Spark proposes a one-basis-point RLUSD forced-deallocation penalty

What happened

Phoenix Labs proposed increasing the existing Sentora x Spark RLUSD vault adapter's forced-deallocation penalty from zero to one basis point.

What changed

Permissionless forced deallocation would burn additional shares from onBehalf, retaining equivalent assets for remaining shareholders.

What did not change

Ordinary withdrawals and allocator/sentinel deallocation are outside the penalty. Roles and the seven-day setter timelock are unchanged; no execution is established.

Confirmed

• The target vault is 0xFC8C624B6080a0a780583799f2A862DE936F6E22 on Ethereum.
• The target adapter is 0x743C8eb5dE31E41dEF9048DA268EBd036567cd4e.
• The proposed setter value is 1e14 in WAD units.
• The scope plans a September 14–17 poll, followed by submission only if approved.

Still open

• Poll approval, mined submission and exact timelock maturity.
• Final execution and reconciliation of any conflicting queued payloads.
• Actual proposed-size exit costs and liquidity under stress.

What it means for an advisor

• Monitor the vault's forced-exit economics separately from ordinary withdrawal costs.
• Verify exact calldata, maturity and cancellation coverage before updating any vault-specific exit assessment.