Governance Polls: DSR Spread Adjustment, Dai Stability Fee Adjustment, Sai Stability Fee Adjustment, and more – February 10, 2020

10 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, 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% to 4%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, February 10 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, February 14, at 5 PM UTC.

Review

The Dai Savings Rate Spread was discussed in the Governance call on Thursday, February 6. 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 10 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, February 14, at 5 PM UTC.

Review

The Dai Stability Fee was discussed in the Governance call on Thursday, February 6. Please review the VideoAudioSummary 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 5% to 13%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, February 10 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, February 14, at 5 PM UTC.

Review

The Sai Stability Fee was discussed in the Governance call on Thursday, February 6. 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 Sai 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 10, the results of which may inform an Executive Vote which will go live on Friday, February 14, 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 reduce the SCD Sai Debt Ceiling to 25 million.

Poll: Should we suspend monetary policy votes when there are emergency technical changes to be made to the system?

If passed, when emergency technical changes to the Dai Credit System are required they will supersede non-emergency monetary policy changes when the next executive bundle is created.

The decision over whether or not a technical change is an Emergency is determined by the Technical / Development team employed by the Maker Foundation. In the future, this authority may be voted to an alternative entity.

The decision over whether or not a monetary policy change is an Emergency is determined by the Interim Risk Team employed by the Maker Foundation. In the future, this authority may be voted to an alternative entity.

When non-emergency monetary policy changes are superseded in an emergency:

Background and discussion: Signal Request: How do we handle executive bundling in relation to technical changes?

Review

This proposal was discussed in the forums. 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.


10 February 2020