Executive Vote: Replace Debt Auction contract in MCD and remove the MKR oracle delay in SCD

November 27, 2019

The Maker Foundation Interim Governance Facilitator has placed an Executive Vote into the voting system, which will enable the community to approve a series of fixes to the protocol:

  • Upgrade the Debt Auction: A MCD bug was found that would prevent bidders from reclaiming their Dai after an Emergency Shutdown.
  • Remove the SCD MKR OSM Delay: Allow MKR prices to be read directly from the MKR/USD Medianizer to reduce price slippage during the migration process.

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.


This change was discussed in the Governance call on Thursday, November 21, 2019. Please review the VideoAudioTranscript (delayed by 24 to 48 hours), and the forum discussion to inform your position before voting.


Voting for this proposal will place your MKR in support of deploying the improvements outlined above.


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 17:00 UTC.

To add current and upcoming votes to your calendar, please see the MakerDAO Public Events Calendar.

November 27, 2019