From 56744a78e86c40e830509c01a884fc48b42260e3 Mon Sep 17 00:00:00 2001 From: 0xldr Date: Mon, 4 Mar 2024 11:12:44 +0000 Subject: [PATCH 1/7] add spell copy - pending Spark address --- .../votes/Executive Vote - March 6, 2024.md | 238 ++++++++++++++++++ 1 file changed, 238 insertions(+) create mode 100644 governance/votes/Executive Vote - March 6, 2024.md 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..f0920a00a --- /dev/null +++ b/governance/votes/Executive Vote - March 6, 2024.md @@ -0,0 +1,238 @@ +--- +title: Template - [Executive Vote] Executive Vote - March 6, 2024 +summary: $summary +date: 2024-03-06T00:00:00.000Z +address: "$spell_address" + +--- +# [Executive Proposal] Executive Vote - 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 259.825 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. +- 20.835 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 $TBD 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](http://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 exeuctive proposal passes a Spark Protocol proxy spell at [$TBD]($TBD) 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). \ No newline at end of file From 88ed4b8cfecbf2736edaf60357b23e6b315d1e88 Mon Sep 17 00:00:00 2001 From: 0xldr <139177554+0xldr@users.noreply.github.com> Date: Mon, 4 Mar 2024 15:26:53 +0000 Subject: [PATCH 2/7] Apply suggestions from code review Co-authored-by: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> --- governance/votes/Executive Vote - March 6, 2024.md | 9 ++++----- 1 file changed, 4 insertions(+), 5 deletions(-) diff --git a/governance/votes/Executive Vote - March 6, 2024.md b/governance/votes/Executive Vote - March 6, 2024.md index f0920a00a..d530e6dd1 100644 --- a/governance/votes/Executive Vote - March 6, 2024.md +++ b/governance/votes/Executive Vote - March 6, 2024.md @@ -16,10 +16,10 @@ If you are new to voting in the Maker Protocol, please see the [voting guide](ht ## Executive Summary If this executive proposal passes, the following **changes** will occur within the Maker Protocol: -- Twelve Aligned Delegates will receive a total of 259.825 MKR as compensation for February 2024. +- 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. -- 20.835 MKR will be paid as a whistleblower bounty. +- 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 $TBD will be executed. @@ -31,7 +31,6 @@ This executive proposal includes an office-hours modifier that means that it **c If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. - --- ## Proposal Details @@ -88,7 +87,7 @@ If this executive proposal passes the following transfer of a whistleblower boun * Transfer **20.84 MKR** to @VeniceTree at [0xCDDd2A697d472d1e8a0B1B188646c756d097b058](https://etherscan.io/address/0xCDDd2A697d472d1e8a0B1B188646c756d097b058). -**Note:** the MKR amount has been rounded to 2 decimal places to aid in the spellcrafting and verification process. +**Note:** The MKR amount has been rounded to 2 decimal places to aid in the spellcrafting and verification process. ### WBTC Vault [Target Available Debt `gap`](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-2-target-available-debt-gap-) Changes @@ -102,7 +101,7 @@ If this executive proposal passes the following changes to the `gap` parameter w ### Spark Protocol Proxy Spell -If this exeuctive proposal passes a Spark Protocol proxy spell at [$TBD]($TBD) will be executed. The expected contents of this are: +If this executive proposal passes a Spark Protocol proxy spell at [$TBD]($TBD) will be executed. The expected contents of this are: #### SparkLend CapAutomator Activation From 79274b74ed7688ce3243666d201936446f8f91a9 Mon Sep 17 00:00:00 2001 From: 0xldr Date: Mon, 4 Mar 2024 15:37:49 +0000 Subject: [PATCH 3/7] update title and summary --- governance/votes/Executive Vote - March 6, 2024.md | 6 +++--- 1 file changed, 3 insertions(+), 3 deletions(-) diff --git a/governance/votes/Executive Vote - March 6, 2024.md b/governance/votes/Executive Vote - March 6, 2024.md index d530e6dd1..024305bab 100644 --- a/governance/votes/Executive Vote - March 6, 2024.md +++ b/governance/votes/Executive Vote - March 6, 2024.md @@ -1,11 +1,11 @@ --- -title: Template - [Executive Vote] Executive Vote - March 6, 2024 -summary: $summary +title: Template - [Executive Vote] Delegate Compensation, Smart Burn Engine Parameter Adjustment, Launch Project Funding, Whistleblower Bounty, WBTC Vault Parameter Changes, Spark Proxy Spell - March 6, 2024 +summary: Distribute delegate compensation for February 2024, decrease the Smart Burn Engine `hop` parameter, distribute DAI and MKR funding for the Launch Project, pay a whistleblower bounty, update the `gap` parameter for WBTC-A and WBTC-C, trigger a Spark Proxy Spell. date: 2024-03-06T00:00:00.000Z address: "$spell_address" --- -# [Executive Proposal] Executive Vote - March 6, 2024 +# [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. From d685062fb84e6c0289b8031b67a45a9157961f6a Mon Sep 17 00:00:00 2001 From: 0xldr Date: Mon, 4 Mar 2024 15:55:06 +0000 Subject: [PATCH 4/7] remove backticks from summary --- governance/votes/Executive Vote - March 6, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/votes/Executive Vote - March 6, 2024.md b/governance/votes/Executive Vote - March 6, 2024.md index 024305bab..a3b315bd4 100644 --- a/governance/votes/Executive Vote - March 6, 2024.md +++ b/governance/votes/Executive Vote - March 6, 2024.md @@ -1,6 +1,6 @@ --- 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. +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: "$spell_address" From 977e03e817b2a625da10b01261f26123a00352ce Mon Sep 17 00:00:00 2001 From: 0xldr Date: Mon, 4 Mar 2024 17:06:12 +0000 Subject: [PATCH 5/7] change http to https --- governance/votes/Executive Vote - March 6, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/votes/Executive Vote - March 6, 2024.md b/governance/votes/Executive Vote - March 6, 2024.md index a3b315bd4..3e9a2501c 100644 --- a/governance/votes/Executive Vote - March 6, 2024.md +++ b/governance/votes/Executive Vote - March 6, 2024.md @@ -71,7 +71,7 @@ If this executive proposal passes the following change to the `hop` parameter of ### Launch Project Funding * **Authorization**: [Accessibility Scope 9.1](https://mips.makerdao.com/mips/details/MIP108#9-1-launch-project-budget) -* **Proposal**: [Forum post](http://forum.makerdao.com/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/12) +* **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: From 8de5b1ef8d64cd4705e2b2a1f59628546d2cd107 Mon Sep 17 00:00:00 2001 From: 0xldr Date: Mon, 4 Mar 2024 17:25:23 +0000 Subject: [PATCH 6/7] add proxy spell address --- governance/votes/Executive Vote - March 6, 2024.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/governance/votes/Executive Vote - March 6, 2024.md b/governance/votes/Executive Vote - March 6, 2024.md index 3e9a2501c..d0c4d5b65 100644 --- a/governance/votes/Executive Vote - March 6, 2024.md +++ b/governance/votes/Executive Vote - March 6, 2024.md @@ -21,7 +21,7 @@ If this executive proposal passes, the following **changes** will occur within t - 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 $TBD will be executed. +- A proxy spell for Spark Protocol at 0xf3449d6D5827F0F6e0eE4a941f058307056D3736 will be executed. **Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.** @@ -101,7 +101,7 @@ If this executive proposal passes the following changes to the `gap` parameter w ### Spark Protocol Proxy Spell -If this executive proposal passes a Spark Protocol proxy spell at [$TBD]($TBD) will be executed. The expected contents of this are: +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 From b4a21bf86e1804c0927d2fdb4c2ac8d01edd3e7f Mon Sep 17 00:00:00 2001 From: 0xldr Date: Mon, 4 Mar 2024 17:29:58 +0000 Subject: [PATCH 7/7] bold new values for consistency --- .../votes/Executive Vote - March 6, 2024.md | 78 +++++++++---------- 1 file changed, 39 insertions(+), 39 deletions(-) diff --git a/governance/votes/Executive Vote - March 6, 2024.md b/governance/votes/Executive Vote - March 6, 2024.md index d0c4d5b65..84599545d 100644 --- a/governance/votes/Executive Vote - March 6, 2024.md +++ b/governance/votes/Executive Vote - March 6, 2024.md @@ -115,76 +115,76 @@ If this executive proposal passes, the module will be activated with the followi **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** #### SparkLend Collateral Parameter Changes