Governance Polls: Ratifications
August 9, 2021
The Governance Facilitators have placed an Executive Vote into the voting system which will enable the community to approve the following alterations to the protocol.
As per MIP3: Governance Cycle, this bundle consists of the proposals that have met the prior requirements to be included in the monthly MIPs executive. These proposals are as follows:
Maker Improvement Proposals
Sub-Proposals
Additionally, the Risk Team has requested that the ETH-A debt ceiling be raised as an emergency measure due to the recent bullishness of ETH (Ether) with the aim of maintaining the Dai peg.
The Risk Team has called for the ETH-A debt ceiling to be increased from 220 to 260 million.
Therefore, if this Executive passes the following will occur:
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.
These changes have been discussed over the last month in the Maker governance forum, please review the threads linked above to inform your position before voting.
Additionally, these changes may have been discussed further in recent Governance calls. Video and Audio for these calls is available to review.
Voting for this proposal will place your MKR in support of implementing the changes outlined above.
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.