The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Spark Protocol and the Stability Facilitator. This Governance Poll will be active for three days beginning on Monday, November 18 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 onboarding PT-USDe-27Mar2025 to Morpho Spark DAI Vault with the configurations that follow:

• Pool LLTV: 91.5%
• Oracle discount rate: 20%
• Supply cap: 100 million DAI

and to adjusting PT-sUSDe-27Mar2025 pool parameters as described below:

• Increase PT-sUSDe-27Mar2025 pool supply cap by 200 million DAI, from 200 million DAI to 400 million DAI.

Please review the discussion thread to help inform your position before voting. An overview of Pendle PTs can be found in this July 13, 2024 forum post.

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 this change will become active in the Sky Protocol after the 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.

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Resources

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

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.