The latest Executive Vote has just gone live on the Maker Governance portal. 🗳️ https://t.co/uGCRHTjVOb 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: ⚡ Trigger Spark Proxy Spell A Spark proxy spell at 0x7bcDd1c8641F8a0Ef98572427FDdD8c26D642256 will be triggered. This includes changes that will adjust SparkLend’s risk parameters on Ethereum Mainnet and Gnosis Chain. The Spark’s MetaMorpho Vault allocation will also see increased supply caps. [Mainnet+Gnosis] SparkLend Interest Rate Model Update If this executive proposal passes, the following changes will be implemented on the SparkLend markets: Ethereum • ETH: Reduce slope 1 to 2.5% • USDC and USDT: Change slope 1 to DSR + 1%, and reduce slope 2 to 15% Gnosis • ETH: Reduce slope 1 to 2.5%, and reduce optimal utilization to 80% • DAI: Reduce slope 1 to 9%, reduce slope 2 to 15%, and increase optimal utilization to 95% • USDC, USDT and EURe: Reduce slope 1 to 9%, reduce slope 2 to 15%, and increase optimal utilization to 95% [Mainnet] Update Spark’s MetaMorpho Vault Supply Caps To capitalize on Ethena's recent rate adjustments, the following changes on the Spark’s MetaMorpho Vault will take effect: • Increase the supply cap of the sUSDe 91.5% LLTV pool to 100 million DAI. • Increase the supply cap of the sUSDe 86% LLTV pool to 400 million DAI. [Mainnet+Gnosis] Turn Off Siloed Borrowing for All Stablecoins • Turn off siloed borrowing for USDC and USDT on both Ethereum and Gnosis. • Turn off siloed borrowing for EURe on Gnosis. [Gnosis] Disable Governance Bridge Security Delay The bridge security delay for SparkLend governance on Gnosis will be reduced from 2 days to 0 days to streamline operations. 🔥 Smart Burn Engine (SBE) Parameter Updates The Smart Burn Engine (SBE) parameter will be changed: • The vow.hump (SBE Surplus Buffer Upper Limit) parameter will be increased to 55 million DAI. This parameter sets the threshold for the Smart Burn Engine (SBE) to initiate transactions. The change, recommended by BA Labs, will enhance system resilience and reduce risks. 🏦 Approve RWA Foundation (RWAF) DAO Resolution The following DAO Resolution about RWA Foundation (RWAF) will be approved: • RWAF DAO Resolution with IPFS hash Qmb8vLDH6wT4Y2axnJX1JSKVKHTG3jzX3U3novw886H8UR. The resolution instructs the Director of RWAF to start the process of finding and onboarding an appropriate banking partner for RWAF. 🏛️ Approve Harbor Trade Credit (RWA004-A) DAO Resolution The following DAO Resolution pertaining to Harbor Trade Credit (RWA004-A) will be approved: • RWA004-A DAO Resolution with IPFS hash QmUiYTRy4BkV681tfFe3Ksj6gdLEq27w34MqLw5LvRaBoD. The resolution allows the DAO to support HTC's case against Snakebyte in Germany and cover the legal costs. 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://t.co/uGCRHTjVOb or Delegate your MKR to one or more Recognized Delegates: