Governance Polls: DSR Spread Adjustment, Dai Stability Fee Adjustment, Debt Ceiling Adjustment, Sai Stability Fee Adjustment – January 20, 2020

20 January 2020

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, Debt Ceiling adjustment, and a Sai Stability Fee 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 0.25% to 4%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, January 20 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, January 24, at 5 PM UTC.

Review

The Dai Savings Rate Spread was discussed in the Governance call on Thursday, January 16. 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 2% to 10%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, January 20 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, January 24, at 5 PM UTC.

Review

The Dai Stability Fee was discussed in the Governance call on Thursday, January 16. 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, January 20, the results of which may inform an Executive Vote which will go live on Friday, January 24, at 5 PM UTC.

Review

Due to a recent surge in migration activity MCD ETH collateral type is nearing its 100 million debt ceiling. Similarly, the Sai supply is well below the current 75 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 125 million, and to reduce the SCD Sai Debt Ceiling to 45 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, January 20 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, January 24, at 5 PM UTC.

Review

The Sai Stability Fee was discussed in the Governance call on Thursday, January 16. Please review the VideoAudioTranscript and the online discussion to inform your position before voting.

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.


20 January 2020