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Spark approves Liquidity Layer relayer and freezer multisig changes

The Ledger · · Ketju Research

Approved, not executedConfirmed evidence

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

  1. SAEP-02: Modify Spark Liquidity Layer Core Relayer and Freezer Multisig Configuration · Spark governance · · effective

Version 1, published . Educational research, not investment advice.