-
Notifications
You must be signed in to change notification settings - Fork 163
Commit
This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository.
Merge pull request #2809 from blimpa/Contingent-OOS-Exec-Doc-December-#2
OOS Exec Doc 2024-12-OOS3
- Loading branch information
Showing
1 changed file
with
72 additions
and
0 deletions.
There are no files selected for viewing
72 changes: 72 additions & 0 deletions
72
governance/votes/Executive Vote - December 2024 out-of-schedule spell 3.md
This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
Original file line number | Diff line number | Diff line change |
---|---|---|
@@ -0,0 +1,72 @@ | ||
--- | ||
title: Template - [Executive Vote] Out-of-schedule Executive Vote - Stability Fee Changes, Savings Rate Changes - $date | ||
summary: Increase Stability Fees for multiple vault types, increase Savings Rates. | ||
date: $date | ||
address: "$spell_address" | ||
|
||
--- | ||
# [Executive Proposal] Out-of-schedule Executive Vote - Stability Fee Changes, Savings Rate Changes - $date | ||
|
||
The Governance Facilitators, Sidestream, and Dewiz have placed an out-of-schedule executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol. | ||
|
||
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. | ||
|
||
--- | ||
|
||
## Executive Summary | ||
|
||
If this executive proposal passes, the following **actions** will occur within the Sky Protocol: | ||
|
||
- The [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for multiple vault types will be increased. | ||
- The [Savings Rates (DSR and SSR)](https://sky-atlas.powerhouse.io/A.4.3.1_Savings_Rates/5586fe33-b0af-41f0-9629-b1716c7c0967%7Cb3417d54) will be increased. | ||
|
||
**Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.** | ||
|
||
Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://sky-atlas.powerhouse.io/#A.1.8.2.1_Pause_Delay-a98b8227-95f6-4711-9d8d-f52cbc6ad2d0|0db30758e055). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**30 hours**](https://sky-atlas.powerhouse.io/#A.1.8.2.1.2_Pause_Delay_Current_Value-09d2514b-3169-4755-a654-2c774456980d|0db30758e055d2d0). | ||
|
||
If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol. | ||
|
||
--- | ||
|
||
## Proposal Details | ||
|
||
### Stability Fee Changes | ||
|
||
- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/5) | ||
- **Proposal**: [Forum Post](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/4) | ||
|
||
If this executive proposal passes, then the [Stability Fees (SF)](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for the vault types listed below will be changed as follows: | ||
|
||
- Increase ETH-A SF by 3.50 percentage points from 16.25% to **19.75%**. | ||
- Increase ETH-B SF by 3.50 percentage points from 16.75% to **20.25%**. | ||
- Increase ETH-C SF by 3.50 percentage points from 16.00% to **19.50%**. | ||
- Increase WSTETH-A SF by 3.50 percentage points from 17.25% to **20.75%**. | ||
- Increase WSTETH-B SF by 3.50 percentage points from 17.00% to **20.50%**. | ||
- Increase WBTC-A SF by 4.00 percentage points from 20.25% to **24.25%**. | ||
- Increase WBTC-B SF by 4.00 percentage points from 20.75% to **24.75%**. | ||
- Increase WBTC-C SF by 4.00 percentage points from 20.00% to **24.00%**. | ||
- Increase ALLOCATOR-SPARK-A SF by 2.94 percentage points from 15.19% to **18.13%**. | ||
|
||
### Savings Rate Changes | ||
|
||
- **Authorization**: [Ecosystem Approval](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/5) | ||
- **Proposal**: [Forum Post](https://forum.sky.money/t/out-of-schedule-executive-proposal-stability-scope-parameter-changes-19-sfs-dsr-ssr-spark-effective-dai-borrow-rate-spark-liquidity-layer/25648/4) | ||
|
||
If this executive proposal passes, then the following savings rate changes will take place: | ||
|
||
- Increase the [Dai Savings Rate (DSR)](https://sky-atlas.powerhouse.io/A.3.2.2.2_Dai_Savings_Rate/8e289e71-7ec5-4ce5-8d4d-41aab7a50f53|57eab733e951) by 3.00 percentage points from 14.50% to **17.50%**. | ||
- Increase the [Sky Savings Rate (SSR)](https://sky-atlas.powerhouse.io/A.3.2.2.3_Sky_Savings_Rate/73d91126-21c9-4e8a-bedf-8a51a432bb59|57eab733e951) by 3.00 percentage points from 15.50% to **18.50%**. | ||
|
||
The Spark Effective DAI Borrow Rate is tied to the DSR. Consequently, the above changes will increase it by ~3 percentage points from ~15.50% to **~18.50%**. | ||
|
||
## Review | ||
|
||
Community debate on these topics can be found on the Sky [Governance forum](https://forum.sky.money). Please review any linked threads to inform your position before voting. | ||
|
||
--- | ||
|
||
## Resources | ||
|
||
Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). | ||
|
||
To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). |