From a37c4e203be3e98a98dac13b5768febc33ff170c Mon Sep 17 00:00:00 2001 From: VoteWizard Date: Mon, 26 Feb 2024 06:02:05 -0300 Subject: [PATCH 01/13] polls-2024-02-26 --- ...Accumulation Change - February 26, 2024.md | 57 ++++++++ ...ivate Cap Automator - February 26, 2024.md | 137 ++++++++++++++++++ ...rameter Adjustments - February 26, 2024.md | 83 +++++++++++ 3 files changed, 277 insertions(+) create mode 100644 governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md create mode 100644 governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md create mode 100644 governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md diff --git a/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md b/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md new file mode 100644 index 000000000..fb54c328a --- /dev/null +++ b/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md @@ -0,0 +1,57 @@ +--- +title: Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024 +summary: Signal your support or opposition to the changing the Smart Burn Engine Rate of MKR Accumulation +discussion_link: https://forum.makerdao.com/t/smart-burn-engine-the-rate-of-mkr-accumulation-reconfiguration-and-transaction-analysis-parameter-reconfiguration-update-5/23737 +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: 2024-02-26T16:00:00 +end_date: 2024-02-29T16:00:00 +--- +# Poll: Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024 + +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](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on Monday, February 26 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 Smart Burn Engine (SBE) change: + +- Increase The [Rate Of MKR Accumulation](https://mips.makerdao.com/mips/details/MIP104#9-1-2a) by 20M DAI per year from 60M DAI per year to **80M DAI per year**. + +To implement this change, the following Smart Burn Engine (SBE) parameter will be adjusted: + +- Decrease the [`hop` parameter](https://mips.makerdao.com/mips/details/MIP104#9-1-3-1a) for 6,570 seconds from 26,280 seconds to **19,710 seconds**. + +Please review the discussion [thread](https://forum.makerdao.com/t/smart-burn-engine-the-rate-of-mkr-accumulation-reconfiguration-and-transaction-analysis-parameter-reconfiguration-update-5/23737) 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 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 + +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). \ No newline at end of file diff --git a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md new file mode 100644 index 000000000..5dc34a961 --- /dev/null +++ b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md @@ -0,0 +1,137 @@ +--- +title: SparkLend Ethereum - Activate Cap Automator - February 26, 2024 +summary: Signal your support or opposition to activating the SparkLend Cap Automator +discussion_link: https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739 +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: 2024-02-26T16:00:00 +end_date: 2024-02-29T16:00:00 +--- +# Poll: SparkLend Ethereum - Activate Cap Automator - February 26, 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, February 26 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 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)](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 approved, the module will be activated with the following max limit (max), buffer size (gap) and cooldown (ttl) parameters for the covered assets: + +#### DAI + +n/a: No borrow or supply caps needed as this is effectively handled through Maker D3M. + +#### 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 + + +Please review the discussion [thread](https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739) 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 include this change on SparkLend Ethereum. +* 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 + +Code developed by Phoenix Labs to automate the caps on SparkLend: [GitHub - marsfoundation/sparklend-cap-automator](https://github.com/marsfoundation/sparklend-cap-automator). + +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). \ No newline at end of file diff --git a/governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md b/governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md new file mode 100644 index 000000000..45f006b2a --- /dev/null +++ b/governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md @@ -0,0 +1,83 @@ +--- +title: SparkLend Ethereum - Collateral Parameter Changes - February 26, 2024 +summary: Signal your support or opposition to the SparkLend Collateral Parameter Changes +discussion_link: https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739 +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: 2024-02-26T16:00:00 +end_date: 2024-02-29T16:00:00 +--- +# Poll: SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 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, February 26 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 [SparkLend Ethereum](https://app.spark.fi/markets/?marketName=proto_spark_v3) Collateral Parameter Changes. + +#### 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%** + + +Please review the discussion [thread](https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739) 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 include this change on SparkLend Ethereum. +* 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 + +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). \ No newline at end of file From 13bdc60475f1608dc2ffd168810226a9a2389bec Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 26 Feb 2024 12:56:11 -0200 Subject: [PATCH 02/13] Update governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md Co-authored-by: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> --- ...ine - Rate of MKR Accumulation Change - February 26, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md b/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md index fb54c328a..3f4a1fa83 100644 --- a/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md +++ b/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md @@ -1,6 +1,6 @@ --- title: Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024 -summary: Signal your support or opposition to the changing the Smart Burn Engine Rate of MKR Accumulation +summary: Signal your support or opposition to changing the Smart Burn Engine Rate of MKR Accumulation. discussion_link: https://forum.makerdao.com/t/smart-burn-engine-the-rate-of-mkr-accumulation-reconfiguration-and-transaction-analysis-parameter-reconfiguration-update-5/23737 parameters: input_format: single-choice From 5b5e4565fe2d9a2ad38dc253d975882c6e253bf5 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 26 Feb 2024 12:57:14 -0200 Subject: [PATCH 03/13] Update governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md Co-authored-by: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> --- ...ine - Rate of MKR Accumulation Change - February 26, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md b/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md index 3f4a1fa83..c26b6e05f 100644 --- a/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md +++ b/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md @@ -32,7 +32,7 @@ The community can vote in this poll to express support or opposition to the foll To implement this change, the following Smart Burn Engine (SBE) parameter will be adjusted: -- Decrease the [`hop` parameter](https://mips.makerdao.com/mips/details/MIP104#9-1-3-1a) for 6,570 seconds from 26,280 seconds to **19,710 seconds**. +- Decrease the [`hop` parameter](https://mips.makerdao.com/mips/details/MIP104#9-1-3-1a) 6,570 seconds from 26,280 seconds to **19,710 seconds**. Please review the discussion [thread](https://forum.makerdao.com/t/smart-burn-engine-the-rate-of-mkr-accumulation-reconfiguration-and-transaction-analysis-parameter-reconfiguration-update-5/23737) to help inform your position before voting. From 075fbb3faa4c0ab38276bb45d43866965d303cd3 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 26 Feb 2024 12:57:26 -0200 Subject: [PATCH 04/13] Update governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md Co-authored-by: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> --- ...end Ethereum - Activate Cap Automator - February 26, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md index 5dc34a961..54975c6c7 100644 --- a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md +++ b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md @@ -1,6 +1,6 @@ --- title: SparkLend Ethereum - Activate Cap Automator - February 26, 2024 -summary: Signal your support or opposition to activating the SparkLend Cap Automator +summary: Signal your support or opposition to activating the SparkLend Cap Automator. discussion_link: https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739 parameters: input_format: single-choice From 28ab269e4eefc7c93c501b78ea4aa96de6ddd060 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 26 Feb 2024 12:58:51 -0200 Subject: [PATCH 05/13] Update governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md Co-authored-by: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> --- ...end Ethereum - Activate Cap Automator - February 26, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md index 54975c6c7..f69828c63 100644 --- a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md +++ b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md @@ -28,7 +28,7 @@ The Governance Facilitators have placed a Governance Poll into the voting system The 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)](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 approved, the module will be activated with the following max limit (max), buffer size (gap) and cooldown (ttl) parameters for the covered assets: +If approved, the module will be activated with the following max limit (max), buffer size (gap), and cooldown (ttl) parameters for the covered assets: #### DAI From 80c8a8dda4c30ec6a573ce45b2fcfce541d9d182 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 26 Feb 2024 13:00:21 -0200 Subject: [PATCH 06/13] Update governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md Co-authored-by: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> --- ...um - Collateral Parameter Adjustments - February 26, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md b/governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md index 45f006b2a..3c131812f 100644 --- a/governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md +++ b/governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md @@ -1,6 +1,6 @@ --- title: SparkLend Ethereum - Collateral Parameter Changes - February 26, 2024 -summary: Signal your support or opposition to the SparkLend Collateral Parameter Changes +summary: Signal your support or opposition to the SparkLend Collateral Parameter Changes. discussion_link: https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739 parameters: input_format: single-choice From 6169372783a8d0a256728cfefa37e49a72ccfb9a Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 26 Feb 2024 13:00:56 -0200 Subject: [PATCH 07/13] Update governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md Co-authored-by: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> --- ...Lend Ethereum - Activate Cap Automator - February 26, 2024.md | 1 - 1 file changed, 1 deletion(-) diff --git a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md index f69828c63..6feaeb3d9 100644 --- a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md +++ b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md @@ -45,7 +45,6 @@ n/a: No borrow or supply caps needed as this is effectively handled through Make * ttl: 12 hours * max: 1 million WETH - #### wstETH * Supply cap From faaa52cc88bb9cc742f9c888079625cd52a630d2 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 26 Feb 2024 13:01:11 -0200 Subject: [PATCH 08/13] Update governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md Co-authored-by: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> --- ...Lend Ethereum - Activate Cap Automator - February 26, 2024.md | 1 - 1 file changed, 1 deletion(-) diff --git a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md index 6feaeb3d9..202962ff2 100644 --- a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md +++ b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md @@ -78,7 +78,6 @@ n/a: No borrow or supply caps needed as this is effectively handled through Make * ttl: 12 hours * max: 2,000 WBTC - #### sDAI * Supply cap From 14b8afff68d0598bb1a82a18beb160452c1b77d8 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 26 Feb 2024 13:01:19 -0200 Subject: [PATCH 09/13] Update governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md Co-authored-by: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> --- ...Lend Ethereum - Activate Cap Automator - February 26, 2024.md | 1 - 1 file changed, 1 deletion(-) diff --git a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md index 202962ff2..e8beed0ba 100644 --- a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md +++ b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md @@ -109,7 +109,6 @@ n/a: No borrow or supply caps needed as this is effectively handled through Make * ttl: 12 hours * max: 28.5 million USDT - Please review the discussion [thread](https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739) to help inform your position before voting. ## Outcomes From c4282c9dc9c547a1898c05417cf8e89a3ecbc7d8 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 26 Feb 2024 13:01:28 -0200 Subject: [PATCH 10/13] Update governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md Co-authored-by: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> --- ...Lend Ethereum - Activate Cap Automator - February 26, 2024.md | 1 - 1 file changed, 1 deletion(-) diff --git a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md index e8beed0ba..d13ea67db 100644 --- a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md +++ b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md @@ -86,7 +86,6 @@ n/a: No borrow or supply caps needed as this is effectively handled through Make * max: 1 billion sDAI * Borrow cap: n/a - not a borrowable asset - #### USDC * Supply cap From d8887284165c108f2ba4513bcd18c6ae0db1f378 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 26 Feb 2024 13:01:35 -0200 Subject: [PATCH 11/13] Update governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md Co-authored-by: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> --- ...eum - Collateral Parameter Adjustments - February 26, 2024.md | 1 - 1 file changed, 1 deletion(-) diff --git a/governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md b/governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md index 3c131812f..59e2f87a1 100644 --- a/governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md +++ b/governance/polls/SparkLend Ethereum - Collateral Parameter Adjustments - February 26, 2024.md @@ -59,7 +59,6 @@ The community can vote in this poll to express support or opposition to the foll * Increase LTV from 90% to **92%** - Please review the discussion [thread](https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739) to help inform your position before voting. ## Outcomes From 18a6559a10473eb9eba98b4bb81f4c6da0f36120 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 26 Feb 2024 13:09:12 -0200 Subject: [PATCH 12/13] blimpa review --- ... Rate of MKR Accumulation Change - February 26, 2024.md | 7 ++++--- 1 file changed, 4 insertions(+), 3 deletions(-) diff --git a/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md b/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md index c26b6e05f..5ee127e78 100644 --- a/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md +++ b/governance/polls/Smart Burn Engine - Rate of MKR Accumulation Change - February 26, 2024.md @@ -28,9 +28,9 @@ The Governance Facilitators have placed a Governance Poll into the voting system The community can vote in this poll to express support or opposition to the following Smart Burn Engine (SBE) change: -- Increase The [Rate Of MKR Accumulation](https://mips.makerdao.com/mips/details/MIP104#9-1-2a) by 20M DAI per year from 60M DAI per year to **80M DAI per year**. +- Increase The [Rate Of MKR Accumulation](https://mips.makerdao.com/mips/details/MIP104#9-1-2a) by 20 Million DAI per year from 60 Million DAI per year to **80 Million DAI per year**. -To implement this change, the following Smart Burn Engine (SBE) parameter will be adjusted: +To implement this change, the following SBE parameter will be adjusted: - Decrease the [`hop` parameter](https://mips.makerdao.com/mips/details/MIP104#9-1-3-1a) 6,570 seconds from 26,280 seconds to **19,710 seconds**. @@ -43,6 +43,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/smart-burn-en * 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 has expired. +* MIP104 will be edited accordingly. **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.** @@ -54,4 +55,4 @@ If you are new to voting in the Maker Protocol, please see the [voting guide](ht 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). From e01268addcb43d71bf651f53f909c8fd8c709971 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 26 Feb 2024 13:16:15 -0200 Subject: [PATCH 13/13] JanSky and blimpa review --- ...ivate Cap Automator - February 26, 2024.md | 84 +++++++++---------- 1 file changed, 40 insertions(+), 44 deletions(-) diff --git a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md index d13ea67db..863582069 100644 --- a/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md +++ b/governance/polls/SparkLend Ethereum - Activate Cap Automator - February 26, 2024.md @@ -30,83 +30,79 @@ The community can vote in this poll to express support or opposition to activati If approved, the module will be activated with the following max limit (max), buffer size (gap), and cooldown (ttl) parameters for the covered assets: -#### DAI - -n/a: No borrow or supply caps needed as this is effectively handled through Maker D3M. - #### WETH * Supply cap - * gap: 150,000 WETH - * ttl: 12 hours - * max: 2 million WETH + * `gap`: 150,000 WETH + * `ttl`: 12 hours + * `max`: 2 million WETH * Borrow cap - * gap: 10,000 WETH - * ttl: 12 hours - * max: 1 million WETH + * `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 + * `gap`: 50,000 wstETH + * `ttl`: 12 hours + * `max`: 1.2 million wstETH * Borrow cap - * gap: 100 wstETH - * ttl: 12 hours - * max: 3,000 wstETH + * `gap`: 100 wstETH + * `ttl`: 12 hours + * `max`: 3,000 wstETH #### rETH * Supply cap - * gap: 10,000 rETH - * ttl: 12 hours - * max: 80,000 rETH + * `gap`: 10,000 rETH + * `ttl`: 12 hours + * `max`: 80,000 rETH * Borrow cap - * gap: 100 rETH - * ttl: 12 hours - * max: 2,400 rETH + * `gap`: 100 rETH + * `ttl`: 12 hours + * `max`: 2,400 rETH #### WBTC * Supply cap - * gap: 500 WBTC - * ttl: 12 hours - * max: 5,000 WBTC + * `gap`: 500 WBTC + * `ttl`: 12 hours + * `max`: 5,000 WBTC * Borrow cap - * gap: 100 WBTC - * ttl: 12 hours - * max: 2,000 WBTC + * `gap`: 100 WBTC + * `ttl`: 12 hours + * `max`: 2,000 WBTC #### sDAI * Supply cap - * gap: 50 million sDAI - * ttl: 12 hours - * max: 1 billion sDAI + * `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 + * `gap`: n/a + * `ttl`: n/a + * `max`: 60 million USDC * Borrow cap - * gap: 6 million USDC - * ttl: 12 hours - * max: 57 million USDC + * `gap`: 6 million USDC + * `ttl`: 12 hours + * `max`: 57 million USDC #### USDT * Supply cap - * gap: n/a - * ttl: n/a - * max: 30 million USDT + * `gap`: n/a + * `ttl`: n/a + * `max`: 30 million USDT * Borrow cap - * gap: 3 million USDT - * ttl: 12 hours - * max: 28.5 million USDT + * `gap`: 3 million USDT + * `ttl`: 12 hours + * `max`: 28.5 million USDT Please review the discussion [thread](https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739) to help inform your position before voting. @@ -130,4 +126,4 @@ If you are new to voting in the Maker Protocol, please see the [voting guide](ht 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).