Spark Liquidity Layer Mainnet and Arbitrum - Onboard Arbitrum One to the Spark Liquidity Layer - February 10, 2025
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, February 10 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 onboarding Arbitrum One to the Spark Liquidity Layer with the following addresses and parameters:
Addresses
-
Spark Governance: 0x65d946e533748A998B1f0E430803e39A6388f7a1.
-
SSR Oracle: 0xEE2816c1E1eed14d444552654Ed3027abC033A36.
-
ALM Controller: 0x77e11453a99a7770b04f7921FfccD3eE9761ba6c.
-
ALM Proxy: 0x92afd6F2385a90e44da3a8B60fe36f6cBe1D8709.
-
ALM Rate Limits: 0x19D08879851FB54C2dCc4bb32b5a1EA5E9Ad6838.
Initial Rate Limits
- CCTP Global: Unlimited
- CCTP from Arbitrum to Ethereum: 50 million max, 25 million / day slope
- CCTP from Ethereum to Arbitrum: 50 million max, 25 million / day slope (Rate Limit on Ethereum)
- USDC Deposit: 50 million max, 50 million / day slope
- USDC Withdraw: 50 million max, 50 million / day slope
- USDS Deposit: Unlimited
- USDS Withdraw: Unlimited
- sUSDS Deposit: Unlimited
- sUSDS Withdraw: Unlimited
Initial Mint
Mint an initial 100 million USDS and 100 million USDS worth of sUSDS to Arbitrum One.
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:
- 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.