Governance Polls: Collateral Onboarding, Risk Parameters and more

March 1, 2021

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Risk Domain Team. The community can vote in this poll to express support or opposition to these polls on the voting portal.

Poll: Add ETH-C as a new Vault Type

The MakerDAO governance facilitator has placed a Governance Poll into the voting system on behalf of the MakerDAO mandated actors. This Governance Poll will be active for three days beginning on Monday, March 1 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 allows the MakerDAO governance community to signal their support or opposition to adding ETH-C as a new vault type in the Maker Protocol with the parameters below:

Please review the following forum threads containing information about ETH-C and the underlying collateral Ether (ETH) to inform your position before voting.

Note that there is no oracle or smart contract evaluation for this vault type due to the previous use of Ether (ETH) as collateral in the ETH-A and ETH-B vault types.

Outcomes

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

  • ETH-C will be onboarded in a future executive vote as the Smart Contracts domain team's schedule allows.
  • 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 these changes will become active in the Maker Protocol after the GSM Pause 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: Collateral Auction Parameter Updates

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, March 1 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:

  • Decrease the Bid Duration (ttl) parameter from 6 hours to 4 hours for all vault types where liquidations are enabled.
  • Decrease the Max Auction Duration (tau) parameter from 6 hours to 4 hours for all vault types where liquidations are enabled.
  • Increase the box parameter from 15 million DAI to 20 million DAI.
  • Increase the Minimum Bid Increment (beg) parameter from 3% to 5% for the ETH-B vault type.
  • Increase the Minimum Bid Increment (beg) parameter from 3% to 5% for the UNIV2USDCETH-A vault type.
  • Increase the Minimum Bid Increment (beg) parameter from 3% to 5% for the UNIV2WBTCETH-A vault type.
  • Increase the Minimum Bid Increment (beg) parameter from 3% to 5% for the UNIV2DAIUSDC-A vault type.
  • Increase the Minimum Bid Increment (beg) parameter from 3% to 5% for the UNIV2DAIETH-A vault type.
  • Increase the Minimum Bid Increment (beg) parameter from 3% to 5% for the UNIV2UNIETH-A vault type.
  • Increase the Minimum Bid Increment (beg) parameter from 3% to 5% for the UNIV2ETHUSDT-A vault type.
  • Increase the Minimum Bid Increment (beg) parameter from 3% to 5% for the UNIV2LINKETH-A vault type.
  • Increase the Minimum Bid Increment (beg) parameter from 3% to 5% for the UNIV2WBTCDAI-A vault type.
  • Increase the Minimum Bid Increment (beg) parameter from 3% to 5% for the UNIV2AAVEETH-A vault type.

Please review the discussion 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 changes will be included in the weekly Executive Vote on the Friday following the conclusion of this poll.
  • If the Friday executive passes, then these changes will become active in the Maker Protocol after the GSM Pause 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: Increase ETH-A Target Available Debt (gap) Parameter

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Maker Community. This Governance Poll will be active for three days beginning on Monday, March 1 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

This poll asks whether the Target Available Debt (gap) parameter for the ETH-A vault type should be increased from 30M to 80M.

Please review the discussion 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:

  • This parameter change will be included in the weekly Executive Vote on the Friday following the conclusion of this poll.
  • If the Friday executive passes, then this parameter change will become active in the Maker Protocol after the GSM Pause 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: MakerDAO Supports EIP1559

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO governance community. This Governance Poll will be active for three days beginning on Monday, March 1 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 statement:

"MakerDAO supports EIP1559"

Please review the discussion thread (which includes an overview of EIP1559) to help inform your position before voting.

Outcomes

Regardless of the outcome of this poll, no 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 17:00 UTC.

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

March 1, 2021

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