Governance Polls: Collateral Greenlights, Whitelist Oracle, and more

December 14, 2020

The MakerDAO Governance Facilitator has placed a governance poll into the voting system on behalf of the Maker Governance community which gives Maker Governance the chance to signal their support or opposition to collateral greenlights, whitelist an oracle, and more.

Poll: Community Greenlight Poll - DPI (DeFi Pulse Index)

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, December 14 at 16:00 UTC.

This is a binary vote. In a binary vote, you may vote for a single option. You should vote for the option which you prefer. Alternatively, if you would accept either of the two options and have no preference between them, you should abstain.

Review

This poll asks whether the asset DPI (DeFi Pulse Index) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for DPI (DeFi Pulse Index) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for DPI (DeFi Pulse Index) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - WFIL (Wrapped Filecoin)

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, December 14 at 16:00 UTC.

This is a binary vote. In a binary vote, you may vote for a single option. You should vote for the option which you prefer. Alternatively, if you would accept either of the two options and have no preference between them, you should abstain.

Review

This poll asks whether the asset WFIL (Wrapped Filecoin) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Note that this poll refers to the WFIL token created and operated by wrapped.com. Given the current confusion due to multiple projects competing for the WFIL token symbol, the name of this token may change in the future as the market for both tokens develops.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for WFIL (Wrapped Filecoin) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for WFIL (Wrapped Filecoin) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - WZEC (Wrapped Zcash)

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, December 14 at 16:00 UTC.

This is a binary vote. In a binary vote, you may vote for a single option. You should vote for the option which you prefer. Alternatively, if you would accept either of the two options and have no preference between them, you should abstain.

Review

This poll asks whether the asset WZEC (Wrapped Zcash) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for WZEC (Wrapped Zcash) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for WZEC (Wrapped Zcash) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Whitelist Gnosis on ETHUSD Oracle (MIP10c9-SP15)

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Oracle Domain Team. This Governance Poll will be active for three days beginning on Monday, December 14 at 16:00 UTC.

Note: This subproposal has been submitted under the informal weekly cycle rather than the MIP3 Governance Cycle due to inconsistencies between MIP10 and MIP3 and to avoid delaying progress in the oracles domain until MIP10 can be amended.

This is a binary vote. In a binary vote, you may vote for a single option. You should vote for the option which you prefer. Alternatively, if you would accept either of the two options and have no preference between them, you should abstain.

Review

The community can vote in this poll to express support or opposition to appending Gnosis to the ETHUSD Oracle Security Module whitelist to read current and queued price data.

Please review the application thread to inform your position on this issue before voting.

Outcomes

If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:

  • This change will be included in an upcoming Executive Vote. It is expected that this executive vote will take place within 30 days of this poll passing, absent external factors.
  • If the Executive Vote passes, then this change will become active in the Maker Protocol after the Governance Security Module delay has expired.

If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.

Poll: USDC Peg Stability Module Parameters

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Risk Domain Team. This Governance Poll will be active for three days beginning on Monday, December 14 at 16:00 UTC.

This is a binary vote. In a binary vote, you may vote for a single option. You should vote for the option which you prefer. Alternatively, if you would accept either of the two options and have no preference between them, you should vote 'Abstain'.

Review

The community can vote in this poll to express support or opposition to the following:

  • Initially, the only peg stability module to be deployed will be for USDC.
  • The debt ceilings for USDC-A, TUSD-A, PAX-A, and GUSD-A will drop to zero DAI.
  • The USDC PSM will be implemented with the parameters given below.

Proposed USDC PSM Parameters

  • The tin parameter will be set to 1% initially and will decrease to 0.1% over 7 days. tin refers to the fee when trading USDC in exchange for DAI.
  • The tout parameter will be set to 0.1%. tout refers to the fee when trading DAI in exchange for USDC.
  • The initial debt ceiling of the USDC PSM will equal 500 million DAI.

Please review the following threads to help inform your position before voting.

Outcomes

If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:

  • The changes listed above will be included in the weekly Executive Vote on the Friday following the conclusion of this poll.
  • If for whatever reason, some or all of these changes cannot be included in this week's executive vote, they will be instead be included in the next available executive vote.
  • If the executive vote passes, then this change will become active in the Maker Protocol after the Governance Security Module delay has expired.

If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.

 Poll: Rates Proposal

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Rates Working Group. This Governance Poll will be active for three days beginning on Monday, December 14 at 16:00 UTC.

This is a binary vote. In a binary vote, you may vote for a single option. You should vote for the option which you prefer. Alternatively, if you would accept either of the two options and have no preference between them, you should vote 'Abstain'.

Review

The community can vote in this poll to express support or opposition to the following changes:

Stability Fee Increases

  • Increase the ETH-A stability fee from 2% to 2.5%.
  • Increase the ETH-B stability fee from 4% to 5%.
  • Increase the WBTC-A stability fee from 4% to 4.5%.
  • Increase the BAT-A stability fee from 4% to 8%.

Stability Fee Decreases

  • Decrease the KNC-A stability fee from 4% to 2%.
  • Decrease the ZRX-A stability fee from 4% to 2%.
  • Decrease the MANA-A stability fee from 12% to 10%.
  • Decrease the COMP-A stability fee from 3% to 2%.
  • Decrease the BAL-A stability fee from 5% to 2%.
  • Decrease the YFI-A stability fee from 10% to 9%.

Please review the proposal thread to help inform your position before voting.

Outcomes

If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:

  • These stability fee changes will be included in the weekly executive vote on the Friday following the conclusion of this poll.
  • If for whatever reason, some or all of these changes cannot be included in this week's executive vote, they will be instead be included in the next available executive vote.
  • If the executive vote passes, then these changes will become active in the Maker Protocol after the Governance Security Module delay has expired.

If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.


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.

December 14, 2020