A new Executive Vote is live in the Maker Governance portal. 🗳️ https://vote.makerdao.com/executive/template-executive-vote-stability-fee-changes-sparklend-d3m-maximum-debt-ceiling-increase-spark-dai-morpho-vault-d3m-deployment-dsr-decrease-sbe-parameter-update-hvbank-dao-resolution-approval-trigger-spark-proxy-spell-march-26-2024 MKR holders and delegates can use their voting power to deploy the changes listed below if they support them. If this Executive Vote passes, the following changes will take place within the Maker Protocol, and can be executed 48 hours after the approval: 📊 Stability Fee (SF) Changes • Decrease the ETH-A SF from 15.25% to 13.25%. • Decrease the ETH-B SF from 15.75% to 13.75%. • Decrease the ETH-C SF from 15% to 13.00%. • Decrease the WSTETH-A SF from 16.25% to 14.25%. • Decrease the WSTETH-B SF from 16% to 14.00%. • Decrease the WBTC-A SF from 16.75% to 14.75%. • Decrease the WBTC-B SF from 17.25% to 15.25%. • Decrease the WBTC-C SF from 16.50% to 14.50%. ⚡ SparkLend D3M Update • Increase the SparkLend D3M Maximum Debt Ceiling by 1.0 billion DAI from 1.5 billion DAI to 2.5 billion DAI. 🦋 D3M to Spark DAI Morpho Vault (DIRECT-SPARK-MORPHO-DAI) Deploy the Spark DAI Morpho Vault with the following parameters: D3M DC-IAM Parameters • Maximum Debt Ceiling (line): 100 million DAI • Target Available Debt (gap): 100 million DAI • Ceiling Increase Cooldown (ttl): 24 hours • Debt Write-off Timelock (tau) (Defines the time to elapse before debt can be written off after a D3M has been caged): 7 days D3M Addresses • oracle: 0xA5AA14DEE8c8204e424A55776E53bfff413b02Af • plan: 0x374b5f915aaED790CBdd341E6f406910d648fD39 • pool: 0x9C259F14E5d9F35A0434cD3C4abbbcaA2f1f7f7E • operator: 0x298b375f24CeDb45e936D7e21d6Eb05e344adFb5 Aditional actions: The DIRECT_MOM Breaker will be extended to include the Morpho D3M, enabling governance to deactivate vault functionality through an executive spell without waiting for the GSM Pause Delay. 📊 Dai Savings Rate (DSR) Change • Decrease the DSR by 2% from 15% to 13% 🔥 Smart Burn Engine (SBE) Parameter Updates • The hop (frequency) parameter will be decreased by 7,884 seconds from 19,710 seconds to 11,826 seconds • The bump (lot size) parameter will be increased by 25,000 DAI, from 50,000 DAI to 75,000 DAI 🏦 Approve HVBank (RWA009-A) Dao Resolution • HVBank (RWA009-A) Dao Resolution with IPFS hash QmStrc9kMCmgzh2EVunjJkPsJLhsVRYyrNFBXBbJAJMrrf will be approved. ⚡ Trigger Spark Proxy Spell A Spark proxy spell at 0x210DF2e1764Eb5491d41A62E296Ea39Ab56F9B6d will be triggered. This proxy spell will take the following action: • [SparkLend Ethereum] Increase the WBTC Supply Cap max by 1,000 WBTC, from 5,000 to 6,000 WBTC. • [SparkLend Ethereum] Decrease the Effective DAI Borrow Rate by 2 percentage points from 16.00% to 14.00%. • Transfer ownership of the Morpho Vault. MKR holders and delegates now is the time to actively engage and shape the future direction of MakerDAO: Vote directly through the Executive Proposal: https://vote.makerdao.com/executive/template-executive-vote-stability-fee-changes-sparklend-d3m-maximum-debt-ceiling-increase-spark-dai-morpho-vault-d3m-deployment-dsr-decrease-sbe-parameter-update-hvbank-dao-resolution-approval-trigger-spark-proxy-spell-march-26-2024 or Delegate your MKR to one or more Recognized Delegates: https://vote.makerdao.com/delegates