Spark approves Liquidity Layer relayer and freezer multisig changes
The Ledger · · Ketju Research
Affects: Sky (protocol) · Spark Liquidity Layer (protocol)
What happened
Spark governance approved adding Spark Assets Foundation as a co-controller of the Core Operator Relayer multisig and lowering the Freezer multisig threshold.
What changed
The approved Core Operator Relayer configuration becomes 2-of-5 across two Amatsu signers, two Spark Assets Foundation signers, and one Phoenix Labs signer. The approved Freezer configuration becomes 1-of-4, allowing any one listed signer to initiate an emergency freeze.
What did not change
The retained record did not establish on-chain implementation, the final deployed signer addresses, or any change to unfreeze procedures. No asset loss or active incident was reported.
Confirmed
- The official Spark vote concluded with the For option prevailing.
- The Core Operator Relayer threshold was approved at 2-of-5.
- The Freezer threshold was approved to fall from 2-of-4 to 1-of-4.
- The proposed Freezer roster comprises one Spark Assets Foundation signer, two Phoenix Labs signers, and VoteWizard.
Still open
- The implementation transaction and final signer addresses.
- The resulting per-chain authority state and tested unfreeze path.
- Whether the lower freeze threshold produces material false-positive or key-compromise risk.
What it means for an advisor
- Review the Sky and Spark Liquidity Layer control maps because emergency freezing becomes individually exercisable if implemented.
- Verify the deployed thresholds and signers chain by chain; the approval does not satisfy the rejected Liquidity Layer memo's disclosure-based reopen criteria.
Sources
- SAEP-02: Modify Spark Liquidity Layer Core Relayer and Freezer Multisig Configuration · Spark governance · · effective
Version 1, published . Educational research, not investment advice.