Merge pull request #2564 from blimpa/polls-2024-02-22

Governance Polls 2024-02-19
makerdao · Feb 19, 2024 · 3849b6e · 3849b6e
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diff --git a/...nance/polls/Atlas Rate System Implementation Adjustments - February 19, 2024.md b/...nance/polls/Atlas Rate System Implementation Adjustments - February 19, 2024.md
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+---
+title: Atlas Rate System Implementation Adjustments - February 19, 2024
+summary: Signal your support or opposition to adjusting the Atlas Rate System implementation.
+discussion_link: https://forum.makerdao.com/t/atlas-rate-system-implementation-adjustments/23686
+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: 2024-02-19T16:00:00
+end_date: 2024-02-22T16:00:00
+---
+# Poll: Atlas Rate System Implementation Adjustments - February 19, 2024
+
+The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Scope Advisory Council Member, BA Labs. 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, February 19 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
+
+To move forward toward automation in the [new exposure model](https://forum.makerdao.com/t/atlas-rate-system-for-stability-fee-research-introduction-to-exposure-based-model/23239), BA Labs has decided to transition from spreadsheet-based modeling to Python-based modeling. To do so, some minor adjustments have to be implemented to make the model more precise.
+
+The adjustments include:
+
+- Making the exposure series continuous.
+- Modifying the KFb meta-parameter to be the sum of the previously calculated KFa and KFb.
+- Increasing the model's sensitivity to 0.01% exposures.
+
+To implement the aforementioned adjustments, the community is invited to vote in this poll to express support or opposition to the following changes:
+
+- [MIP104: Stability Scope Bounded Mutable Alignment Artifact](https://mips.makerdao.com/mips/details/MIP104#0-the-stability-scope) will be edited to incorporate the following parameter changes:
+  - Increase the ETH KFa factor by 5.48625% from 0.01375% to **5.5%**.
+  - Increase the ETH KFb factor by 40.49125% from 0.0875% to **40.5%**.
+  - Increase the WSTETH KFa factor by 3.49125% from 0.00875% to **3.5%**.
+  - Increase the WSTETH KFb factor by 13.475% from 0.0250% to **13.5%**.
+  - Increase the WBTC KFa factor by 3.49125% from 0.00875% to **3.5%**.
+  - Increase the WBTC KFb factor by 35.42% from 0.08% to **35.5%**.
+  - Increase the Spark KFa factor by 5.985% from 0.015% to **6%**.
+  - Increase the Spark KFb factor by 33.93% from 0.07% to **34%**.
+
+Please review the discussion [thread](https://forum.makerdao.com/t/atlas-rate-system-implementation-adjustments/23686) 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:**
+- [MIP104: Stability Scope Bounded Mutable Alignment Artifact](https://mips.makerdao.com/mips/details/MIP104#0-the-stability-scope) [3.2.2A](https://mips.makerdao.com/mips/details/MIP104#3-2-2a) and [14.3.1.3.1A](https://mips.makerdao.com/mips/details/MIP104#14-3-1-3-1a) will be edited to include the aforementioned parameter changes.
+- The WSTETH KFb factor is also addressed in Poll ID 1078. Should both polls pass, the parameter's final value will align with the outcome of Poll ID 1078.
+
+**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).
diff --git a/governance/polls/Decrease the WSTETH KFb Metaparameter - February 19, 2024.md b/governance/polls/Decrease the WSTETH KFb Metaparameter - February 19, 2024.md
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+---
+title: Decrease the WSTETH KFb Metaparameter - February 19, 2024
+summary: Signal your support or opposition to decrease the WSTETH KFb metaparameter.
+discussion_link: https://forum.makerdao.com/t/atlas-rate-system-iteration-1-adjusting-wsteth-asset-spread/23687
+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: 2024-02-19T16:00:00
+end_date: 2024-02-22T16:00:00
+---
+# Poll: Decrease the WSTETH KFb Metaparameter - February 19, 2024
+
+The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Scope Facilitator. 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, February 19 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 changes:
+
+- Decrease the WSTETH [`KFb` metaparameter](https://mips.makerdao.com/mips/details/MIP104#14-3-1-3-stability-fee-sf-) to **7.5%**.
+
+Please review the discussion [thread](https://forum.makerdao.com/t/atlas-rate-system-iteration-1-adjusting-wsteth-asset-spread/23687) 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:**
+
+- [MIP104 14.3.1.3.1A](https://mips.makerdao.com/mips/details/MIP104#14-3-1-3-1a) will be edited to reflect the decrease of the WSTETH `KFb` metaparameter.
+- The outcome of this poll will supersede the results of any other poll approved in the same weekly governance cycle, but only for the specific WSTETH KFb metaparameter. Other parameters modified by the other poll will remain unaffected.
+
+**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).
diff --git a/...e/polls/Increase wstETH Supply Cap to 1.2 million wstETH - February 19, 2024.md b/...e/polls/Increase wstETH Supply Cap to 1.2 million wstETH - February 19, 2024.md
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+---
+title: Increase wstETH Supply Cap to 1.2 Million wstETH - February 19, 2024
+summary: Signal your support or opposition to increasing the wstETH supply cap to 1.2 million wstETH.
+discussion_link: https://forum.makerdao.com/t/feb-14-2024-proposed-changes-to-sparklend-for-upcoming-spell/23684
+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: 2024-02-19T16:00:00
+end_date: 2024-02-22T16:00:00
+---
+# Poll: Increase wstETH Supply Cap to 1.2 Million wstETH - February 19, 2024
+
+The Governance Facilitators have placed a Governance Poll into the voting system on behalf of ecosystem actor Phoenix Labs. 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, February 19 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 changes:
+
+- Increase [wstETH](https://app.spark.fi/reserve-overview/?underlyingAsset=0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0&marketName=proto_spark_v3) [Supply Cap](https://docs.sparkprotocol.io/developers/sparklend/features/supply-borrow-caps#supply-caps) by 400,000 wstETH from 800,000 to **1.2 million wstETH**.
+
+Please review the discussion [thread](https://forum.makerdao.com/t/feb-14-2024-proposed-changes-to-sparklend-for-upcoming-spell/23684) 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).