The Governance Facilitators, Sidestream, and Dewiz have placed an out-of-schedule executive proposal into the voting system. MKR/SKY Holders should vote for this proposal if they support the following alterations to the Sky Protocol.

If you are new to voting in the Sky Protocol, please see the voting guide to learn how voting works.

---

Executive Summary

If this executive proposal passes, the following actions will occur within the Sky Protocol:

• The Stability Fees for multiple vault types will be increased.
• The Savings Rates (DSR and SSR) will be increased.

Voting for this executive proposal will place your MKR/SKY in support of the actions outlined above.

Unless otherwise noted, the actions listed above are subject to the GSM Pause Delay. This means that if this executive proposal passes, the changes and additions listed above will only become active in the Sky Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to 30 hours.

If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Sky Protocol.

---

Proposal Details

Stability Fee Changes

• Authorization: Ecosystem Approval
• Proposal: Forum Post

If this executive proposal passes, then the Stability Fees (SF) for the vault types listed below will be changed as follows:

• Increase ETH-A SF by 3.5 percentage points from 9.25% to 12.75%.
• Increase ETH-B SF by 3.5 percentage points from 9.75% to 13.25%.
• Increase ETH-C SF by 3.5 percentage points from 9.00% to 12.50%.
• Increase WSTETH-A SF by 3.5 percentage points from 10.25% to 13.75%.
• Increase WSTETH-B SF by 3.5 percentage points from 10.00% to 13.50%.
• Increase WBTC-A SF by 4 percentage points from 12.25% to 16.25%.
• Increase WBTC-B SF by 4 percentage points from 12.75% to 16.75%.
• Increase WBTC-C SF by 4 percentage points from 12.00% to 16.00%.
• Increase ALLOCATOR-SPARK-A SF by 2.94 percentage points from 9.31% to 12.25%.

Savings Rate Changes

• Authorization: Ecosystem Approval
• Proposal: Forum Post

If this executive proposal passes, then the following savings rate changes will take place:

• Increase the Dai Savings Rate (DSR) by 3 percentage points from 8.50% to 11.50%.
• Increase the Sky Savings Rate (SSR) by 3 percentage points from 9.50% to 12.50%.

The Spark Effective DAI Borrow Rate is tied to the DSR. Consequently, the above changes will increase it by ~3 percentage points from ~9.5% to ~12.5%.

Review

Community debate on these topics can be found on the Sky Governance forum. Please review any linked threads to inform your position before voting.

---

Resources

Additional information about the Governance process can be found in the Operational Manual.

To add current and upcoming votes to your calendar, please see the Sky Governance Calendar.