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June 17 Poll Drafts
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---
title: SparkLend Ethereum - Increase Morpho DAI Vault Supply Caps - June 17, 2024
summary: Signal your support or opposition to increasing the DAI supply caps for select Morpho Spark DAI Vault on Ethereum mainnet.
discussion_link: https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489
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: 2024-06-17T16:00:00
end_date: 2024-06-20T16:00:00
---
# Poll: SparkLend Ethereum - Update Morpho Vault Supply Caps - June 17, 2024

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. 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, June 17 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 following changes to the [Morpho Spark DAI vault](https://morpho.blockanalitica.com/metamorpho/vaults/0x73e65dbd630f90604062f6e02fab9138e713edd9):

- Increase the supply cap of the [sUSDe 91.5% LLTV pool](https://morpho.blockanalitica.com/markets/1247f1c237eceae0602eab1470a5061a6dd8f734ba88c7cdc5d6109fb0026b28/) by 100 million DAI from 100 million DAI to **200 million DAI**.
- Increase the supply cap of the [sUSDe 86% LLTV pool](https://morpho.blockanalitica.com/markets/39d11026eae1c6ec02aa4c0910778664089cdd97c3fd23f68f7cd05e2e95af48/) by 100 million DAI from 400 million DAI to **500 million DAI**.

Please review the discussion [thread](https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489) and analysis from [BA Labs](https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489/2) 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 increase the sUSDe 91.5% LLTV pool supply cap to 200 million DAI and the sUSDe 86% LLTV pool supply cap to 500 million DAI on the Morpho Spark DAI vault.
- An upcoming Executive Vote will include a proposal to execute the Spark spell.
- 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

Further information about Spark Protocol can be found at its [Documentation Hub](https://docs.sparkprotocol.io/hub).

Morpho Spark DAI vault: https://forum.makerdao.com/t/introduction-and-initial-parameters-for-ddm-overcollateralized-spark-metamorpho-ethena-vault/23925

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).
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---
title: SparkLend Gnosis - Onboard USDC.e to SparkLend - June 17, 2024
summary: Signal your support or opposition to onboarding USDC.e (Bridged Circle USDC) to Spark Protocol on Gnosis with included parameters.
discussion_link: https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489
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: 2024-06-17T16:00:00
end_date: 2024-06-20T16:00:00
---
# Poll: SparkLend Gnosis - Onboard USDC.e to SparkLend - June 17, 2024

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. 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, June 17 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

This poll allows the MakerDAO governance community to signal their support or opposition to adding USDC.e (Bridged Circle USDC) to Spark Protocol on Gnosis with the parameters below:

### Spark Parameters

* Token: **USDC.e**
* Token Address: **[0x2a22f9c3b484c3629090FeED35F17Ff8F88f76F0](https://gnosisscan.io/token/0x2a22f9c3b484c3629090feed35f17ff8f88f76f0)**
* Oracle: 1:1 USD Fixed
* Oracle Provider: N/A
* Borrow Enabled: **Yes**
* Flash Loan Enabled: **Yes**
* Stable Rate Borrowing: **No**
* Collateral Enabled: **No**
* [Isolation Mode](https://docs.spark.fi/defi-infrastructure/sparklend/spark-lend-features#isolation-mode) Enabled: **No**
* Isolation Mode Debt Ceiling: n/a
* Loan To Value: **0%**
* Liquidation Threshold: **0%**
* Liquidation Bonus: **0%**
* Liquidation Protocol Fee: **0%**
* Base borrow rate: **0%**
* Slope1: **9%**
* Slope2: **15%**
* Optimal Utilization: **95%**
* Reserve factor: **10%**
* Borrowable in isolation mode: **Yes**
* [Siloed borrowing](https://docs.spark.fi/defi-infrastructure/sparklend#siloed-borrowing): **No**
* [Efficency Mode](https://docs.spark.fi/defi-infrastructure/sparklend#efficiency-mode-emode) "Emode" Category: **0**
* [Isolation Mode](https://docs.sparkprotocol.io/developers/features/isolation-mode) Enabled: N/A
* Isolation Mode Debt Ceiling: N/A
* [Supply cap](https://docs.spark.fi/defi-infrastructure/sparklend#supply-and-borrow-caps): **10,000,000 USDC.e**
* [Borrow cap](https://docs.spark.fi/defi-infrastructure/sparklend#supply-and-borrow-caps): **8,000,000 USDC.e**

Please review the proposal [thread](https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489) for more information about this proposed onboarding.

A risk evaluation has been provided by BA Labs and can be found [here](https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489/2).

## Outcomes

**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
* USDC.e (Bridged Circle USDC) will be onboarded to Spark Protocol Gnosis via a future 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 Spark 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

Further information about Spark Protocol can be found at its [Documentation Hub](https://docs.sparkprotocol.io/hub/).

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).
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---
title: SparkLend Gnosis - Update USDC Parameters to Prepare for Offboarding - June 17, 2024
summary: Signal your support or opposition to updating parameters for USDC (Circle USDC) for collateral offboarding.
discussion_link: https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489
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: 2024-06-17T16:00:00
end_date: 2024-06-20T16:00:00
---
# Poll: SparkLend Gnosis - Update USDC Parameters to Prepare for Offboarding - June 17, 2024

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. 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, June 17 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 following changes to the USDC (Circle USDC) interest rate model on SparkLend Gnosis:

- Reduce optimal utilization by 15% from 95% to **80%**.
- Increase Slope 2 by 35% from 15% to **50%**.
- Reduce borrow cap by 7 million USDC from 8 million USDC to **1 million USDC**.

Please review the discussion [thread](https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489) and [analysis by BA Labs](https://forum.makerdao.com/t/jun-12-2024-proposed-changes-to-sparklend-for-upcoming-spell/24489/2) 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 update the USDC (Circle USDC) interest rate model, as described above.
- An upcoming Executive Vote will include a proposal to execute the Spark spell.
- 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

Further information about Spark Protocol can be found at its [Documentation Hub](https://docs.sparkprotocol.io/hub).

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).

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