The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Sidestream and the Ecosystem Facilitators. This Governance Poll will be active for three days beginning on Monday, April 21 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 STAR2 Liquidity Layer on Mainnet with the parameters below.

Pre-deployed contracts

Contract Name	Address
ALMProxy	0x491EDFB0B8b608044e227225C715981a30F3A44E
MainnetController	0x3048386E09c72C20FB268a37d2B630D7f2Ee9138
RateLimits	0x5F5cfCB8a463868E37Ab27B5eFF3ba02112dF19a
ALMRelayer (SafeProxy)	0x0eEC86649E756a23CBc68d9EFEd756f16aD5F85f
ALMFreezer (SafeProxy)	0xB0113804960345fd0a245788b3423319c86940e5

All deployments were verified by ChainSecurity.

Initial Parameters for the Test

On-chain parameters for the STAR2 Liquidity Layer for initial activation.

Parameter	Max Amount	Slope (Tokens/Day)
LIMIT_USDS_MINT	100 million	50 million
LIMIT_USDS_TO_USDC	100 million	50 million

Liquidity Layer

To test the recently deployed STAR2 Liquidity Layer, the STAR2 team proposes to onboard Centrifuge 7540 Vault and conduct a test deployment of 100,000 USDC with the following parameters:

• Deposits
  • Max amount: 100 million USDC
  • Slope: 50 million USDC
• Withdrawals
  • Max amount: Unlimited

Sky Core Spell Content

Whitelist STAR2 ALMProxy on the LitePSM

This will allow STAR2 to call buyGemNoFee and sellGemNoFee on the MCD_LITE_PSM_USDC_A contract. Example code:

MCD_LITE_PSM_USDC_A.kiss(0x491EDFB0B8b608044e227225C715981a30F3A44E)

Please review the discussion thread 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 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.

---

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 Governance Calendar.