Executive Vote: Increase ETH Debt Ceiling to 420 Million

18 August 2020

The Governance Facilitators and the Maker Foundation Smart Contracts Team have placed an Executive Vote into the voting system which will enable the community to approve the following alterations to the protocol.

Increase the ETH Debt Ceiling

As per the recent poll prompted by the MakerDAO Risk Team located here, this proposal asks whether the ETH Debt Ceiling should be increased from 340 million to 420 million.

Summary

Therefore, if this Executive proposal passes the following will occur:

  • The ETH-A Debt Ceiling will increase from 340 million to 420 million.

The Executive Vote (FAQ) will continue until the number of votes surpasses the total in favor of the previous Executive Vote. This is a continuous approval vote.

Review

Community debate on this issue can be found here. Please review this thread to inform your position before voting.

Action

Voting for this proposal will place your MKR in support of implementing the changes outlined above.


Resources

If you are new to voting in the Maker Protocol, please see the voter onboarding guide to learn how to use this dashboard and set up your wallet to vote.

Additional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAO

To participate in future Governance calls, please join us every Thursday at 16:00 UTC.

To add current and upcoming votes to your calendar, please see the MakerDAO Public Events Calendar.

18 August 2020