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.../polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md
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title: Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025 | ||
summary: Signal your support or opposition to modifying the rate limits for Spark Liquidity Layer Mainnet USDS and USDC. | ||
discussion_link: https://forum.sky.money/t/jan-23-2025-proposed-changes-to-spark-for-upcoming-spell-2/25837 | ||
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: 2025-01-20T16:00:00 | ||
end_date: 2025-01-23T16:00:00 | ||
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# Poll: Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 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://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on Monday, January 20 at 16:00 UTC. | ||
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**This is a binary vote.** | ||
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- **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'.** | ||
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## Review | ||
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The community can vote in this poll to express support or opposition to the following rate limit parameters for Spark Liquidity Layer Mainnet USDS and USDC: | ||
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### Minting USDS | ||
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* Max amount: 50 million USDS | ||
* Slope: 50 million USDS per day | ||
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### Swapping USDS to USDC | ||
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* Max amount: 50 million USDC | ||
* Slope: 50 million USDC per day | ||
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### USDC CCTP (Cross-Chain Transfer Protocol) Transferring (All Routes) | ||
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* Max amount: 50 million USDS | ||
* Slope: 25 million USDS per day | ||
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More information on Rate Limits can be found [here](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits). | ||
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Please review the discussion [thread](https://forum.sky.money/t/jan-23-2025-proposed-changes-to-spark-for-upcoming-spell-2/25837) 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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* 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](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) 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 Maker 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 [Maker Operational Manual](https://manual.makerdao.com). | ||
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To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). |