Poll: SparkLend Ethereum - Update Morpho DAI Vault Supply Caps - November 4, 2024

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.

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 updating Morpho DAI vault Supply Caps as follows:

• Increase PT-sUSDe-26Dec2024 91.5% pool Supply Cap by 150 million DAI from 100 million DAI to 250 million DAI.
• Increase PT-sUSDe-27Mar2025 91.5% pool Supply Cap by 100 million DAI from 100 million DAI to 200 million DAI.

Please review the discussion thread 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 facilitate preparation of a Spark spell to increase the PT-sUSDe-26Dec2024 91.5% pool Supply Cap to 250 million DAI and the PT-sUSDe-27Mar2025 91.5% pool Supply Cap to 200 million DAI 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 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.

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Resources

If you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.

Additional information about the Governance process can be found in the Maker Operational Manual.

To add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.