Executive Vote: Increase the Surplus Buffer, Oracle Whitelisting

23 October 2020

The Governance Facilitator 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.

Increase the Surplus Buffer

As per the on-chain governance poll, the System Surplus Buffer will be increased from 2,000,000 DAI to 4,000,000 DAI if this proposal passes.

Further details and discussion on this change can be found on the governance forum in this signal request thread.

Whitelist B.Protocol on the ETHUSD Oracles (Medianizer + OSM)

As per the on-chain governance polls for the OSM and Medianizer oracles, B.Protocol will be whitelisted on the ETHUSD Medianizer and OSM oracles if this proposal passes.

Further details and discussion on these whitelist proposals can be found here and here.

Summary

Therefore, if this Executive proposal passes the following will occur:

  • The System Surplus Buffer limit will be increased from 2,000,000 DAI to 4,000,000 DAI.
  • B.Protocol will be whitelisted on the ETHUSD Medianizer Oracle.
  • B.Protocol will be whitelisted on the ETHUSD OSM Oracle.

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.

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 and Audio for these calls is available to review.

Action

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


Resources

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.

23 October 2020