Governance Polls: Sai Stability Fee, Dai Stability Fee, DSR Adjustment, and Debt Ceiling Adjustment - December 2/3, 2019

2nd December 2019

The Maker Foundation Interim Risk Team has placed three Governance Polls into the voting system which presents a number of possible Sai Stability Fee options, Dai Stability Fee options, and Dai Savings Rate Adjustments.

Poll: Sai Stability Fee Adjustment

Voters are now able to signal their support for a Sai Stability Fee within a range of 0% to 8%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, December 2 at 5 PM UTC, the results of which may inform an Executive Vote (FAQ) which will go live on Friday, December 6, at 5 PM UTC.

Review

The Sai Stability Fee was discussed in the Governance call on Thursday, November 28. Please review the VideoAudioTranscript and the online discussion to inform your position before voting.

Next Steps

Poll: Dai Stability Fee Adjustment

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 2 at 5 PM UTC, the results of which may inform an Executive Vote (FAQ) which will go live on Friday, December 6, at 5 PM UTC.

Review

The Dai Stability Fee was discussed in the Governance call on Thursday, November 28. Please review the VideoAudioTranscript and the online discussion to inform your position before voting.

Next Steps

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 6%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, December 2 at 5 PM UTC, the results of which may inform an Executive Vote (FAQ) which will go live on Friday, December 6, at 5 PM UTC.

Review

The Dai Savings Rate was discussed in the Governance call on Thursday, November 28. Please review the VideoAudioTranscript and the online discussion to inform your position before voting.

Next Steps


Poll: Debt Ceiling Adjustment - December 3, 2019

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 Tuesday, December 3 at 5 PM UTC, the results of which may inform an Executive Vote (FAQ) which will go live on Friday, December 6, at 5 PM UTC.

Review

Due to a recent surge in migration activity, which increased the Dai supply to 43 million, MCD ETH collateral type is nearing its 50 million debt ceiling. Similarly, the Sai supply was reduced to 67 million, well below the 120 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 75 million, and to reduce the SCD Sai Debt Ceiling to 95 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.


2nd December 2019