SAEP-08: Offchain Collateralized Lending

# SAEP-08: Offchain Collateralized Lending - December 8, 2025 Spark's Operational Facilitator has placed a proposal into the voting system on behalf of nested contributor Phoenix Labs. ## Review The Spark community can hereby express support or opposition to the following changes, as described by the author of the proposal: > ## Summary > > This proposal is submitted by Phoenix Labs in its role as a nested contributor, as defined in section [A.6.1.1.1.2.2.2.2.1.2.1.1.1 - Root Edit Proposal...