This proposal includes the following edits:

• Build Out Allocation System Primitive - Builds out the Allocation System Primitive, including the process for Star Agents to comply with the risk framework.
• Add Spark - Launch Agent 1 Ecosystem Accord - Adds an Ecosystem Accord between Spark and Launch Agent 1.
• Add Sky - Spark / Launch Agent 1 Ecosystem Accord - Adds an Ecosystem Accord between Sky, Spark, and Launch Agent 1.
• Add Logic Regarding Key Interest Rates - Adds logic regarding how the Base Rate is set and how it relates to the Agent Credit Line Borrow Rate.
• Update Risk Framework - Updates the risk framework to include a new model for lending markets and models for Smart Contract Risk and Administrative Risk.
• Rename First Loss Capital To Junior Risk Capital - Renames First Loss Capital to Junior Risk Capital to better align with other terminology in the Atlas.
• Update Logic Regarding Distribution Of Agent Tokens - Clarifies the distribution of Agent Tokens received by Sky under an Ecosystem Accord.
• Update Spark Liquidity Layer Documentation - Updates the documentation of the Spark Liquidity Layer to reflect that it is an implementation of the Allocation System Primitive.
• Update Spark Artifact Based On Ecosystem Accords - Updates Spark Artifact to reflect the Ecosystem Accords entered into by Spark.
• Update Launch Agent 1 Artifact Based On Ecosystem Accords - Updates the Launch Agent 1 Artifact to reflect the Ecosystem Accords entered into by Launch Agent 1.

Build Out Allocation System Primitive

• Replace the subdocuments of A.2.3.9.1 - Allocation System Primitive (Portal) / A.2.4 - Allocation System Primitive (Github) to read as follows:
  • A.2.4 - Allocation System Primitive (Core) - The Allocation System Primitive is the base mechanism that enables Star Agents to put up Risk Capital to deploy USDS collateral into different opportunities that provide risk-adjusted return, by borrowing at the Base Rate from Sky, and following Asset Liability Management restrictions on the liquidity of deployed assets.

Add Spark - Launch Agent 1 Ecosystem Accord

• Add new subdocuments of A.2.9.1 - List Of Active Ecosystem Accords (Portal) / A.2.8 - A1 - Ecosystem Accords - List Of Active Ecosystem Accords (Github) to read as follows:
  • A.2.10 - Ecosystem Accord 1: Launch Agent 1 And Spark Agent (Core) - The subdocuments herein record the terms of agreement between Launch Agent 1 and Spark as agreed in Ecosystem Accord 1.

Add Sky - Spark / Launch Agent 1 Ecosystem Accord

• Add new subdocuments of A.2.9.1 - List Of Active Ecosystem Accords (Portal) / A.2.8 - A1 - Ecosystem Accords - List Of Active Ecosystem Accords (Github) These documents should be located directly after the newly added documents Ecosystem Accord 1: Launch Agent 1 And Spark Agent to read as follows:
  • A.2.10 - Ecosystem Accord 2: Launch Agent 1 And Spark - Star Program (Core) - The subdocuments herein record the terms of agreement between Sky, Launch Agent 1, and Spark as agreed in Ecosystem Accord 2.