From c6e999eb10613694fd3de18b948a92782b0b090e Mon Sep 17 00:00:00 2001 From: blimpa Date: Sat, 14 Sep 2024 17:16:48 -0300 Subject: [PATCH 01/25] WBTC offboarding Governance Polls --- ...boarding - Phase 1 - September 16, 2024.md | 71 ++++++++++++++++++ ...boarding - Phase 2 - September 16, 2024.md | 75 +++++++++++++++++++ ...boarding - Phase 3 - September 16, 2024.md | 63 ++++++++++++++++ ...boarding - Phase 4 - September 16, 2024.md | 64 ++++++++++++++++ ...oarding - Phase 5 - September 16, 2024 .md | 62 +++++++++++++++ 5 files changed, 335 insertions(+) create mode 100644 governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md create mode 100644 governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md create mode 100644 governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md create mode 100644 governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md create mode 100644 governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024 .md diff --git a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md new file mode 100644 index 000000000..30b928386 --- /dev/null +++ b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md @@ -0,0 +1,71 @@ +--- +title: Offboarding Parameters for WBTC Collateral Types - Phase 1 - September 16, 2024 +summary: Signal your support or opposition to the WBTC-A, WBTC-B, and WBTC-C offboarding parameter changes included herein. +discussion_link: https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26 +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: 2024-09-16T16:00:00 +end_date: 2024-09-19T16:00:00 +--- +# Poll: Offboarding Parameters for WBTC Collateral Types - Phase 1 - September 16, 2024 + +The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. 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, September 16 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 WBTC collateral types offboarding parameters described below. + +The WBTC collateral types offboarding will take place progressively over the course of several Executive Votes. + +### Legacy Vaults + +- Reduce Liquidation Penalty for WBTC-A, WBTC-B, and WBTC-C from 13% to **0%**. +- Set Linear Interpolation (LERP) for Liquidation Ratios: + - Increase WBTC-A LERP from 145% to **150% over 6 days**. + - Increase WBTC-B LERP from 130% to **150% over 6 days**. +- Reduce Stability Fees for WBTC-A, WBTC-B, and WBTC-C vaults to **0%**. + +### SparkLend + +- Reduce Liquidation Threshold from 75% to 70%. +- Update Cap Automator parameters: + - Reduce Supply Cap `gap` from 500 WBTC to **200 WBTC**. + - Reduce Supply Cap `max` from 10,000 WBTC to **5,000 WBTC**. + - Reduce Borrow Cap `gap` from 100 WBTC to **1 WBTC**. + - Reduce Borrow Cap `max` from 2,000 WBTC to **1 WBTC**. + +Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26) 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). diff --git a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md new file mode 100644 index 000000000..ac12fc5d4 --- /dev/null +++ b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md @@ -0,0 +1,75 @@ +--- +title: Offboarding Parameters for WBTC Collateral Types - Phase 2 - September 16, 2024 +summary: Signal your support or opposition to the WBTC-A, WBTC-B, and WBTC-C offboarding parameter changes included herein. +discussion_link: https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26 +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: 2024-09-16T16:00:00 +end_date: 2024-09-19T16:00:00 +--- +# Poll: Offboarding Parameters for WBTC Collateral Types - Phase 2 - September 16, 2024 + +The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. 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, September 16 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 WBTC collateral types offboarding parameters described below. + +The WBTC collateral types offboarding will take place progressively over the course of several Executive Votes. The tentative starting date for the Executive Vote corresponding to this Governance Poll can be found below under _Outcomes_. + +### Legacy Vaults + +- Set Linear Interpolation (LERP) for Liquidation Ratios: + - Increase WBTC-A LERP from 150% to **500% over 30 days**. + - Increase WBTC-B LERP from 150% to **500% over 30 days**. + - Increase WBTC-C LERP from 170% to **500% over 30 days**. +- Reduce Maximum Liquidation Throughput (`ilk.hole`) parameters: + - Reduce WBTC-A Maximum Liquidation Throughput from 10 million DAI to **3 million DAI**. + - Reduce WBTC-B Maximum Liquidation Throughput from 5 million DAI to **3 million DAI**. + - Reduce WBTC-C Maximum Liquidation Throughput from 10 million DAI to **3 million DAI**. + +### SparkLend + +- Reduce Liquidation Threshold from 70% to 65% +- Update Cap Automator parameters: + - Reduce Supply Cap `gap` from 200 WBTC to **100 WBTC**. + - Reduce Supply Cap `max` from 5,000 WBTC to **3,500 WBTC**. +- Update Interest Rate Model parameters: + - Increase base rate from 0% to **5%**. + - Increase slope 1 from 2% to **20%**. + +Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26) 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 with tentative starting date October 3, 2024. +- 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). diff --git a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md new file mode 100644 index 000000000..379229dd8 --- /dev/null +++ b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md @@ -0,0 +1,63 @@ +--- +title: Offboarding Parameters for WBTC Collateral Types - Phase 3 - September 16, 2024 +summary: Signal your support or opposition to the WBTC-A, WBTC-B, and WBTC-C offboarding parameter changes included herein. +discussion_link: https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26 +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: 2024-09-16T16:00:00 +end_date: 2024-09-19T16:00:00 +--- +# Poll: Offboarding Parameters for WBTC Collateral Types - Phase 3 - September 16, 2024 + +The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. 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, September 16 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 WBTC collateral types offboarding parameters described below. + +The WBTC collateral types offboarding will take place progressively over the course of several Executive Votes. The tentative starting date for the Executive Vote corresponding to this Governance Poll can be found below under _Outcomes_. + +### SparkLend + +- Reduce Liquidation Threshold from 65% to **50%**. +- Update Cap Automator parameters: + - Reduce Supply Cap `gap` from 100 WBTC to **50 WBTC**. + - Reduce Supply Cap `max` from 3,500 WBTC to **2,500 WBTC**. + +_This Governance Poll does not include legacy vault parameter changes; it only includes SparkLend parameter changes._ + +Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26) 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 with tentative starting date October 17, 2024. +- 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). diff --git a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md new file mode 100644 index 000000000..513f8fdbc --- /dev/null +++ b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md @@ -0,0 +1,64 @@ +--- +title: Offboarding Parameters for WBTC Collateral Types - Phase 4 - September 16, 2024 +summary: Signal your support or opposition to the WBTC-A, WBTC-B, and WBTC-C offboarding parameter changes included herein. +discussion_link: https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26 +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: 2024-09-16T16:00:00 +end_date: 2024-09-19T16:00:00 +--- +# Poll: Offboarding Parameters for WBTC Collateral Types - Phase 4 - September 16, 2024 + +The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. 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, September 16 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 WBTC collateral types offboarding parameters described below. + +The WBTC collateral types offboarding will take place progressively over the course of several Executive Votes. The tentative starting date for the Executive Vote corresponding to this Governance Poll can be found below under _Outcomes_. + +### SparkLend + +- Reduce Liquidation Threshold from 50% to **35%**. +- Update Cap Automator parameters: + - Remove WBTC from Cap Automator. + - Reduce Supply Cap to **0 WBTC**. + - Reduce Borrow Cap to **0 WBTC**. + +_This Governance Poll does not include legacy vault parameter changes; it only includes SparkLend parameter changes._ + +Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26) 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 with tentative starting date October 31, 2024. +- 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). diff --git a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024 .md b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024 .md new file mode 100644 index 000000000..841471bf5 --- /dev/null +++ b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024 .md @@ -0,0 +1,62 @@ +--- +title: Offboarding Parameters for WBTC Collateral Types - Phase 5 - September 16, 2024 +summary: Signal your support or opposition to the WBTC-A, WBTC-B, and WBTC-C offboarding parameter changes included herein. +discussion_link: https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26 +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: 2024-09-16T16:00:00 +end_date: 2024-09-19T16:00:00 +--- +# Poll: Offboarding Parameters for WBTC Collateral Types - Phase 5 - September 16, 2024 + +The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. 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, September 16 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 WBTC collateral types offboarding parameters described below. + +The WBTC collateral types offboarding will take place progressively over the course of several Executive Votes, with the one associated with this Governance Poll being the last one. The tentative starting date for the Executive Vote corresponding to this Governance Poll can be found below under _Outcomes_. + +### Legacy Vaults + +- Increase liquidation Ratios for WBTC-A, WBTC-B, and/or WBTC-C to trigger liquidation of any remaining positions. + +### SparkLend + +- Reduce Liquidation Threshold from 35% to **0%**. + +Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26) 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 tentatively starting in November, 2024. +- 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 052057c1b6db8099e37981adcd96fb2730fc54ef Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 07:32:10 -0100 Subject: [PATCH 02/25] Rename WBTC Offboarding - Phase 5 - September 16, 2024 .md to WBTC Offboarding - Phase 5 - September 16, 2024.md --- ...024 .md => WBTC Offboarding - Phase 5 - September 16, 2024.md} | 0 1 file changed, 0 insertions(+), 0 deletions(-) rename governance/polls/{WBTC Offboarding - Phase 5 - September 16, 2024 .md => WBTC Offboarding - Phase 5 - September 16, 2024.md} (100%) diff --git a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024 .md b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md similarity index 100% rename from governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024 .md rename to governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md From 571b4f0e2872778e4917023f2707798e107853b0 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 08:27:18 -0100 Subject: [PATCH 03/25] Add documentation links --- .../WBTC Offboarding - Phase 1 - September 16, 2024.md | 9 ++++++--- 1 file changed, 6 insertions(+), 3 deletions(-) diff --git a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md index 30b928386..fb832686a 100644 --- a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md @@ -34,20 +34,23 @@ The WBTC collateral types offboarding will take place progressively over the cou ### Legacy Vaults - Reduce Liquidation Penalty for WBTC-A, WBTC-B, and WBTC-C from 13% to **0%**. -- Set Linear Interpolation (LERP) for Liquidation Ratios: +- Set [Linear Interpolation (LERP)](https://manual.makerdao.com/module-index/module-lerp) for [Liquidation Ratios](https://manual.makerdao.com/parameter-index/vault-risk/param-liquidation-ratio): - Increase WBTC-A LERP from 145% to **150% over 6 days**. - Increase WBTC-B LERP from 130% to **150% over 6 days**. -- Reduce Stability Fees for WBTC-A, WBTC-B, and WBTC-C vaults to **0%**. +- Reduce [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for WBTC-A, WBTC-B, and WBTC-C vaults to **0%**. ### SparkLend -- Reduce Liquidation Threshold from 75% to 70%. +- Reduce [Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold) from 75% to **70%**. - Update Cap Automator parameters: - Reduce Supply Cap `gap` from 500 WBTC to **200 WBTC**. - Reduce Supply Cap `max` from 10,000 WBTC to **5,000 WBTC**. - Reduce Borrow Cap `gap` from 100 WBTC to **1 WBTC**. - Reduce Borrow Cap `max` from 2,000 WBTC to **1 WBTC**. + +For more details on the Cap Automator parameters, please visit this [forum post](https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739). + Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26) to help inform your position before voting. ## Outcomes From 895d708c65705e54a95fac7c958e62c8ae50ce15 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 09:37:17 -0100 Subject: [PATCH 04/25] Add documentation links 2 --- ...ffboarding - Phase 2 - September 16, 2024.md | 17 ++++++++++------- 1 file changed, 10 insertions(+), 7 deletions(-) diff --git a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md index ac12fc5d4..e265061ef 100644 --- a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md @@ -33,25 +33,28 @@ The WBTC collateral types offboarding will take place progressively over the cou ### Legacy Vaults -- Set Linear Interpolation (LERP) for Liquidation Ratios: +- Set [Linear Interpolation (LERP)](https://manual.makerdao.com/module-index/module-lerp) for [Liquidation Ratios](https://manual.makerdao.com/parameter-index/vault-risk/param-liquidation-ratio): - Increase WBTC-A LERP from 150% to **500% over 30 days**. - Increase WBTC-B LERP from 150% to **500% over 30 days**. - Increase WBTC-C LERP from 170% to **500% over 30 days**. -- Reduce Maximum Liquidation Throughput (`ilk.hole`) parameters: - - Reduce WBTC-A Maximum Liquidation Throughput from 10 million DAI to **3 million DAI**. - - Reduce WBTC-B Maximum Liquidation Throughput from 5 million DAI to **3 million DAI**. - - Reduce WBTC-C Maximum Liquidation Throughput from 10 million DAI to **3 million DAI**. +- Reduce [Local Liquidation Limit (`ilk.hole`)](https://manual.makerdao.com/parameter-index/collateral-auction/param-local-liquidation-limit) parameters: + - Reduce WBTC-A Local Liquidation Limit from 10 million DAI to **3 million DAI**. + - Reduce WBTC-B Local Liquidation Limit from 5 million DAI to **3 million DAI**. + - Reduce WBTC-C Local Liquidation Limit from 10 million DAI to **3 million DAI**. ### SparkLend -- Reduce Liquidation Threshold from 70% to 65% +- Reduce [Liquidation Threshold]([Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold)) from 70% to 65% - Update Cap Automator parameters: - Reduce Supply Cap `gap` from 200 WBTC to **100 WBTC**. - Reduce Supply Cap `max` from 5,000 WBTC to **3,500 WBTC**. -- Update Interest Rate Model parameters: +- Update [Interest Rate Model](https://docs.aave.com/risk/liquidity-risk/borrow-interest-rate#interest-rate-model) parameters: - Increase base rate from 0% to **5%**. - Increase slope 1 from 2% to **20%**. + +For more details on the Cap Automator parameters, please visit this [forum post](https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739). + Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26) to help inform your position before voting. ## Outcomes From 5952c4243040b4835d4c133058748838cff50136 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 09:38:54 -0100 Subject: [PATCH 05/25] Update governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md --- .../polls/WBTC Offboarding - Phase 2 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md index e265061ef..8ff1f9822 100644 --- a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md @@ -44,7 +44,7 @@ The WBTC collateral types offboarding will take place progressively over the cou ### SparkLend -- Reduce [Liquidation Threshold]([Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold)) from 70% to 65% +- Reduce [Liquidation Threshold]([Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold)) from 70% to **65%** - Update Cap Automator parameters: - Reduce Supply Cap `gap` from 200 WBTC to **100 WBTC**. - Reduce Supply Cap `max` from 5,000 WBTC to **3,500 WBTC**. From bf00dc33eb4f19ffdd09a6db13d5b66481259bce Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 09:47:02 -0100 Subject: [PATCH 06/25] Add documentation links 3 --- .../polls/WBTC Offboarding - Phase 2 - September 16, 2024.md | 2 +- .../polls/WBTC Offboarding - Phase 3 - September 16, 2024.md | 4 +++- .../polls/WBTC Offboarding - Phase 4 - September 16, 2024.md | 4 +++- .../polls/WBTC Offboarding - Phase 5 - September 16, 2024.md | 2 +- 4 files changed, 8 insertions(+), 4 deletions(-) diff --git a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md index 8ff1f9822..7f4f5d69b 100644 --- a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md @@ -44,7 +44,7 @@ The WBTC collateral types offboarding will take place progressively over the cou ### SparkLend -- Reduce [Liquidation Threshold]([Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold)) from 70% to **65%** +- Reduce [Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold) from 70% to **65%** - Update Cap Automator parameters: - Reduce Supply Cap `gap` from 200 WBTC to **100 WBTC**. - Reduce Supply Cap `max` from 5,000 WBTC to **3,500 WBTC**. diff --git a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md index 379229dd8..767a15de3 100644 --- a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md @@ -33,13 +33,15 @@ The WBTC collateral types offboarding will take place progressively over the cou ### SparkLend -- Reduce Liquidation Threshold from 65% to **50%**. +- Reduce [Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold) from 65% to **50%**. - Update Cap Automator parameters: - Reduce Supply Cap `gap` from 100 WBTC to **50 WBTC**. - Reduce Supply Cap `max` from 3,500 WBTC to **2,500 WBTC**. _This Governance Poll does not include legacy vault parameter changes; it only includes SparkLend parameter changes._ +For more details on the Cap Automator parameters, please visit this [forum post](https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739). + Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26) to help inform your position before voting. ## Outcomes diff --git a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md index 513f8fdbc..0dddc4d0f 100644 --- a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md @@ -33,7 +33,7 @@ The WBTC collateral types offboarding will take place progressively over the cou ### SparkLend -- Reduce Liquidation Threshold from 50% to **35%**. +- Reduce [Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold) from 50% to **35%**. - Update Cap Automator parameters: - Remove WBTC from Cap Automator. - Reduce Supply Cap to **0 WBTC**. @@ -41,6 +41,8 @@ The WBTC collateral types offboarding will take place progressively over the cou _This Governance Poll does not include legacy vault parameter changes; it only includes SparkLend parameter changes._ +For more details on the Cap Automator parameters, please visit this [forum post](https://forum.makerdao.com/t/feb-22-2024-proposed-changes-to-sparklend-for-upcoming-spell/23739). + Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26) to help inform your position before voting. ## Outcomes diff --git a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md index 841471bf5..2bc2f52e9 100644 --- a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md @@ -37,7 +37,7 @@ The WBTC collateral types offboarding will take place progressively over the cou ### SparkLend -- Reduce Liquidation Threshold from 35% to **0%**. +- Reduce [Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold) from 35% to **0%**. Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes-and-risk-mitigation-10-august-2024/24844/26) to help inform your position before voting. From d00de805fb26e39cc548ecec10cb92f4f1060217 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:35:26 -0100 Subject: [PATCH 07/25] Update governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md --- .../polls/WBTC Offboarding - Phase 1 - September 16, 2024.md | 3 ++- 1 file changed, 2 insertions(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md index fb832686a..1b15ee3f1 100644 --- a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md @@ -57,7 +57,8 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- **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. +- Two public announcements will inform users about this offboarding. +- Once 14 calendar days have passed following a second public announcement. This change will be included in an 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 e6af8b69685be582f56cbfe37bd48bc03d015738 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:41:33 -0100 Subject: [PATCH 08/25] Apply suggestions from CS's code review Co-authored-by: CivicSage3 <164015192+CivicSage3@users.noreply.github.com> --- .../WBTC Offboarding - Phase 1 - September 16, 2024.md | 4 ++-- .../WBTC Offboarding - Phase 2 - September 16, 2024.md | 6 +++--- .../WBTC Offboarding - Phase 3 - September 16, 2024.md | 4 ++-- .../WBTC Offboarding - Phase 4 - September 16, 2024.md | 8 ++++---- .../WBTC Offboarding - Phase 5 - September 16, 2024.md | 4 ++-- 5 files changed, 13 insertions(+), 13 deletions(-) diff --git a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md index 1b15ee3f1..b5a2a2d71 100644 --- a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md @@ -60,7 +60,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- - Two public announcements will inform users about this offboarding. - Once 14 calendar days have passed following a second public announcement. This change will be included in an 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 Executive Vote passes, then these changes will become active in the Sky 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.** @@ -68,7 +68,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- ## 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. +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. Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). diff --git a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md index 7f4f5d69b..595cdd4b6 100644 --- a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md @@ -48,7 +48,7 @@ The WBTC collateral types offboarding will take place progressively over the cou - Update Cap Automator parameters: - Reduce Supply Cap `gap` from 200 WBTC to **100 WBTC**. - Reduce Supply Cap `max` from 5,000 WBTC to **3,500 WBTC**. -- Update [Interest Rate Model](https://docs.aave.com/risk/liquidity-risk/borrow-interest-rate#interest-rate-model) parameters: +- Update [Interest Rate Model (IRM)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.3_Interest_Rate_Model_Definition-83e3f4f2-5e8e-4383-95e5-3af1bfb19210|57eaf45219be608847d6) parameters: - Increase base rate from 0% to **5%**. - Increase slope 1 from 2% to **20%**. @@ -63,7 +63,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- - This change will be included in an upcoming Executive Vote with tentative starting date October 3, 2024. - 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 Executive Vote passes, then these changes will become active in the Sky 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.** @@ -71,7 +71,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- ## 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. +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. Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). diff --git a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md index 767a15de3..e4488b4b6 100644 --- a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md @@ -50,7 +50,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- - This change will be included in an upcoming Executive Vote with tentative starting date October 17, 2024. - 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 Executive Vote passes, then these changes will become active in the Sky 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.** @@ -58,7 +58,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- ## 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. +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. Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). diff --git a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md index 0dddc4d0f..d14fbdb9c 100644 --- a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md @@ -36,8 +36,8 @@ The WBTC collateral types offboarding will take place progressively over the cou - Reduce [Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold) from 50% to **35%**. - Update Cap Automator parameters: - Remove WBTC from Cap Automator. - - Reduce Supply Cap to **0 WBTC**. - - Reduce Borrow Cap to **0 WBTC**. + - Reduce Supply Cap `gap` from 50 WBTC to **0 WBTC**. + - Reduce Borrow Cap `max` from 2,500 WBTC to **0 WBTC**. _This Governance Poll does not include legacy vault parameter changes; it only includes SparkLend parameter changes._ @@ -51,7 +51,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- - This change will be included in an upcoming Executive Vote with tentative starting date October 31, 2024. - 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 Executive Vote passes, then these changes will become active in the Sky 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.** @@ -59,7 +59,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- ## 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. +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. Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). diff --git a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md index 2bc2f52e9..64e3870c9 100644 --- a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md @@ -47,7 +47,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- - This change will be included in an upcoming Executive Vote tentatively starting in November, 2024. - 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 Executive Vote passes, then these changes will become active in the Sky 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.** @@ -55,7 +55,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- ## 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. +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. Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com). From b74044962fb468fda05e9fe378f1e3f3a58509f3 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:49:00 -0100 Subject: [PATCH 09/25] Update governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md --- .../WBTC Offboarding - Phase 1 - September 16, 2024.md | 7 ++++++- 1 file changed, 6 insertions(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md index b5a2a2d71..1e9f6d6c4 100644 --- a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md @@ -37,7 +37,12 @@ The WBTC collateral types offboarding will take place progressively over the cou - Set [Linear Interpolation (LERP)](https://manual.makerdao.com/module-index/module-lerp) for [Liquidation Ratios](https://manual.makerdao.com/parameter-index/vault-risk/param-liquidation-ratio): - Increase WBTC-A LERP from 145% to **150% over 6 days**. - Increase WBTC-B LERP from 130% to **150% over 6 days**. -- Reduce [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for WBTC-A, WBTC-B, and WBTC-C vaults to **0%**. +- Reduce [Stability Fees](https://sky-atlas.powerhouse.io/#A.3.8.1.1.2.3_Stability_Fee-67e40a3b-f1c2-4dc6-b502-2affeab0b232|57eaf45219bea3b430c2) for WBTC-A, WBTC-B, and WBTC-C vaults as follows: + +WBTC-A: Decrease Stability Fee by 7.75 percentage points, from 7.75% to **0%**. +WBTC-B: Decrease Stability Fee by 8.25 percentage points, from 8.25% to **0%**. +WBTC-C: Decrease Stability Fee by 7.50 percentage points, from 7.50% to **0%**. + ### SparkLend From 4dc7ebc9cdb34ac7b46d02ef4c473b96a9b0e28c Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 11:31:44 -0100 Subject: [PATCH 10/25] Apply suggestions from code review Co-authored-by: CivicSage3 <164015192+CivicSage3@users.noreply.github.com> --- .../polls/WBTC Offboarding - Phase 1 - September 16, 2024.md | 2 +- .../polls/WBTC Offboarding - Phase 2 - September 16, 2024.md | 2 +- .../polls/WBTC Offboarding - Phase 3 - September 16, 2024.md | 2 +- .../polls/WBTC Offboarding - Phase 4 - September 16, 2024.md | 2 +- 4 files changed, 4 insertions(+), 4 deletions(-) diff --git a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md index 1e9f6d6c4..f52bbdef7 100644 --- a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md @@ -47,7 +47,7 @@ WBTC-C: Decrease Stability Fee by 7.50 percentage points, from 7.50% to **0%**. ### SparkLend - Reduce [Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold) from 75% to **70%**. -- Update Cap Automator parameters: +- Update [Cap Automator](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4_Cap_Automators-f9f321a3-b09d-453b-8726-d20f059faa1c|57eaf45219be6088) parameters: - Reduce Supply Cap `gap` from 500 WBTC to **200 WBTC**. - Reduce Supply Cap `max` from 10,000 WBTC to **5,000 WBTC**. - Reduce Borrow Cap `gap` from 100 WBTC to **1 WBTC**. diff --git a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md index 595cdd4b6..4a1bcc985 100644 --- a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md @@ -45,7 +45,7 @@ The WBTC collateral types offboarding will take place progressively over the cou ### SparkLend - Reduce [Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold) from 70% to **65%** -- Update Cap Automator parameters: +- Update [Cap Automator](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4_Cap_Automators-f9f321a3-b09d-453b-8726-d20f059faa1c|57eaf45219be6088) parameters: - Reduce Supply Cap `gap` from 200 WBTC to **100 WBTC**. - Reduce Supply Cap `max` from 5,000 WBTC to **3,500 WBTC**. - Update [Interest Rate Model (IRM)](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.3_Interest_Rate_Model_Definition-83e3f4f2-5e8e-4383-95e5-3af1bfb19210|57eaf45219be608847d6) parameters: diff --git a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md index e4488b4b6..496c1e607 100644 --- a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md @@ -34,7 +34,7 @@ The WBTC collateral types offboarding will take place progressively over the cou ### SparkLend - Reduce [Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold) from 65% to **50%**. -- Update Cap Automator parameters: +- Update [Cap Automator](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4_Cap_Automators-f9f321a3-b09d-453b-8726-d20f059faa1c|57eaf45219be6088) parameters: - Reduce Supply Cap `gap` from 100 WBTC to **50 WBTC**. - Reduce Supply Cap `max` from 3,500 WBTC to **2,500 WBTC**. diff --git a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md index d14fbdb9c..61ecae131 100644 --- a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md @@ -34,7 +34,7 @@ The WBTC collateral types offboarding will take place progressively over the cou ### SparkLend - Reduce [Liquidation Threshold](https://docs.aave.com/risk/asset-risk/risk-parameters#liquidation-threshold) from 50% to **35%**. -- Update Cap Automator parameters: +- Update [Cap Automator](https://sky-atlas.powerhouse.io/#A.3.8.1.5.4_Cap_Automators-f9f321a3-b09d-453b-8726-d20f059faa1c|57eaf45219be6088) parameters: - Remove WBTC from Cap Automator. - Reduce Supply Cap `gap` from 50 WBTC to **0 WBTC**. - Reduce Borrow Cap `max` from 2,500 WBTC to **0 WBTC**. From 45a3ec368b1d8478d8a55a96b515ac34eae542a1 Mon Sep 17 00:00:00 2001 From: blimpa <72349134+blimpa@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:01:10 -0300 Subject: [PATCH 11/25] Update governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md Co-authored-by: CivicSage3 <164015192+CivicSage3@users.noreply.github.com> --- .../polls/WBTC Offboarding - Phase 1 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md index f52bbdef7..78bf92bee 100644 --- a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md @@ -17,7 +17,7 @@ end_date: 2024-09-19T16:00:00 --- # Poll: Offboarding Parameters for WBTC Collateral Types - Phase 1 - September 16, 2024 -The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. 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, September 16 at 16:00 UTC. +The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211|0db30308) will be active for three days beginning on Monday, September 16 at 16:00 UTC. **This is a binary vote.** From 07d47fa97fb8cf843045c8ace29a737777be90d6 Mon Sep 17 00:00:00 2001 From: blimpa <72349134+blimpa@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:01:27 -0300 Subject: [PATCH 12/25] Update governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md Co-authored-by: CivicSage3 <164015192+CivicSage3@users.noreply.github.com> --- .../polls/WBTC Offboarding - Phase 1 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md index 78bf92bee..e561ad26a 100644 --- a/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 1 - September 16, 2024.md @@ -77,4 +77,4 @@ If you are new to voting in the Sky Protocol, please see the [voting guide](http 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). +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). From 19b6027206e0be27fa73bfb0d7479b7f1587910a Mon Sep 17 00:00:00 2001 From: blimpa <72349134+blimpa@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:01:47 -0300 Subject: [PATCH 13/25] Update governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md Co-authored-by: CivicSage3 <164015192+CivicSage3@users.noreply.github.com> --- .../polls/WBTC Offboarding - Phase 2 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md index 4a1bcc985..c811b102e 100644 --- a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md @@ -17,7 +17,7 @@ end_date: 2024-09-19T16:00:00 --- # Poll: Offboarding Parameters for WBTC Collateral Types - Phase 2 - September 16, 2024 -The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. 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, September 16 at 16:00 UTC. +The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211|0db30308) will be active for three days beginning on Monday, September 16 at 16:00 UTC. **This is a binary vote.** From 6db2c3752dc30f20120637920350f076851ad1ff Mon Sep 17 00:00:00 2001 From: blimpa <72349134+blimpa@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:01:59 -0300 Subject: [PATCH 14/25] Update governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md Co-authored-by: CivicSage3 <164015192+CivicSage3@users.noreply.github.com> --- .../polls/WBTC Offboarding - Phase 3 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md index 496c1e607..fdd602d15 100644 --- a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md @@ -17,7 +17,7 @@ end_date: 2024-09-19T16:00:00 --- # Poll: Offboarding Parameters for WBTC Collateral Types - Phase 3 - September 16, 2024 -The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. 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, September 16 at 16:00 UTC. +The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211|0db30308) will be active for three days beginning on Monday, September 16 at 16:00 UTC. **This is a binary vote.** From 01d659e2f5e81003778fac06c8f8974f96847d08 Mon Sep 17 00:00:00 2001 From: blimpa <72349134+blimpa@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:02:11 -0300 Subject: [PATCH 15/25] Update governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md Co-authored-by: CivicSage3 <164015192+CivicSage3@users.noreply.github.com> --- .../polls/WBTC Offboarding - Phase 4 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md index 61ecae131..2a8361eb1 100644 --- a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md @@ -17,7 +17,7 @@ end_date: 2024-09-19T16:00:00 --- # Poll: Offboarding Parameters for WBTC Collateral Types - Phase 4 - September 16, 2024 -The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. 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, September 16 at 16:00 UTC. +The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211|0db30308) will be active for three days beginning on Monday, September 16 at 16:00 UTC. **This is a binary vote.** From e30ab153eee9d9cd139a753dee4d08416b7088c0 Mon Sep 17 00:00:00 2001 From: blimpa <72349134+blimpa@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:02:19 -0300 Subject: [PATCH 16/25] Update governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md Co-authored-by: CivicSage3 <164015192+CivicSage3@users.noreply.github.com> --- .../polls/WBTC Offboarding - Phase 5 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md index 64e3870c9..d7bea20cc 100644 --- a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md @@ -17,7 +17,7 @@ end_date: 2024-09-19T16:00:00 --- # Poll: Offboarding Parameters for WBTC Collateral Types - Phase 5 - September 16, 2024 -The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. 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, September 16 at 16:00 UTC. +The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211|0db30308) will be active for three days beginning on Monday, September 16 at 16:00 UTC. **This is a binary vote.** From db71e1e475440d3f21bec8217ddc1a2c5f90428c Mon Sep 17 00:00:00 2001 From: blimpa <72349134+blimpa@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:02:28 -0300 Subject: [PATCH 17/25] Update governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md Co-authored-by: CivicSage3 <164015192+CivicSage3@users.noreply.github.com> --- .../polls/WBTC Offboarding - Phase 5 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md index d7bea20cc..fce38a4dc 100644 --- a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md @@ -59,4 +59,4 @@ If you are new to voting in the Sky Protocol, please see the [voting guide](http 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). +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). From 3876585115a83b9a34604db63c186d703c9e601a Mon Sep 17 00:00:00 2001 From: blimpa <72349134+blimpa@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:02:38 -0300 Subject: [PATCH 18/25] Update governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md Co-authored-by: CivicSage3 <164015192+CivicSage3@users.noreply.github.com> --- .../polls/WBTC Offboarding - Phase 4 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md index 2a8361eb1..ec3601587 100644 --- a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md @@ -63,4 +63,4 @@ If you are new to voting in the Sky Protocol, please see the [voting guide](http 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). +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). From fb5ef6759a017782e75d1bcb59e1e79f8e34e0f5 Mon Sep 17 00:00:00 2001 From: blimpa <72349134+blimpa@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:02:46 -0300 Subject: [PATCH 19/25] Update governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md Co-authored-by: CivicSage3 <164015192+CivicSage3@users.noreply.github.com> --- .../polls/WBTC Offboarding - Phase 3 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md index fdd602d15..1f2e49ebb 100644 --- a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md @@ -62,4 +62,4 @@ If you are new to voting in the Sky Protocol, please see the [voting guide](http 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). +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). From f347d79649c4579f843666693f879655c1974bce Mon Sep 17 00:00:00 2001 From: blimpa <72349134+blimpa@users.noreply.github.com> Date: Mon, 16 Sep 2024 10:02:55 -0300 Subject: [PATCH 20/25] Update governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md Co-authored-by: CivicSage3 <164015192+CivicSage3@users.noreply.github.com> --- .../polls/WBTC Offboarding - Phase 2 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md index c811b102e..da78e2d7f 100644 --- a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md @@ -75,4 +75,4 @@ If you are new to voting in the Sky Protocol, please see the [voting guide](http 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). +To add current and upcoming votes to your calendar, please see the [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). From efe36385e646278408d766087bf07460094a2437 Mon Sep 17 00:00:00 2001 From: blimpa Date: Mon, 16 Sep 2024 10:23:51 -0300 Subject: [PATCH 21/25] Removed 30-day expectation for phases 4 and 5 --- .../polls/WBTC Offboarding - Phase 4 - September 16, 2024.md | 1 - .../polls/WBTC Offboarding - Phase 5 - September 16, 2024.md | 1 - 2 files changed, 2 deletions(-) diff --git a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md index ec3601587..ff1210d31 100644 --- a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md @@ -50,7 +50,6 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- **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 with tentative starting date October 31, 2024. -- 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 Sky 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.** diff --git a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md index fce38a4dc..1096734c4 100644 --- a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md @@ -46,7 +46,6 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- **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 tentatively starting in November, 2024. -- 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 Sky 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.** From 9516d5fa9d8262906d16e9011e1aabbc9e81c7bd Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 13:19:06 -0100 Subject: [PATCH 22/25] Update governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md --- .../polls/WBTC Offboarding - Phase 3 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md index 1f2e49ebb..e02e8c516 100644 --- a/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 3 - September 16, 2024.md @@ -48,7 +48,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- **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 with tentative starting date October 17, 2024. +- This change will be included in an upcoming Executive Vote with tentative starting date October 31, 2024. - 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 Sky Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired. From 36b6ee45ef7e998f02f557c76b29a14870e501d8 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 13:19:17 -0100 Subject: [PATCH 23/25] Update governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md --- .../polls/WBTC Offboarding - Phase 2 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md index da78e2d7f..06309428a 100644 --- a/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 2 - September 16, 2024.md @@ -61,7 +61,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- **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 with tentative starting date October 3, 2024. +- This change will be included in an upcoming Executive Vote with tentative starting date October 17, 2024. - 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 Sky Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired. From cbb83bd8c8a35ed8f24471521da1be4be480f775 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 13:20:38 -0100 Subject: [PATCH 24/25] Update governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md --- .../polls/WBTC Offboarding - Phase 4 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md index ff1210d31..bf7e34b47 100644 --- a/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 4 - September 16, 2024.md @@ -49,7 +49,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- **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 with tentative starting date October 31, 2024. +- This change will be included in an upcoming Executive Vote tentatively starting in November, 2024. - If the Executive Vote passes, then these changes will become active in the Sky 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.** From 7484736a543c23a8ece970795241410d064aaed2 Mon Sep 17 00:00:00 2001 From: VoteWizard <139255802+VoteWizard@users.noreply.github.com> Date: Mon, 16 Sep 2024 13:25:28 -0100 Subject: [PATCH 25/25] Update governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md --- .../polls/WBTC Offboarding - Phase 5 - September 16, 2024.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md index 1096734c4..663692da6 100644 --- a/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md +++ b/governance/polls/WBTC Offboarding - Phase 5 - September 16, 2024.md @@ -45,7 +45,7 @@ Please review the discussion [thread](https://forum.makerdao.com/t/wbtc-changes- **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 tentatively starting in November, 2024. +- This change will be included in a later spell of Phase 4, tentatively in November 2024. - If the Executive Vote passes, then these changes will become active in the Sky 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.**