Create Spark Liquidity Layer Mainnet - Modify Rate Limits - January 2…

governance/polls/Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025.md

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+---
+title: Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025
+summary: Signal your support or opposition to modifying the rate limits for Spark Liquidity Layer Mainnet USDS and USDC.
+discussion_link: https://forum.sky.money/t/jan-23-2025-proposed-changes-to-spark-for-upcoming-spell-2/25837
+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: 2025-01-20T16:00:00
+end_date: 2025-01-23T16:00:00
+---
+# Poll: Spark Liquidity Layer Mainnet - Modify Rate Limits - January 20, 2025
+
+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, January 20 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 the following rate limit parameters for Spark Liquidity Layer Mainnet USDS and USDC:
+
+### Minting USDS
+
+  * Max amount: 50 million USDS
+  * Slope: 50 million USDS per day
+
+### Swapping USDS to USDC
+
+  * Max amount: 50 million USDC
+  * Slope: 50 million USDC per day
+
+### USDC CCTP (Cross-Chain Transfer Protocol) Transferring (All Routes)
+
+  * Max amount: 50 million USDS
+  * Slope: 25 million USDS per day
+
+More information on Rate Limits can be found [here](https://docs.spark.fi/dev/spark-liquidity-layer/spark-alm-controller#rate-limits).
+
+Please review the discussion [thread](https://forum.sky.money/t/jan-23-2025-proposed-changes-to-spark-for-upcoming-spell-2/25837) 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 Maker 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 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).