[Ethereum] Spark Liquidity Layer - Onboard Spark Prime / Arkis - December 1, 2025

Spark's Operational Facilitator has placed a proposal into the voting system on behalf of nested contributor Phoenix Labs.

Review

The Spark community can hereby express support or opposition to the following changes, as described by the author of the proposal:

We propose to onboard Spark Prime, powered by Arkis, into the Spark Liquidity Layer. Initially we plan to set extremely conservative parameters, and will plan to deploy an initial proof of concept tranche of liquidity of up to $20 million. Further deployments will take place next year, dependent on CRR determinations on Spark Prime allocations as well as borrower demand and overall market conditions.

Spark currently has sufficient risk capital on the balance sheet to support the planned $20 million allocation even with a 100% CRR, implying that Sky’s balance sheet bears no direct risk from the planned integration at this stage.

Parameter Summary:

• Pool address: to be provided before executive vote
  • Asset: USDC
• Deposit
  • maxAmount: 5 million
  • slope: 5 million
• Withdrawal
  • maxAmount: unlimited

The proposed Spark Artifact changes can be found in the following pull request: https://github.com/sky-ecosystem/next-gen-atlas/pull/134

Outcomes

• If "For" receives the most votes, the proposal will be approved. The associated pull request will be merged into Spark's artifact. When required, the listed changes will proceed to implementation by the relevant actors.
• If "Against" receives the most votes, the proposal will be rejected. No changes will be implemented.