---
title: Template - [Executive Vote] Launch Project Funding and Spark Proxy Spell - September 5, 2024
summary: Transfer DAI and MKR to Launch Project and trigger Spark Proxy Spell. 
date: 2024-09-05T00:00:00.000Z
address: "$spell_address"

---
# [Executive Proposal] Launch Project Funding and Spark Proxy Spell - September 5, 2024

The Governance Facilitators, Dewiz, Sidestream, Wonderland, Phoenix Labs, and Certora have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol.

If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.

---

## Executive Summary

If this executive proposal passes, the following **actions** will occur within the Maker Protocol:
- **9,535,993 DAI** and **2,630 MKR** will be transferred to the Launch Project.
- A Spark Proxy Spell will be triggered at [0x668C84584Ef8EeEd6BFb4FFB2a4Fa03231F8b241](https://etherscan.io/address/0x668C84584Ef8EeEd6BFb4FFB2a4Fa03231F8b241).

**Voting for this executive proposal will place your MKR in support of the actions outlined above.**

Unless otherwise noted, the actions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to [**30 hours**](https://mips.makerdao.com/mips/details/MIP113#10-1-1a).

This executive proposal includes an office-hours modifier that means that it **can only be executed between 14:00 and 21:00 UTC, Monday - Friday**. 

If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol.

---

## Proposal Details

### Launch Project Funding

- **Authorization**: [Accessibility Scope 9.1](https://mips.makerdao.com/mips/details/MIP108#9-1-launch-project-budget)
- **Proposal**: [Forum Post](https://forum.makerdao.com/t/utilization-of-the-launch-project-under-the-accessibility-scope/21468/22)

If this executive proposal passes, the following transfers to the Launch Project will be made:

- Transfer **9,535,993 DAI** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F).
- Transfer **2,630 MKR** to the Launch Project at [0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F](https://etherscan.io/address/0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F).

### Spark Proxy Spell

- **Authorization**: Governance Polls [1131](https://vote.makerdao.com/polling/QmQa73Cc), [1132](https://vote.makerdao.com/polling/QmW55juU)
- **Proposal**: [Forum Post](https://forum.makerdao.com/t/aug-23-2024-proposal-changes-to-spark-for-upcoming-spell/24940)

If this executive proposal passes, then a Spark Proxy Spell will be triggered at [0x668C84584Ef8EeEd6BFb4FFB2a4Fa03231F8b241](https://etherscan.io/address/0x668C84584Ef8EeEd6BFb4FFB2a4Fa03231F8b241), containing the following items.

#### [Mainnet] Oracle Upgrade for ETH, wstETH, rETH, and weETH Markets

The oracles for ETH, wstETH, rETH, and weETH markets will be upgraded to use Aggor, as detailed in this [forum post](https://forum.makerdao.com/t/aug-23-2024-proposal-changes-to-spark-for-upcoming-spell/24940#p-98553-mainnet-oracle-upgrade-to-eth-wsteth-reth-and-weeth-markets-to-use-aggor-3).

#### [Mainnet] Remove WBTC/BTC from Kill Switch

The WBTC/BTC pair will be removed from the Spark Kill Switch, following the previous decision to halt new borrowing of WBTC, as detailed in this [forum post](https://forum.makerdao.com/t/aug-23-2024-proposal-changes-to-spark-for-upcoming-spell/24940#p-98553-mainnet-remove-wbtcbtc-from-kill-switch-4).

## Review

Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting.

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## Resources

Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com).

To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).