[Ethereum] SparkLend - Update WBTC Oracle to Use Kill Switch - May 25, 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:

We will add a kill switch-oracle mechanism allowing permissionless freezing of all borrows across SparkLend if the price of WBTC falls below 0.95 vs BTC. This will improve the resilience of WBTC pricing and the overall SparkLend market. The kill switch…