[Ethereum] Spark Treasury - Transfer SparkLend DAI and SparkLend USDS from SubDAO Proxy to ALM Proxy - March 2, 2026

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:

In late 2025, Spark executed a spell action claiming SparkLend reserves of USDS and DAI to the SubDAO Proxy. Because these funds are not held in native USDS, they do not currently count towards Spark’s risk capital requirements. We propose to transfer these assets to the ALM Proxy, where the corresponding increase in NAV can be booked as profit during the next monthly settlement cycle and consolidated into the SubDAO Proxy USDS balance.

Change summary:

• Transfer all SparkLend DAI and SparkLend USDS from the SubDAO Proxy to ALM Proxy

Outcomes

• If "For" receives the most votes, the proposal will be approved. 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.