Spark proposes reducing Sentora RLUSD vault’s WBTC concentration cap

What happened

Spark published a proposal to reduce the WBTC-collateralized RLUSD market’s relative supply cap in the Sentora vault from 100% to 10%.

What changed

The proposed cap would restrict additional allocation to that market; execution is planned after an approving October 8 poll result.

What did not change

The absolute cap, oracle, 86% LLTV, roles and fees remain unchanged. The cap reduction does not rebalance existing supply or guarantee continuous exposure below 10%.

Confirmed

• The affected vault is 0xFC8C624B6080a0A780583799f2A862DE936F6E22.
• The proposed execution uses the existing joint 2-of-2 curator Safe.
• The official October 5 snapshot places accrued market exposure at approximately 9.732% of vault assets.
• The proposed function is immediately callable by the curator, without an on-chain scheduling or cancellation window.
• The record states that idle-liquidity withdrawal routing remains unchanged.

Still open

• Poll approval, curator execution and post-execution cap value.
• Execution-time exposure and remaining allocation headroom.
• Any intervening liquidity-adapter or pending-cap changes.

What it means for an advisor

• Monitor approval and execution in Spark and Morpho diligence files.
• Update concentration-limit assumptions after execution evidence arrives.
• Keep withdrawal-liquidity analysis separate from the tighter allocation cap.