Merge pull request #2652 from CivicSage3/polls-20240527

Polls 20240527
makerdao · May 27, 2024 · 95ecb12 · 95ecb12
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diff --git a/...ls/SparkLend Ethereum - Increase Morpho DAI Vault Supply Caps - May 27, 2024.md b/...ls/SparkLend Ethereum - Increase Morpho DAI Vault Supply Caps - May 27, 2024.md
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+---
+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.
+discussion_link: https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327
+parameters:
+    input_format: single-choice
+    victory_conditions:
+        - { type : plurality }
+    result_display: single-vote-breakdown
+version: v2.0.0
+options:
+   0: Abstain
+   1: Yes
+   2: No
+start_date: 2024-05-27T16:00:00
+end_date: 2024-05-30T16:00:00
+---
+# Poll: SparkLend Ethereum - Increase Morpho DAI Vault Supply Caps - May 27, 2024
+
+The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. 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 Monday, May 27 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 can vote in this poll to express support or opposition to the following changes to the [Morpho Spark DAI vault](https://morpho.blockanalitica.com/metamorpho/vaults/0x73e65dbd630f90604062f6e02fab9138e713edd9):
+
+- 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**.
+
+
+Please review the discussion [thread](https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327) and analysis from [BA Labs](https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327/2) 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:**
+- Phoenix Labs will prepare a Spark spell to increase the sUSDe 91.5% LLTV pool supply cap to 100 million DAI and the sUSDe 86% LLTV pool supply cap to 400 million DAI on the Morpho Spark DAI vault.
+- An upcoming Executive Vote will include a proposal to execute the Spark spell.
+- 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 votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.**
+
+---
+
+## Resources
+
+Further information about Spark Protocol can be found at its [Documentation Hub](https://docs.sparkprotocol.io/hub).
+
+Morpho Spark DAI vault: https://forum.makerdao.com/t/introduction-and-initial-parameters-for-ddm-overcollateralized-spark-metamorpho-ethena-vault/23925
+
+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.
+
+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/...d Gnosis - Turn off Siloed Borrowing for USDC, USDT, and EURe - May 27, 2024.md b/...d Gnosis - Turn off Siloed Borrowing for USDC, USDT, and EURe - May 27, 2024.md
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+---
+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.
+discussion_link: https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327
+parameters:
+    input_format: single-choice
+    victory_conditions:
+        - { type : plurality }
+    result_display: single-vote-breakdown
+version: v2.0.0
+options:
+   0: Abstain
+   1: Yes
+   2: No
+start_date: 2024-05-27T16:00:00
+end_date: 2024-05-30T16:00:00
+---
+# Poll: SparkLend Ethereum and Gnosis - Turn off Siloed Borrowing for USDC, USDT, and EURe - May 27, 2024
+
+The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. 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 Monday, May 27 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 can vote in this poll to express support or opposition to the following changes to SparkLend:
+
+- 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.
+
+Please review the discussion [thread](https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327) and [analysis by BA Labs](https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327/2) 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:**
+
+- Phoenix Labs will prepare a Spark spell to turn off siloed borrowing for USDC and Tether USDT on both Ethereum and Gnosis, and for EURe on Gnosis.
+- An upcoming Executive Vote will include a proposal to execute the Spark spell.
+- 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 votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.**
+
+---
+
+## Resources
+
+Further information about Spark Protocol can be found at its [Documentation Hub](https://docs.sparkprotocol.io/hub).
+
+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.
+
+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/...pdate Interest Rate Models for ETH, DAI, USDC, USDT, and EURe - May 27, 2024.md b/...pdate Interest Rate Models for ETH, DAI, USDC, USDT, and EURe - May 27, 2024.md
@@ -0,0 +1,94 @@
+---
+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.
+discussion_link: https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327
+parameters:
+    input_format: single-choice
+    victory_conditions:
+        - { type : plurality }
+    result_display: single-vote-breakdown
+version: v2.0.0
+options:
+   0: Abstain
+   1: Yes
+   2: No
+start_date: 2024-05-27T16:00:00
+end_date: 2024-05-30T16:00:00
+---
+# Poll: SparkLend Ethereum and Gnosis - Update Interest Rate Models for ETH, DAI, USDC, USDT, and EURe - May 27, 2024
+
+The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. 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 Monday, May 27 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 can vote in this poll to express support or opposition to the following changes to the SparkLend [markets](https://app.spark.fi/markets):
+
+### Ethereum:
+
+#### ETH
+- Reduce slope 1 from 2.8% to 2.5%
+
+#### Circle USD (USDC)
+- Change slope 1 to DSR + 1%
+- Reduce slope 2 from 20% to 15%
+
+#### Tether USD (USDT)
+- Change slope 1 to DSR + 1%
+- Reduce slope 2 from 20% to 15%
+
+### Gnosis:
+
+#### ETH
+- Reduce slope 1 from 3.2% to 2.5%
+- Reduce optimal utilization from 90% to 80%
+
+#### DAI
+- Reduce slope 1 from 12% to 9%
+- Reduce slope 2 from 50% to 15%
+- Increase optimal utilization from 90% to 95%
+
+#### USDC
+- Reduce slope 1 from 12% to 9%
+- Reduce slope 2 from 50% to 15%
+- Increase optimal utilization from 90% to 95%
+
+#### USDT
+- Reduce slope 1 from 12% to 9%
+- Reduce slope 2 from 50% to 15%
+- Increase optimal utilization from 90% to 95%
+
+#### Monerium EUR e-money (EURe)
+- Reduce slope 1 from 7% to 5%
+- Reduce slope 2 from 50% to 15%
+- Increase optimal utilization from 90% to 95%
+
+Please review the discussion [thread](https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327) and [analysis by BA Labs](https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327/2) 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:**
+
+- Phoenix Labs will prepare a Spark spell to update the Interest Rate Models for ETH, DAI, USDC, USDT, and EURe markets, as described above.
+- An upcoming Executive Vote will include a proposal to execute the Spark spell.
+- 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 votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.**
+
+---
+
+## Resources
+
+Further information about Spark Protocol can be found at its [Documentation Hub](https://docs.sparkprotocol.io/hub).
+
+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.
+
+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/...ance/polls/SparkLend Gnosis - Turn Off Bridge Security Delay - May 27, 2024.md b/...ance/polls/SparkLend Gnosis - Turn Off Bridge Security Delay - May 27, 2024.md
@@ -0,0 +1,58 @@
+---
+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.
+discussion_link: https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327
+parameters:
+    input_format: single-choice
+    victory_conditions:
+        - { type : plurality }
+    result_display: single-vote-breakdown
+version: v2.0.0
+options:
+   0: Abstain
+   1: Yes
+   2: No
+start_date: 2024-05-27T16:00:00
+end_date: 2024-05-30T16:00:00
+---
+# Poll: SparkLend Gnosis - Turn Off Bridge Security Delay  - May 27, 2024
+
+The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. 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 Monday, May 27 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 can vote in this poll to express support or opposition to the following changes to SparkLend on Gnosis:
+
+- 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**.
+
+[BA Labs](https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327/2) confirms that removing the delay will not impact the risk profile of the Gnosis market.
+
+Please review the discussion [thread](https://forum.makerdao.com/t/may-21-2024-proposed-changes-to-sparklend-for-upcoming-spell/24327) 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:**
+
+- Phoenix Labs will prepare a Spark spell to lower the bridge security delay for Spark governance to 0 days and to set the minimum security delay limit to 0 on Gnosis.
+- An upcoming Executive Vote will include a proposal to execute the Spark spell.
+- 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 votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.**
+
+---
+
+## Resources
+
+Further information about Spark Protocol can be found at its [Documentation Hub](https://docs.sparkprotocol.io/hub).
+
+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.
+
+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).