The Spark Community has put forward a significant governance proposal aimed at restructuring the reserve and incentive mechanisms for its SubDAO proxies. According to details from Foresight News, the proposed changes are designed to increase flexibility and accelerate capital efficiency.
Key Proposed Adjustments: Reduced Risk Capital Requirement (RRC): Shorten the look-back period for calculating required capital from 12 months to 3 months.
Lowered Guarantee: Decrease the Spark product guarantee from 5 million USDS to 1 million USDS.
Shorter Operating Cycle: Reduce the target operating cycle from 24 months to 12 months.
Increased Buyback Rate: Raise the standard buyback rate from 10% to 25%.
New Buyback Parameter: Introduce a 'buyback recipient' parameter to clearly designate the destination for SPK tokens repurchased by the buyback executor.
Objective: The changes aim to lower barriers to entry for new SubDAO proxies, accelerate their operational cycles, and enhance the value accrual mechanism for the SPK token through a substantially higher mandated buyback rate. The proposal now awaits community discussion and a governance vote. $BTC $ETH $BNB #BTC #MWAM_Crypto
