The latest Executive Vote has been approved by Maker Governance. → https://t.co/YRMNTkJv26 The changes described below will be executed within the Maker Protocol on June 17th at 14:00 UTC. ⚡ Spark Proxy Spell A Spark proxy spell at 0x258FD2E6b5C155aa5f3e84326A622288bd70f376 will trigger the following change: Onboard weETH to SparkLend on Mainnet @ether_fi’s weETH will be onboarded to SparkLend on mainnet with the following initial parameters: • Loan to Value: 75% • Liquidation Threshold: 73% • Supply Cap: 5,000 weETH For the complete list of parameters, visit the Executive Vote link at the beginning of this post. 🚨 Disable Starknet Dai Bridge To transition from the old Starknet Dai Bridge to the new version maintained by Starkgate, deposits on the old bridge will be disabled. Withdrawals will remain possible. 💰 Launch Project Funding The following transfers will be made to the Launch Project: • 5,000,000 DAI to 0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F • 450 MKR to 0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F Funds will continue supporting the development of various areas, including Marketing and Branding, advanced language AI systems, Ops tooling, Spells, Risk, SubDAO Development, Legal, Infrastructure, and Stability projects. 💵 USDP Jar Housekeeping Following the recommendation of the Governance Facilitators in collaboration with the spell team, the following operations will be performed: • Raise PSM-PAX-A Debt Ceiling to 2,000 DAI. • Call push(uint256 amt) on MCD_PSM_PAX_A_INPUT_CONDUIT_JAR with an amount of 1,159 USDP. • Call void() on MCD_PSM_PAX_A_JAR. • Set PSM-PAX-A Debt Ceiling to 0 DAI. This will result in: • Debt Ceiling remains at 0 DAI after the transaction is executed. • Dai generated from PSM_PAX_A increases by 1,159 DAI. USDP balance of MCD_JOIN_PSM_PAX_A increases by 1,159 USDP. • USDP balance of PSM_PAX_A_INPUT_CONDUIT_JAR decreases to 0 USDP. • Surplus Buffer increases by 1,159 DAI. 💸 May 2024 Aligned Delegate Compensation Transfers for Aligned Delegate compensation will be made to qualifying Aligned Delegates, totaling 210.81 MKR. 💸 Q2 2024 AVC Member Participation Rewards Distributions totaling 100.08 MKR will be made for Q2 2024 AVC member compensation. This amount is prorated to two months due to recent amendments to The Atlas that removed the AVC Member role.
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