of USDS the following actions will occur: +- Transfer 3 million DAI from the [Surplus Buffer](https://manual.makerdao.com/parameter-index/core/param-system-surplus-buffer) to the [Pause Proxy](https://etherscan.io/address/0xbe8e3e3618f7474f8cb1d074a26affef007e98fb). +- Convert this DAI to USDS using the [DAI_USDS](https://etherscan.io/address/0x3225737a9Bbb6473CB4a45b7244ACa2BeFdB276A) converter. +- Transfer the resulting 3 million USDS to the destination address. + +### SparkLend [Buffer](https://sky-atlas.powerhouse.io/A.3.8.1.3.1.4_Buffer_Definition/039d633f-bccf-492f-9c6d-c167e8b5a292|57eaf45219be9dbc3712) Increase + +- **Authorization**: [Governance Poll](https://vote.makerdao.com/polling/QmNTKFqG#poll-detail) +- **Proposal**: [Forum Post](https://forum.sky.money/t/14-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25466) + +If this executive proposal passes, then the DIRECT-SPARK-DAI [(`buffer`)](https://sky-atlas.powerhouse.io/A.3.8.1.3.1.4_Buffer_Definition/039d633f-bccf-492f-9c6d-c167e8b5a292|57eaf45219be9dbc3712) parameter on mainnet will be increased by 50 million DAI from 50 million DAI to **100 million DAI**. + +### Gelato Keeper Treasury Address Update + +- **Authorization**: [Forum Post](https://forum.sky.money/t/gelato-keeper-update/25456/3) +- **Proposal**: [Forum Post](https://forum.sky.money/t/gelato-keeper-update/25456) + +If this executive proposal passes, then the Gelato Keeper Treasury address will be updated to **[0x5041c60C75633F29DEb2AED79cB0A9ed79202415](https://etherscan.io/address/0x5041c60C75633F29DEb2AED79cB0A9ed79202415)**. + +### ConsolFreight (RWA-003) Debt Write-Off and Associated DAO Resolution Approval + +- **Authorization**: [Forum Post](https://forum.sky.money/t/consolfreight-rwa-003-cf4-drop-default/21745/22) +- **Proposal**: [Forum Post](https://forum.sky.money/t/consolfreight-rwa-003-cf4-drop-default/21745/21) + +If this executive proposal passes, then the following actions will take place. + +#### Debt Write-off + +If this executive proposal passes, the outstanding debt of the RWA-003 vault will be written off by calling `cull()` on the vault's oracle. Prior to this, `drip()` will be called on the Jug to ensure that all accrued interest is accounted for. This will reduce the Surplus Buffer to cover the outstanding debt of the vault. + +Please review this [forum post](https://forum.sky.money/t/consolfreight-rwa-003-cf4-drop-default/21745/21) from Steakhouse for the particulars of the events leading to this action. + +#### DAO Resolution Approval + +If this executive proposal passes, the DAO Resolution with the IPFS hash [QmX4DdVBiDBjLXYT4J4jC1XMdTn2Q7Ao8L66pKB8N3yETA](https://gateway.pinata.cloud/ipfs/QmX4DdVBiDBjLXYT4J4jC1XMdTn2Q7Ao8L66pKB8N3yETA) will be approved. + +This will authorize RWA Foundation to receive any recovered funds from ConsolFreight and to use them to fund operational expenses. + +### Facilitator Vesting Stream Creation + +- **Authorization**: [Atlas 1.6.2.4.1](https://sky-atlas.powerhouse.io/A.1.6.2.4.1_List_of_Facilitator_Budgets/c511460d-53df-47e9-a4a5-2e48a533315b|0db3343515519c4a) + +If this executive proposal passes, the following vesting streams will be created. + +Note that DssVestSuckable for USDS and DSSVestTransferrable for SKY are not yet available. As a result, short streams for equivalent values of DAI and MKR are used. It is hoped that by the end of January, when these streams expire, it will be possible to switch the streams for these budgets to USDS and SKY, as detailed in The Atlas. + +#### DAI Streams + +| Facilitator | Address | Amount (DAI) | Start Date | End Date | +|--------------|-----------------------------------------------------------------------------------------------------------------------|--------------|------------|------------| +| JanSky | [0xf3F868534FAD48EF5a228Fe78669cf242745a755](https://etherscan.io/address/0xf3F868534FAD48EF5a228Fe78669cf242745a755) | 168,000 | 2024-10-01 | 2025-01-31 | +| Endgame Edge | [0x9E72629dF4fcaA2c2F5813FbbDc55064345431b1](https://etherscan.io/address/0x9E72629dF4fcaA2c2F5813FbbDc55064345431b1) | 168,000 | 2024-10-01 | 2025-01-31 | +| Ecosystem | [0xFCa6e196c2ad557E64D9397e283C2AFe57344b75](https://etherscan.io/address/0xFCa6e196c2ad557E64D9397e283C2AFe57344b75) | 84,000 | 2024-12-01 | 2025-01-31 | + +#### MKR Streams + +| Facilitator | Address | Amount (MKR) | Start Date | End Date | +|--------------|-----------------------------------------------------------------------------------------------------------------------|--------------|------------|------------| +| JanSky | [0xf3F868534FAD48EF5a228Fe78669cf242745a755](https://etherscan.io/address/0xf3F868534FAD48EF5a228Fe78669cf242745a755) | 72.00 | 2024-10-01 | 2025-01-31 | +| Endgame Edge | [0x9E72629dF4fcaA2c2F5813FbbDc55064345431b1](https://etherscan.io/address/0x9E72629dF4fcaA2c2F5813FbbDc55064345431b1) | 72.00 | 2024-10-01 | 2025-01-31 | +| Ecosystem | [0xFCa6e196c2ad557E64D9397e283C2AFe57344b75](https://etherscan.io/address/0xFCa6e196c2ad557E64D9397e283C2AFe57344b75) | 36.00 | 2024-12-01 | 2025-01-31 | + +### Aligned Delegate Compensation for September 2024 + +- **Authorization**: [Atlas 1.5.8](https://sky-atlas.powerhouse.io/A.1.5.8_Budget_For_Prime_Delegate_Slots/e3e420fc-9b1f-4fdc-9983-fcebc45dd3aa%7C0db3af4ece0c) +- **Proposal**: [Forum Post](https://forum.sky.money/t/september-2024-aligned-delegate-compensation/25489) + +If this executive proposal passes, then a total of **308,548 DAI** and **87.09 MKR** will be distributed as Aligned Delegate compensation for September 2024, as detailed below. + +Note that these payments mark the transition to a new payment system. They are still denominated in DAI and MKR, the stated currencies in The Atlas at the time these payments were earned. These payments will empty out the now defunct DAI and MKR buffers and future payments will be made in USDS, as stated in the updated Atlas. + +#### DAI Payments + +| Delegate | Amount (DAI) | Address | +|-----------------|-----------------|-----------------------------------------------------------------------------------------------------------------------| +| JuliaChang | 109,168 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| Cloaky | 58,412 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | +| BLUE | 54,167 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Byteron | 34,517 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | +| vigilant | 16,155 | [0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61](https://etherscan.io/address/0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61) | +| Kohla (Cloaky) | 10,000 | [0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a](https://etherscan.io/address/0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a) | +| Ennoia (Cloaky) | 10,000 | [0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b](https://etherscan.io/address/0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b) | +| Bonapublica | 8,333 | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) | +| Rocky | 7,796 | [0xC31637BDA32a0811E39456A59022D2C386cb2C85](https://etherscan.io/address/0xC31637BDA32a0811E39456A59022D2C386cb2C85) | + +#### MKR Payments + +| Delegate | Amount (MKR) | Address | +|-------------|--------------|-----------------------------------------------------------------------------------------------------------------------| +| Cloaky | 29.25 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | +| JuliaChang | 28.75 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| BLUE | 13.75 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| Byteron | 9.68 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | +| vigilant | 2.43 | [0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61](https://etherscan.io/address/0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61) | +| Bonapublica | 2.06 | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) | +| Rocky | 1.17 | [0xC31637BDA32a0811E39456A59022D2C386cb2C85](https://etherscan.io/address/0xC31637BDA32a0811E39456A59022D2C386cb2C85) | + +### Spark Proxy Spell + +- **Authorization**: [Poll 1152](https://vote.makerdao.com/polling/QmQizL1F), [Poll 1153](https://vote.makerdao.com/polling/Qmbohkr5), [Poll 1155](https://vote.makerdao.com/polling/QmYqM8Yf), [Poll 1156](https://vote.makerdao.com/polling/QmXsXzot), [Poll 1157](https://vote.makerdao.com/polling/Qmf955yA) +- **Proposal**: [Forum Post](https://forum.sky.money/t/14-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25466) + +If this executive proposal passes, then the Spark Proxy Spell prepared by Phoenix Labs and reviewed by Wonderland and Certora at [0x8a3aaeAC45Cf3D76Cf82b0e4C63cCfa8c72BDCa7](https://etherscan.io/address/0x8a3aaeAC45Cf3D76Cf82b0e4C63cCfa8c72BDCa7) will be executed. The expected inclusions are: + +#### Spark Liquidity Layer Activation + +If this executive proposal passes, the Spark Liquidity Layer will be activated with the following parameters: + +##### Ethereum + +| Parameter | Max amount (tokens) | Slope (tokens/day) | +|--------------------------------|---------------------|--------------------| +| LIMIT_USDS_MINT | 4,000,000 | 2,000,000 | +| LIMIT_USDC_TO_CCTP_ETH | max. | 0 | +| LIMIT_USDS_TO_USDC | 4,000,000 | 2,000,000 | +| LIMIT_USDC_TO_DOMAIN (to Base) | 4,000,000 | 2,000,000 | + +##### Base + +| Parameter | Max amount (tokens) | Slope (tokens/day) | +|-----------------------------------|---------------------|--------------------| +| LIMIT_PSM_DEPOSIT_USDC | 4,000,000 | 2,000,000 | +| LIMIT_PSM_WITHDRAW_USDC | 7,000,000 | 2,000,000 | +| LIMIT_PSM_DEPOSIT_USDS | 5,000,000 | 2,000,000 | +| LIMIT_PSM_WITHDRAW_USDS | max. | 0 | +| LIMIT_PSM_DEPOSIT_SUSDS | 8,000,000 | 2,000,000 | +| LIMIT_PSM_WITHDRAW_SUSDS | max. | 0 | +| LIMIT_USDC_TO_DOMAIN (to mainnet) | 4,000,000 | 2,000,000 | +| LIMIT_USDC_TO_CCTP_BASE | max. | 0 | + +##### Offchain Parameters + +| Parameter | Value (tokens) | +|----------------------------|----------------| +| MAINNET_MIN_OPERATION_SIZE | 400,000 | +| BASE_MIN_OPERATION_SIZE | 400,000 | +| DEBT_CEILING_BUFFER | 10,000 | +| USDC_MIN_BALANCE_BASE | 800,000 | +| USDC_OPTIMAL_BALANCE_BASE | 800,000 | +| USDC_MAX_BALANCE_BASE | 800,000 | + +Please review the discussion [thread](https://forum.sky.money/t/14-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25466) to help inform your position before voting. + +For more information about the activation process and these parameters, please read the [_Spark ALM Planner Parameter Study_ forum post published by BA Labs](https://forum.sky.money/t/14-nov-2024-spark-alm-planner-parameter-study/25467). + +#### Update Morpho Vault Supply Caps + +If this executive proposal passes the following supply cap changes will be made: + +- Increase [PT-sUSDe-26Dec2024 91.5% pool](https://morpho.blockanalitica.com/ethereum/markets/e37784e5ff9c2795395c5a41a0cb7ae1da4a93d67bfdd8654b9ff86b3065941c) Supply Cap by 150 million DAI from 100 million DAI to **250 million DAI**. +- Increase [PT-sUSDe-27Mar2025 91.5% pool](https://morpho.blockanalitica.com/ethereum/markets/5e3e6b1e01c5708055548d82d01db741e37d03b948a7ef9f3d4b962648bcbfa7) Supply Cap by 100 million DAI from 100 million DAI to **200 million DAI**. + +#### SparkLend WBTC Parameter Update + +If this executive proposal passes the following parameter change will be made to the SparkLend WBTC market on mainnet: + +- Reduce WBTC [liquidation threshold](https://sky-atlas.powerhouse.io/#A.3.8.1.6.1.5_Liquidation_Threshold_Definition-9170a423-fba1-4fbe-83c4-f55f2510a9db|57eaf45219be608847d6) by 5% from 70% to **65%**. + +#### SparkLend ETH Market Interest Rate Model Adjustment + +If this executive proposal passes the following change will be made to the SparkLend ETH Market [Interest Rate Model](https://sky-atlas.powerhouse.io/#A.3.8.1.6.1.3_Interest_Rate_Model_Definition-83e3f4f2-5e8e-4383-95e5-3af1bfb19210|57eaf45219be608847d6) on mainnet: + +- Reduce the SparkLend Ethereum ETH [slope 1](https://sky-atlas.powerhouse.io/#A.3.8.1.6.1.15_Slope_1_Definition-20c3c3c3-432e-48ac-8336-86b8345f920e|57eaf45219be608847d6) spread parameter by 0.5% from 0% to **-0.5%**. + +#### SparkLend Increase wstETH Borrow Rate Limits + +If this executive proposal passes the following parameter changes will be made to the SparkLend wstETH borrow rate limits on mainnet: + +- Increase wstETH Borrow Cap [`max`](https://sky-atlas.powerhouse.io/#A.3.8.1.6.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806) parameter by 97,000 wstETH from 3,000 wstETH to **100,000 wstETH**. +- Increase wstETH Borrow Cap [`gap`](https://sky-atlas.powerhouse.io/#A.3.8.1.6.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806) parameter by 4,900 wstETH from 100 wstETH to **5,000 wstETH**. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.sky.money/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - November 28, 2024.md b/governance/votes/Executive vote - November 28, 2024.md new file mode 100644 index 000000000..16dea57c8 --- /dev/null +++ b/governance/votes/Executive vote - November 28, 2024.md @@ -0,0 +1,268 @@ +--- +title: Template - [Executive Vote] Aave Lido Market USDS DDM Parameters Adjustments, ALLOCATOR-SPARK-A DC-IAM Changes, Surplus Buffer Upper Limit Increase, Stability Fee Changes, Savings Rate Changes, GSM Delay Increase, Addition of ilks to the LineMom, Addition of Standby Spells to the Chainlog, Funding Disbursements, ESM Minimum Threshold Increase, AD and Atlas Core Development Compensation, Spark Proxy Spell - November 28, 2024 +summary: Increase Aave Lido Market USDS DDM line, change ALLOCATOR-SPARK-A DC-IAM parameters, increase Surplus Buffer Upper Limit, change multiple Stability Fees, increase DSR and SSR, increase GSM Delay, add ilks to the LineMom, add Standby Spells and Standby Spell Factories to the Chainlog, distribute funding for the Launch Project, the Sky Ecosystem Liquidity Bootstrapping, and the Integration Boost, increase ESM Minimum Threshold, payout AD compensation for October 2024, make Atlas Core Development payments, execute Spark Proxy Spell. +date: 2024-11-28T00:00:00.000Z +address: "0xA514b7f3540d23Aec41725096A302a718EBe5F71" + +--- +# [Executive Vote] Aave Lido Market USDS DDM Parameters Adjustments, ALLOCATOR-SPARK-A DC-IAM Changes, Surplus Buffer Upper Limit Increase, Stability Fee Changes, Savings Rate Changes, GSM Delay Increase, Addition of ilks to the LineMom, Addition of Standby Spells to the Chainlog, Funding Disbursements, ESM Minimum Threshold Increase, AD and Atlas Core Development Compensation, Spark Proxy Spell - November 28, 2024 + +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- The Aave Lido Market USDS Direct Deposit Module (DDM) line will be increased. +- The ALLOCATOR-SPARK-A [Debt Ceiling Instant Access Module (DC-IAM)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4_Debt_Ceiling_Instant_Access_Module_(DC_IAM)-071d42e3-8a21-4401-852e-0b52c49768bb|57eaf45219bea3b430c2) parameters will be changed. +- The [Surplus Buffer Upper Limit (`vow.hump`)](https://sky-atlas.powerhouse.io/A.3.5.1_Surplus_Buffer_Splitter_Parameters/122f2ff0-8d73-80f8-9a2a-d221794f73f5%7C57ea2c54) will be increased. +- The [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for multiple vault types will be changed, as itemized below. +- The [Savings Rates (DSR and SSR)](https://sky-atlas.powerhouse.io/A.4.3.1_Savings_Rates/5586fe33-b0af-41f0-9629-b1716c7c0967%7Cb3417d54) will be increased. +- The [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.8.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) will be increased. +- Seven ilks will be added to the [`LineMom`](https://github.com/makerdao/line-mom/tree/master). +- [Four Standby Spell factories and three Global/Multi-ilk Standby Spells](https://github.com/makerdao/dss-emergency-spells) will be added to the Chainlog. +- A total of **19 million USDS** and **24 million SKY** will be distributed to fund the Launch Project, the Sky Ecosystem Liquidity Boostrapping budget, and the Integration Boost budget. +- The [Emergency Shutdown Module (ESM)](https://docs.makerdao.com/smart-contract-modules/shutdown/emergency-shutdown-module) minimum threshold (`min`) will be increased. +- A total of **20,701 USDS** will be distributed to seven Aligned Delegates as compensation for October 2024, as itemized below. +- A total of **90,277 USDS** and **330,000 SKY** will be distributed to three Atlas Core Development key contributors, as itemized below. +- A Spark Proxy spell will be triggered. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**16 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### Aave Lido Market USDS Direct Deposit Module (DDM) Parameter Adjustment + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25543/3), [Poll 1160](https://vote.makerdao.com/polling/QmabCDcn) +- **Proposal**: [Forum Post](https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25543) + +If this executive proposal passes, then the [Maximum Debt Ceiling (`line`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.3_Maximum_Debt_Ceiling_Definition-e4a0d8f1-4a01-46a7-b693-a94e7f4afc1a|57ea599773d45150b2632df9) for the Aave Lido Market USDS DDM (DIRECT-SPK-AAVE-LIDO-USDS) will be increased by 100 million USDS from 100 million USDS to **200 million USDS**. + + +### ALLOCATOR-SPARK-A DC-IAM Changes + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell-amendments/25575/3), [Poll 1165](https://vote.makerdao.com/polling/QmcNd4mH) +- **Proposal**: [Forum Post](https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell-amendments/25575) + +If this executive proposal passes, then the [ALLOCATOR-SPARK-A](https://makerburn.com/#/collateral/ALLOCATOR-SPARK-A) [Debt Ceiling Instant Access Module (DC-IAM)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4_Debt_Ceiling_Instant_Access_Module_(DC_IAM)-071d42e3-8a21-4401-852e-0b52c49768bb|57eaf45219bea3b430c2) parameters will be changed as follows: + +- Increase DC-IAM [Target Available Debt (`gap`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.4_Target_Available_Debt_Definition-b876ecf4-a901-4721-9c4b-9f2fc21f954c|57ea599773d45150b2632df9) by 90 million USDS from 10 million USDS to **100 million USDS**. +- Increase DC-IAM [Maximum Debt Ceiling (`line`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.3_Maximum_Debt_Ceiling_Definition-e4a0d8f1-4a01-46a7-b693-a94e7f4afc1a|57ea599773d45150b2632df9) by 90 million USDS from 10 million USDS to **100 million USDS**. +- The [Ceiling Increase Cooldown (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.5_Ceiling_Increase_Cooldown_Definition-3d5980c5-7036-4b68-93e0-a48551fe09ed|57ea599773d45150b2632df9) will remain unchanged at **24 hours**. + +### Surplus Buffer Upper Limit Increase + +- **Authorization**: [Poll 1159](https://vote.makerdao.com/polling/QmZfYrR7) +- **Proposal**: [Forum Post](https://forum.sky.money/t/weekly-atlas-edit-proposal-week-of-2024-11-18-0/25552) + +If this executive proposal passes, then the [Surplus Buffer Upper Limit (`vow.hump`)](https://sky-atlas.powerhouse.io/A.3.5.1_Surplus_Buffer_Splitter_Parameters/122f2ff0-8d73-80f8-9a2a-d221794f73f5%7C57ea2c54) will be increased by 60 million DAI from 60 million DAI to **120 million DAI**. + + +### Stability Fee Changes + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/stability-scope-parameter-changes-18-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25593/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/stability-scope-parameter-changes-18-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25593) + +If this executive proposal passes, then the [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) (SF) for the vault types listed below will be changed as follows: + +- Increase ETH-A SF by 1 percentage point from 8.25% to **9.25%** +- Increase ETH-B SF by 1 percentage point from 8.75% to **9.75%** +- Increase ETH-C SF by 1 percentage point from 8.00% to **9.00%** +- Increase WSTETH-A SF by 1 percentage point from 9.25% to **10.25%** +- Increase WSTETH-B SF by 1 percentage point from 9.00% to **10.00%** +- Increase WBTC-A SF by 1 percentage point from 11.25% to **12.25%** +- Increase WBTC-B SF by 1 percentage point from 11.75% to **12.75%** +- Increase WBTC-C SF by 1 percentage point from 11.00% to **12.00%** +- Increase ALLOCATOR-SPARK-A SF by 4.11 percentage points from 5.20% to **9.31%** + +### Savings Rate Changes + +- **Authorization**: [Ecosystem Approval](http://forum.sky.money/t/stability-scope-parameter-changes-18-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25593/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/stability-scope-parameter-changes-18-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25593) + +If this executive proposal passes, the then following savings rates changes will take place: + +- Increase the [Dai Savings Rate (DSR)](https://sky-atlas.powerhouse.io/A.3.2.2.2_Dai_Savings_Rate/8e289e71-7ec5-4ce5-8d4d-41aab7a50f53|57eab733e951) by 1 percentage point from 7.50% to **8.50%**. +- Increase the [Sky Savings Rate (SSR)](https://sky-atlas.powerhouse.io/A.3.2.2.3_Sky_Savings_Rate/73d91126-21c9-4e8a-bedf-8a51a432bb59|57eab733e951) by 1 percentage point from 8.50% to **9.50%**. + +### GSM Pause Delay Increase + +- **Authorization**: [Governance Facilitator Approval](https://forum.sky.money/t/november-28th-spell-parameter-proposal-esm-threshold-gsm-delay-increase/25579/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/november-28th-spell-parameter-proposal-esm-threshold-gsm-delay-increase/25579) + +If this executive proposal passes, then the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.8.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) will be increased by 14 hours from 16 hours to **30 hours**. + + + +### Addition of ilks to the `LineMom` + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/standby-spells-for-sky-emergency-response/25594/4) +- **Proposal**: [Forum Post](https://forum.sky.money/t/standby-spells-for-sky-emergency-response/25594/2) + +If this executive proposal passes, then the following ilks will be added to the [`LineMom`](https://github.com/makerdao/line-mom/tree/master), allowing the [Standby Spells](https://github.com/makerdao/dss-emergency-spells) to affect them: + +- [ALLOCATOR-SPARK-A](https://makerburn.com/#/collateral/ALLOCATOR-SPARK-A) +- [RWA001-A](https://makerburn.com/#/collateral/RWA001-A) +- [RWA002-A](https://makerburn.com/#/collateral/RWA002-A) +- [RWA009-A](https://makerburn.com/#/collateral/RWA009-A) +- [RWA012-A](https://makerburn.com/#/collateral/RWA012-A) +- [RWA013-A](https://makerburn.com/#/collateral/RWA013-A) +- [RWA015-A](https://makerburn.com/#/collateral/RWA015-A) + +### Addition of Standby Spells to the Chainlog + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/standby-spells-for-sky-emergency-response/25594/4) +- **Proposal**: [Forum Post](https://forum.sky.money/t/standby-spells-for-sky-emergency-response/25594) + +[Standby Spells](https://github.com/makerdao/dss-emergency-spells) are reusable pre-deployed spells that bypass the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.8.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) when executed, so that their effects are immediate. + +You can read an introduction to them on [this November 25, 2024 forum post](https://forum.sky.money/t/standby-spells-for-sky-emergency-response/25594) by a Governance Facilitator. For detailed technical information, please visit the [GitHub repository at GitHub - makerdao/dss-emergency-spells: Emergency Spells for MakerDAO](https://github.com/makerdao/dss-emergency-spells). + +Each Standby Spell is capable of some single action. Standby Spells that trigger some action on _all_ ilks susceptible to having the action applied to them are called _Global/Multi-Ilk Standby Spells_; Standby Spells that trigger some action on _some single_ ilk are called _Single-Ilk Standby Spells_. + +If this executive proposal passes, then the following _Standby Spell Factories_ (i.e., contracts capable of spawning Single-Ilk Standby Spells for some action) and _Global/Multi-Ilk Standby Spells_ will be added to the [Chainlog](https://chainlog.sky.money). + +#### Standby Spell Factories + +| Name | Action of Standby Spells Spawned | Chainlog Key | Address | +|---|---|---|---| +| SingleClipBreakerFactory | [Set Clip Breaker](https://github.com/makerdao/dss-emergency-spells#set-clip-breaker) | EMSP_CLIP_BREAKER_FAB | [0xd7321d0919573a33f9147fd2579a48f60237564a](https://etherscan.io/address/0xd7321d0919573a33f9147fd2579a48f60237564a) | +| SingleDdmDisableFactory | [Disable DDM](https://github.com/makerdao/dss-emergency-spells#disable-ddm) | EMSP_DDM_DISABLE_FAB | [0x8BA0f6C4009Ea915706e1bCfB1d879E34587dC69](https://etherscan.io/address/0x8BA0f6C4009Ea915706e1bCfB1d879E34587dC69) | +| SingleLineWipeFactory | [Wipe `line`](https://github.com/makerdao/dss-emergency-spells#wipe-line) | EMSP_LINE_WIPE_FAB | [0xA649730fA92695096b7C49DBae682995F8906684](https://etherscan.io/address/0xA649730fA92695096b7C49DBae682995F8906684) | +| SingleOsmStopFactory | [Stop OSM](https://github.com/makerdao/dss-emergency-spells#stop-osm) | EMSP_OSM_STOP_FAB | [0x83211c74131bA2B3de7538f588f1c2f309e81eF0](https://etherscan.io/address/0x83211c74131bA2B3de7538f588f1c2f309e81eF0) | + +#### Global/Multi-ilk Standby Spells + +| Name | Action | Chainlog Key | Address | +|---|---|---|---| +| MultiClipBreakerSpell | [Set Clip Breaker](https://github.com/makerdao/dss-emergency-spells#set-clip-breaker) | EMSP_GLOBAL_CLIP_BREAKER | [0x828824dBC62Fba126C76E0Abe79AE28E5393C2cb](https://etherscan.io/address/0x828824dBC62Fba126C76E0Abe79AE28E5393C2cb) | +| MultiLineWipeSpell | [Wipe `line`](https://github.com/makerdao/dss-emergency-spells#wipe-line) | EMSP_GLOBAL_LINE_WIPE | [0x4B5f856B59448304585C2AA009802A16946DDb0f](https://etherscan.io/address/0x4B5f856B59448304585C2AA009802A16946DDb0f) | +| MultiOsmStopSpell | [Stop OSM](https://github.com/makerdao/dss-emergency-spells#stop-osm) | EMSP_GLOBAL_OSM_STOP | [0x3021dEdB0bC677F43A23Fcd1dE91A07e5195BaE8](https://etherscan.io/address/0x3021dEdB0bC677F43A23Fcd1dE91A07e5195BaE8) | + +### Launch Project Funding + +- **Authorization**: [Atlas A.5.6](https://sky-atlas.powerhouse.io/A.5.6_Launch_Project/1f433d9d-7cdb-406f-b7e8-f9bc4855eb77%7C8d5a) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/26) + +If this executive proposal passes, then the following Launch Project funding distributions will be made: + +- Transfer **10 million USDS** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). +- Transfer **24 million SKY** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). + +### Sky Ecosystem Liquidity Bootstrapping + +- **Authorization**: [Poll 1158](https://vote.makerdao.com/polling/QmYHUDVA) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-sky-ecosystem-liquidity-bootstrapping-budget-a-5-6-1-9/25537/2) + +If this executive proposal passes, then the following Sky Ecosystem Liquidity Bootstrapping funding distribution will be made: + +- Transfer **6 million USDS** to [0xD8507ef0A59f37d15B5D7b630FA6EEa40CE4AFdD](https://etherscan.io/address/0xD8507ef0A59f37d15B5D7b630FA6EEa40CE4AFdD). + +### Integration Boost Funding + +- **Authorization**: [Poll 1158](https://vote.makerdao.com/polling/QmYHUDVA) +- **Proposal**: [Forum Post](https://forum.sky.money/t/utilization-of-the-integration-boost-budget-a-5-2-1-2/25536/2) + +If this executive proposal passes, then the following Integration Boost funding distribution will be made: + +- Transfer **3 million USDS** to [0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7](https://etherscan.io/address/0xD6891d1DFFDA6B0B1aF3524018a1eE2E608785F7). + +### ESM Minimum Threshold Increase + +- **Authorization**: [Governance Facilitator Authorization](https://forum.sky.money/t/november-28th-spell-parameter-proposal-esm-threshold-gsm-delay-increase/25579/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/november-28th-spell-parameter-proposal-esm-threshold-gsm-delay-increase/25579) + +If this executive proposal passes, then the [Emergency Shutdown Module (ESM)](https://docs.makerdao.com/smart-contract-modules/shutdown/emergency-shutdown-module) [Minimum Threshold (`min`)](https://manual.makerdao.com/module-index/module-emergency-shutdown#minimum-threshold-min) will be increased by 200,000 MKR from 300,000 MKR to **500,000 MKR**. + + +### Aligned Delegate Compensation for October 2024 + +- **Authorization**: [Atlas A.1.5.8](https://sky-atlas.powerhouse.io/A.1.5.8_Budget_For_Prime_Delegate_Slots/e3e420fc-9b1f-4fdc-9983-fcebc45dd3aa%7C0db3af4ece0c) +- **Proposal**: [Forum Post](https://forum.sky.money/t/october-2024-aligned-delegate-compensation/25581) + +If this executive proposal passes, then a total of **20,701 USDS** will be distributed to six Aligned Delegates and their teams as compensation for October 2024. + +| Delegate | Amount (USDS) | Address | +|---|---|---| +| BLUE | 2,968 | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| BONAPUBLICA | 4,000 | [0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3](https://etherscan.io/address/0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3) | +| Byteron | 1,733 | [0xc2982e72D060cab2387Dba96b846acb8c96EfF66](https://etherscan.io/address/0xc2982e72D060cab2387Dba96b846acb8c96EfF66) | +| Cloaky | 4,000 | [0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818](https://etherscan.io/address/0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818) | +| JuliaChang | 4,000 | [0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7](https://etherscan.io/address/0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7) | +| Vigilant | 4,000 | [0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61](https://etherscan.io/address/0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61) | + + +### Atlas Core Development Payment to Key Atlas Contributors + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/atlas-core-development-payment-requests-november-2024/25580/8), Atlas Axis Authorizations [1](https://forum.sky.money/t/atlas-core-development-payment-requests-november-2024/25580/4), [2](https://forum.sky.money/t/atlas-core-development-payment-requests-november-2024/25580/6) +- **Proposal**: [Forum Post](https://forum.sky.money/t/atlas-core-development-payment-requests-november-2024/25580) + +If this executive proposal passes, then a total of **90,277 USDS** and **330,000 SKY** will be distributed to three Atlas Core Development key contributors. + +| Contributor | Amount | Address | +|---|---|---| +| Kohla (Cloaky) | 20,000 USDS | [0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a](https://etherscan.io/address/0x73dFC091Ad77c03F2809204fCF03C0b9dccf8c7a) | +| Ennoia (Cloaky) | 20,110 USDS | [0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b](https://etherscan.io/address/0xA7364a1738D0bB7D1911318Ca3FB3779A8A58D7b) | +| BLUE | 50,167 USDS | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | +| BLUE | 330,000 SKY | [0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf](https://etherscan.io/address/0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf) | + +### Spark Proxy Spell + +- **Authorization**: [Ecosystem Authorization](https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25543/3), [Ecosystem Authorization](https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell-amendments/25575/3), [Ecosystem Authorization](https://forum.sky.money/t/stability-scope-parameter-changes-18-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25593/2), Governance Polls [1](https://vote.makerdao.com/polling/QmSxJJ6Z), [2](https://vote.makerdao.com/polling/QmaxFZfF), [3](https://vote.makerdao.com/polling/QmWUkstV), [4](https://vote.makerdao.com/polling/QmQ2Umfm), [5](https://vote.makerdao.com/polling/QmcNd4mH) +- **Proposal**: [Forum Post](https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell/25543), [Forum Post](https://forum.sky.money/t/28-nov-2024-proposed-changes-to-spark-for-upcoming-spell-amendments/25575) + +If this executive proposal passes, then a Spark Proxy Spell will be executed at [0x6c87D984689CeD0bB367A58722aC74013F82267d](https://etherscan.io/address/0x6c87D984689CeD0bB367A58722aC74013F82267d) with the following contents. + +#### [Mainnet] Spark Effective DAI Borrow Rate Increase + +- Increase the Spark Effective DAI Borrow Rate by ~1 percentage point, from ~8.5% to **~9.5%**. + +#### [Mainnet] Adjust SparkLend Parameters for [WBTC](https://spark.blockanalitica.com/v1/ethereum/markets/WBTC/risk) + +- Reduce SparkLend WBTC [liquidation threshold](https://sky-atlas.powerhouse.io/#A.3.8.1.6.1.5_Liquidation_Threshold_Definition-9170a423-fba1-4fbe-83c4-f55f2510a9db%7C57eaf45219be608847d6) by 5 percentage points from 65% to **60%**. + +#### [Mainnet] Adjust SparkLend Parameters for [cbBTC](https://spark.blockanalitica.com/v1/ethereum/markets/cbBTC/risk) + +- Increase cbBTC [liquidation threshold](https://sky-atlas.powerhouse.io/#A.3.8.1.6.1.5_Liquidation_Threshold_Definition-9170a423-fba1-4fbe-83c4-f55f2510a9db|57eaf45219be608847d6) by 5 percentage points from 70% to **75%**. +- Increase cbBTC [maximum LTV](https://sky-atlas.powerhouse.io/A.3.8.1.6.1.4_LTV_Definition/e5d19de9-0eb7-4572-857c-e83d91d92c88%7C57eaf45219be608847d6) by 9 percentage points from 65% to **74%**. + +#### [Mainnet] Onboard PT-USDe-27Mar2025 to Morpho Spark DAI Vault and Adjust PT-sUSDe-27Mar2025 Pool Parameters + +- Onboard [PT-USDe-27Mar2025](https://morpho.blockanalitica.com/ethereum/markets/ab0dcab71e65c05b7f241ea79a33452c87e62db387129e4abe15e458d433e4d8) to Morpho Spark DAI Vault with the configurations that follow: + - Pool LLTV: **91.5%** + - Oracle discount rate: **20%** + - Supply cap: **100 million DAI** + +- Increase [PT-sUSDe-27Mar2025](https://morpho.blockanalitica.com/ethereum/markets/5e3e6b1e01c5708055548d82d01db741e37d03b948a7ef9f3d4b962648bcbfa7) pool supply cap by 200 million DAI, from 200 million DAI to **400 million DAI**. + +#### [Base] Corrections to Base Executor Configuration + +- Update the following parameters for [Spark Governance on Base](https://basescan.org/address/0xF93B7122450A50AF3e5A76E1d546e95Ac1d0F579#readContract): + - Decrease the `delay` parameter from 100 seconds to **0 seconds**. + - Increase the `gracePeriod` parameter from 1,000 seconds to **604,800 seconds (7 days)**. + +#### Provision Liquidity to Base ALM Proxy + +- Increase the amount of sUSDS available on Base by **90 million sUSDS**. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - October 04, 2024.md b/governance/votes/Executive vote - October 04, 2024.md new file mode 100644 index 000000000..8e2e9069c --- /dev/null +++ b/governance/votes/Executive vote - October 04, 2024.md @@ -0,0 +1,158 @@ +--- +title: Template - [Executive Vote] Stability Scope Parameter Changes, LITE-PSM-USDC-A Phase 3 (Final) Setup, Aave Lido Market Spark USDS DDM Activation, WBTC Legacy Vaults Parameter Changes - October 4, 2024 +summary: Stability Fee changes, Dai Savings Rate changes, Sky Savings Rate changes, final LITE-PSM-USDC-A migration actions, Aave Lido Market Spark USDS DDM activation, WBTC legacy vaults liquidation parameter changes. +date: 2024-10-04T00:00:00.000Z +address: "0x1a0C39D0dBd66956BAfb347f91F55DA1Da2B8F80" + +--- +# [Executive Proposal] Stability Scope Parameter Changes, LITE-PSM-USDC-A Phase 3 (Final) Setup, Aave Lido Market Spark USDS DDM Activation, WBTC Legacy Vaults Parameter Changes - October 4, 2024 + +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- Stability Scope Parameter Changes: + - WBTC Vault [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) will be increased. + - [DAI Savings Rate](https://sky-atlas.powerhouse.io/#A.3.2.2.2_Dai_Savings_Rate-8e289e71-7ec5-4ce5-8d4d-41aab7a50f53|57eab733e951) and [SKY Savings Rate](https://sky-atlas.powerhouse.io/#A.3.2.2.3_Sky_Savings_Rate-73d91126-21c9-4e8a-bedf-8a51a432bb59|57eab733e951) will be changed. +- The final LITE-PSM-USDC-A migration actions (Phase 3) will be executed. +- The Aave Lido Market Spark USDS Direct Deposit Module (DDM) will be activated. +- WBTC-A, WBTC-B, and WBTC-C liquidation parameters will be updated. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**16 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### Stability Scope Parameter Changes + +- **Authorization**: [Ecosystem Approval](http://forum.sky.money/t/stability-scope-parameter-changes-16-sfs-ssr-dsr-spark-effective-dai-borrow-rate-changes/25257/2) +- **Proposal**: [Forum Post](https://forum.sky.money/t/stability-scope-parameter-changes-16-sfs-ssr-dsr-spark-effective-dai-borrow-rate-changes/25257) + +If this executive proposal passes, then the following [Stability Fee (SF)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232%7C57eaf45219bea3b430c2), [Dai Savings Rate (DSR)](https://sky-atlas.powerhouse.io/#A.3.2.2.2_Dai_Savings_Rate-8e289e71-7ec5-4ce5-8d4d-41aab7a50f53|57eab733e951), and [Sky Savings Rate (SSR)](https://sky-atlas.powerhouse.io/#A.3.2.2.3_Sky_Savings_Rate-73d91126-21c9-4e8a-bedf-8a51a432bb59|57eab733e951) changes will take place as described below. + +#### Stability Fee Increases + +- Increase WBTC-A SF by 1.5 percentage points from 7.75% to **9.25%**. +- Increase WBTC-B SF by 1.5 percentage points from 8.25% to **9.75%**. +- Increase WBTC-C SF by 1.5 percentage points from 7.5% to **9%**. + +#### DSR and SSR Changes + +- Decrease DSR by 0.5 percentage points from 6% to **5.5%**. +- Increase SSR by 0.25 percentage points from 6.25% to **6.5%**. + +The current Spark DAI market [Interest Rate Model (IRM)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.3_Interest_Rate_Model_Definition-83e3f4f2-5e8e-4383-95e5-3af1bfb19210|57eaf45219be608847d6) is tied to the DSR. Consequently, the 50 basis point reduction in DSR will result in an approximate, but not exact, 50 basis point decrease in the Effective DAI Borrow Rate on SparkLend. + +### LITE-PSM-USDC-A Migration Phase 3 + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-3-final-migration-proposed-parameters/25183/2), [Poll 1143](https://vote.makerdao.com/polling/QmRjrFYG) +- **Proposal**: [Forum Post](https://forum.sky.money/t/lite-psm-usdc-a-phase-3-final-migration-proposed-parameters/25183) + +If this executive proposal passes, then the [third and final set of actions](https://forum.sky.money/t/lite-psm-usdc-a-phase-3-final-migration-proposed-parameters/25183) in the [migration process from USDC-PSM-A to LITE-PSM-USDC-A](https://forum.sky.money/t/litepsm-lite-psm-usdc-a-introduction-and-overview/24512) will be executed. This set of actions comprises the following: + +- Update PSM-USDC-A fees. +- Migrate all remaining USDC reserves from PSM-USDC-A to LITE-PSM-USDC-A. +- Remove PSM-USDC-A from the [Debt Ceiling Instant Access Module (DC-IAM)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4_Debt_Ceiling_Instant_Access_Module_(DC_IAM)-071d42e3-8a21-4401-852e-0b52c49768bb|57eaf45219bea3b430c2). +- Increase the [LITE-PSM-USDC-A Buffer (`buf`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.6_Buffer_Definition-cf8e3d20-fffa-4b6a-9bf2-169d493c3638|57ea599773d45150b2632df9). +- Update the LITE-PSM-USDC-A [DC-IAM](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4_Debt_Ceiling_Instant_Access_Module_(DC_IAM)-071d42e3-8a21-4401-852e-0b52c49768bb|57eaf45219bea3b430c2) parameters. + +These actions are described below. + +#### PSM-USDC-A Fee Update + +- Decrease [Fee In (`tin`)](https://manual.makerdao.com/module-index/module-psm#fee-in-tin) by 0.01 percentage points from 0.01% to **0%**. +- Decrease [Fee Out (`tout`)](https://manual.makerdao.com/module-index/module-psm#fee-out-tout) by 0.01 percentage points from 0.01% to **0%**. + +#### Remaining USDC Migration + +The remaining USDC in [PSM-USDC-A](https://makerburn.com/#/collateral/PSM-USDC-A) will be migrated to [LITE-PSM-USDC-A](https://makerburn.com/#/collateral/LITE-PSM-USDC-A) through a script executed in the spell. + +#### PSM-USDC-A DC-IAM Update + +- Remove PSM-USDC-A from the [Debt Ceiling Instant Access Module (DC-IAM)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4_Debt_Ceiling_Instant_Access_Module_(DC_IAM)-071d42e3-8a21-4401-852e-0b52c49768bb|57eaf45219bea3b430c2). +- Set PSM-USDC-A [Maximum Debt Ceiling (`line`)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4.1_Maximum_Debt_Ceiling_(line)-6f1a913d-9436-4b70-816b-e317672737d6|57eaf45219bea3b430c268bb) to **0 DAI**. + +#### LITE-PSM-USDC-A Buffer Increase + +- Increase the [LITE-PSM-USDC-A Buffer (`buf`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.6_Buffer_Definition-cf8e3d20-fffa-4b6a-9bf2-169d493c3638|57ea599773d45150b2632df9) by 200 million DAI from 200 million DAI to **400 million DAI**. + +#### LITE-PSM-USDC-A DC-IAM Update + +- Increase the [Maximum Debt Ceiling (`line`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.3_Maximum_Debt_Ceiling_Definition-e4a0d8f1-4a01-46a7-b693-a94e7f4afc1a|57ea599773d45150b2632df9) by 2.5 billion DAI from 7.5 billion DAI to **10 billion DAI**. +- Increase the [Target Available Debt (`gap`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.4_Target_Available_Debt_Definition-b876ecf4-a901-4721-9c4b-9f2fc21f954c|57ea599773d45150b2632df9) by 200 million DAI from 200 million DAI to **400 million DAI**. +- Keep the [Ceiling Increase Cooldown (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.5_Ceiling_Increase_Cooldown_Definition-3d5980c5-7036-4b68-93e0-a48551fe09ed|57ea599773d45150b2632df9) unchanged at **12 hours**. + +### Aave Lido Market Spark USDS Direct Deposit Module (DDM) Activation + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/risk-assessment-and-parameter-recommendations-spark-ddm-to-aave-lido-market/25175/2) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/risk-assessment-and-parameter-recommendations-spark-ddm-to-aave-lido-market/25175) + +If this executive proposal passes, then the Aave Lido Market Spark USDS DDM will be activated by executing the following actions: + +- Add new ilk as DIRECT-SPK-AAVE-LIDO-USDS. +- Set up the DDM DC-IAM. +- Set up the DDM addresses. +- Extend the [DIRECT_MOM Breaker](https://sky-atlas.powerhouse.io/#A.1.8.2.2.5_Direct_Deposit_Breaker_Exception-c240d4fa-ab20-4787-8dbf-7c94c8e78347%7C0db30758e055352c) to include the new DDM. + +These actions are further described below. + +#### New ilk Addition + +A new ilk will be added as DIRECT-SPK-AAVE-LIDO-USDS. + +#### Aave Lido Market Spark USDS DDM Setup + +- [Maximum Debt Ceiling (`line`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.3_Maximum_Debt_Ceiling_Definition-e4a0d8f1-4a01-46a7-b693-a94e7f4afc1a|57ea599773d45150b2632df9): **100 million USDS**. +- [Target Available Debt (`gap`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.4_Target_Available_Debt_Definition-b876ecf4-a901-4721-9c4b-9f2fc21f954c|57ea599773d45150b2632df9): **50 million USDS**. +- [Ceiling Increase Cooldown (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.4.1.5.1.1.5_Ceiling_Increase_Cooldown_Definition-3d5980c5-7036-4b68-93e0-a48551fe09ed|57ea599773d45150b2632df9): 24 hours. +- Debt Write-off Timelock (`tau`) (Defines the time to elapse before debt can be written off after a DDM has been caged): **7 days**. + +#### DDM Addresses Setup + +- oracle: D3MOracle at [0x9dB0EB29c2819f9AE0A91A6E6f644C35a7493E9b](https://etherscan.io/address/0x9dB0EB29c2819f9AE0A91A6E6f644C35a7493E9b) +- plan: [D3MOperatorPlan](https://github.com/makerdao/dss-direct-deposit/blob/master/src/plans/D3MOperatorPlan.sol) at [0xea2abB24bF40ac97746AFf6daCA0BBF885014b31](https://etherscan.io/address/0xea2abB24bF40ac97746AFf6daCA0BBF885014b31) +- pool: [D3MAaveV3USDSNoSupplyCapTypePool](https://github.com/makerdao/dss-direct-deposit/blob/master/src/pools/D3MAaveV3USDSNoSupplyCapTypePool.sol) at [0xbf674d0cD6841C1d7f9b8E809B967B3C5E867653](https://etherscan.io/address/0xbf674d0cD6841C1d7f9b8E809B967B3C5E867653) +- aToken: [0x09AA30b182488f769a9824F15E6Ce58591Da4781](https://etherscan.io/address/0x09aa30b182488f769a9824f15e6ce58591da4781) +- operator: [0x298b375f24CeDb45e936D7e21d6Eb05e344adFb5](https://etherscan.io/address/0x298b375f24cedb45e936d7e21d6eb05e344adfb5) +- stabledebt address: [0x779dB175167C60c2B2193Be6B8d8B3602435e89E](https://etherscan.io/address/0x779db175167c60c2b2193be6b8d8b3602435e89e) +- variabledebt address: [0x2D9fe18b6c35FE439cC15D932cc5C943bf2d901E](https://etherscan.io/address/0x2d9fe18b6c35fe439cc15d932cc5c943bf2d901e) + +#### DIRECT_MOM Breaker Extension + +If this executive proposal passes, then the [DIRECT_MOM Breaker](https://sky-atlas.powerhouse.io/#A.1.8.2.2.5_Direct_Deposit_Breaker_Exception-c240d4fa-ab20-4787-8dbf-7c94c8e78347%7C0db30758e055352c) will be extended to include the Aave Lido Market Spark USDS DDM, enabling governance to deactivate vault functionality through an executive spell without waiting for the GSM Pause Delay. + +### WBTC Legacy Vault Parameter Changes + +- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/52) +- **Proposal**: [Forum Post](https://forum.sky.money/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/48) + +If this executive proposal passes, then the following WBTC risk mitigation actions will be executed on WBTC Legacy Vaults: + +- Decrease [Liquidation Penalty (`chop`)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.7_Liquidation_Penalty_(chop)-5295aa1f-3944-4fde-aaec-d999244b57e9|57eaf45219bea3b430c2a59a) for WBTC-A, WBTC-B, and WBTC-C from 13% to **0%**. +- Increase WBTC-A [Liquidation Ratio](https://manual.makerdao.com/parameter-index/vault-risk/param-liquidation-ratio) using the [Linear Interpolation (LERP)](https://manual.makerdao.com/module-index/module-lerp) module by 5 percentage points from 145% to **150%** over **6 days**. +- Increase WBTC-B [Liquidation Ratio](https://manual.makerdao.com/parameter-index/vault-risk/param-liquidation-ratio) using the [Linear Interpolation (LERP)](https://manual.makerdao.com/module-index/module-lerp) module by 20 percentage points from 130% to **150%** over **6 days**. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.sky.money/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - October 17, 2024.md b/governance/votes/Executive vote - October 17, 2024.md new file mode 100644 index 000000000..c0bb28d5d --- /dev/null +++ b/governance/votes/Executive vote - October 17, 2024.md @@ -0,0 +1,288 @@ +--- +title: Template - [Executive Vote] Seal Engine Initialization, RWA Vault Debt Ceiling Housekeeping, Pinwheel DAO Resolution, Aave-SparkLend Revenue Share Payment for Q3 2024, Spark Proxy Spell - October 17, 2024 +summary: Initialize the Seal Engine, fund the Multisig responsible for distributing Early Bird Rewards, reduce debt ceilings of deprecated RWA vaults, approve DAO Resolution for Pinwheel, transfer payment for the Aave-SparkLend Revenue Share for Q3 2024, execute a Spark Proxy Spell. +date: 2024-10-17T00:00:00.000Z +address: "0xACA9a90C92647e3d3f04095118192DC80C470955" + +--- +# [Executive Proposal] Seal Engine Initialization, RWA Vault Debt Ceiling Housekeeping, Pinwheel DAO Resolution, Aave Revenue Share Payment, Spark Proxy Spell - October 17, 2024 + +The Governance Facilitators, Sidestream, and Dewiz have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: +- The Seal Engine will be initialized. This requires a number of sub-actions: + - Activate a new MKROSM. + - Activate a new VoteDelegateFactory contract. + - Initialize the Seal Engine farm in the Flapper. + - Update Smart Burn Engine parameters. + - Initialize the Seal Engine and borrowing facility. +- The Multisig responsible for distributing Early Bird Rewards will be funded with newly minted SKY tokens. +- Debt Ceilings for the now defunct RWA vaults operated by Monetalis will be set to 0. +- A Pinwheel DAO Resolution with the hash [QmYJUvw5xbAJmJknG2xUKDLe424JSTWQQhbJCnucRRjUv7](https://ipfs.io/ipfs/QmYJUvw5xbAJmJknG2xUKDLe424JSTWQQhbJCnucRRjUv7) will be approved. +- The Aave-SparkLend Revenue Share payment for Q3 2024 will be distributed. +- A Spark proxy spell at [0xcc3B9e79261A7064A0f734Cc749A8e3762e0a187](https://etherscan.io/address/0xcc3B9e79261A7064A0f734Cc749A8e3762e0a187) will be executed. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**16 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### Seal Engine Initialization + +- **Authorization**: [Governance Poll](https://vote.makerdao.com/polling/QmUm8Krq) +- **Proposal**: [Forum Post](https://forum.sky.money/t/atlas-weekly-cycle-edit-proposal-week-of-october-14-2024-01/25324) + +If this executive proposal passes, then the Seal Engine will be initialized through the following sub-actions. + +#### MKROSM Activation + +- The new MKROSM at [0x4F94e33D0D74CfF5Ca0D3a66F1A650628551C56b](https://etherscan.io/address/0x4F94e33D0D74CfF5Ca0D3a66F1A650628551C56b) will be whitelisted to read the MKR oracle price from the current PIP_MKR at [0xdbbe5e9b1daa91430cf0772fcebe53f6c6f137df](https://etherscan.io/address/0xdbbe5e9b1daa91430cf0772fcebe53f6c6f137df). +- The new MKROSM at [0x4F94e33D0D74CfF5Ca0D3a66F1A650628551C56b](https://etherscan.io/address/0x4F94e33D0D74CfF5Ca0D3a66F1A650628551C56b) will replace the current PIP_MKR in the [Chainlog](https://chainlog.sky.money/). + +#### New VoteDelegateFactory Contract Activation + +- The current VOTE_DELEGATE_PROXY_FACTORY in the [Chainlog](https://chainlog.sky.money/) at [0xd897f108670903d1d6070fcf818f9db3615af272](https://etherscan.io/address/0xd897f108670903d1d6070fcf818f9db3615af272) will be renamed to VOTE_DELEGATE_FACTORY_LEGACY. + - This will require the removal of VOTE_DELEGATE_PROXY_FACTORY from the Chainlog before adding a new key-value pair under VOTE_DELEGATE_FACTORY_LEGACY. +- The new VoteDelegateFactory at [0xC3D809E87A2C9da4F6d98fECea9135d834d6F5A0](https://etherscan.io/address/0xC3D809E87A2C9da4F6d98fECea9135d834d6F5A0) will be added to the [Chainlog](https://chainlog.sky.money) as VOTE_DELEGATE_FACTORY. + +#### Smart Burn Engine Parameter Updates + +- Reduce the Splitter Burn Rate (`burn`) by 30 percentage points from 100% to **70%**. +- Increase the Splitter [`hop`](https://sky-atlas.powerhouse.io/#A.3.5.1.1.3.1_Hop_Parameter-f9c3ba0f-3f7a-4222-9df8-efb0bc69433e|57ea2c549207d9fe7d45) parameter by 4,014 seconds from 11,635 seconds to **15,649 seconds**. +- Increase the [Surplus Buffer Upper Limit (`vow.hump`)](https://sky-atlas.powerhouse.io/#A.3.5.1.1.1_Upper_Limit-b3ca7a57-11d7-4c18-8092-6357db4492c9|57ea2c549207d9fe) by 5 million DAI from 55 million DAI to **60 million DAI**. + +#### Initialize the Seal Engine Farm in the Flapper + +The Seal Engine Farm will be activated by calling [FlapperInit.setFarm](https://github.com/makerdao/dss-flappers/blob/95431f3d4da66babf81c6e1138bd05f5ddc5e516/deploy/FlapperInit.sol#L153-L175) with the following parameters: + +- farm_: [0x92282235a39bE957fF1f37619fD22A9aE5507CB1](https://etherscan.io/address/0x92282235a39bE957fF1f37619fD22A9aE5507CB1). +- splitter: dss.chainlog.getAddress("MCD_SPLIT"). +- usdsJoin: dss.chainlog.getAddress("USDS_JOIN"). +- hop: **15,649**. +- prevChainlogKey: bytes32(0). +- chainlogKey: REWARDS_LSMKR_USDS + +This will have the following outcomes: + +- Set the new farm as `farm` in the Splitter. +- Set MCD_SPLIT as `rewardsDistribution` in the farm contract. +- Set 15,649 seconds as the `rewardsDuration` in the farm contract. +- Add the new farm to the [Chainlog](https://chainlog.sky.money) as REWARDS_LSMKR_USDS. + +#### Seal Engine and Borrowing Facility Initialization + +The Seal Engine will be initialized by calling [LockstakeInit.initLockstake](https://github.com/makerdao/lockstake/blob/7c71318623f5d6732457fd0c247a1f1760960011/deploy/LockstakeInit.sol#L137-L258) with the following parameters: + +- lsmkr: [0xb4e0e45e142101dC3Ed768bac219fC35EDBED295](https://etherscan.io/address/0xb4e0e45e142101dC3Ed768bac219fC35EDBED295). +- engine: [0x2b16C07D5fD5cC701a0a871eae2aad6DA5fc8f12](https://etherscan.io/address/0x2b16C07D5fD5cC701a0a871eae2aad6DA5fc8f12). +- clipper: [0xA85621D35cAf9Cf5C146D2376Ce553D7B78A6239](https://etherscan.io/address/0xA85621D35cAf9Cf5C146D2376Ce553D7B78A6239). +- clipperCalc: [0xf13cF3b39823CcfaE6C2354dA56416C80768474e](https://etherscan.io/address/0xf13cF3b39823CcfaE6C2354dA56416C80768474e). +- ilk: LSE-MKR-A +- voteDelegateFactory: [0xC3D809E87A2C9da4F6d98fECea9135d834d6F5A0](https://etherscan.io/address/0xC3D809E87A2C9da4F6d98fECea9135d834d6F5A0). +- usdsJoin: dss.chainlog.getAddress("USDS_JOIN"). +- usds: dss.chainlog.getAddress("USDS"). +- mkr: dss.chainlog.getAddress("MCD_GOV"). +- mkr_sky: dss.chainlog.getAddress("MKR_SKY") +- sky: dss.chainlog.getAddress("SKY") +- farms: [0x92282235a39bE957fF1f37619fD22A9aE5507CB1](https://etherscan.io/address/0x92282235a39bE957fF1f37619fD22A9aE5507CB1). +- fee: **5%** +- [maxLine](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4.1_Maximum_Debt_Ceiling_(line)-6f1a913d-9436-4b70-816b-e317672737d6|57eaf45219bea3b430c268bb): **20 million DAI** +- [gap](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4.2_Target_Available_Debt_(gap)-c1e17312-3744-4360-81f4-03564f0dd09d|57eaf45219bea3b430c268bb): **5 million DAI** +- [ttl](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4.3_Ceiling_Increase_Cooldown_(ttl)-58f5315f-938f-464c-b2d2-f611145d469a|57eaf45219bea3b430c268bb): **16 hours** +- [dust](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.6_Debt_Floor_(dust)-cea03e47-24a6-4efc-b482-56c183e5759a|57eaf45219bea3b430c2): **30,000 DAI** +- [duty](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2): **12%** +- [mat](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.1_Liquidation_Ratio-1184ab96-8cad-4755-9798-2c8782304407|57eaf45219bea3b430c2): **200%** +- [buf](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.2_Auction_Price_Multiplier_(buf)-3ce44221-fe39-4904-9f86-0a1996cea8c6|57eaf45219bea3b430c2a59a): **1.20** +- [tail](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.4_Max_Auction_Duration_(tail)-f8de0fc0-e452-4fc6-b67c-6da15df828f0|57eaf45219bea3b430c2a59a): **6,000 seconds** +- [cusp](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.3_Max_Auction_Drawdown_(cusp)-083ada9d-8d45-46ae-80d2-a3bb706e1e77|57eaf45219bea3b430c2a59a): **0.40** +- [chip](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.5_Proportional_Kick_Incentive_(chip)-afecb109-75a7-4289-997e-2a6f3d3bea1e|57eaf45219bea3b430c2a59a): **0.1%** +- [tip](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.6_Flat_Kick_Incentive_(tip)-1c13687a-2dad-4e86-9940-024dc8f17a24|57eaf45219bea3b430c2a59a): **300 DAI**. +- stopped: **0**. +- [chop](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.7_Liquidation_Penalty_(chop)-5295aa1f-3944-4fde-aaec-d999244b57e9|57eaf45219bea3b430c2a59a): **8%** +- [hole](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.8_Local_Liquidation_Limit_(hole)-fc22e62e-1f6b-4b10-b14a-ea7745185c67|57eaf45219bea3b430c2a59a): **3 million DAI** +- tau: **0** +- [cut](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.1.1_Auction_Price_Function_(cut)-b6e47d05-addf-4371-ad95-90582da7c0f1|57eaf45219bea3b430c2a59a6013): **0.99** +- [step](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.1.2_Auction_Price_Function_(step)-7d58c961-43ff-4157-80aa-8a92f577ec12|57eaf45219bea3b430c2a59a6013): **60 seconds** +- lineMom: **True** +- [tolerance](https://sky-atlas.powerhouse.io/#A.1.8.2.2.4.1_Liquidations_Circuit_Breaker_Exception_Price_Tolerance-bcccd6b0-ad61-47c6-94f1-93447ba39102|0db30758e055352ce6eb): **0.5** +- name: **LockstakeMkr** +- symbol: **lsMKR** + +This will have the following outcomes: + +- LSE-MKR-A will be added as a new vault type. +- LSE-MKR-A will be added to the LineMOM. +- LSE-MKR-A will be added to the Debt Ceiling Instant Access Module with the following parameters: + - [`line`]((https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4.1_Maximum_Debt_Ceiling_(line)-6f1a913d-9436-4b70-816b-e317672737d6|57eaf45219bea3b430c268bb)): **20 million DAI**. + - [`gap`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4.2_Target_Available_Debt_(gap)-c1e17312-3744-4360-81f4-03564f0dd09d|57eaf45219bea3b430c268bb): **5 million DAI**. + - [`ttl`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4.3_Ceiling_Increase_Cooldown_(ttl)-58f5315f-938f-464c-b2d2-f611145d469a|57eaf45219bea3b430c268bb): **16 hours**. +- LSE-MKR-A will be added to the ilk registry with the provided `name` and `symbol` and the new ilk class of **7**. +- MCD_SPOT, CLIPPER_MOM, MCD_END and LOCKSTAKE_CLIP will use the new MKROSM (PIP_MKR) to access the collateral price. +- OSM_MOM will be authorized to access the new MKR OSM. +- PIP_MKR will be added to the OSM_MOM. +- Lockstake Clipper will be configured with the following parameters: + - [`buf`](ttps://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.2_Auction_Price_Multiplier_(buf)-3ce44221-fe39-4904-9f86-0a1996cea8c6|57eaf45219bea3b430c2a59a): **1.20**. + - [`tail`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.4_Max_Auction_Duration_(tail)-f8de0fc0-e452-4fc6-b67c-6da15df828f0|57eaf45219bea3b430c2a59a): **6,000 seconds**. + - [`cusp`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.3_Max_Auction_Drawdown_(cusp)-083ada9d-8d45-46ae-80d2-a3bb706e1e77|57eaf45219bea3b430c2a59a): **0.40**. + - [`chip`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.5_Proportional_Kick_Incentive_(chip)-afecb109-75a7-4289-997e-2a6f3d3bea1e|57eaf45219bea3b430c2a59a): **0.1%**. + - [`tip`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.6_Flat_Kick_Incentive_(tip)-1c13687a-2dad-4e86-9940-024dc8f17a24|57eaf45219bea3b430c2a59a): **300 DAI**. + - `stopped`: **0**. + - [`tolerance`](https://sky-atlas.powerhouse.io/#A.1.8.2.2.4.1_Liquidations_Circuit_Breaker_Exception_Price_Tolerance-bcccd6b0-ad61-47c6-94f1-93447ba39102|0db30758e055352ce6eb): **0.5**. +- StairstepExponentialDecrease calc contract will be configured with the following parameters: + - [`cut`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.1.1_Auction_Price_Function_(cut)-b6e47d05-addf-4371-ad95-90582da7c0f1|57eaf45219bea3b430c2a59a6013): **0.99**. + - [`step`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.5.1.2_Auction_Price_Function_(step)-7d58c961-43ff-4157-80aa-8a92f577ec12|57eaf45219bea3b430c2a59a6013): **60 seconds**. +- REWARDS_LSMKR_USDS will be added to the Seal Engine as the first farm. +- The LockstakeEngine contract will be authorized to access the `vat`. +- The LockstakeClipper contract will be authorized to access the `vat` and the LockstakeEngine. +- CLIPPER_MOM, MCD_DOG, and MCD_END will be authorized to access LockstakeClipper. +- New [Chainlog](https://chainlog.sky.money) keys LOCKSTAKE_MKR, LOCKSTAKE_ENGINE, LOCKSTAKE_CLIP, and LOCKSTAKE_CLIP_CALC will be added. + +### Early Bird Rewards Multisig Funding + +To facilitate the distribution of [Early Bird Rewards](https://sky-atlas.powerhouse.io/#A.5.2.1.1_Reward_System-99e76538-f850-4937-8092-d166cae5aff4|8d5a9e88cf49) **27,222,832.80 SKY** will be minted to a multisig controlled by the Accessibility Facilitators at [0x14D98650d46BF7679BBD05D4f615A1547C87Bf68](https://etherscan.io/address/0x14D98650d46BF7679BBD05D4f615A1547C87Bf68). + +Once the required SKY tokens have been transferred to the MerkleDistributor it is expected that the remaining tokens will be burned. + +### RWA Debt Ceiling Reductions + +- **Authorization**: [Forum post](https://forum.sky.money/t/2024-10-17-expected-executive-contents-rwa-vault-changes/25323/2) +- **Proposal**: [Forum post](https://forum.sky.money/t/2024-10-17-expected-executive-contents-rwa-vault-changes/25323) + +If this executive proposal passes, then the following Debt Ceiling changes for the now deprecated RWA Vaults operated by Monetalis will be carried out. + +#### Monetalis Clydesdale (RWA007-A) + +- RWA007-A will be removed from the [Debt Ceiling Instant Access Module (DC-IAM)](https://sky-atlas.powerhouse.io#A.3.8.1.1.2.4_Debt_Ceiling_Instant_Access_Module_(DC_IAM)-071d42e3-8a21-4401-852e-0b52c49768bb|57eaf45219bea3b430c2). +- RWA007-A Debt Ceiling will be set to **0 DAI**. + +#### Coinbase Custody (RWA014-A) + +RWA014-A does not use the [Debt Ceiling Instant Access Module (DC-IAM)](https://sky-atlas.powerhouse.io#A.3.8.1.1.2.4_Debt_Ceiling_Instant_Access_Module_(DC_IAM)-071d42e3-8a21-4401-852e-0b52c49768bb|57eaf45219bea3b430c2). + +- Reduce the RWA014-A Debt Ceiling by 1.5 billion DAI from 1.5 billion DAI to **0 DAI**. + +#### Oracle Adjustments + +As part of the offboarding process, `tell` and `cull` will be called on the oracles for these vaults. + +Calling `tell` will initiate soft liquidation of these vaults and calling `cull` will write off their debt and set the oracle prices to 0. In reality, as neither of these vaults have associated debt, the only change will be to set the reported prices of their oracles to 0. + +These actions do not block further remittance of any outstanding profits through the Jar and InputConduitJar contracts as these contracts do not need to interact with the vault or the oracle to function. + +### Pinwheel DAO Resolution + +- **Authorization**: [Forum post](https://forum.sky.money/t/coinbase-web3-wallet-legal-overview/24577/4) +- **Proposal**: [Forum post](https://forum.sky.money/t/coinbase-web3-wallet-legal-overview/24577/3) + +If this executive proposal passes, then the DAO Resolution with IPFS hash **[QmYJUvw5xbAJmJknG2xUKDLe424JSTWQQhbJCnucRRjUv7](https://ipfs.io/ipfs/QmYJUvw5xbAJmJknG2xUKDLe424JSTWQQhbJCnucRRjUv7)** will be approved. + +This will formalize the payment process for rewards earned on balances held within the LITE-PSM-USDC-A. + +### Aave-SparkLend Revenue Share Payment for Q3 2024. + +- **Authorization**: [Forum post](https://forum.sky.money/t/spark-aave-revenue-share-calculation-payment-5-q3-2024/25286/2) +- **Proposal**: [Forum post](https://forum.sky.money/t/spark-aave-revenue-share-calculation-payment-5-q3-2024/25286) + +If this executive proposal passes, a payment of **234,089 DAI** will be made to a smart contract controlled by Aave Governance at [0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c](https://etherscan.io/address/0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c) as part of the Aave-SparkLend Revenue Share. + +### Spark Proxy Spell Execution + +- **Authorization**: Governance Polls [1](https://vote.makerdao.com/polling/QmShWccA), [2](https://vote.makerdao.com/polling/QmTksxrr), [3](https://vote.makerdao.com/polling/QmbHaA2G), [Forum Post](https://forum.sky.money/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/52) +- **Proposal**: [Forum Post](https://forum.sky.money/t/oct-3-2024-proposed-changes-to-spark-for-upcoming-spell/25293) + +If this executive proposal passes, then a Spark Proxy Spell at [0xcc3B9e79261A7064A0f734Cc749A8e3762e0a187](https://etherscan.io/address/0xcc3B9e79261A7064A0f734Cc749A8e3762e0a187) will be executed. The expected contents are as follows: + +#### [Mainnet] Onboard sUSDS into SparkLend as Collateral Only Asset + +If this executive proposal passes, the Spark Proxy Spell will onboard sUSDS to SparkLend on mainnet as described below: + +- Token: **sUSDS** +- Token Address: **[0xa3931d71877c0e7a3148cb7eb4463524fec27fbd](https://etherscan.io/address/0xa3931d71877c0e7a3148cb7eb4463524fec27fbd)** +- Oracle: **Fixed 1 USD * sUSDS/USDS redemption rate from the token contract.** +- [Optimal Utilization](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.11_Optimal_Utilization_Definition-7dd3b868-b5c1-4f16-b997-8fb35a971ab1|57eaf45219be608847d6): **80%** +- [Base](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.13_Base_Rate_Definition-3ea70be9-6d09-4e25-8025-a0235dd71c28|57eaf45219be608847d6): **0%** +- [Slope1](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.15_Slope_1_Definition-20c3c3c3-432e-48ac-8336-86b8345f920e|57eaf45219be608847d6): **2%** +- [Slope2](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.16_Slope_2_Definition-e5bb5c04-c9f1-4f85-bd45-1d36269482fe|57eaf45219be608847d6): **300%** +- Stable rate func (deprecated): N/A +- Borrow Enabled: **No** +- [Isolation Borrowable](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.20_Isolated_Borrow-9acac8ca-3870-4680-ae38-1ba3deb09fe3|57eaf45219be608847d6bfdb): **No** +- Stable Rate Borrowing: **No** +- [Siloed Borrowing](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.21_Siloed_Borrowing_Enabled_Definition-2683581e-34fd-4025-b3ef-a46fc19ec855|57eaf45219be608847d6): **No** +- [Flash Loan](https://docs.sparkprotocol.io/developers/guides/flash-loans) Enabled: **No** +- [Loan To Value](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.4_LTV_Definition-e5d19de9-0eb7-4572-857c-e83d91d92c88|57eaf45219be608847d6): **79%** +- [Liquidation Threshold](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.5_Liquidation_Threshold_Definition-9170a423-fba1-4fbe-83c4-f55f2510a9db|57eaf45219be608847d6): **80%** +- [Liquidation Bonus](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.7_Liquidation_Bonus_Definition-c5e7dbac-42f7-4c53-9e89-fa699cd9d5b5|57eaf45219be608847d6): **5%** +- [Reserve Factor](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.8_Reserve_Factor_Definition-3f82c59f-c575-4975-8e1b-653136c3f1fd|57eaf45219be608847d6): **10%** +- [Supply Cap](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.9_Supply_Cap_Definition-75575b79-9a3c-4601-9c57-dd2f7f48e285|57eaf45219be608847d6): **50 million sUSDS** +- [Supply Cap Absolute Maximum Exposure (`max`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806): **500 million sUSDS** +- [Supply Cap Target Available Exposure (`gap`)](https://sky-atlas.powerhouse.io#A.3.8.1.5.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806): **50 million sUSDS** +- [Supply Cap Automator Cooldown Period (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **12 hours** +- [Borrow Cap](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.10_Borrow_Cap_Definition-fb930369-4ebc-4de0-9414-0a029857bc24|57eaf45219be608847d6): **0 sUSDS** +- [Borrow Cap Absolute Maximum Exposure (`max`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42|57eaf45219be6088aa1c4806): **N/A** +- [Borrow Cap Target Available Exposure (`gap`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806): **N/A** +- [Borrow Cap Automator Cooldown Period (`ttl`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **N/A** +- [Isolation Mode](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.2_Cap_Automator_Cooldown_Period_Definition-670fadea-2b37-4e54-931a-01c3487b28f9|57eaf45219be6088aa1c4806): **No** +- Isolation Mode Debt Ceiling: **N/A** +- Liquidation Protocol Fee: **10%** +- [High Efficiency Mode (`Emode`)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.6_High_Efficiency_Mode_Category_Definition-09de838a-b46c-4cdb-9467-adacdbcf4c00|57eaf45219be608847d6) Category: **0** + +#### [Mainnet] Update sDAI Oracle to Use Fixed DAI/USD at 1 USD + +If this executive proposal passes, the Spark Proxy Spell will update the sDAI Oracle to use a fixed DAI/USD price of 1 USD multiplied by the sDAI/DAI redemption rate from the sDAI contract. + +#### [Mainnet] Onboard PT-sUSDe-26Dec2024 and PT-sUSDe-27Mar2025 to Morpho Spark DAI Vault + +If this executive proposal passes, the Spark Proxy Spell will onboard two new markets to the Morpho Spark DAI Vault with the following parameters: + +##### PT-sUSDe-26Dec2024 + +- Address: [0xee9085fc268f6727d5d4293dbabccf901ffdcc29](https://etherscan.io/token/0xee9085fc268f6727d5d4293dbabccf901ffdcc29). +- Pool LLTV: **91.5%**. +- Supply Cap: **100 million DAI**. +- Price Oracle Yield to Maturity: **15%**. +- Price Oracle PT Redemption Value: **1 USD**. + +##### PT-sUSDe-27Mar2025 + +- Address: [0xE00bd3Df25fb187d6ABBB620b3dfd19839947b81](https://etherscan.io/token/0xE00bd3Df25fb187d6ABBB620b3dfd19839947b81). +- Pool LLTV: **91.5%**. +- Supply Cap: **100 million DAI**. +- Price Oracle Yield to Maturity: **20%**. +- Price Oracle PT Redemption Value: **1 USD**. + +#### [Mainnet] WBTC Parameter Changes + +If this executive proposal passes, the Spark Proxy Spell will make the following changes to the WBTC market parameters: + +- Reduce [Liquidation Threshold](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.5_Liquidation_Threshold_Definition-9170a423-fba1-4fbe-83c4-f55f2510a9db%7C57eaf45219be608847d6) by 5 percentage points from 75% to **70%**. +- Update cap automator parameters: + - Reduce [Supply Cap Target Available Exposure (gap)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806) by 300 WBTC from 500 WBTC to **200 WBTC**. + - Reduce [Supply Cap Absolute Maximum Exposure (max)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42%7C57eaf45219be6088aa1c4806) by 5,000 WBTC from 10,000 WBTC to **5,000 WBTC**. + - Reduce [Borrow Cap Target Available Exposure (gap)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.1_Cap_Automator_Target_Available_Exposure_Definition-78ec4709-3773-4f20-b3ef-d58d29f302c2|57eaf45219be6088aa1c4806) by 99 WBTC from 100 WBTC to **1 WBTC**. + - Reduce [Borrow Cap Absolute Maximum Exposure (max)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4.1.3_Cap_Automator_Absolute_Maximum_Exposure_Definition-a01eec5b-64d9-42fa-ae44-b27d22e14a42%7C57eaf45219be6088aa1c4806) max by 1,999 WBTC from 2,000 WBTC to **1 WBTC**. +- Reduce Liquidation Protocol Fee by 10 percentage points from 10% to **0%**. + +## Review + +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - October 31, 2024.md b/governance/votes/Executive vote - October 31, 2024.md new file mode 100644 index 000000000..5879e0de1 --- /dev/null +++ b/governance/votes/Executive vote - October 31, 2024.md @@ -0,0 +1,130 @@ +--- +title: Template - [Executive Vote] Base Network SkyLink Bridge Initialization for USDS and sUSDS, Star Allocation System Initialization for Spark, Add New Validators to Medianizer - October 31, 2024 +summary: Initialize the Base Network SkyLink bridge for USDS and sUSDS, initialize the Star Allocation System for Spark, add new validators to Medianizer. +date: 2024-10-31T00:00:00.000Z +address: "0x3f6e730C77496aAB65655b3A5BDF6242C6eee4Cc" + +--- +# [Executive Proposal] Base Network SkyLink Bridge Initialization for USDS and sUSDS, Star Allocation System Initialization for Spark, Add New Validators to Medianizer - October 31, 2024 + +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: + +- The Base Network SkyLink bridge for USDS and sUSDS will be initialized. +- The Star Allocation System for Spark will be initialized +- New validators for Medianizer will be added. + +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**16 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Details + +### Base Network SkyLink Bridge Initialization for USDS and sUSDS + +- **Authorization**: [Ecosystem Approval](http://forum.sky.money/t/spell-contents-2024-10-31/25421/6) +- **Proposal**: [Forum Post](https://forum.sky.money/t/spell-contents-2024-10-31/25421) + +If this executive proposal passes, then the Base Network SkyLink bridge for USDS and sUSDS will be initialized by calling [`TokenBridgeInit.initBridges`](https://github.com/makerdao/op-token-bridge/blob/0f935505c0dc74ce3db2a9998320a56119321814/deploy/TokenBridgeInit.sol#L63) with its parameters set as follows: + +- [`l1BridgeInstance`](https://github.com/makerdao/op-token-bridge/blob/0f935505c0dc74ce3db2a9998320a56119321814/deploy/L1TokenBridgeInstance.sol#L19): + - `govRelay`: [0x1Ee0AE8A993F2f5abDB51EAF4AC2876202b65c3b](https://etherscan.io/address/0x1Ee0AE8A993F2f5abDB51EAF4AC2876202b65c3b) + - `escrow`: [0x7F311a4D48377030bD810395f4CCfC03bdbe9Ef3](https://etherscan.io/address/0x7F311a4D48377030bD810395f4CCfC03bdbe9Ef3) + - `bridge`: [0xA5874756416Fa632257eEA380CAbd2E87cED352A](https://etherscan.io/address/0xA5874756416Fa632257eEA380CAbd2E87cED352A) + - `bridgeImp`: [0xaeFd31c2e593Dc971f9Cb42cBbD5d4AD7F1970b6](https://etherscan.io/address/0xaeFd31c2e593Dc971f9Cb42cBbD5d4AD7F1970b6) +- [`l2BridgeInstance`](https://github.com/makerdao/op-token-bridge/blob/dev/deploy/L2TokenBridgeInstance.sol): + - `govRelay`: [0xdD0BCc201C9E47c6F6eE68E4dB05b652Bb6aC255](https://basescan.org/address/0xdd0bcc201c9e47c6f6ee68e4db05b652bb6ac255) + - `bridge`: [0xee44cdb68D618d58F75d9fe0818B640BD7B8A7B7](https://basescan.org/address/0xee44cdb68D618d58F75d9fe0818B640BD7B8A7B7) + - `bridgeImp`: [0x289A37BE5D6CCeF7A8f2b90535B3BB6bD3905f72](https://basescan.org/address/0x289A37BE5D6CCeF7A8f2b90535B3BB6bD3905f72) + - `spell`: [0x6f29C3A29A3F056A71FB0714551C8D3547268D62](https://basescan.org/address/0x6f29C3A29A3F056A71FB0714551C8D3547268D62) +- [`cfg`](https://github.com/makerdao/op-token-bridge/blob/0f935505c0dc74ce3db2a9998320a56119321814/deploy/TokenBridgeInit.sol#L49): + - `l1Messenger`: [0x866E82a600A1414e583f7F13623F1aC5d58b0Afa](https://etherscan.io/address/0x866E82a600A1414e583f7F13623F1aC5d58b0Afa) + - `l2Messenger`: [0x4200000000000000000000000000000000000007](https://basescan.org/address/0x4200000000000000000000000000000000000007) + - `l1Tokens`: + - [0xdc035d45d973e3ec169d2276ddab16f1e407384f](https://etherscan.io/address/0xdc035d45d973e3ec169d2276ddab16f1e407384f) (USDS on Mainnet) + - [0xa3931d71877C0E7a3148CB7Eb4463524FEc27fbD](https://etherscan.io/token/0xa3931d71877C0E7a3148CB7Eb4463524FEc27fbD) (sUSDS on Mainnet) + - `l2Tokens`: + - [0x820C137fa70C8691f0e44Dc420a5e53c168921Dc](https://basescan.org/address/0x820C137fa70C8691f0e44Dc420a5e53c168921Dc) (USDS on Base) + - [0x5875eEE11Cf8398102FdAd704C9E96607675467a](https://basescan.org/address/0x5875eEE11Cf8398102FdAd704C9E96607675467a) (sUSDS on Base) + - `maxWithdraws`: `type(uint256).max` for each token + - `minGasLimit`: 500,000 + - `govRelayCLKey`: BASE_GOV_RELAY (chainlog key for govRelay) + - `escrowCLKey`: BASE_ESCROW (chainlog key for Escrow) + - `l1BridgeCLKey`: BASE_TOKEN_BRIDGE (chainlog key for L1TokenBridge) + - `l1BridgeImpCLKey`: BASE_TOKEN_BRIDGE_IMP (chainlog key for L1TokenBridgeImp) + +This will initialize a new SkyLink bridge that will facilitate bridging USDS and sUSDS between mainnet and Base. More information on these contracts and on the bridge deployment process can be found at the [MakerDAO OP Token Bridge repository](https://github.com/makerdao/op-token-bridge/tree/0f935505c0dc74ce3db2a9998320a56119321814). + +### Star Allocation System Initialization for Spark + +- **Authorization**: [Ecosystem Approval](http://forum.sky.money/t/spell-contents-2024-10-31/25421/6) +- **Proposal**: [Forum Post](https://forum.sky.money/t/spell-contents-2024-10-31/25421) + +If this executive proposal passes, then the [Star Allocation System](https://forum.sky.money/t/star-allocation-system-framework/25325) for Spark will be initialized by executing the actions below: + +- Initialize shared components for the Allocator System by calling [`AllocatorInit.initShared`](https://github.com/makerdao/dss-allocator/blob/226584d3b179d98025497815adb4ea585ea0102d/deploy/AllocatorInit.sol#L88) with the following parameters: + - `oracle`: [0xc7B91C401C02B73CBdF424dFaaa60950d5040dB7](https://etherscan.io/address/0xc7B91C401C02B73CBdF424dFaaa60950d5040dB7) (AllocatorOracle) + - `roles`: [0x9A865A710399cea85dbD9144b7a09C889e94E803](https://etherscan.io/address/0x9A865A710399cea85dbD9144b7a09C889e94E803) (AllocatorRoles) + - `registry`: [0xCdCFA95343DA7821fdD01dc4d0AeDA958051bB3B](https://etherscan.io/address/0xCdCFA95343DA7821fdD01dc4d0AeDA958051bB3B) (AllocatorRegistry) +- Initialize Allocator ILK for Spark Star by calling [`AllocatorInit.initIlk`](https://github.com/makerdao/dss-allocator/blob/226584d3b179d98025497815adb4ea585ea0102d/deploy/AllocatorInit.sol#L97) with its parameters set as follow: + - [`sharedInstance`](https://github.com/makerdao/dss-allocator/blob/226584d3b179d98025497815adb4ea585ea0102d/deploy/AllocatorInstances.sol#L19): + - `oracle`: [0xc7B91C401C02B73CBdF424dFaaa60950d5040dB7](https://etherscan.io/address/0xc7B91C401C02B73CBdF424dFaaa60950d5040dB7) (AllocatorOracle) + - `roles`: [0x9A865A710399cea85dbD9144b7a09C889e94E803](https://etherscan.io/address/0x9A865A710399cea85dbD9144b7a09C889e94E803) (AllocatorRoles) + - `registry`: [0xCdCFA95343DA7821fdD01dc4d0AeDA958051bB3B](https://etherscan.io/address/0xCdCFA95343DA7821fdD01dc4d0AeDA958051bB3B) (AllocatorRegistry) + - [`ilkInstance`](https://github.com/makerdao/dss-allocator/blob/226584d3b179d98025497815adb4ea585ea0102d/deploy/AllocatorInstances.sol#L25): + - `owner`: [0xbe8e3e3618f7474f8cb1d074a26affef007e98fb](https://etherscan.io/address/0xbe8e3e3618f7474f8cb1d074a26affef007e98fb) (MCD_PAUSE_PROXY) + - `vault`: [0x691a6c29e9e96dd897718305427Ad5D534db16BA](https://etherscan.io/address/0x691a6c29e9e96dd897718305427Ad5D534db16BA) (AllocatorVault) + - `buffer`: [0xc395D150e71378B47A1b8E9de0c1a83b75a08324](https://etherscan.io/address/0xc395D150e71378B47A1b8E9de0c1a83b75a08324) (AllocatorBuffer) + - [`cfg`](https://github.com/makerdao/dss-allocator/blob/226584d3b179d98025497815adb4ea585ea0102d/deploy/AllocatorInit.sol#L62): + - `ilk`: ALLOCATOR-SPARK-A + - `duty`: **1000000001607468111246255079 (5.2%)** + - [`gap`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4.2_Target_Available_Debt_(gap)-c1e17312-3744-4360-81f4-03564f0dd09d|57eaf45219bea3b430c268bb): **10,000,000 DAI** + - [`maxLine`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4.1_Maximum_Debt_Ceiling_(line)-6f1a913d-9436-4b70-816b-e317672737d6|57eaf45219bea3b430c268bb): **10,000,000 DAI** + - [`ttl`](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.4.3_Ceiling_Increase_Cooldown_(ttl)-58f5315f-938f-464c-b2d2-f611145d469a|57eaf45219bea3b430c268bb): **86,400 seconds** + - `allocatorProxy`: [0x3300f198988e4C9C63F75dF86De36421f06af8c4](https://etherscan.io/address/0x3300f198988e4C9C63F75dF86De36421f06af8c4) (SparkProxy) + - `ilkRegistry`: [0x5a464c28d19848f44199d003bef5ecc87d090f87](https://etherscan.io/address/0x5a464c28d19848f44199d003bef5ecc87d090f87) +- Whitelist [Spark ALM Proxy](https://etherscan.io/address/0x1601843c5E9bC251A3272907010AFa41Fa18347E) on the LitePSM by calling `IPSMLike(MCD_LITE_PSM_USDC_A).kiss(almProxy: 0x1601843c5E9bC251A3272907010AFa41Fa18347E)`. + +This will initialize the Spark Allocator System with a Maximum Debt Ceiling of 10,000,000 USDS and a fee of 5.2%. More information on these contracts can be found at the [dss-allocator repository](https://github.com/makerdao/dss-allocator/tree/226584d3b179d98025497815adb4ea585ea0102d); an overview of the system implementation can be found at the [README file](https://github.com/makerdao/dss-allocator/blob/226584d3b179d98025497815adb4ea585ea0102d/README.md) therein. + +### Add new validators for [Median](https://docs.makerdao.com/smart-contract-modules/oracle-module/median-detailed-documentation) (Medianizer) + +- **Authorization**: [Ecosystem Approval](http://forum.sky.money/t/spell-contents-2024-10-31/25421/6) +- **Proposal**: [Forum Post](https://forum.sky.money/t/spell-contents-2024-10-31/25421) + +If this executive proposal passes, then _all_ validators below: + +- ETH Global validator - [0xcfC62b2269521e3212Ce1b6670caE6F0e34E8bF3](https://etherscan.io/address/0xcfC62b2269521e3212Ce1b6670caE6F0e34E8bF3) +- Mantle validator - [0xFa6eb665e067759ADdE03a8E6bD259adBd1D70c9](https://etherscan.io/address/0xFa6eb665e067759ADdE03a8E6bD259adBd1D70c9) +- Nethermind validator - [0x91242198eD62F9255F2048935D6AFb0C2302D147](https://etherscan.io/address/0x91242198eD62F9255F2048935D6AFb0C2302D147) +- Euler validator - [0x1DCB8CcC022938e102814F1A299C7ae48A8BAAf6](https://etherscan.io/address/0x1DCB8CcC022938e102814F1A299C7ae48A8BAAf6) + +will be added to _each_ of the median contracts below: + +- BTC/USD at [0xe0F30cb149fAADC7247E953746Be9BbBB6B5751f](https://etherscan.io/address/0xe0F30cb149fAADC7247E953746Be9BbBB6B5751f) +- ETH/USD at [0x64DE91F5A373Cd4c28de3600cB34C7C6cE410C85](https://etherscan.io/address/0x64DE91F5A373Cd4c28de3600cB34C7C6cE410C85) +- WSTETH/USD at [0x2F73b6567B866302e132273f67661fB89b5a66F2](https://etherscan.io/address/0x2F73b6567B866302e132273f67661fB89b5a66F2) +- MKR/USD at [0xdbBe5e9B1dAa91430cF0772fCEbe53F6c6f137DF](https://etherscan.io/address/0xdbBe5e9B1dAa91430cF0772fCEbe53F6c6f137DF) + +These additions will ensure that a sufficient number of price sources are being used by the Medianizer to generate prices. + +For more details about the Oracle Module, you can refer to this [link](https://docs.makerdao.com/smart-contract-modules/oracle-module#id-3.-key-mechanism-and-concepts). + +--- + +## Resources + +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - September 13, 2024.md b/governance/votes/Executive vote - September 13, 2024.md new file mode 100644 index 000000000..885b2c3dd --- /dev/null +++ b/governance/votes/Executive vote - September 13, 2024.md @@ -0,0 +1,263 @@ +--- +title: Template - [Executive Vote] Out-of-schedule Executive Vote - USDS, sUSDS, and SKY Tokens Initialization, SBE Upgrade, SKY DssVestMintable Setup, USDS-SKY Farming Setup, USDS-01 Farming Setup, Miscellaneous Actions - September 13, 2024 +summary: Initialize USDS, sUSDS, and SKY tokens, upgrade Smart Burn Engine (SBE), set up SKY DssVestMintable, set up USDS-SKY farming, set up USDS-01 farming, add LitePsmWrapper to the chainlog, and reduce the GSM Pause Delay. +date: 2024-09-13T00:00:00.000Z +address: "0x70254BD530684CF4a6323F51098FA39AAE6130b6" + +--- +# [Executive Proposal] Out-of-schedule Executive Vote - USDS, sUSDS, and SKY Tokens Initialization, SBE Upgrade, SKY DssVestMintable Setup, USDS-SKY Farming Setup, USDS-01 Farming Setup, Miscellaneous Actions - September 13, 2024 + +The Governance Facilitators, Dewiz, and Sidestream have placed an out-of-schedule executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Sky Protocol. + +If you are new to voting in the Sky (previously Maker) Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Sky Protocol in the context of Launch Season: + +- The USDS, sUSDS, and SKY tokens will be initialized. +- The Smart Burn Engine (SBE) will be upgraded to support USDS and SKY. +- SKY DssVestMintable will be set up. +- USDS->SKY farming will be set up. +- USDS->01 farming will be set up. +- LitePsmWrapper will be added to the chainlog. +- The GSM Pause Delay will be reduced. + +**Voting for this executive proposal will place your MKR in support of the actions outlined above.** + +**To learn more about Launch Season, refer to:** + +- [MakerDAO Endgame: Launch Season (final)](https://forum.makerdao.com/t/makerdao-endgame-launch-season-final/24740) +- [Sky has arrived!](https://forum.makerdao.com/t/sky-has-arrived/24959) +- [Endgame: Announcing the Token and Product Launch forum post](https://forum.makerdao.com/t/endgame-announcing-the-token-and-product-launch/25021/1) + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**30 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. + +--- + +## Proposal Clarifications + +### Execution date restriction + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/2), [Poll 1134](https://vote.makerdao.com/polling/QmTySKwi) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/1) + +This executive proposal has its earliest execution date set to **September 17, 2024 at 12:00 UTC**. This means that it cannot be executed before that date. + +### New Contract ESM Exclusion + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/4) +- **Proposal**: [Forum Post](http://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/3) + +The [Emergency Shutdown Module (ESM)](https://docs.makerdao.com/smart-contract-modules/shutdown/emergency-shutdown-module) will **not** be authorized in any new contracts deployed for this proposal. + +For more details on this decision, you can refer to this [forum post](http://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/3). + +## Proposal Details + +### USDS, sUSDS, and SKY Tokens Initialization + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/2), [Poll 1134](https://vote.makerdao.com/polling/QmTySKwi) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/1) + +If this executive proposal passes, then the new [USDS](https://github.com/makerdao/usds), [sUSDS](https://github.com/makerdao/sdai/tree/susds), and [SKY](https://github.com/makerdao/ngt) tokens will be initialized by performing the actions detailed below. + +#### USDS + +**Initialize USDS by calling [UsdsInit.Init](https://github.com/makerdao/usds/blob/dev/deploy/UsdsInit.sol#L40) with the following parameters:** +- usds: [0xdC035D45d973E3EC169d2276DDab16f1e407384F](https://etherscan.io/address/0xdC035D45d973E3EC169d2276DDab16f1e407384F) +- usdsImp: [0x1923DfeE706A8E78157416C29cBCCFDe7cdF4102](https://etherscan.io/address/0x1923DfeE706A8E78157416C29cBCCFDe7cdF4102) +- UsdsJoin: [0x3C0f895007CA717Aa01c8693e59DF1e8C3777FEB](https://etherscan.io/address/0x3C0f895007CA717Aa01c8693e59DF1e8C3777FEB) +- DaiUsds: [0x3225737a9Bbb6473CB4a45b7244ACa2BeFdB276A](https://etherscan.io/address/0x3225737a9Bbb6473CB4a45b7244ACa2BeFdB276A) + +#### sUSDS + +**Initialize sUSDS by calling [sUsdsInit.Init](https://github.com/makerdao/sdai/blob/susds/deploy/SUsdsInit.sol#L48) with the following parameters:** +- susds: [0xa3931d71877C0E7a3148CB7Eb4463524FEc27fbD](https://etherscan.io/address/0xa3931d71877C0E7a3148CB7Eb4463524FEc27fbD) +- sUsdsImp: [0x4e7991e5C547ce825BdEb665EE14a3274f9F61e0](https://etherscan.io/address/0x4e7991e5C547ce825BdEb665EE14a3274f9F61e0) +- UsdsJoin: [0x3C0f895007CA717Aa01c8693e59DF1e8C3777FEB](https://etherscan.io/address/0x3C0f895007CA717Aa01c8693e59DF1e8C3777FEB) +- usds: [0xdC035D45d973E3EC169d2276DDab16f1e407384F](https://etherscan.io/address/0xdC035D45d973E3EC169d2276DDab16f1e407384F) +- [ssr](https://sky-atlas.powerhouse.io/#A.3.2.2.3_Sky_Savings_Rate-73d91126-21c9-4e8a-bedf-8a51a432bb59|57eab733e951): 6.25% + +#### SKY + +**Initialize SKY by calling [SkyInit.Init](https://github.com/makerdao/sky/blob/dev/deploy/SkyInit.sol#L41) with the following parameters:** +- sky [0x56072C95FAA701256059aa122697B133aDEd9279](https://etherscan.io/address/0x56072C95FAA701256059aa122697B133aDEd9279) +- mkrSky [0xBDcFCA946b6CDd965f99a839e4435Bcdc1bc470B](https://etherscan.io/address/0xBDcFCA946b6CDd965f99a839e4435Bcdc1bc470B) +- [rate](https://sky-atlas.powerhouse.io/#A.4.1.2.1_SKY_Launch-d5af8504-ddd6-416d-8429-897497b072dc|b341f4c0b834): 24,000 + + These functions will also add the following elements to the chainlog: + +| Init Parameter | Address | Chainlog Key | +|:---:|:---:|:---:| +| usds | 0xdC035D45d973E3EC169d2276DDab16f1e407384F | USDS | +| usdsImp | 0x1923DfeE706A8E78157416C29cBCCFDe7cdF4102 | USDS_IMP | +| UsdsJoin | 0x3C0f895007CA717Aa01c8693e59DF1e8C3777FEB | USDS_JOIN | +| DaiUsds | 0x3225737a9Bbb6473CB4a45b7244ACa2BeFdB276A | DAI_USDS | +| sUsds | 0xa3931d71877C0E7a3148CB7Eb4463524FEc27fbD | SUSDS | +| sUsdsImp | 0x4e7991e5C547ce825BdEb665EE14a3274f9F61e0 | SUSDS_IMP | +| sky | 0x56072C95FAA701256059aa122697B133aDEd9279 | SKY | +| mkrSky | 0xBDcFCA946b6CDd965f99a839e4435Bcdc1bc470B | MKR_SKY | + +The following permissions will be granted by the functions mentioned above: + +- The usdsJoin Adapter will be authorized in the usds contract by calling `rely` through the UsdsInit.init function. +- The sUSDS contract will be authorized to access the `vat` by calling `rely` through the SUsdsInit.init function. +- The mkrSky contract will be authorized in the sky contract by calling `rely` through the SkyInit.init function. +- The mkrSky contract will be authorized in the MkrAuthority contract by calling `rely` through the SkyInit.init function. + +### Smart Burn Engine (SBE) Upgrade + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/2), [Poll 1134](https://vote.makerdao.com/polling/QmTySKwi) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/1) + +If this executive proposal passes, then the SBE will be upgraded to support the new USDS and SKY tokens. The upgrade entails the following actions: + +#### UniV2 Pool Migration + +The [DAI/MKR UniV2](https://sky-atlas.powerhouse.io/#A.3.5.1.1.3.5_Univ2_MKR_Dai_LP_Token_Element_Annotation-0b19dbb3-aded-42d3-8b77-84ccaf9745e4%7C57ea2c549207d9fe7d4510f2) pool funds will be migrated to the USDS/SKY UniV2 pool by executing the [UniV2 Pool Migrator script](https://github.com/makerdao/univ2-pool-migrator/blob/dev/deploy/UniV2PoolMigratorInit.sol) with the following parameters: + +- pairDaiMkr: [0x517F9dD285e75b599234F7221227339478d0FcC8](https://etherscan.io/address/0x517F9dD285e75b599234F7221227339478d0FcC8) +- pairUsdsSky: [0x2621CC0B3F3c079c1Db0E80794AA24976F0b9e3c](https://etherscan.io/address/0x2621CC0B3F3c079c1Db0E80794AA24976F0b9e3c) + +#### DssFlapper Initialization + +A new [DssFlapper](https://sky-atlas.powerhouse.io/#A.3.5.1.1.3_DssFlapper-e1aaab52-e88f-4161-8765-e6193adf7d45|57ea2c549207d9fe) will be initialized. This entails the following actions: + +##### Splitter Initialization + +The Splitter will be initialized by calling the [FlapperInit.initSplitter](https://github.com/makerdao/dss-flappers/blob/bddeb5ac09a5ea6c5b4bc77cec1bd5b05014f1fd/deploy/FlapperInit.sol#L177) function with the following parameters: + + +- `splitter`: [0xBF7111F13386d23cb2Fba5A538107A73f6872bCF](https://etherscan.io/address/0xBF7111F13386d23cb2Fba5A538107A73f6872bCF) +- `mom`: [0xF51a075d468dE7dE3599C1Dc47F5C42d02C9230e](https://etherscan.io/address/0xF51a075d468dE7dE3599C1Dc47F5C42d02C9230e) +- `hump`: **55 million DAI** +- `bump`: **65,000 DAI** +- `hop`: **10,249 seconds** +- `burn`: **100% (1 * WAD)** +- `usdsJoin`: [0x3C0f895007CA717Aa01c8693e59DF1e8C3777FEB](https://etherscan.io/address/0x3C0f895007CA717Aa01c8693e59DF1e8C3777FEB) +- `splitterChainlogKey`: MCD_SPLIT +- `prevMomChainlogKey`: FLAPPER_MOM +- `momChainlogKey`: SPLITTER_MOM + +The state variable `flapper` in the `vow` will be changed to the `splitter` address by calling `file` through the FlapperInit.initSplitter function. + +##### Flapper Initialization + +The Flapper will be initialized by calling the [FlapperInit.initFlapperUniV2](https://github.com/makerdao/dss-flappers/blob/bddeb5ac09a5ea6c5b4bc77cec1bd5b05014f1fd/deploy/FlapperInit.sol#L106) function with the following parameters: + +- `flapper_`: [0xc5A9CaeBA70D6974cBDFb28120C3611Dd9910355](https://etherscan.io/address/0xc5A9CaeBA70D6974cBDFb28120C3611Dd9910355) +- `want`: **98% (98 * WAD / 100)** +- `pip`: [0x38e8c1D443f546Dc014D7756ec63116161CB7B25](https://etherscan.io/address/0x38e8c1D443f546Dc014D7756ec63116161CB7B25) +- `pair`: [0x2621CC0B3F3c079c1Db0E80794AA24976F0b9e3c](https://etherscan.io/address/0x2621CC0B3F3c079c1Db0E80794AA24976F0b9e3c) +- `usds`: [0xdC035D45d973E3EC169d2276DDab16f1e407384F](https://etherscan.io/address/0xdC035D45d973E3EC169d2276DDab16f1e407384F) +- `splitter`: [0xBF7111F13386d23cb2Fba5A538107A73f6872bCF](https://etherscan.io/address/0xBF7111F13386d23cb2Fba5A538107A73f6872bCF) +- `prevChainlogKey`: MCD_FLAP +- `chainlogKey`: MCD_FLAP + +##### Oracle Initialization + +The Oracle will be initialized by calling the [FlapperInit.initOracleWrapper ](https://github.com/makerdao/dss-flappers/blob/bddeb5ac09a5ea6c5b4bc77cec1bd5b05014f1fd/deploy/FlapperInit.sol#L141) function with the following parameters: + +- `wrapper_`: [0x38e8c1D443f546Dc014D7756ec63116161CB7B25](https://etherscan.io/address/0x38e8c1D443f546Dc014D7756ec63116161CB7B25) +- `divisor`: **24,000** +- `clKey`: FLAP_SKY_ORACLE + +`Wrapper` will be authorized to read the MKR oracle price through the FlapperInit.initOracleWrapper function. + +### SKY DssVestMintable Setup + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/2), [Poll 1134](https://vote.makerdao.com/polling/QmTySKwi) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/1) + +If this executive proposal passes, then DssVestMintable for SKY will be set up through the following actions: + +- **Authorize DssVestMintable on SKY by calling `DssExecLib.authorize` with the following parameters:** + - `_base`: [0x56072C95FAA701256059aa122697B133aDEd9279](https://etherscan.io/address/0x56072C95FAA701256059aa122697B133aDEd9279) + - `_ward`: [0xB313Eab3FdE99B2bB4bA9750C2DDFBe2729d1cE9](https://etherscan.io/address/0xB313Eab3FdE99B2bB4bA9750C2DDFBe2729d1cE9) +- **Set DssVestMintable max rate (`cap`) by calling `DssExecLib.setValue` with the following parameters:** + - `_base`: [0xB313Eab3FdE99B2bB4bA9750C2DDFBe2729d1cE9](https://etherscan.io/address/0xB313Eab3FdE99B2bB4bA9750C2DDFBe2729d1cE9) + - `_what`: "cap" + - `_amt`: **799,999,999.999999999985808000 SKY per year (800M * WAD / 365 days )** +- **Add DssVestMintable to Chainlog by calling `DssExecLib.setChangelogAddress` with the following parameters:** + - `_key`: MCD_VEST_SKY + - `_val`: [0xB313Eab3FdE99B2bB4bA9750C2DDFBe2729d1cE9](https://etherscan.io/address/0xB313Eab3FdE99B2bB4bA9750C2DDFBe2729d1cE9) + +### USDS->SKY Farming Setup + +- **Authorization**: [Ecosystem Approval 1](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/2), [Ecosystem Approval 2](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/4), [Poll 1134](https://vote.makerdao.com/polling/QmTySKwi) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/1) + +If this executive proposal passes, then the USDS->SKY farming setup will be initialized through the following actions: + +- **Initialize USDS->SKY Token Rewards (STR) by calling [UsdsSkyFarmingInit.init](https://github.com/makerdao/endgame-toolkit/blob/14268515aa729a588096f0d579ea38bde3e9ba2f/script/dependencies/phase-1b/UsdsSkyFarmingInit.sol#L42) with the following parameters:** + + - `usds`: [0xdC035D45d973E3EC169d2276DDab16f1e407384F](https://etherscan.io/address/0xdC035D45d973E3EC169d2276DDab16f1e407384F) + - `sky`: [0x56072C95FAA701256059aa122697B133aDEd9279](https://etherscan.io/address/0x56072C95FAA701256059aa122697B133aDEd9279) + - `rewards`: [0x0650CAF159C5A49f711e8169D4336ECB9b950275](https://etherscan.io/address/0x0650CAF159C5A49f711e8169D4336ECB9b950275) + - `rewardsKey`: REWARDS_USDS_SKY + - `dist`: [0x2F0C88e935Db5A60DDA73b0B4EAEef55883896d9](https://etherscan.io/address/0x2F0C88e935Db5A60DDA73b0B4EAEef55883896d9) + - `distKey`: REWARDS_DIST_USDS_SKY + - `vest`: [0xB313Eab3FdE99B2bB4bA9750C2DDFBe2729d1cE9](https://etherscan.io/address/0xB313Eab3FdE99B2bB4bA9750C2DDFBe2729d1cE9) + - `vestTot`: **600M * WAD** + - `vestBgn`: **block.timestamp - 7 days** + - `vestTau`: **365 days - 1** +- **Call `distribute()` in `VestedRewardsDistribution` contract in the spell execution.** + +The following SKY vesting stream will be created for rewards distribution through the UsdsSkyFarmingInit.init function: + +SKY Vesting Stream | from 'block.timestamp - 7 days' for '365 days - 1' | 600M * WAD SKY | 0x2F0C88e935Db5A60DDA73b0B4EAEef55883896d9 + +- **Initialize the new cron job by calling [VestedRewardsDistributionJobInit.init](https://github.com/makerdao/dss-cron/blob/a5a89af4f845211df143f06ab16c293eb47bb219/src/deployment/VestedRewardsDistributionJob/VestedRewardsDistributionJobInit.sol#L38) with the following parameters:** + - `job`: [0x6464C34A02DD155dd0c630CE233DD6e21C24F9A5](https://etherscan.io/address/0x6464C34A02DD155dd0c630CE233DD6e21C24F9A5) + - `cfg.jobKey`: CRON_REWARDS_DIST_JOB +- **Add VestedRewardsDistribution to the new cron job by calling [VestedRewardsDistributionJobInit.setDist](https://github.com/makerdao/dss-cron/blob/a5a89af4f845211df143f06ab16c293eb47bb219/src/deployment/VestedRewardsDistributionJob/VestedRewardsDistributionJobInit.sol#L58) with the following parameters:** + - `job`: [0x6464C34A02DD155dd0c630CE233DD6e21C24F9A5](https://etherscan.io/address/0x6464C34A02DD155dd0c630CE233DD6e21C24F9A5) + - `cfg.dist`: [0x2F0C88e935Db5A60DDA73b0B4EAEef55883896d9](https://etherscan.io/address/0x2F0C88e935Db5A60DDA73b0B4EAEef55883896d9) + - `cfg.interval`: **7 days - 1 hours** + +### USDS->01 Farming Setup + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/2), [Poll 1134](https://vote.makerdao.com/polling/QmTySKwi) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/1) + +If this executive proposal passes, then the USDS->01 farming setup will be initialized through the following actions: + +- **Initialize STR 01 Rewards by calling [Usds01PreFarmingInit.init](https://github.com/makerdao/endgame-toolkit/blob/14268515aa729a588096f0d579ea38bde3e9ba2f/script/dependencies/phase-1b/Usds01PreFarmingInit.sol#L27) with the following parameters:** + - `usds`: [0xdC035D45d973E3EC169d2276DDab16f1e407384F](https://etherscan.io/address/0xdC035D45d973E3EC169d2276DDab16f1e407384F) + - `rewards`: [0x10ab606B067C9C461d8893c47C7512472E19e2Ce](https://etherscan.io/address/0x10ab606B067C9C461d8893c47C7512472E19e2Ce) + - `rewardsKey`: REWARDS_USDS_01 + +### LitePsmWrapper Addition to the Chainlog + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/2), [Poll 1134](https://vote.makerdao.com/polling/QmTySKwi) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/1) + +If this executive proposal passes, then the LitePsmWrapper will be added to the [Chainlog](https://chainlog.makerdao.com) through the following actions: + +- **Add LitePsmWrapper to the Chainlog by calling `DssExecLib.setChangelogAddress` with the following parameters:** + - `_key`: WRAPPER_USDS_LITE_PSM_USDC_A + - `_val`: [0xA188EEC8F81263234dA3622A406892F3D630f98c](https://etherscan.io/address/0xA188EEC8F81263234dA3622A406892F3D630f98c) + +### GSM Pause Delay Update + +- **Authorization**: [Ecosystem Approval](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/2), [Poll 1134](https://vote.makerdao.com/polling/QmTySKwi) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/sky-protocol-launch-season-token-and-product-launch-parameter-proposal/25031/1) + +If this executive proposal passes, then the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0) will be decreased by 14 hours, from 30 hours to **16 hours**. + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/Executive vote - September 5, 2024.md b/governance/votes/Executive vote - September 5, 2024.md new file mode 100644 index 000000000..0e5b8eb12 --- /dev/null +++ b/governance/votes/Executive vote - September 5, 2024.md @@ -0,0 +1,69 @@ +--- +title: Template - [Executive Vote] Launch Project Funding and Spark Proxy Spell - September 5, 2024 +summary: Transfer DAI and MKR to Launch Project and trigger Spark Proxy Spell. +date: 2024-09-05T00:00:00.000Z +address: "0x900c952c676595DdB392FA6349aD5f0674a67Eeb" + +--- +# [Executive Proposal] Launch Project Funding and Spark Proxy Spell - September 5, 2024 + +The Governance Facilitators, Dewiz, Sidestream, Wonderland, Phoenix Labs, and Certora have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. + +If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. + +--- + +## Executive Summary + +If this executive proposal passes, the following **actions** will occur within the Maker Protocol: +- **9,535,993 DAI** and **2,630 MKR** will be transferred to the Launch Project. +- A Spark Proxy Spell will be triggered at [0x668C84584Ef8EeEd6BFb4FFB2a4Fa03231F8b241](https://etherscan.io/address/0x668C84584Ef8EeEd6BFb4FFB2a4Fa03231F8b241). + +**Voting for this executive proposal will place your MKR in support of the actions outlined above.** + +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**30 hours**](https://mips.makerdao.com/mips/details/MIP113#10-1-1a). + +This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. + +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. + +--- + +## Proposal Details + +### Launch Project Funding + +- **Authorization**: [Accessibility Scope 9.1](https://mips.makerdao.com/mips/details/MIP108#9-1-launch-project-budget) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/22) + +If this executive proposal passes, the following transfers to the Launch Project will be made: + +- Transfer **9,535,993 DAI** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). +- Transfer **2,630 MKR** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F). + +### Spark Proxy Spell + +- **Authorization**: Governance Polls [1131](https://vote.makerdao.com/polling/QmQa73Cc), [1132](https://vote.makerdao.com/polling/QmW55juU) +- **Proposal**: [Forum Post](https://forum.makerdao.com/t/aug-23-2024-proposal-changes-to-spark-for-upcoming-spell/24940) + +If this executive proposal passes, then a Spark Proxy Spell will be triggered at [0x668C84584Ef8EeEd6BFb4FFB2a4Fa03231F8b241](https://etherscan.io/address/0x668C84584Ef8EeEd6BFb4FFB2a4Fa03231F8b241), containing the following items. + +#### [Mainnet] Oracle Upgrade for ETH, wstETH, rETH, and weETH Markets + +The oracles for ETH, wstETH, rETH, and weETH markets will be upgraded to use Aggor, as detailed in this [forum post](https://forum.makerdao.com/t/aug-23-2024-proposal-changes-to-spark-for-upcoming-spell/24940#p-98553-mainnet-oracle-upgrade-to-eth-wsteth-reth-and-weeth-markets-to-use-aggor-3). + +#### [Mainnet] Remove WBTC/BTC from Kill Switch + +The WBTC/BTC pair will be removed from the Spark Kill Switch, following the previous decision to halt new borrowing of WBTC, as detailed in this [forum post](https://forum.makerdao.com/t/aug-23-2024-proposal-changes-to-spark-for-upcoming-spell/24940#p-98553-mainnet-remove-wbtcbtc-from-kill-switch-4). + +## Review + +Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. + +--- + +## Resources + +Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). + +To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/active/proposals.json b/governance/votes/active/proposals.json index 437cd5dae..e4ccf83ac 100644 --- a/governance/votes/active/proposals.json +++ b/governance/votes/active/proposals.json @@ -1,13 +1,5 @@ { "mainnet": [ - "https://raw.githubusercontent.com/makerdao/community/master/governance/votes/Executive%20vote%20-%20January%2024%2C%202024.md" - ], - "kovan": [ - "https://raw.githubusercontent.com/makerdao/community/master/governance/votes/Executive%20vote%20-%20June%2018%2C%202021.md", - "https://raw.githubusercontent.com/makerdao/community/master/governance/votes/Executive%20vote%20-%20June%2011%2C%202021.md" - ], - "goerli": [ - "https://raw.githubusercontent.com/makerdao/community/master/governance/votes/Executive%20vote%20-%20June%2018%2C%202021.md", - "https://raw.githubusercontent.com/makerdao/community/master/governance/votes/Executive%20vote%20-%20June%2011%2C%202021.md" + "https://raw.githubusercontent.com/makerdao/community/master/governance/votes/Executive%20vote%20-%20May%2015%2C%202025.md" ] } diff --git a/governance/votes/templates/Executive vote - $date_MONTH_DD,_YYYY.md b/governance/votes/templates/Executive vote - $date_MONTH_DD,_YYYY.md index 7d884e349..6dd26ac46 100644 --- a/governance/votes/templates/Executive vote - $date_MONTH_DD,_YYYY.md +++ b/governance/votes/templates/Executive vote - $date_MONTH_DD,_YYYY.md @@ -7,32 +7,26 @@ address: "$spell_address" --- # [Executive Proposal] $executive_title - $date_MONTH_DD,_YYYY -The $exec_publishers and $exec_crafters have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. +The $exec_publishers and $exec_crafters_and_reviewers have placed an executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. -If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. --- ## Executive Summary -If this executive proposal passes, the following **changes** will occur within the Maker Protocol: +If this executive proposal passes, the following **actions** will occur within the Sky Protocol: - $executive_action_description_1 - $executive_action_description_2 - $executive_action_description_3 -If this executive proposal passes, the following **additions** will be made to the Maker Protocol: -- $executive_addition_1 -- $executive_addition_2 -- $executive_addition_3 +**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** -**Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.** - -Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **48 hours**. +Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**$number hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). $OfficeHours? This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. -If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. - +If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. --- @@ -40,24 +34,33 @@ If this executive proposal does not pass within 30 days, then it will expire and ### $executive_entry_1 -$executive_entry_description_1 +- **Authorization**: [$link_to_approval]() +- **Proposal**: [$link_to_proposal]() + +If this executive proposal passes, then $executive_entry_1_implications. ### $executive_entry_2 -$executive_entry_description_2 +- **Authorization**: [$link_to_approval]() +- **Proposal**: [$link_to_proposal]() + +If this executive proposal passes, then $executive_entry_2_implications. ### $executive_entry_3 -$executive_entry_description_3 +- **Authorization**: [$link_to_approval]() +- **Proposal**: [$link_to_proposal]() + +If this executive proposal passes, then $executive_entry_3_implications. ## Review -Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. +Community debate on these topics can be found on the Sky [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. --- ## Resources -Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). -To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). \ No newline at end of file +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). diff --git a/governance/votes/waffling.md b/governance/votes/waffling.md new file mode 100644 index 000000000..c81e8bf02 --- /dev/null +++ b/governance/votes/waffling.md @@ -0,0 +1 @@ +### Waffles diff --git a/processes/drafting-style-guideline.md b/processes/drafting-style-guideline.md new file mode 100644 index 000000000..6ab3c59ef --- /dev/null +++ b/processes/drafting-style-guideline.md @@ -0,0 +1,91 @@ +# Style Guideline to Drafting Polls and Executive Votes + +This document attempts to consolidate a style in which to draft polls and executive votes, and to list usual pitfalls so as to better avoid them. + +## Ideal Output + +Given a target audience defined as having the following characteristics: + +- Being global. Some users do not speak English as their first language, some users do not live in the United States, et cetera. +- Having a low-mid to high level of familiarity with MakerDAO and its context at the moment of the vote. + +Following this guideline should result in documents that: + +- Contain sufficient information for the target audience to understand their contents and the foreseeable implications of their passing. +- Use simple language. +- Use consistent format and language for repeating structures. + +## Language + +### Global Considerations + +It is better to use simple English that avoids idiomatic expressions, localisms, et cetera. Too much repetition may sound dull to native ears, but too much color may alienate non-native readers altogether. + +### Abbreviations + +Abbreviations must be introduced in parentheses after their expanded form, e.g., "Governance AI Tools (GAIT)". Additionally, once the abbreviation has been introduced, it must be used exclusively, i.e., the expanded form should not be used again. + +### Numbers and Quantities + +When not a currency amount or in a mathematical/technical context, numbers must be spelled alphabetically up to twelve inclusively, e.g.: + +- "Three weeks at most", "twelve components", "13 components". +- "2 DAI", "1,000 DAI". +- "`ttl`: 12 hours". + +Numbers greater or equal to 1 million should be so spelled as long as the least non-zero decimal place is the ten thousands place, e.g.: + +- 1,000,000 = 1 million +- 1,500,000 = 1,5 million +- 1,550,000 = 1,55 million +- 1,555,000 = 1,555,000 + +## Format + +> _We recommend using the [VSCode extension markdownlint](https://marketplace.visualstudio.com/items?itemName=DavidAnson.vscode-markdownlint), which will detect inconsistencies and deviations from standard Markdown and suggest automated solutions._ + +### Formatting Style + +The asterisk (*) is overloaded in Markdown: It can be used to define lists, bolden text (when doubled), and italicize text. To minimize visual noise, we recommend using: + +- Underscore (_) for _italics_. +- Double asterisk (**) for **bold**. +- Hyphen (-) for unnumbered list items. + +### Lists + +List items that are full sentences should end in a full stop. + +### Links + +#### Ethereum Contracts and Addresses + +When referencing Ethereum contracts or addresses of known entities, it is advisable to provide direct links to their respective pages on Etherscan for easy verification and exploration. For example, when mentioning the DS Proxy Factory by address, the Markdown should be `[0xA26e15C895EFc0616177B7c1e7270A4C7D51C997](https://etherscan.io/address/0xA26e15C895EFc0616177B7c1e7270A4C7D51C997)`. + +#### Forum Threads and Posts + +When including links to the MakerDAO forum, it is preferred to direct readers to the topic header unless referencing a specific reply post. Consequently, generally choose [this](https://forum.makerdao.com/t/governance-facilitators-transition-and-team-news/22261) over [this](https://forum.makerdao.com/t/governance-facilitators-transition-and-team-news/22261/2) unless you have a strong reason not to. + +Also remove URL references to the user who's sharing the link (yourself!): e.g, `https://forum.makerdao.com/t/governance-facilitators-transition-and-team-news/22261/2?u=blimpa` should be `https://forum.makerdao.com/t/governance-facilitators-transition-and-team-news/22261/2`. + +### Headers + +Excepting uncapitalized technical terms and noninitial prepositions, every word in a header must be capitalized. + +### Newlines + +Newlines (N) must be wedged between headers (H), blocks of text (B), and lists (L), e.g.: + +> H\ +> **N**\ +> H\ +> **N**\ +> B\ +> **N**\ +> L + +## Usual Pitfalls and General Recommendations + +- Search for "?". This symbol is used for placeholders in the templates. Make sure none is left unreplaced, or remove them when they are not relevant. +- For items with no antecedent polling, it is important to go into detail. +- It's also important for complex and derived complex items (e.g., simple items that are however a link in a long chain that configures a single complex operation). diff --git a/processes/executive-copy-creation-checklist.md b/processes/executive-copy-creation-checklist.md index cb2f65529..deeb789f1 100644 --- a/processes/executive-copy-creation-checklist.md +++ b/processes/executive-copy-creation-checklist.md @@ -47,6 +47,23 @@ - [ ] Inform the reviewer that the executive copy is ready to review - [ ] Commit changes, and create a PR to the Community GitHub repository. +## External Updates + +### Atlas Active Element Updates + +- [ ] Check if any Atlas active elements will need to be updated if the executive proposal passes. + +- [ ] If yes, create a PR to the next-gen-atlas repository and for each item + - [ ] Ensure that new values are correctly listed in the [Sky Atlas.html](https://github.com/makerdao/next-gen-atlas/blob/main/Sky%20Atlas/Sky%20Atlas.html) document +- [ ] Request review of the PR from the reviewers of the executive proposal copy. + +### Standby Spells update + +- [ ] Check if any new ilk has been onboarded/offboarded. +- [ ] If yes, create a PR to the dss-emergency-spells repository and for each Standby spell affected + - [ ] Ensure that new values are correctly listed in the Standby Spells README (https://github.com/makerdao/dss-emergency-spells?tab=readme-ov-file) document. + - [ ] Request review of the PR from the reviewers of the executive proposal copy. + ## Submission - [ ] Merge approved executive copy PR. diff --git a/processes/executive-copy-principles.md b/processes/executive-copy-principles.md index 1117f7380..8809081eb 100644 --- a/processes/executive-copy-principles.md +++ b/processes/executive-copy-principles.md @@ -36,4 +36,3 @@ There are exceptions to this principle. * In the event of non-urgent technical fixes or housekeeping. In the above cases, technical details should be included. In these cases, it is important that the individual writing the executive copy has a full understanding of the technical details themselves. When technical housekeeping is required, information can be included but should be given a low priority compared to other actions in the executive vote. - diff --git a/processes/executive-copy-review-checklist.md b/processes/executive-copy-review-checklist.md index c54844099..4c1445fdb 100644 --- a/processes/executive-copy-review-checklist.md +++ b/processes/executive-copy-review-checklist.md @@ -1,16 +1,12 @@ -# Executive Review - -- [ ] Identify Executive Copy PR in the community GitHub repo. +# Executive Document Review ## Content - [ ] Check the title refers to the most impactful/important actions included in the proposal. - [ ] Check that the summary refers to all actions included in the proposal. - - [ ] Check that the publisher (entity publishing the executive on the voting portal) of the executive is listed in the preamble (at the entity level). - [ ] Check that the writers of the executive code are listed in the preamble (at the entity level). - [ ] Check that the reviewers of the executive code are listed in the preamble (at the entity level). - - [ ] Check that the office-hours modifier is mentioned as part of the executive copy, if present in the executive spell code. - [ ] Check that it is clearly stated which items are affected by the GSM Delay. - [ ] Check that the GSM Delay period is communicated. @@ -35,5 +31,23 @@ ## Final Checks - [ ] Read the executive copy in full, with the above checklists and general readability in mind. Raise any issues with the author. -- [ ] Mark the PR 'Approved' -- [ ] Inform the writer that the executive copy passes review. \ No newline at end of file + +## External Updates + +### Atlas Active Element Updates + +- [ ] Check if any Atlas active elements will need to be updated if this executive proposal passes + +- [ ] If yes + - [ ] Check that a PR to the next-gen-atlas repository has been opened by the author. + - [ ] Check that all values being changed by the executive proposal have been correctly updated in the Sky Atlas document. + - [ ] If all present, approve the PR so that it can be merged as soon as the executive proposal has executed. + +### Standby Spells update + +- [ ] Check if any new ilk has been onboarded/offboarded +- [ ] If yes + - [ ] Check that a PR to the dss-emergency-spells repository has been opened by the author. + - [ ] Check that all Standby Spells being affected by the executive proposal have been correctly updated in the README file. + - [ ] If all present, approve the PR so that it can be merged as soon as the executive proposal has executed. + diff --git a/processes/poll-submission-checklist.md b/processes/poll-submission-checklist.md index abb09b54a..3a4830bf6 100644 --- a/processes/poll-submission-checklist.md +++ b/processes/poll-submission-checklist.md @@ -11,7 +11,7 @@ Complete before the first poll submission. **Recommended** - [ ] Do you have write access to the poll tag sheet [here](https://docs.google.com/spreadsheets/d/1cgjUsVDyDtz8XoxEVQanTc0NZ84CMBZ4sfX_smJl2Kg/edit)? -- [ ] Do you have write access to the Governance Tracker sheet [here](https://docs.google.com/spreadsheets/d/1LWNlv6hr8oXebk8rvXZBPRVDjN-3OrzI0IgLwBVk0vM/edit#gid=0)? +- [ ] Do you have write access to the Governance Tracker sheet [here](https://docs.google.com/spreadsheets/d/1Bk9osLANN8wNd9Ky9mYaR7-n89Q3J1LQrJnP8kH3m4Q/edit?gid=0#gid=0)? ## Submission @@ -51,5 +51,5 @@ Complete once. - [ ] Check that all the polls you expected to be active are active. - [ ] Communicate weekly polls to the #governance channel in the official MakerDAO discord. -- [ ] Update [Governance Tracker sheet](https://docs.google.com/spreadsheets/d/1LWNlv6hr8oXebk8rvXZBPRVDjN-3OrzI0IgLwBVk0vM/edit#gid=0) with new live polls +- [ ] Update [Governance Tracker sheet](https://docs.google.com/spreadsheets/d/1Bk9osLANN8wNd9Ky9mYaR7-n89Q3J1LQrJnP8kH3m4Q/edit?gid=0#gid=0) with new live polls diff --git a/processes/spell-sheet-creation.md b/processes/spell-sheet-creation.md new file mode 100644 index 000000000..d9eda266e --- /dev/null +++ b/processes/spell-sheet-creation.md @@ -0,0 +1,37 @@ +# Spell Sheet Creation + +## Pre-Meeting Tasks (Completed by EOD Monday before Spell Meeting) + +- [ ] Reach out to Ecosystem Actors about possible Spell Contents. +- [ ] Inform relevant parties about deadlines (see [Spell Coordination Schedule](https://github.com/makerdao/pe-checklists/blob/master/spell/spell-crafter-mainnet-workflow.md#spell-coordination-schedule)). +- [ ] Review recent [polls](https://vote.makerdao.com/polling) for to-do items. +- [ ] Review the latest [forum posts](https://forum.makerdao.com/latest) for requested items. + +## GovOps Meeting Tasks (Tuesdays, one week before Spell release) + +- [ ] Obtain roles for this week: + - [ ] Spell Crafter + - [ ] Reviewer (Dewiz) + - [ ] Reviewer (Sidestream) +- [ ] Review Requested Contents from Ecosystem Actors. +- [ ] Obtain consensus on Spell Items. +- [ ] Confirm Repeating Checklist Items: + - [ ] Office Hours (Yes/No) + - [ ] Global Line Modifier (Yes/No) + - [ ] Order of Operations Issues (Yes/No) + +## Sheet Creation (Tuesdays, one week before Spell release) + +- [ ] Duplicate "Executive Contents (Template)" in [Spell Sheet](https://docs.google.com/spreadsheets/d/1w_z5WpqxzwreCcaveB2Ye1PP5B8QAHDglzyxKHG3CHw/edit?usp=sharing). +- [ ] Add a new column with the spell date in the "Spell Progress Tracking" sheet and ensure the progress is kept up to date. +- [ ] Rename duplicate tab for expected spell date (in yyyy-mm-dd format). +- [ ] Add role and recurring items info from GovOps Meeting. +- [ ] Add Spell Items as formatted in the sheet. +- [ ] Complete and confirm checksums for DAI and MKR transfers. +- [ ] SubDAO Spell Crafter delivered the SubDAO spell address and spell PR in Discord with no differences in the code. + +## Obtain Confirmations for listed items (Wednesday, confirmations due EOD Friday) + +- [ ] Reach out to relevant Ecosystem Actors for item-specific confirmations. +- [ ] Correct any discrepancies. +- [ ] Confirm items for the `Governance Confirm` column. diff --git a/processes/spell-sheet-review.md b/processes/spell-sheet-review.md new file mode 100644 index 000000000..ec43e46ae --- /dev/null +++ b/processes/spell-sheet-review.md @@ -0,0 +1,17 @@ +# Spell Coordination Sheet Review + +## Checklist + +- [ ] Are all fields filled in? +- [ ] Do contents match the discussion from the GovOps Meeting? + - [ ] Confirm all items were discussed at GovOps. + - [ ] Confirm no items from the discussion were omitted. +- [ ] Are incomplete items (awaiting final figures) marked with a clear `TODO`? +- [ ] If there is a SubDAO Proxy Spell: + - [ ] Is the proxy spell address listed in a "Trigger $SubDAO Proxy Spell at" line? + - [ ] Are SubDAO Spell contents seperated ([example](https://docs.google.com/spreadsheets/d/1w_z5WpqxzwreCcaveB2Ye1PP5B8QAHDglzyxKHG3CHw/edit#gid=684547605&range=J26))? +- [ ] Are the DAI transfers rounded to the nearest DAI (no decimal points)? +- [ ] Are MKR transfers listed to exactly two decimal places? +- [ ] Is the Checksum for DAI and MKR accurate? +- [ ] Are Spell Items listed in order of importance for an average MKR voter? +- [ ] Have all items been approved publicly by the appropriate party?