New MakerDAO Proposal: Plans to Reduce Stability Fee and Dai Savings Rate, Upgrade SparkLend Pool, etc

MakerDAO has released a new executive proposal, where MKR holders and representatives can support the listed changes through voting. The proposal includes reducing the rates of Ethereum, wBTC, WSTETH and DSR, as well as adjustments to various protocol parameters. MKR holders and representatives are encouraged to participate in voting to jointly shape the future direction of MakerDAO.

1. If the executive proposal is passed, the following actions will be taken on the Maker Protocol:

2. Changes in stability fee and Dai savings rate: The stability fees for ETH, WSTETH, WBTC will be reduced; DSR will drop to 10%;

3. Compensation alignment for representatives and AVC members: Representatives will receive compensation of 214.55 MKR; AVC members will receive compensation of 175.14 MKR;

4. Aave revenue sharing payment: Paying 238,339 DAI from surplus buffer to Aave governance;

5.Addition of address whitelist for RWA015-A output channel: Adding 0x6759610547a36E9597Ef452aa0B9cace91291a2f into whitelist;

6.Launching USDP: Executing a series of operations that remove 84,211.27 USDP from input channels;

7.Trigger Spark Proxy Spell: Upgrading SparkLend pool implementation; adding new collateral types along with updates and adjustments on other market parameters.