An upcoming Executive Vote will introduce a new set of parameter changes to the Maker Protocol, affecting multiple vault types.

Detailed information on these changes is available in the thread below:

Stability Fee Changes

• Decrease the ETH-A Stability Fee from 6.74% to 6.41%.

• Decrease the ETH-B Stability Fee from 7.24% to 6.91%.

• Decrease the ETH-C Stability Fee from 6.49% to 6.16%.

• Decrease the WSTETH-A Stability Fee from 7.16% to 6.65%.

• Decrease the WSTETH-B Stability Fee from 6.91% to 6.40%.

• Decrease the WBTC-A Stability Fee from 6.70% to 6.68%.

• Decrease the WBTC-B Stability Fee from 7.20% to 7.18%.

• Decrease the WBTC-C Stability Fee from 6.45% to 6.43%.

• Increase the Spark DAI Effective Borrow APY from 6.46% to 6.70%.

Yield Benchmark Parameter Changes

• Decrease the Yield Collateral Yield Benchmark from 5.45% to 5.43%.

• Increase the Stability Collateral Yield Benchmark from 0.87% to 1.74%.

Base Rate Changes

• Increase the Base Rate from 4.05% to 4.23%.

Dai Savings Rate (DSR) Changes

• Increase the Dai Savings Rate (DSR) from 3.80% to 3.98%.

Enhanced Dai Savings Rate (EDSR)

• DSR utilization levels are still in Tier 1. Enhanced Dai Savings Rate (EDSR) and effective DSR will remain at 5%.

Stability Fee Exposure Based Model Parameter Changes

Exposure Spread represents the current exposure as a percentage of the total DAI minted of a specific core asset and is currently used for ETH (calculated by summing up ETH and wstETH) and WBTC vault types.

Parameter K equals the Current %Exposure rounded to two decimal places.

• Decrease the ETH K parameter from 27.43% to 21.12%.

• Decrease the WSTETH K parameter from 12.46% to 7.04%.

• Increase the WBTC K parameter from 2.65% to 3.08%.

• Increase the Spark D3M K parameter from 15.53% to 20.20%.

• Decrease the Exposure Spread for ETH-A, ETH-B, ETH-C, WSTETH-A, and WSTETH-B from 1.49% to 1.16%.

Asset spread represents individual asset exposure as a percentage of the total DAI minted and is currently used for Liquid Staking Tokens (WSTETH-A, WSTETH-B) and to calculate the Spark DAI Borrow Effective APY.

• Decrease the Asset Spread for WSTETH-A and WSTETH-B, from 0.42% to 0.25%.

• Increase the Asset Spread for DIRECT-SPARK-DAI from 0.96% to 1.20%.

To fully understand the context behind the proposed changes, please read the original post on the Maker Forum.

→ https://t.co/8vsPfHS3Xg https://t.co/yFidtpe0Ei