Executive Vote: Lower the USDC-A Liquidation Ratio and Approve a New Gitcoin Light Feed Key

24 July 2020

The Maker Foundation Governance Facilitator has placed an Executive Vote into theĀ voting system, which will enable the community to lower the USDC-A Liquidation ratio and approve a new Gitcoin light feed key:

Lower the USDC-A Liquidation Ratio to 110%

  • This will lower the USDC-A Liquidation ratio from 120% to 110%. Note, there will be no changes to the USDC-A stability fee or debt ceiling. For more information please review this Signal Thread.

Approve a New Gitcoin Light Feed Key

  • This will enable Gitcoin to continue operating as a Maker light feed. This has been confirmed by signed message between Gitcoin and the Maker Oracle Team on the Maker Forum.

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.

24 July 2020