The Governance Facilitator(s) and the MakerDAO Smart Contracts Domain Team have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol.

If you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works, and this wallet setup guide to set up your wallet to vote.

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Executive Summary

If this executive proposal passes the following changes will occur within the Maker Protocol:

• The ETH-A Maximum Debt Ceiling will increase from 2.5 billion DAI to 15 billion DAI.
• The WBTC-A Maximum Debt Ceiling will increase from 350 million DAI to 750 million DAI.
• The Debt Floor (dust) parameter will increase from 2,000 DAI to 5,000 DAI for all vault types with the exception of ETH-B, PSM-USDC-A, and RWA001-A.

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

Unless otherwise noted, the changes and additions listed above are subject to the GSM Pause Delay. This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to 48 hours.

This executive proposal does not include an office-hours modifier and may be executed as soon as the GSM Pause Delay has expired.

If this executive proposal does not pass within 30 days then it will expire and can no longer have any effect on the Maker Protocol.

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Proposal Details

Increase the ETH-A Maximum Debt Ceiling

As per the outcome of this governance poll and prior signal request thread, the ETH-A Maximum Debt Ceiling will increase from 2.5 billion DAI to 15 billion DAI if this executive proposal passes.

Increase the WBTC-A Maximum Debt Ceiling

As per the outcome of this governance poll and prior signal request thread, the WBTC-A Maximum Debt Ceiling will increase from 350 million DAI to 750 million DAI if this executive proposal passes.

Increase the Dust Parameter for Most Vault Types

As per the outcome of this governance poll and prior signal request thread, the Debt Floor (dust) parameter will increase from 2,000 DAI to 5,000 DAI for most vault types if this executive proposal passes. Note that the following vault types are excluded from this change:

• ETH-B
• PSM-USDC-A
• RWA001-A

Review

Community debate on these topics can be found on the MakerDAO governance forum. Please review any linked threads to inform your position before voting.

Additionally, these changes may have been discussed further in recent Governance calls. Video for these calls is available to review.

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Resources

Additional information about the Governance process can be found in the Governance section of the MakerDAO community portal.

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.