Maker initiates a new execution vote, involving updates to stability range parameters, Aave-SparkLend revenue sharing payments, and other changes

ChainCatcher message, according to official news, the Maker governance portal has opened a new execution vote involving the following changes:

1. Stability Range Parameter Update

• Stability fee reduction: involves ETH-A, ETH-B, ETH-C, WSTETH-A, WSTETH-B, WBTC-A, WBTC-B, WBTC-C;
• DSR reduction: from 8% down to 7%;

1. Update Chainlink Keeper Network Treasury Address

This is a necessary condition to facilitate the upgrade of Chainlink Automation from v2.0 to v2.1 for MakerDAO;

3. Aave-SparkLend Revenue Sharing Payment

The smart contract address controlled by Aave Governance will pay 219,125 DAI as part of the Aave-SparkLend revenue sharing;

4. June 2024 Adjusted Delegate Compensation

A total of 209.17 MKR will be allocated for this;

5. Spark Proxy Spell

Deploy the following changes on SparkLend:

• Reduce the Spark effective DAI borrowing rate by 1 percentage point to 8%;
• Increase the weETH supply cap to 200,000 weETH;
• Increase the weETH isolation mode debt ceiling to 200 million DAI.