diff --git a/src/DssSpell.sol b/src/DssSpell.sol
index 72a37d74..5a29c08f 100644
--- a/src/DssSpell.sol
+++ b/src/DssSpell.sol
@@ -38,7 +38,7 @@ contract DssSpellAction is DssAction {
     // This should be modified weekly to provide a summary of the actions
     // Hash: cast keccak -- "$(wget 'TODO' -q -O - 2>/dev/null)"
     string public constant override description =
-        "2024-08-08 MakerDAO Executive Spell | Hash: TODO";
+        "2024-08-12 MakerDAO Executive Spell | Hash: TODO";
 
     // Set office hours according to the summary
     function officeHours() public pure override returns (bool) {
@@ -59,7 +59,15 @@ contract DssSpellAction is DssAction {
     //    https://ipfs.io/ipfs/QmVp4mhhbwWGTfbh2BzwQB9eiBrQBKiqcPRZCaAxNUaar6
     //
     // uint256 internal constant X_PCT_RATE = ;
-    uint256 internal constant NINE_PCT_RATE = 1000000002732676825177582095;
+    uint256 internal constant SIX_PT_TWO_FIVE_PCT_RATE     = 1000000001922394148741344865;
+    uint256 internal constant SIX_PT_SEVEN_FIVE_PCT_RATE   = 1000000002071266685321207000;
+    uint256 internal constant SIX_PCT_RATE                 = 1000000001847694957439350562;
+    uint256 internal constant SEVEN_PT_TWO_FIVE_PCT_RATE   = 1000000002219443553326580536;
+    uint256 internal constant SEVEN_PCT_RATE               = 1000000002145441671308778766;
+    uint256 internal constant SEVEN_PT_SEVEN_FIVE_PCT_RATE = 1000000002366931224128103346;
+    uint256 internal constant EIGHT_PT_TWO_FIVE_PCT_RATE   = 1000000002513736079215619839;
+    uint256 internal constant SEVEN_PT_FIVE_PCT_RATE       = 1000000002293273137447730714;
+    uint256 internal constant NINE_PCT_RATE                = 1000000002732676825177582095;
 
     // ---------- Contracts ----------
     GemAbstract internal immutable MKR = GemAbstract(DssExecLib.mkr());
@@ -92,6 +100,33 @@ contract DssSpellAction is DssAction {
     address internal constant SPARK_SPELL = 0xAFDf518d97DEA3420f007Deea2F9fBa0a28B3227;
 
     function actions() public override {
+        // ---------- Stability Fee Reductions ----------
+        // Forum: https://forum.makerdao.com/t/stability-scope-parameter-changes-15-sfs-dsr-spark-effective-dai-borrow-rate-reduction/24834
+
+        // ETH-A: Decrease SF by 1 percentage point, from 7.25% to 6.25%
+        DssExecLib.setIlkStabilityFee("ETH-A", SIX_PT_TWO_FIVE_PCT_RATE, /* doDrip = */ true);
+
+        // ETH-B: Decrease SF by 1 percentage point, from 7.75% to 6.75%
+        DssExecLib.setIlkStabilityFee("ETH-B", SIX_PT_SEVEN_FIVE_PCT_RATE, /* doDrip = */ true);
+
+        // ETH-C: Decrease SF by 1 percentage point, from 7% to 6%
+        DssExecLib.setIlkStabilityFee("ETH-C", SIX_PCT_RATE, /* doDrip = */ true);
+
+        // WSTETH-A: Decrease SF by 1 percentage point, from 8.25% to 7.25%
+        DssExecLib.setIlkStabilityFee("WSTETH-A", SEVEN_PT_TWO_FIVE_PCT_RATE, /* doDrip = */ true);
+
+        // WSTETH-B: Decrease SF by 1 percentage point, from 8% to 7%
+        DssExecLib.setIlkStabilityFee("WSTETH-B", SEVEN_PCT_RATE, /* doDrip = */ true);
+
+        // WBTC-A: Decrease SF by 1 percentage point, from 8.75% to 7.75%
+        DssExecLib.setIlkStabilityFee("WBTC-A", SEVEN_PT_SEVEN_FIVE_PCT_RATE, /* doDrip = */ true);
+
+        // WBTC-B: Decrease SF by 1 percentage point, from 9.25% to 8.25%
+        DssExecLib.setIlkStabilityFee("WBTC-B", EIGHT_PT_TWO_FIVE_PCT_RATE, /* doDrip = */ true);
+
+        // WBTC-C: Decrease SF by 1 percentage point, from 8.5% to 7.5%
+        DssExecLib.setIlkStabilityFee("WBTC-C", SEVEN_PT_FIVE_PCT_RATE, /* doDrip = */ true);
+
         // ---------- Bug Bounty Payout ----------
         // Forum: https://forum.makerdao.com/t/bounty-payout-request-for-immunefi-bug-32005/24605
         // MIP: https://mips.makerdao.com/mips/details/MIP106#13-1-bug-bounty-program-for-makerdao-critical-infrastructure
diff --git a/src/test/config.sol b/src/test/config.sol
index 18399042..9e30a4a2 100644
--- a/src/test/config.sol
+++ b/src/test/config.sol
@@ -139,7 +139,7 @@ contract Config {
             aL_ttl:       6 hours,         // In seconds
             line:         0,               // In whole Dai units  // Not checked here as there is auto line
             dust:         7_500,           // In whole Dai units
-            pct:          7_25,           // In basis points
+            pct:          6_25,            // In basis points
             mat:          14500,           // In basis points
             liqType:      "clip",          // "" or "flip" or "clip"
             liqOn:        true,            // If liquidations are enabled
@@ -164,7 +164,7 @@ contract Config {
             aL_ttl:       6 hours,
             line:         0,
             dust:         25 * THOUSAND,
-            pct:          7_75,
+            pct:          6_75,
             mat:          13000,
             liqType:      "clip",
             liqOn:        true,
@@ -189,7 +189,7 @@ contract Config {
             aL_ttl:       8 hours,
             line:         0,
             dust:         3_500,
-            pct:          7_00,
+            pct:          6_00,
             mat:          17000,
             liqType:      "clip",
             liqOn:        true,
@@ -289,7 +289,7 @@ contract Config {
             aL_ttl:       24 hours,
             line:         0,
             dust:         7_500,
-            pct:          8_75,
+            pct:          7_75,
             mat:          14500,
             liqType:      "clip",
             liqOn:        true,
@@ -314,7 +314,7 @@ contract Config {
             aL_ttl:       24 hours,
             line:         0,
             dust:         25 * THOUSAND,
-            pct:          9_25,
+            pct:          8_25,
             mat:          13000,
             liqType:      "clip",
             liqOn:        true,
@@ -339,7 +339,7 @@ contract Config {
             aL_ttl:       24 hours,
             line:         0,
             dust:         3_500,
-            pct:          8_50,
+            pct:          7_50,
             mat:          17500,
             liqType:      "clip",
             liqOn:        true,
@@ -1489,7 +1489,7 @@ contract Config {
             aL_ttl:       12 hours,
             line:         0,
             dust:         7_500,
-            pct:          8_25,
+            pct:          7_25,
             mat:          150_00,
             liqType:      "clip",
             liqOn:        true,
@@ -1514,7 +1514,7 @@ contract Config {
             aL_ttl:       12 hours,
             line:         0,
             dust:         3_500,
-            pct:          8_00,
+            pct:          7_00,
             mat:          175_00,
             liqType:      "clip",
             liqOn:        true,