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Polls 2024-07-15
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governance/polls/LITE-PSM-USDC-A Phase 1 Parameter Proposal - July 15, 2024.md
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title: LITE-PSM-USDC-A Phase 1 Parameter Proposal - July 15, 2024 | ||
summary: Signal your support or opposition to deploying a new LitePSM with recommended parameters. | ||
discussion_link: https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644 | ||
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: 2024-07-15T16:00:00 | ||
end_date: 2024-07-18T16:00:00 | ||
--- | ||
# Poll: LITE-PSM-USDC-A Phase 1 Parameter Proposal - July 15, 2024 | ||
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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, July 15 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 initiating the LITE-PSM-USDC-A Phase 1 with the following recommended changes: | ||
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- Deploy PSM_MOM GSM Delay Exception. | ||
- Migrate the initial 20 million USDC in reserves from PSM-USDC-A to LITE-PSM-USDC-A with a script executed in an upcoming spell. | ||
- Adjust the current DC-IAM DAI liquidity parameters between the two PSMs: | ||
- PSM-USDC-A | ||
- [`tin`](https://manual.makerdao.com/module-index/module-psm#fee-in-tin) & [`tout`](https://manual.makerdao.com/module-index/module-psm#fee-out-tout): **0** (remains unchanged). | ||
- [DC-IAM `line` (Maximum Debt Ceiling)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-1-maximum-debt-ceiling-line-): **10 billion DAI** (remains unchanged). | ||
- [DC-IAM `gap` (Target Available Debt)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-2-target-available-debt-gap-): Decrease by 20 million DAI, from 400 million DAI to **380 million DAI**. | ||
- [DC-IAM `ttl` (Ceiling Increase Cooldown)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-3-ceiling-increase-cooldown-ttl-): **12 hours** (remains unchanged). | ||
- LITE-PSM-USDC-A | ||
- [`tin`](https://manual.makerdao.com/module-index/module-psm#fee-in-tin) & [`tout`](https://manual.makerdao.com/module-index/module-psm#fee-out-tout): Set to **0**. | ||
- [DC-IAM `line` (Maximum Debt Ceiling)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-1-maximum-debt-ceiling-line-): Set to **50 million DAI**. | ||
- [DC-IAM `gap` (Target Available Debt)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-2-target-available-debt-gap-): Set to **20 million DAI**. | ||
- [DC-IAM `ttl` (Ceiling Increase Cooldown)](https://mips.makerdao.com/mips/details/MIP104#14-3-1-4-3-ceiling-increase-cooldown-ttl-): Set to **12 hours**. | ||
- [`buf`](https://forum.makerdao.com/t/litepsm-lite-psm-usdc-a-introduction-and-overview/24512#lite-psm-usdc-a-parameters-overview-8): Set to **20 million DAI**. | ||
- [GSM Delay](https://mips.makerdao.com/mips/details/MIP113#10-1-gsm-governance-security-module-pause-delay): Decrease by 14 hours, from 30 hours to **16 hours**. | ||
- [ESM (Emergency Shutdown Module) minimum threshold](https://manual.makerdao.com/module-index/module-emergency-shutdown#minimum-threshold-min): Increase by 150,000 MKR, from 150,000 MKR to **300,000 MKR**. | ||
- Deploy a keeper network job for calling permissionless LitePSM functions | ||
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Please review the discussion [thread](https://forum.makerdao.com/t/lite-psm-usdc-a-phase-1-test-period-proposed-parameters/24644) 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). |
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...Morpho market for Pendle PT sUSDe with Oct 25, 2024 Maturity - July 15, 2024.md
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title: SparkLend Ethereum - Activate a Morpho market for Pendle PT sUSDe with Oct 25, 2024 Maturity - July 15, 2024 | ||
summary: Signal your support or opposition to the addition of a Pendle PT sUSDe with October 25, 2024 maturity market to the Morpho Spark DAI Vault. | ||
discussion_link: https://forum.makerdao.com/t/jul-12-2024-proposed-changes-to-spark-for-upcoming-spell/24635 | ||
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: 2024-07-15T16:00:00 | ||
end_date: 2024-07-18T16:00:00 | ||
--- | ||
# Poll: SparkLend Ethereum - Activate a Morpho market for Pendle PT sUSDe with Oct 25, 2024 Maturity - July 15, 2024 | ||
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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, July 15 at 16:00 UTC. | ||
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**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'.** | ||
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## Review | ||
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The community can vote in this poll to express support or opposition to activating a Morpho market for Pendle PT sUSDe with Oct 25, 2024 maturity with the following parameters: | ||
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- PT Maturity Date: **2024-10-25**. | ||
- Pool LLTV: **86%**. | ||
- Pool supply cap: **100 million DAI**. | ||
- Initial Dai to be allocated: **25 million DAI**. | ||
- Oracle: **Fixed 1 USD value per PT (based on fixed 1 USD value per USDe used by the vault generally, and 1 USDe redemption value per PT at maturity)**. | ||
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Please review the discussion [thread](https://forum.makerdao.com/t/jul-12-2024-proposed-changes-to-spark-for-upcoming-spell/24635) 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:** | ||
|
||
- 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. | ||
|
||
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). |