New proposals are up for voting in the Maker Governance portal.

Following the latest posts from @blockanalitica and @phoenixlabsdev in the Maker Forum, two new polls are live to initiate the LITE-PSM-USDC-A Phase 1 and to activate a Morpho market for Pendle PT tokens.

Here’s a breakdown:

LITE-PSM-USDC-A Phase 1 Parameter Proposal

To kick off Phase 1 of the LITE-PSM-USDC-A, the BA Labs team has proposed the following parameter adjustments:

• Deploy PSM_MOM GSM Delay Exception.

• Migrate 20 million USDC from PSM-USDC-A to LITE-PSM-USDC-A via an upcoming script.

• Set the following DC-IAM DAI liquidity parameters:

PSM-USDC-A

• tin & tout: 0.

• DC-IAM line: 10 billion DAI.

• DC-IAM gap: Decrease to 380 million DAI.

• DC-IAM ttl: 12 hours.

LITE-PSM-USDC-A

• tin & tout: 0.

• DC-IAM line: 50 million DAI.

• DC-IAM gap: 20 million DAI.

• DC-IAM ttl: 12 hours.

• buf: 20 million DAI.

• GSM Delay: Decrease to 16 hours.

• ESM (Emergency Shutdown Module) minimum threshold: Increase to 300,000 MKR.

• Deploy a keeper network job for calling permissionless LitePSM functions

SparkLend Ethereum - Activate a Morpho Market for Pendle PT sUSDe

Phoenix Labs proposes integrating a PT sUSDe market to meet the demand for fixed-rate products using Ethena's tokens. BA Labs recommends the following parameters for onboarding Pendle PT sUSDe collateral:

• PT Maturity Date: 2024-10-25.

• Pool LLTV: 86%.

• Pool supply cap: 100 million DAI.

• Initial Dai allocation: 25 million DAI.

• Oracle: Fixed 1 USD value per PT, aligned with USDe redemption value at maturity.