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| 1 | +--- |
| 2 | +title: Migrate ETH and wstETH Oracles - March 17, 2025 |
| 3 | +summary: Signal your support or opposition to migrating ETH and wstETH oracles from the current Median-based design to Chronicle’s new Scribe-based design. |
| 4 | +discussion_link: https://forum.sky.money/t/march-20-2025-final-native-vault-engine-oracle-migration-proposal-eth-steth/26110 |
| 5 | +parameters: |
| 6 | + input_format: single-choice |
| 7 | + victory_conditions: |
| 8 | + - { type : plurality } |
| 9 | + result_display: single-vote-breakdown |
| 10 | +version: v2.0.0 |
| 11 | +options: |
| 12 | + 0: Abstain |
| 13 | + 1: Yes |
| 14 | + 2: No |
| 15 | +start_date: 2025-03-17T16:00:00 |
| 16 | +end_date: 2025-03-20T16:00:00 |
| 17 | +--- |
| 18 | +# Poll: Migrate ETH and wstETH Oracles - March 17, 2025 |
| 19 | + |
| 20 | +The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance [Poll](https://sky-atlas.powerhouse.io/#A.1.9.1_Operational_Weekly_Cycle-b189fa17-57a9-4d4e-9780-0ce4efd94211%7C0db30308) will be active for three days beginning on Monday, March 17 at 16:00 UTC. |
| 21 | + |
| 22 | +**This is a binary vote.** |
| 23 | + |
| 24 | +- **You may vote for a single option.** |
| 25 | +- **You should vote for the option which you prefer.** |
| 26 | +- **If you would accept either option, you should vote 'Abstain'.** |
| 27 | + |
| 28 | +## Review |
| 29 | + |
| 30 | +The community can vote in this poll to express support or opposition to the following oracle changes as part of the migration process defined in [A.3.7.1.1.4, Oracles](https://sky-atlas.powerhouse.io/A.3.7.1.1.4_Oracles/c317d8c1-5706-4632-90a3-442b5f3d9000%7C57eaf45219bea3b4): |
| 31 | + |
| 32 | +- Update the ETH oracle source to [0x46ef0071b1E2fF6B42d36e5A177EA43Ae5917f4E](https://etherscan.io/address/0x46ef0071b1E2fF6B42d36e5A177EA43Ae5917f4E). |
| 33 | +- Update the wstETH oracle source to [0xA770582353b573CbfdCC948751750EeB3Ccf23CF](https://etherscan.io/address/0xA770582353b573CbfdCC948751750EeB3Ccf23CF). |
| 34 | + |
| 35 | +Performance benchmarking analysis for Chronicle’s new Scribe-based design can be found [here](https://forum.sky.money/t/chronicle-s-oracle-benchmark-for-btc-usd-eth-usd-and-steth-usd/26109). |
| 36 | + |
| 37 | +More information on the Oracle Migration can be found in the [Technical Scope](https://forum.sky.money/t/technical-scope-of-the-eth-and-wsteth-oracles-migration/26128). Please review the discussion [thread](https://forum.sky.money/t/march-20-2025-final-native-vault-engine-oracle-migration-proposal-eth-steth/26110) to help inform your position before voting. |
| 38 | + |
| 39 | +## Outcomes |
| 40 | + |
| 41 | +**If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:** |
| 42 | + |
| 43 | +- This change will be included in an upcoming Executive Vote. |
| 44 | +- It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors. |
| 45 | +- If the Executive Vote passes, then these changes will become active in the Sky Protocol after the [GSM Pause Delay](https://sky-atlas.powerhouse.io/A.1.9.2.1_Pause_Delay/a98b8227-95f6-4711-9d8d-f52cbc6ad2d0%7C0db30758e055) has expired. |
| 46 | + |
| 47 | +**If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.** |
| 48 | + |
| 49 | +--- |
| 50 | + |
| 51 | +## Resources |
| 52 | + |
| 53 | +If you are new to voting in the Sky Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. |
| 54 | + |
| 55 | +Additional information about the Governance process can be found in the [Operational Manual](https://manual.makerdao.com). |
| 56 | + |
| 57 | +To add current and upcoming votes to your calendar, please see the [Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar). |
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