Executive Vote: Adjust Debt Ceilings, Sai Stability Fee, and the DSR

December 27, 2019

The Maker Foundation Interim Governance Facilitator has placed an Executive Vote into the voting system, which will enable the community to approve an alteration to the protocol:

  • Debt Ceiling Adjustment:
    • Lower the Sai Debt Ceiling by 25 million to 70 million Sai
    • Raise the Dai ETH Debt Ceiling by 25 million to 100 million Dai

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.


This change was discussed in the Governance call on Thursday, December 19, 2019. Please review the VideoAudioTranscript (delayed by 24 to 48 hours), and the forum discussion to inform your position before voting.


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


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

Demos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.

To participate in future Governance calls, please join us every Thursday at 17:00 UTC.

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

December 27, 2019