Daily Digest
Morpho's MIP 135 proposes adding new loan-to-value ratios on Morpho Midnight, with voting closing in 2 days. Meanwhile, Spark Protocol's SAEP-25 seeks to update its allocation system primitive, ending tomorrow, and Injective is proposing changes to hourly funding rate caps for RWA perpetuals, with a 3-day voting window.
Protocols in this digest
Items
15
Protocols
7
Closing soon
9
Next 3 days
Alpha takeaways
Protocols are aggressively optimizing capital efficiency and risk parameters while pruning underperforming chains, signaling a maturing DeFi ecosystem focused on sustainability over expansion.
This governance cycle reveals a clear industry-wide shift toward capital optimization (Morpho's LLTV expansion, Injective's funding rate adjustments) and strategic retreat from non-core chains (Spark's Avalanche/OP Mainnet/Unichain deprecations). Simultaneously, upgrades like Spark's ALM controller and CoW's affiliate program extension demonstrate continued investment in core protocol infrastructure. The absence of contentious status changes suggests efficient decision-making processes across major DAOs.
Highlights
Closing in 2 days - Category: misc
Closing in 1 day - Category: treasury
All items
[Avalanche] Spark Savings and Spark Liquidity Layer - Deprecate Avalanche - November 9, 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: This proposal approves deprecating Spark on Avalanche, closing Spark Savings USDC (spUSDC) to deposits with its rate fixed at 0%, closing the CCTP route to and from Ethereum, and...
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Closing in 3 days - Category: treasury
[Ethereum] Spark Liquidity Layer - Upgrade the ALM Controller to MainnetController v1.11.0 - November 9, 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: This proposal approves upgrading the Ethereum Spark Liquidity Layer ALM controller from MainnetController v1.10.0 to v1.11.0, so that USDC sent from Ethereum...
