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

• Lower the Dai Stability Fee from 9% to 8%
• Raise the Dai Savings Rate Spread from 0.25% to 0.5%
  • Note: With the Stability Fee changing to 8% and the Dai Savings Rate Spread changing to 0.5%, the DSR will become 7.5% if the vote passes
• Lower the Sai Stability Fee from 10% to 9%

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

Review

This change was discussed in the Governance call on Thursday, February 6. Please review the Video, Audio, and the online discussion to inform your position before voting.

The MakerDAO community is moving forward with an Executive Vote to determine whether it will enact the changes established by the previous Governance Polls.

Action

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

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Resources

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.