Governance Polls: Ratifications
August 9, 2021
The Governance Facilitators and the Maker Foundation Smart Contracts Team have placed an Executive Vote into the voting system which will enable the community to approve the following alterations to the protocol.
As per this recent poll, the YFI-A Debt Ceiling will be increased from 7 million DAI to 20 million DAI if this proposal is successful.
Please see this signal request for discussion around this change.
As per this recent poll, the dust (Debt Floor) parameter will be increased from 100 DAI to 500 DAI if this proposal passes.
Please see this signal request and this forum post for details and discussion around this change.
Therefore, if this Executive proposal passes the following will occur:
The Executive Vote will continue until the number of votes surpasses the total in favor of the previous Executive Vote. This is a continuous approval vote.
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.
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 voting guide to learn how voting works, and this wallet setup guide to set up your wallet to vote.
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 16:00 UTC.
To add current and upcoming votes to your calendar, please see the MakerDAO Public Events Calendar.