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2023-01-08 governance polls
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---
title: SparkLend Ethereum - Activate Lido Rewards Program - January 08, 2024
summary: Signal your support or opposition to activating the Lido Rewards Program
discussion_link: https://forum.makerdao.com/t/spark-spell-proposed-changes/23298
parameters:
input_format: single-choice
victory_conditions:
- { type : plurality }
result_display: single-vote-breakdown
version: v2.0.0
options:
0: Abstain
1: Yes
2: No
start_date: 2024-01-08T16:00:00
end_date: 2024-01-11T16:00:00
---
# Poll: SparkLend Ethereum - Activate Lido Rewards Program - January 8, 2024

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance [Poll](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on Monday, January 8 at 16:00 UTC.

**This is a binary vote.**
- **You may vote for a single option.**
- **You should vote for the option which you prefer.**
- **If you would accept either option, you should vote 'Abstain'.**

## Review

The community can vote in this poll to express support or opposition to activating the Lido Rewards Program. This rewards program will send 20 wstETH (provided by Lido) to ETH market suppliers for 30 days starting when the activating spell executes.

Phoenix Labs-controlled multisig 0x8076807464DaC94Ac8Aa1f7aF31b58F73bD88A27 will be added as the admin for this program to avoid the programming starting and stopping due to having to wait on the Maker spell. This multisig will store the monthly wstETH balance to be distributed to simplify the administration.


Please review the discussion [thread](https://forum.makerdao.com/t/spark-spell-proposed-changes/23298) to help inform your position before voting.

## Outcomes

**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
* Phoenix Labs will prepare a Spark spell to include this change on SparkLend Ethereum.
* An upcoming Executive Vote will include a proposal to execute the Spark spell.
* It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
* If the Executive Vote passes, then these changes will become active in the Maker Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired.

**If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.**

---

## Resources

If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.

Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com).

To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).
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---
title: SparkLend Ethereum - Activate SparkLend Freezer Mom - January 08, 2024
summary: Signal your support or opposition to activating the SparkLend Freezer Mom contract
discussion_link: https://forum.makerdao.com/t/spark-spell-proposed-changes/23298
parameters:
input_format: single-choice
victory_conditions:
- { type : plurality }
result_display: single-vote-breakdown
version: v2.0.0
options:
0: Abstain
1: Yes
2: No
start_date: 2024-01-08T16:00:00
end_date: 2024-01-11T16:00:00
---
# Poll: SparkLend Ethereum - Activate SparkLend Freezer Mom - January 8, 2024

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance [Poll](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on Monday, January 8 at 16:00 UTC.

**This is a binary vote.**
- **You may vote for a single option.**
- **You should vote for the option which you prefer.**
- **If you would accept either option, you should vote 'Abstain'.**

## Review

The community can vote in this poll to express support or opposition to the activation of the SparkLend Freezer Mom contract on Ethereum. The SparkLend Freezer Mom contract allows governance to bypass the 2-day GSM window to freeze or pause any SparkLend markets but also to reverse these actions when deemed necessary.

Please review the discussion [thread](https://forum.makerdao.com/t/spark-spell-proposed-changes/23298) to help inform your position before voting.

## Outcomes

**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
* Phoenix Labs will prepare a Spark spell to include this change on SparkLend Ethereum.
* An upcoming Executive Vote will include a proposal to execute the Spark spell.
* It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
* If the Executive Vote passes, then these changes will become active in the Maker Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired.

**If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.**

---

## Resources

If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.

Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com).

To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).
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---
title: SparkLend Ethereum - Freeze GNO and set Loan-to-Value to Zero Percent - January 08, 2024
summary: Signal your support or opposition to freezing GNO and set Loan-to-Value to Zero Percent
discussion_link: https://forum.makerdao.com/t/spark-spell-proposed-changes/23298
parameters:
input_format: single-choice
victory_conditions:
- { type : plurality }
result_display: single-vote-breakdown
version: v2.0.0
options:
0: Abstain
1: Yes
2: No
start_date: 2024-01-08T16:00:00
end_date: 2024-01-11T16:00:00
---
# Poll: SparkLend Ethereum - Freeze GNO and set Loan-to-Value to Zero Percent - January 08, 2024

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance [Poll](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on Monday, January 8 at 16:00 UTC.

**This is a binary vote.**
- **You may vote for a single option.**
- **You should vote for the option which you prefer.**
- **If you would accept either option, you should vote 'Abstain'.**

## Review

The community can vote in this poll to express support or opposition to freezing GNO market and setting its [Loan-to-Value (LTV)](https://docs.aave.com/risk/asset-risk/risk-parameters#loan-to-value) to **zero percent**. Freezing the market disallows new deposits while setting the LTV to 0 prevents new borrows against GNO as collateral without liquidating existing positions.

Please review the discussion [thread](https://forum.makerdao.com/t/spark-spell-proposed-changes/23298) to help inform your position before voting.

## Outcomes

**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
* Phoenix Labs will prepare a Spark spell to include this change on SparkLend Ethereum.
* An upcoming Executive Vote will include a proposal to execute the Spark spell.
* It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
* If the Executive Vote passes, then these changes will become active in the Maker Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired.

**If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.**

---

## Resources

If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.

Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com).

To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).
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---
title: SparkLend Ethereum - Increase Spark Protocol D3M Maximum Debt Ceiling to 1.2B DAI - January 08, 2024
summary: Signal your support or opposition to increasing the Spark D3M Maximum Debt Ceiling to 1.2B DAI
discussion_link: https://forum.makerdao.com/t/spark-spell-proposed-changes/23298
parameters:
input_format: single-choice
victory_conditions:
- { type : plurality }
result_display: single-vote-breakdown
version: v2.0.0
options:
0: Abstain
1: Yes
2: No
start_date: 2024-01-08T16:00:00
end_date: 2024-01-11T16:00:00
---
# Poll: SparkLend Ethereum - Increase Spark Protocol D3M Maximum Debt Ceiling to 1.2B DAI - January 08, 2024

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance [Poll](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on Monday, January 8 at 16:00 UTC.

**This is a binary vote.**
- **You may vote for a single option.**
- **You should vote for the option which you prefer.**
- **If you would accept either option, you should vote 'Abstain'.**

## Review

The community can vote in this poll to express support or opposition to making the following parameter change to the Spark Protocol [DAI Direct Deposit Module (D3M)](https://manual.makerdao.com/module-index/module-dai-direct-deposit) on SparkLend Ethereum:

- Increase the DIRECT-SPARK-DAI [Maximum Debt Ceiling](https://manual.makerdao.com/module-index/module-dciam#maximum-debt-ceiling-line) by 400M DAI from 800M DAI to **1.2B DAI**.

Please review the discussion [thread](https://forum.makerdao.com/t/spark-spell-proposed-changes/23298) to help inform your position before voting.

## Outcomes

**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
* This change will be included in an upcoming Executive Vote.
* It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
* If the Executive Vote passes, then these changes will become active in the Maker Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired.

**If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.**

---

## Resources

If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.

Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com).

To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).
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---
title: SparkLend Ethereum - Replace Dai oracle with one that is hardcoded to 1 USD - January 08, 2024
summary: Signal your support or opposition to replacing the current Dai oracle with one that is hardcoded to 1 USD
discussion_link: https://forum.makerdao.com/t/spark-spell-proposed-changes/23298
parameters:
input_format: single-choice
victory_conditions:
- { type : plurality }
result_display: single-vote-breakdown
version: v2.0.0
options:
0: Abstain
1: Yes
2: No
start_date: 2024-01-08T16:00:00
end_date: 2024-01-11T16:00:00
---
# Poll: SparkLend Ethereum - Replace Dai oracle with one that is hardcoded to 1 USD - January 8, 2024

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance [Poll](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on Monday, January 8 at 16:00 UTC.

**This is a binary vote.**
- **You may vote for a single option.**
- **You should vote for the option which you prefer.**
- **If you would accept either option, you should vote 'Abstain'.**

## Review

The community can vote in this poll to express support or opposition to the replacement of the current Dai oracle on Ethereum with one that is hardcoded to 1 USD to prevent excessive borrows during temporary depeg events.

Please review the discussion [thread](https://forum.makerdao.com/t/spark-spell-proposed-changes/23298) to help inform your position before voting.

## Outcomes

**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
* Phoenix Labs will prepare a Spark spell to include this change on SparkLend Ethereum.
* An upcoming Executive Vote will include a proposal to execute the Spark spell.
* It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
* If the Executive Vote passes, then these changes will become active in the Maker Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired.

**If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.**

---

## Resources

If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.

Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com).

To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).
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---
title: SparkLend Ethereum - Update the wstETH oracle to assume a 1 to 1 stETH to ETH peg - January 08, 2024
summary: Signal your support or opposition to updating the wstETH oracle to assume a 1:1 stETH:ETH peg
discussion_link: https://forum.makerdao.com/t/spark-spell-proposed-changes/23298
parameters:
input_format: single-choice
victory_conditions:
- { type : plurality }
result_display: single-vote-breakdown
version: v2.0.0
options:
0: Abstain
1: Yes
2: No
start_date: 2024-01-08T16:00:00
end_date: 2024-01-11T16:00:00
---
# Poll: SparkLend Ethereum - Update the wstETH oracle to assume a 1 to 1 stETH to ETH peg - January 08, 2024

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitators. This Governance [Poll](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on Monday, January 8 at 16:00 UTC.

**This is a binary vote.**
- **You may vote for a single option.**
- **You should vote for the option which you prefer.**
- **If you would accept either option, you should vote 'Abstain'.**

## Review

The community can vote in this poll to express support or opposition to updating the wstETH oracle to assume a 1:1 stETH:ETH peg to prevent temporary market price divergences from cause cascading liquidations.

Please review the discussion [thread](https://forum.makerdao.com/t/spark-spell-proposed-changes/23298) to help inform your position before voting.

## Outcomes

**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
* Phoenix Labs will prepare a Spark spell to include this change on SparkLend Ethereum.
* An upcoming Executive Vote will include a proposal to execute the Spark spell.
* It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
* If the Executive Vote passes, then these changes will become active in the Maker Protocol after the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay) has expired.

**If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.**

---

## Resources

If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.

Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com).

To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).

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