Merge pull request #2743 from blimpa/Sparklend-cbBTC-Collateral-Onboa…

…rding-Governance-Poll---2024-09-16

Sparklend cbBTC Collateral Onboarding - Governance Poll - 2024-09-16

governance/polls/SparkLend Ethereum - cbBTC Collateral Onboarding - September 16, 2024.md

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+---
+title: SparkLend Ethereum - cbBTC Collateral Onboarding - September 16, 2024
+summary: Signal your support or opposition to onboarding Coinbase Wrapped BTC (cbBTC) on SparkLend on Ethereum mainnet.
+discussion_link: https://forum.makerdao.com/t/sep-12-2024-proposed-changes-to-spark-for-upcoming-spell/25076
+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: 2024-09-16T16:00:00
+end_date: 2024-09-19T16:00:00
+---
+# Poll: SparkLend Ethereum - cbBTC Collateral Onboarding - September 16, 2024
+
+The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211|0db30308) will be active for three days beginning on Monday, September 16 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 Coinbase Wrapped BTC (cbBTC) on SparkLend on Ethereum mainnet with the following parameters:
+
+- [Optimal Utilization](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.11_Optimal_Utilization_Definition-7dd3b868-b5c1-4f16-b997-8fb35a971ab1|57eaf45219be608847d6): **60%**
+- [Base](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.13_Base_Rate_Definition-3ea70be9-6d09-4e25-8025-a0235dd71c28|57eaf45219be608847d6): **0%**
+- [Slope1](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.15_Slope_1_Definition-20c3c3c3-432e-48ac-8336-86b8345f920e|57eaf45219be608847d6): **4%**
+- [Slope2](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.16_Slope_2_Definition-e5bb5c04-c9f1-4f85-bd45-1d36269482fe|57eaf45219be608847d6): **300%**
+- Stable rate func (deprecated): **N/A**
+- Enable Borrow: **YES**
+- Stable Rate Borrowing: **NO**
+- [Isolation Borrowable](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.20_Isolated_Borrow-9acac8ca-3870-4680-ae38-1ba3deb09fe3|57eaf45219be608847d6bfdb): **NO**
+- [Siloed Borrowing](https://docs.sparkprotocol.io/developers/sparklend/features/siloed-borrowing): **NO**
+- [Flash Loan](https://docs.sparkprotocol.io/developers/guides/flash-loans) Enabled: **YES**
+- [Loan To Value](https://docs.aave.com/risk/asset-risk/risk-parameters#loan-to-value): **65%**
+- [Liquidation Threshold](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.5_Liquidation_Threshold_Definition-9170a423-fba1-4fbe-83c4-f55f2510a9db|57eaf45219be608847d6): **70%**
+- Liquidation Bonus: **8%**
+- [Reserve Factor](https://sky-atlas.powerhouse.io/#A.3.8.1.5.1.8_Reserve_Factor_Definition-3f82c59f-c575-4975-8e1b-653136c3f1fd|57eaf45219be608847d6): **20%**
+- [Supply Cap](https://docs.sparkprotocol.io/developers/features/supply-borrow-caps#supply-caps): **500 cbBTC**
+- Supply Cap (`max`): **3,000 cbBTC**
+- Supply Cap (`gap`): **500 cbBTC**
+- Supply Cap (`ttl`): **12 hours**
+- [Borrow Cap](https://docs.sparkprotocol.io/developers/features/supply-borrow-caps#borrow-caps): **50 cbBTC**
+- Borrow Cap (`max`): **500 cbBTC**
+- Borrow Cap (`gap`): **50 cbBTC**
+- Borrow Cap (`ttl`): **12 hours**
+- [Isolation Mode](https://docs.sparkprotocol.io/developers/features/isolation-mode): **NO**
+- Isolation Mode Debt Ceiling: **N/A**
+- Liquidation Protocol Fee: **10%**
+- [Emode](https://docs.sparkprotocol.io/developers/features/efficiency-mode-emode) Category: **0**
+
+cbBTC contract: [0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf](https://etherscan.io/address/0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf)
+
+Oracle: [Chronicle Labs BTC/USD](https://chroniclelabs.org/dashboard/oracle/BTC/USD?blockchain=ETH&txn=0xe9ff73bad08cd1efc4773a2ccb0b43a39c441a8a5d0b180bd5ad5d20ac096016&contract=0x24C392CDbF32Cf911B258981a66d5541d85269ce)
+
+Please review the discussion [thread](https://forum.makerdao.com/t/sep-12-2024-proposed-changes-to-spark-for-upcoming-spell/25076) 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 onboard cbBTC to SparkLend Ethereum with the specified parameters.
+- 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 Sky 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 Sky 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 [Sky Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).