Governance Polls: Adjustments to DSR Spread, Dai Stability Fee, Debt Ceiling, Sai Stability Fee, and Surplus Auction – February 17, 2020

17th February 2020

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

Poll: Dai Savings Rate Spread 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 Spread options. Voters are now able to signal their support for a Dai Savings Rate Spread within a range of 0% to 4%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, February 17 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, February 21, at 5 PM UTC.

Review

The Dai Savings Rate Spread was discussed in the Governance call on Thursday, February 13. Please review the VideoAudioSummary 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 4% to 12%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, February 17 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, February 21, at 5 PM UTC.

Review

The Dai Stability Fee was discussed in the Governance call on Thursday, February 13. Please review the VideoAudioSummary 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 Dai Debt Ceiling. Voters are now able to signal their support to:

This Governance Poll (FAQ) will be active for three days beginning on Monday, February 17, the results of which may inform an Executive Vote which will go live on Friday, February 21, at 5 PM UTC.

Review

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 raise the MCD Dai Debt Ceiling to 150 million.

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 5% to 13%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, February 17 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, February 21, at 5 PM UTC.

Review

The Sai Stability Fee was discussed in the Governance call on Thursday, February 13. Please review the VideoAudioSummary and the online discussion to inform your position before voting.

Next Steps

Poll: Surplus Auction Adjustment

The Maker Foundation Interim Governance Facilitator has placed a Governance Poll into the voting system to alter the minimum bid increase for Surplus Auctions.

Voters are now able to signal their support to:

This Governance Poll (FAQ) will be active for three days beginning on Monday, February 17, the results of which may inform an Executive Vote which will go live on Friday, February 21, at 5 PM UTC.

Review

Currently, Surplus Auctions (FLAPs) require Keepers to bid in increments of greater than 3% for each new bid. If this proposal passes, the minimum bid necessary would be reduced to 2%.

More info on auctions can be found here.

Discussion on this topic can be found here.

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.


17th February 2020