Executive Vote: Lower the Stability Fee by 0.5% to a total of 5% per year and raise the Debt Ceiling by 20 million to 120 million Dai.

7th November 2019

The Maker Foundation Interim Risk Team has placed an Executive Vote into the voting system, which will enable the community to vote for a new Dai Stability Fee of 5% and a new Debt Ceiling of 120 million Dai.

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.

Review

These changes were discussed in the Governance call on Thursday, November 7, 2019. Please review the VideoAudioTranscript (delayed by 24 to 48 hours), and the online discussion to inform your position before voting.

The MakerDAO community is moving forward with an Executive Vote to determine whether it will enact the rates established by the previous Governance Poll.

Action

Voting for this proposal will place your MKR in support of decreasing the Stability Fee by 0.5% to a new total of 5% per year and raising the Debt Ceiling by 20 million to 120 million Dai.


Resources

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 16:00 UTC.

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


7th November 2019