Spark's Operational Facilitator has placed a proposal into the voting system on behalf of nested contributor Phoenix Labs.
The Spark community can hereby express support or opposition to the following changes, as described by the author of the proposal:
Summary
This proposal is submitted by Phoenix Labs in its role as a nested contributor, as defined in section A.6.1.1.1.2.2.2.2.1.2.1.1.1 of the Spark Artifact. The proposal recommends that Spark governance document and authorize Savings Liquidity Intent capability within the Spark Savings Artifact section.
Background
Subject to governance approval, Spark Savings infrastructure may support a capability referred to as Savings Liquidity Intents, which will allow users to signal their intent to make large withdrawals from Spark Savings vaults (exceeding the standard liquidity buffer), which may be fulfilled through the Spark Liquidity Layer infrastructure in a single transaction, subject to available liquidity. This capability is intended to provide additional flexibility for users seeking to withdraw amounts exceeding a vault’s standard Target Liquidity buffer.
Proposal Details
We propose that Spark governance implement the following update to the Spark Savings documentation:
- Document and authorize Savings Liquidity Intents, allowing users to submit signed withdrawals intents for amounts exceeding a vault’s Target Liquidity buffer, which may be fulfilled through automated Spark Liquidity Layer infrastructure in a single transaction, subject to available liquidity.
Justification
This proposal, if adopted by governance, would add Savings Liquidity Intents to the Spark Savings artifact section. We share justification for this change below:
Authorize Savings Liquidity Intents
We propose that Spark governance update the Spark Savings Artifact section to document Savings Liquidity Intents. This capability allows users to signal withdrawal intents exceeding a vault’s Target Liquidity buffer, which may be fulfilled through the Spark Liquidity Layer infrastructure subject to available liquidity. This capability allows large withdrawals to be fulfilled more efficiently without requiring users to manually cycle through multiple transactions limited by vault liquidity buffers.
The proposed Spark Artifact changes can be found in the following pull request: https://github.com/sky-ecosystem/next-gen-atlas/pull/203