diff --git a/governance/polls/SparkLend Ethereum - Increase Morpho DAI Vault Supply Caps - May 27, 2024.md b/governance/polls/SparkLend Ethereum - Increase Morpho DAI Vault Supply Caps - May 27, 2024.md new file mode 100644 index 000000000..d709aba11 --- /dev/null +++ b/governance/polls/SparkLend Ethereum - Increase Morpho DAI Vault Supply Caps - May 27, 2024.md @@ -0,0 +1,59 @@ +--- +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/governance/polls/SparkLend Ethereum and Gnosis - Turn off Siloed Borrowing for USDC, USDT, and EURe - May 27, 2024.md b/governance/polls/SparkLend Ethereum and Gnosis - Turn off Siloed Borrowing for USDC, USDT, and EURe - May 27, 2024.md new file mode 100644 index 000000000..b16b797a7 --- /dev/null +++ b/governance/polls/SparkLend Ethereum and Gnosis - Turn off Siloed Borrowing for USDC, USDT, and EURe - May 27, 2024.md @@ -0,0 +1,58 @@ +--- +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/governance/polls/SparkLend Ethereum and Gnosis - Update Interest Rate Models for ETH, DAI, USDC, USDT, and EURe - May 27, 2024.md b/governance/polls/SparkLend Ethereum and Gnosis - Update Interest Rate Models for ETH, DAI, USDC, USDT, and EURe - May 27, 2024.md new file mode 100644 index 000000000..7623aa22b --- /dev/null +++ b/governance/polls/SparkLend Ethereum and Gnosis - Update 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/governance/polls/SparkLend Gnosis - Turn Off Bridge Security Delay - May 27, 2024.md b/governance/polls/SparkLend Gnosis - Turn Off Bridge Security Delay - May 27, 2024.md new file mode 100644 index 000000000..9bec9dd10 --- /dev/null +++ b/governance/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).