Merge pull request #2680 from blimpa/Sparklend-Ethereum---Increase-Ca…

…pacity-of-weETH-governance-poll---2024-07-01

SparkLend Ethereum - Increase Capacity of weETH - Governance Poll 2024-07-01

governance/polls/SparkLend Ethereum - Increase Capacity of weETH - July 1, 2024.md

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+---
+title: SparkLend Ethereum - Increase Capacity of weETH - July 1, 2024
+summary: Increase capacity of weETH (Etherfi weETH) on SparkLend Ethereum.
+discussion_link: https://forum.makerdao.com/t/jun-27-2024-proposed-changes-to-spark-for-upcoming-spell/24552
+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: 2024-07-01T16:00:00
+end_date: 2024-07-04T16:00:00
+---
+# Poll: SparkLend Ethereum - Increase Capacity of weETH - July 1, 2024
+
+The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance [Poll](https://manual.makerdao.com/governance/governance-cycle/weekly-governance-cycle#weekly-governance-cycle-definitions-mip16c1) will be active for three days beginning on Monday, July 1 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
+
+This poll allows MakerDAO Governance to signal their support or opposition to increasing the capacity of [weETH (Etherfi weETH)](https://app.spark.fi/market-details/1/0xCd5fE23C85820F7B72D0926FC9b05b43E359b7ee) on mainnet with the following parameter changes:
+
+- Increase weETH Supply Cap Max by 150,000 weETH, from 50,000 weETH to **200,000 weETH**
+- Increase weETH [Isolation Mode](https://docs.spark.fi/defi-infrastructure/sparklend/spark-lend-features) Debt Ceiling by 150 million DAI, from 50 million DAI to **200 million DAI**
+
+Please review the proposal [thread](https://forum.makerdao.com/t/jun-27-2024-proposed-changes-to-spark-for-upcoming-spell/24552) for more information about this proposed onboarding.
+
+## Outcomes
+
+**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:**
+
+- The above changes in the capacity of weETH (Etherfi weETH) on SparkLend on mainnet will be added in a future 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 SparkLend 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
+
+Further information about Spark Protocol can be found at its [Documentation Hub](https://docs.sparkprotocol.io/hub/).
+
+If you are new to voting in the Maker 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 [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).