[Ethereum] Spark Savings - Increase Vault Deposit Caps - October 20, 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:

The Spark Savings v2 vaults launched with relatively low initial deposit caps for safety reasons. After the vaults prove themselves in production during the soft launch period, we propose to increase the deposit caps for each vault to 250 million (or the rough equivalent value for the spETH vault) to allow the products to scale up over time.

Parameter summary:

• Ethereum Spark Savings USDC (spUSDC)
  • Deposit cap: 250 million
• Ethereum Spark Savings USDT (spUSDT)
  • Deposit cap: 250 million
• Ethereum Spark Savings ETH (spETH)
  • Deposit cap: 50,000

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.