From 6020d690db6f1129e8212f4d243805fcdcf5fd5b Mon Sep 17 00:00:00 2001 From: blimpa Date: Sun, 8 Dec 2024 21:56:40 -0300 Subject: [PATCH 1/4] Create December 2024 out-of-schedule spell 2.md --- .../December 2024 out-of-schedule spell 2.md | 72 +++++++++++++++++++ 1 file changed, 72 insertions(+) create mode 100644 governance/votes/December 2024 out-of-schedule spell 2.md diff --git a/governance/votes/December 2024 out-of-schedule spell 2.md b/governance/votes/December 2024 out-of-schedule spell 2.md new file mode 100644 index 000000000..737d48d7c --- /dev/null +++ b/governance/votes/December 2024 out-of-schedule spell 2.md @@ -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/25648/2) +- **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) + +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/25648/2) +- **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) + +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). From d3973715170b8f478434b6b970b1c0cad874dc8e Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 9 Dec 2024 15:19:46 -0200 Subject: [PATCH 2/4] Rename December 2024 out-of-schedule spell 2.md to December 2024 out-of-schedule spell 3.md --- ...hedule spell 2.md => December 2024 out-of-schedule spell 3.md} | 0 1 file changed, 0 insertions(+), 0 deletions(-) rename governance/votes/{December 2024 out-of-schedule spell 2.md => December 2024 out-of-schedule spell 3.md} (100%) diff --git a/governance/votes/December 2024 out-of-schedule spell 2.md b/governance/votes/December 2024 out-of-schedule spell 3.md similarity index 100% rename from governance/votes/December 2024 out-of-schedule spell 2.md rename to governance/votes/December 2024 out-of-schedule spell 3.md From 506e8f3dfd98955e6e030cd337620d16300bc6a1 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 9 Dec 2024 15:23:46 -0200 Subject: [PATCH 3/4] Apply CS suggestions --- governance/votes/December 2024 out-of-schedule spell 3.md | 8 ++++---- 1 file changed, 4 insertions(+), 4 deletions(-) diff --git a/governance/votes/December 2024 out-of-schedule spell 3.md b/governance/votes/December 2024 out-of-schedule spell 3.md index 737d48d7c..713218e34 100644 --- a/governance/votes/December 2024 out-of-schedule spell 3.md +++ b/governance/votes/December 2024 out-of-schedule spell 3.md @@ -32,8 +32,8 @@ If this executive proposal does not pass within 30 days, then it will expire and ### 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/25648/2) -- **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) +- **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: @@ -49,8 +49,8 @@ If this executive proposal passes, then the [Stability Fees (SF)](https://sky-at ### 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/25648/2) -- **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) +- **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: From 24a804f432fc5baddaebfee28300f689bae6083c Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 9 Dec 2024 20:03:25 -0200 Subject: [PATCH 4/4] Rename December 2024 out-of-schedule spell 3.md to Executive Vote - December 2024 out-of-schedule spell 3.md --- ... => Executive Vote - December 2024 out-of-schedule spell 3.md} | 0 1 file changed, 0 insertions(+), 0 deletions(-) rename governance/votes/{December 2024 out-of-schedule spell 3.md => Executive Vote - December 2024 out-of-schedule spell 3.md} (100%) diff --git a/governance/votes/December 2024 out-of-schedule spell 3.md b/governance/votes/Executive Vote - December 2024 out-of-schedule spell 3.md similarity index 100% rename from governance/votes/December 2024 out-of-schedule spell 3.md rename to governance/votes/Executive Vote - December 2024 out-of-schedule spell 3.md