The latest Executive Vote has been approved by Maker Governance.

→ https://t.co/57enwYmHaA

The changes described below will be available for execution within the Maker Protocol today at 19:02 UTC.

📊 Stability Scope Parameter Updates

Stability Fee Reductions:

• ETH-A: Decrease to 7.25%.

• ETH-B: Decrease to 7.25%

• ETH-C: Decrease to 7%.

• WSTETH-A: Decrease to 8.25%.

• WSTETH-B: Decrease to 8%.

• WBTC-A: Decrease to 8.75%.

• WBTC-B: Decrease to 9.25%.

• WBTC-C: Decrease to 8.5%.

Dai Savings Rate (DSR) Reduction:

• The Dai Savings Rate will decrease to 7%.

⚡ Spark Proxy Spell

A Spark Proxy Spell will be triggered at 0x91824fa4fd51E8440a122ffDd49C701F5C56D58e, deploying the following changes on SparkLend:

[Mainnet] Spark Effective DAI Borrow Rate Reduction

• Reduce the Spark Effective DAI Borrow Rate by 1 percentage point, to 8%.

[Mainnet] Increase Capacity of weETH

• Increase the weETH Supply Cap Max to 200,000 weETH.

• Increase the weETH Isolation Mode Debt Ceiling to 200 million DAI.

🔒 Update Chainlink Keeper Network Treasury Address

The Chainlink Keeper Network Treasury Address will be updated to 0xBE1cE564574377Acb17C2b7628E4F6dd38067a55.

This is a requirement to facilitate the upgrade of Chainlink Automation for MakerDAO from v2.0 to v2.1.

👻 Aave-SparkLend Revenue Share Payment

A payment of 219,125 DAI will be made to a smart contract controlled by Aave Governance at 0x464C71f6c2F760DdA6093dCB91C24c39e5d6e18c as part of the Aave-SparkLend Revenue Share.

💸 Aligned Delegate Compensation for June 2024

A total of 209.17 MKR will be distributed for Aligned Delegate Compensation as detailed in the poll details.