A new Executive Vote is live in the Maker Governance portal. 🗳 https://vote.makerdao.com/executive/template-executive-vote-increase-gsm-pause-delay-increase-spark-metamorpho-vault-maximum-debt-ceiling-add-native-vaults-to-debt-ceiling-breaker-sparklend-proxy-spell-and-taco-resolutions-april-4-2024 MKR holders and delegates can use their voting power to deploy the changes listed below if they support them. If this executive proposal passes, the following actions will occur within the Maker Protocol: 🕐 Governance Pause Delay (GSM) Increase • The Governance Pause Delay (GSM) will be increased from 16 to 30 hours. This modifies the time that must pass before an executive spell's changes can affect the Maker Protocol. 📈 Spark MetaMorpho Vault DDM Maximum Debt Ceiling (line) Increase • The Spark MetaMorpho Vault DDM Maximum Debt Ceiling (line) will increase from 100 million DAI to 1 billion DAI with an initial allocation of 600 million DAI. Recommended Vault DAI allocations • Total allocation across all pools: 600 million DAI. • Specific allocations to various LTV pools as detailed in the proposal. Performance and pool selection adjustments • Prioritize allocations towards USDe pools over sUSDe, reflecting user preferences and risk considerations. • Focus future allocations into the 86% and 91.5% LLTV pools for USDe, aligning with demand trends and liquidity risk assessments. Vault parameter adjustments • DDM DC-IAM Parameters: Line: 1 billion DAI Gap: 100 million DAI TTL: 24 hours 📊 Add ilks to Debt Ceiling Breaker (LINE_MOM) The following ilks will be added to the Debt Ceiling Breaker (LINE_MOM): • ETH-A • ETH-B • ETH-C • WSTETH-A • WSTETH-B • WBTC-A • WBTC-B • WBTC-C This proposed change would enable the quick disabling of borrowing from specific crypto collateral vault types in emergencies, by expanding the Debt Ceiling Breaker's scope to include all listed vault types without the usual delay. ⚡ Trigger SparkLend Proxy Spell If this executive proposal passes, the SparkLend Proxy spell at 0x7748C5E6EEda836247F2AfCd5a7c0dA3c5de9Da2 will be executed. The expected contents of this are: Increase ETH Borrow Cap gap Parameter • Increases ETH Market borrow cap gap parameter from 10,000 ETH to 20,000 ETH. Increase WBTC Supply Cap max Parameter • Increases WBTC market supply cap max parameter from 6,000 WBTC to 10,000 WBTC. Activate Kill Switch Security Module Adds a kill switch to disable all borrowing across markets in case of a depeg on key collateral assets. Update MetaMorpho Market Caps Updates Market Cap Parameters to the following: • USDe 77% LLTV pool cap: 1 billion DAI • USDe 86% LLTV pool cap: 500 million DAI • USDe 91.5% LLTV pool cap: 200 million DAI • USDe 94.5% LLTV pool cap: 10 million DAI • sUSDe 77% LLTV pool cap: 1 billion DAI • sUSDe 86% LLTV pool cap: 200 million DAI • sUSDe 91.5% LLTV pool cap: 50 million DAI • sUSDe 94.5% LLTV pool cap: 10 million DAI ✔️ Approve TACO Resolutions If this executive vote passes, the TACO resolutions posted within QmUarSLBgfvCK5Mco2QS8UraSqwxWtK5jKiEbxDYxE1C4A will be approved: • Deployment of Dai to invest in Ethena Protocol's synthetic dollar products, with BlockTower Capital Advisors acting as the arranger, Coinbase as the custodian, and Ankura Trust Company as the paying agent. 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-increase-gsm-pause-delay-increase-spark-metamorpho-vault-maximum-debt-ceiling-add-native-vaults-to-debt-ceiling-breaker-sparklend-proxy-spell-and-taco-resolutions-april-4-2024 or Delegate your MKR to one or more Recognized Delegates: https://vote.makerdao.com/delegates