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.