Poll: SparkLend Mainnet - Update Morpho DAI Vault Supply Caps - March 31, 2025

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, March 31 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:

• Decrease PT-USDe-27Mar2025 91.5% pool Supply Cap by 100 million DAI from 100 million DAI to 0 DAI.
• Decrease PT-sUSDe-27Mar2025 91.5% pool Supply Cap by 500 million DAI from 500 million DAI to 0 million DAI.
• Increase PT-sUSDe-29May2025 91.5% pool Supply Cap by 200 million DAI from 200 million DAI to 400 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 update the Supply Caps on Sparklend Mainnet.
• 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.