Governance Polls: DSR Adjustment, Dai Stability Fee Adjustment, Sai Stability Fee Adjustment, Debt Ceiling Adjustment – December 23, 2019

23rd December 2019

The Maker Foundation Interim Risk Team has placed a series of Governance Polls into the voting system which presents a Dai Savings Rate adjustment, a Dai Stability Fee adjustment, and a Sai Stability Fee adjustment.

Poll: Dai Savings Rate Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which presents a number of possible Dai Savings Rate options. Voters are now able to signal their support for a Dai Savings Rate within a range of 0% to 8%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, December 23 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, December 27, at 5 PM UTC.

Review

The Dai Savings Rate was discussed in the Governance call on Thursday, December 19. Please review the VideoAudioTranscript and the online discussion to inform your position before voting.

Next Steps


Poll: Dai Stability Fee Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which presents a number of possible Dai Stability Fee options. Voters are now able to signal their support for a Dai Stability Fee within a range of 0% to 8%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, December 23 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, December 27, at 5 PM UTC.

Review

The Dai Stability Fee was discussed in the Governance call on Thursday, December 19. Please review the VideoAudioTranscript and the online discussion to inform your position before voting.

Next Steps

Poll: Sai Stability Fee Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which presents a number of possible Sai Stability Fee options. Voters are now able to signal their support for a Sai Stability Fee within a range of 1% to 7%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, December 23 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, December 27, at 5 PM UTC.

Review

The Sai Stability Fee was discussed in the Governance call on Thursday, December 19. Please review the VideoAudioTranscript and the online discussion to inform your position before voting.

Next Steps


Poll: Debt Ceiling Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system to alter the Sai and Dai ETH Debt Ceilings. Voters are now able to signal their support to:

This Governance Poll (FAQ) will be active for three days beginning on Monday, December 23, the results of which may inform an Executive Vote which will go live on Friday, December 27, at 5 PM UTC.

Review

Due to a recent surge in migration activity MCD ETH collateral type is nearing its 75 million debt ceiling. Similarly the Sai supply is well below the current 95 million debt ceiling.

As outlined in the "Debt Ceiling" section of the previously ratified Migration Risk Construct proposal, the Interim Risk Team is putting forth a governance proposal to increase the MCD ETH Debt Ceiling to 100 million, and to reduce the SCD Sai Debt Ceiling to 70 million.

Next Steps

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 17:00 UTC.

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


23rd December 2019