From 3ef9f26844ddc127a6f5969e017dcf859f0c2553 Mon Sep 17 00:00:00 2001 From: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> Date: Mon, 20 Jan 2025 00:29:39 -0600 Subject: [PATCH 1/8] Create Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md --- ...- Modify Rate Limits - January 20, 2025.md | 65 +++++++++++++++++++ 1 file changed, 65 insertions(+) create mode 100644 governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md diff --git a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md new file mode 100644 index 000000000..425b02717 --- /dev/null +++ b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md @@ -0,0 +1,65 @@ +--- +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 +--- +# Poll: Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025 + +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. + +**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 the following parameters for Spark Liquidity Layer Mainnet USDS and USDC: + +### Minting USDS: + + * Max amount: 50 million USDS + * Slope: 50 million USDS per day + +### Swapping USDS to USDC: + + * Max amount: 50 million USDC + * Slope: 50 million USDC per day + +### USDC CCTP Transfering (all routes): + + * Max amount: 50 million USDS + * Slope: 25 million USDS per day + +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. + +## Outcomes + +**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:** +* 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. + +**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.** + +--- + +## Resources + +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. + +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). From da9b7fa91560cec8b3f6c7c3df3ee562a3fc9be7 Mon Sep 17 00:00:00 2001 From: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> Date: Mon, 20 Jan 2025 08:14:10 -0600 Subject: [PATCH 2/8] Spacing suggestion Co-authored-by: blimpa <72349134+blimpa@users.noreply.github.com> --- ...dity Layer Mainnet - Modify Rate Limits - January 20, 2025.md | 1 + 1 file changed, 1 insertion(+) diff --git a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md index 425b02717..dea565b1b 100644 --- a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md +++ b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md @@ -20,6 +20,7 @@ end_date: 2025-01-23T16:00:00 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. **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'.** From 1ed8c3aa52802b8b1a8a696f960ade5181a94dd5 Mon Sep 17 00:00:00 2001 From: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> Date: Mon, 20 Jan 2025 08:14:27 -0600 Subject: [PATCH 3/8] Summary suggestion Co-authored-by: blimpa <72349134+blimpa@users.noreply.github.com> --- ...ity Layer Mainnet - Modify Rate Limits - January 20, 2025.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md index dea565b1b..513e9b351 100644 --- a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md +++ b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md @@ -27,7 +27,7 @@ The Governance Facilitators have placed a Governance Poll into the voting system ## Review -The community can vote in this poll to express support or opposition to the following parameters for Spark Liquidity Layer Mainnet USDS and USDC: +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: ### Minting USDS: From 07a308f1eaf54d35a25823fbb06fd762c97451fb Mon Sep 17 00:00:00 2001 From: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> Date: Mon, 20 Jan 2025 08:14:45 -0600 Subject: [PATCH 4/8] Format section Co-authored-by: blimpa <72349134+blimpa@users.noreply.github.com> --- ...ity Layer Mainnet - Modify Rate Limits - January 20, 2025.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md index 513e9b351..6802e796b 100644 --- a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md +++ b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md @@ -29,7 +29,7 @@ The Governance Facilitators have placed a Governance Poll into the voting system 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: -### Minting USDS: +### Minting USDS * Max amount: 50 million USDS * Slope: 50 million USDS per day From e52b65ed6a6140d613dc519a75a3fa76a03d3f8a Mon Sep 17 00:00:00 2001 From: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> Date: Mon, 20 Jan 2025 08:14:56 -0600 Subject: [PATCH 5/8] Format section Co-authored-by: blimpa <72349134+blimpa@users.noreply.github.com> --- ...ity Layer Mainnet - Modify Rate Limits - January 20, 2025.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md index 6802e796b..ed8e43933 100644 --- a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md +++ b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md @@ -34,7 +34,7 @@ The community can vote in this poll to express support or opposition to the foll * Max amount: 50 million USDS * Slope: 50 million USDS per day -### Swapping USDS to USDC: +### Swapping USDS to USDC * Max amount: 50 million USDC * Slope: 50 million USDC per day From 3cbf89a78f16617d9317c6070a144bfca4da2ecc Mon Sep 17 00:00:00 2001 From: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> Date: Mon, 20 Jan 2025 08:15:14 -0600 Subject: [PATCH 6/8] Expand title Co-authored-by: blimpa <72349134+blimpa@users.noreply.github.com> --- ...ity Layer Mainnet - Modify Rate Limits - January 20, 2025.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md index ed8e43933..4f52580b7 100644 --- a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md +++ b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md @@ -39,7 +39,7 @@ The community can vote in this poll to express support or opposition to the foll * Max amount: 50 million USDC * Slope: 50 million USDC per day -### USDC CCTP Transfering (all routes): +### USDC CCTP (Cross-Chain Transfer Protocol) Transferring (All Routes) * Max amount: 50 million USDS * Slope: 25 million USDS per day From f4e00b8a45caca4b3bd4ac96613654bec18fab0f Mon Sep 17 00:00:00 2001 From: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> Date: Mon, 20 Jan 2025 08:15:22 -0600 Subject: [PATCH 7/8] Spacing suggestion Co-authored-by: blimpa <72349134+blimpa@users.noreply.github.com> --- ...dity Layer Mainnet - Modify Rate Limits - January 20, 2025.md | 1 + 1 file changed, 1 insertion(+) diff --git a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md index 4f52580b7..bec2f2431 100644 --- a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md +++ b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md @@ -49,6 +49,7 @@ Please review the discussion [thread](https://forum.sky.money/t/jan-23-2025-prop ## Outcomes **If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:** + * 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. From 4e5a2a6f709ae08be08cc2cd05ff4716a7980763 Mon Sep 17 00:00:00 2001 From: MakerJanSky <137431968+MakerJanSky@users.noreply.github.com> Date: Mon, 20 Jan 2025 09:23:43 -0600 Subject: [PATCH 8/8] Adding Rate Limit Documentation --- ...ity Layer Mainnet - Modify Rate Limits - January 20, 2025.md | 2 ++ 1 file changed, 2 insertions(+) diff --git a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md index bec2f2431..3a816e39a 100644 --- a/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md +++ b/governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md @@ -44,6 +44,8 @@ The community can vote in this poll to express support or opposition to the foll * Max amount: 50 million USDS * Slope: 25 million USDS per day +More information on Rate Limits can be found [here](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits). + 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. ## Outcomes