Executive Vote: Raise the ETH and USDC-A Debt Ceilings

20 July 2020

The Maker Foundation Interim Governance Facilitator has placed an Executive Vote into the voting system which will enable the community to approve the following alterations to the protocol as outlined in this forum thread: [Signal Request] Should we raise the ETH-A and USDC-A debt ceilings.

Therefore, voting for this Executive will:

  • Raise ETH-A by 40m from 180m to 220m
  • Raise USDC-A by 40m from 40m to 80m

This will raise the global debt ceiling to 345m.

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

These changes were discussed in the most recent Governance call. Please review the VideoAudio, 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 changes outlined above.


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 16:00 UTC.

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

20 July 2020