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Merge pull request #2869 from blimpa/Governance-Polls-2025-03-24
Governance Polls 2024-03-24
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---
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title: Spark Liquidity Layer - Increase USDC Rate Limit for SparkLend - March 24, 2025
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summary: Signal your support or opposition to increasing the USDC rate limit on SparkLend Ethereum.
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discussion_link: https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155
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parameters:
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input_format: single-choice
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victory_conditions:
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- { type : plurality }
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result_display: single-vote-breakdown
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version: v2.0.0
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options:
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0: Abstain
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1: Yes
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2: No
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start_date: 2025-03-24T16:00:00
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end_date: 2025-03-27T16:00:00
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---
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# Poll: Spark Liquidity Layer - Increase USDC Rate Limit for SparkLend - March 24, 2025
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The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211%7C0db30308) will be active for three days beginning on Monday, March 24 at 16:00 UTC.
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**This is a binary vote.**
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- **You may vote for a single option.**
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- **You should vote for the option which you prefer.**
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- **If you would accept either option, you should vote 'Abstain'.**
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## Review
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The community can vote in this poll to express support or opposition to increasing USDC on the Spark Liquidity Layer on mainnet, with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits):
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- Deposits
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- `Max amount`: increase by 80 million USDC from 20 million USDC to **100 million USDC**
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- `Slope`: increase by 40 million USDC per day from 10 million USDC per day to **50 million USDC per day**
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- Withdrawals
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- `Max amount`: **Unlimited**
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Please review the discussion [thread](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155) to help inform your position before voting.
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## Outcomes
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**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
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- Phoenix Labs will prepare a Spark spell to include this change on SparkLend Ethereum.
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- This change will be included in an upcoming Executive Vote.
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- It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
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- If the Executive Vote passes, then these changes will become active in the Sky Protocol after the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.9.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) has expired.
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**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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---
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## Resources
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If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.
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Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com).
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To add current and upcoming votes to your calendar, please see the [Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).
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---
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title: Spark Liquidity Layer Mainnet - Grand Prix - Onboard BlackRock BUIDL-I - March 24, 2025
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summary: Signal your support or opposition to onboarding BUIDL-I to the Spark Liquidity Layer.
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discussion_link: https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155
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parameters:
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input_format: single-choice
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victory_conditions:
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- { type : plurality }
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result_display: single-vote-breakdown
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version: v2.0.0
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options:
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0: Abstain
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1: Yes
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2: No
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start_date: 2025-03-24T16:00:00
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end_date: 2025-03-27T16:00:00
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---
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# Poll: Spark Liquidity Layer Mainnet - Grand Prix - Onboard BlackRock BUIDL-I - March 24, 2025
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The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211%7C0db30308) will be active for three days beginning on Monday, March 24 at 16:00 UTC.
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**This is a binary vote.**
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- **You may vote for a single option.**
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- **You should vote for the option which you prefer.**
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- **If you would accept either option, you should vote 'Abstain'.**
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## Review
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The community can vote in this poll to express support or opposition to onboarding BUIDL-I to the Spark Liquidity Layer on mainnet with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits):
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- Deposits
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- `Max amount`: **500 million USDC**
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- `Slope`: **100 million USDC**
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- Withdrawals
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- `Max amount`: **Unlimited**
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Token address: [0x6a9DA2D710BB9B700acde7Cb81F10F1fF8C89041](https://etherscan.io/address/0x6a9DA2D710BB9B700acde7Cb81F10F1fF8C89041)
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Please review the discussion [thread](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155) to help inform your position before voting. A risk evaluation has been provided by BA Labs and can be found [here](https://forum.sky.money/t/risk-assessment-spark-tokenization-grand-prix-winners/26170).
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## Outcomes
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**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
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- This change will be included in an upcoming Executive Vote.
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- It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
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- If the Executive Vote passes, then these changes will become active in the Sky Protocol after the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.9.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) has expired.
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**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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---
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## Resources
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If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.
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Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com).
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To add current and upcoming votes to your calendar, please see the [Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).
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title: Spark Liquidity Layer Mainnet - Grand Prix - Onboard Centrifuge JTRSY - March 24, 2025
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summary: Signal your support or opposition to onboarding Centrifuge JTRSY to the Spark Liquidity Layer.
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discussion_link: https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155
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parameters:
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input_format: single-choice
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victory_conditions:
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- { type : plurality }
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result_display: single-vote-breakdown
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version: v2.0.0
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options:
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0: Abstain
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1: Yes
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2: No
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start_date: 2025-03-24T16:00:00
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end_date: 2025-03-27T16:00:00
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---
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# Poll: Spark Liquidity Layer Mainnet - Grand Prix - Onboard Centrifuge JTRSY - March 24, 2025
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The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211%7C0db30308) will be active for three days beginning on Monday, March 24 at 16:00 UTC.
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**This is a binary vote.**
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- **You may vote for a single option.**
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- **You should vote for the option which you prefer.**
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- **If you would accept either option, you should vote 'Abstain'.**
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## Review
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The community can vote in this poll to express support or opposition to onboarding Centrifuge JTRSY to the Spark Liquidity Layer on mainnet with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits):
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- Deposits
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- `Max amount`: **200 million USDC**
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- `Slope`: **100 million USDC**
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- Withdrawals
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- `Max amount`: **Unlimited**
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Token address: [0x8c213ee79581Ff4984583C6a801e5263418C4b86](https://etherscan.io/address/0x8c213ee79581Ff4984583C6a801e5263418C4b86)
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Please review the discussion [thread](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155) to help inform your position before voting. A risk evaluation has been provided by BA Labs and can be found [here](https://forum.sky.money/t/risk-assessment-spark-tokenization-grand-prix-winners/26170).
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## Outcomes
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**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
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- This change will be included in an upcoming Executive Vote.
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- It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
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- If the Executive Vote passes, then these changes will become active in the Sky Protocol after the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.9.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) has expired.
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**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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---
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## Resources
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If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.
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Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com).
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To add current and upcoming votes to your calendar, please see the [Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).
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title: Spark Liquidity Layer Mainnet - Grand Prix - Onboard Maple syrupUSDC - March 24, 2025
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summary: Signal your support or opposition to onboarding Maple syrupUSDC to the Spark Liquidity Layer.
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discussion_link: https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155
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parameters:
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input_format: single-choice
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victory_conditions:
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- { type : plurality }
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result_display: single-vote-breakdown
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version: v2.0.0
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options:
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0: Abstain
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1: Yes
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2: No
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start_date: 2025-03-24T16:00:00
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end_date: 2025-03-27T16:00:00
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---
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# Poll: Spark Liquidity Layer Mainnet - Grand Prix - Onboard Maple syrupUSDC - March 24, 2025
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The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211%7C0db30308) will be active for three days beginning on Monday, March 24 at 16:00 UTC.
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**This is a binary vote.**
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- **You may vote for a single option.**
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- **You should vote for the option which you prefer.**
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- **If you would accept either option, you should vote 'Abstain'.**
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## Review
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The community can vote in this poll to express support or opposition to onboarding Maple syrupUSDC to the Spark Liquidity Layer on mainnet with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits):
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- Deposits
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- `Max amount`: **25 million USDC**
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- `Slope`: **5 million USDC**
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- Withdrawals
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- `Max amount`: **Unlimited**
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Token address: [0x80ac24aA929eaF5013f6436cdA2a7ba190f5Cc0b](https://etherscan.io/address/0x80ac24aA929eaF5013f6436cdA2a7ba190f5Cc0b)
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Please review the discussion [thread](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155) to help inform your position before voting. A risk evaluation has been provided by BA Labs and can be found [here](https://forum.sky.money/t/risk-assessment-syrupusdc-integration-in-spark-liquidity-layer/26169).
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## Outcomes
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**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
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- This change will be included in an upcoming Executive Vote.
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- It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
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- If the Executive Vote passes, then these changes will become active in the Sky Protocol after the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.9.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) has expired.
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**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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---
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## Resources
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If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.
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Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com).
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To add current and upcoming votes to your calendar, please see the [Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).
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title: Spark Liquidity Layer Mainnet - Grand Prix - Onboard Superstate USTB - March 24, 2025
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summary: Signal your support or opposition to onboarding Superstate USTB to the Spark Liquidity Layer.
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discussion_link: https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155
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parameters:
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input_format: single-choice
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victory_conditions:
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- { type : plurality }
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result_display: single-vote-breakdown
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version: v2.0.0
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options:
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0: Abstain
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1: Yes
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2: No
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start_date: 2025-03-24T16:00:00
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end_date: 2025-03-27T16:00:00
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---
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# Poll: Spark Liquidity Layer Mainnet - Grand Prix - Onboard Superstate USTB - March 24, 2025
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The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211%7C0db30308) will be active for three days beginning on Monday, March 24 at 16:00 UTC.
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**This is a binary vote.**
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- **You may vote for a single option.**
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- **You should vote for the option which you prefer.**
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- **If you would accept either option, you should vote 'Abstain'.**
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## Review
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The community can vote in this poll to express support or opposition to onboarding Superstate USTB to the Spark Liquidity Layer on mainnet with the following [rate limits](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits):
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- Deposits
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- `Max amount`: **300 million USDC**
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- `Slope`: **100 million USDC**
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- Withdrawals
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- `Max amount`: **Unlimited**
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Token address: [0x43415eB6ff9DB7E26A15b704e7A3eDCe97d31C4e](https://etherscan.io/address/0x43415eB6ff9DB7E26A15b704e7A3eDCe97d31C4e)
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Please review the discussion [thread](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155) to help inform your position before voting. A risk evaluation has been provided by BA Labs and can be found [here](https://forum.sky.money/t/risk-assessment-spark-tokenization-grand-prix-winners/26170).
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## Outcomes
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**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
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- This change will be included in an upcoming Executive Vote.
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- It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
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- If the Executive Vote passes, then these changes will become active in the Sky Protocol after the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.9.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) has expired.
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**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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---
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## Resources
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If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.
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Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com).
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To add current and upcoming votes to your calendar, please see the [Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).
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title: SparkLend Ethereum - Increase USDC Supply and Borrow Caps - March 24, 2025
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summary: Signal your support or opposition to increasing the USDC supply and borrow caps on SparkLend Ethereum.
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discussion_link: https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155
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parameters:
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input_format: single-choice
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victory_conditions:
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- { type : plurality }
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result_display: single-vote-breakdown
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version: v2.0.0
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options:
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0: Abstain
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1: Yes
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2: No
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start_date: 2025-03-24T16:00:00
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end_date: 2025-03-27T16:00:00
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---
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# Poll: SparkLend Ethereum - Increase USDC Supply and Borrow Caps - March 24, 2025
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The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211%7C0db30308) will be active for three days beginning on Monday, March 24 at 16:00 UTC.
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**This is a binary vote.**
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- **You may vote for a single option.**
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- **You should vote for the option which you prefer.**
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- **If you would accept either option, you should vote 'Abstain'.**
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## Review
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The community can vote in this poll to express support or opposition to increasing the USDC supply/borrow caps on SparkLend Ethereum as follows:
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- Supply cap
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- `gap`: **150 million USDC**
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- `max`: increase by 940 million USDC from 60 million USDC to **1 billion USDC**
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- Borrow cap
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- `gap`: increase by 44 million USDC from 6 million USDC to **50 million USDC**
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- `max`: increase by 893 million USDC from 57 million UDSC to **950 million USDC**
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The `ttl` will remain unchanged at **12 hours** for both borrow and supply cap automators.
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The definitions for these parameters can be found [in the Atlas under 3.9, Measures For Endgame Transition - SparkLend Risk Parameters - Cap Automators](https://github.com/makerdao/next-gen-atlas/blob/7c760dc4d688220f2b954120597a69c1e108bd5a/Sky%20Atlas/Sky%20Atlas.html#L8989). Please review the discussion [thread](https://forum.sky.money/t/april-3-2025-proposed-changes-to-spark-for-upcoming-spell/26155) to help inform your position before voting.
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## Outcomes
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**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
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- Phoenix Labs will prepare a Spark spell to include this change on SparkLend Ethereum.
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- This change will be included in an upcoming Executive Vote.
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- It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
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- If the Executive Vote passes, then these changes will become active in the Sky Protocol after the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.9.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) has expired.
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**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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---
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## Resources
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If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.
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Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com).
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To add current and upcoming votes to your calendar, please see the [Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).

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