The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, March 24 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 increasing the USDC supply/borrow caps on SparkLend Ethereum as follows:

• Supply cap
  • gap: 150 million USDC
  • max: increase by 940 million USDC from 60 million USDC to 1 billion USDC
• Borrow cap
  • gap: increase by 44 million USDC from 6 million USDC to 50 million USDC
  • max: increase by 893 million USDC from 57 million UDSC to 950 million USDC

The ttl will remain unchanged at 12 hours for both borrow and supply cap automators.

The definitions for these parameters can be found in the Atlas under 3.9, Measures For Endgame Transition - SparkLend Risk Parameters - Cap Automators. Please review the discussion thread 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:

• Phoenix Labs will prepare a Spark spell to include this change on SparkLend Ethereum.
• 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 Sky Protocol after the 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 Sky Protocol, please see the voting guide to learn how voting works.

Additional information about the Governance process can be found in the Operational Manual.

To add current and upcoming votes to your calendar, please see the Governance Calendar.