Governance Polls: Greenlight Polls, Collateral Onboarding, and Parameter Adjustments

February 15, 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.

Community Greenlight Poll - GLM (Golem)

Description

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, February 15th 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 asks whether the asset GLM (Golem) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for GLM (Golem) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for GLM (Golem) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - renDOGE (RenVM Dogecoin)

Description

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, February 15th 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 asks whether the asset renDOGE (RenVM Dogecoin) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for renDOGE (RenVM Dogecoin) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for renDOGE (RenVM Dogecoin) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - REINNO (REINNO Stablecoin)

Description

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, February 15th 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 asks whether the asset REINNO (REINNO Stablecoin) should be prioritized for inclusion in the Maker Protocol by the domain teams. This is the second greenlight poll run for the REINNO (REINNO Stablecoin) asset, allowed due to resubmission of a revised application with significant differences from the original application.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for REINNO (REINNO Stablecoin) using the formula Score = 'Yes' Votes - 'No' Votes
  • The current 'greenlight score' for REINNO (REINNO Stablecoin) will be replaced with the new value on the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - SB-LDB (SolidBlock London Digital Bonds)

Description

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, February 15th 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 asks whether the asset SB-LDB (SolidBlock London Digital Bonds) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for SB-LDB (SolidBlock London Digital Bonds) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for SB-LDB (SolidBlock London Digital Bonds) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - FFT1-DROP (Fortunafi DROP)

Description

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, February 15th 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 asks whether the asset FFT1-DROP (Fortunafi DROP) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for FFT1-DROP (Fortunafi DROP) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for FFT1-DROP (Fortunafi DROP) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - UNI-V2-BAT-DAI (UniswapV2 BAT-DAI Liquidity Token)

Description

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, February 15th 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 asks whether the asset UNI-V2-BAT-DAI (UniswapV2 BAT-DAI Liquidity Token) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for UNI-V2-BAT-DAI (UniswapV2 BAT-DAI Liquidity Token) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for UNI-V2-BAT-DAI (UniswapV2 BAT-DAI Liquidity Token) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - UNI-V2-DAI-COMP (UniswapV2 DAI-COMP Liquidity Token)

Description

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, February 15th 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 asks whether the asset UNI-V2-DAI-COMP (UniswapV2 DAI-COMP Liquidity Token) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for UNI-V2-DAI-COMP (UniswapV2 DAI-COMP Liquidity Token) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for UNI-V2-DAI-COMP (UniswapV2 DAI-COMP Liquidity Token) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - UNI-V2-LRC-ETH (UniswapV2 LRC-ETH Liquidity Token)

Description

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, February 15th 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 asks whether the asset UNI-V2-LRC-ETH (UniswapV2 LRC-ETH Liquidity Token) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for UNI-V2-LRC-ETH (UniswapV2 LRC-ETH Liquidity Token) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for UNI-V2-LRC-ETH (UniswapV2 LRC-ETH Liquidity Token) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - UNI-V2-UNI-DAI (UniswapV2 UNI-DAI Liquidity Token)

Description

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, February 15th 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 asks whether the asset UNI-V2-UNI-DAI (UniswapV2 UNI-DAI Liquidity Token) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for UNI-V2-UNI-DAI (UniswapV2 UNI-DAI Liquidity Token) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for UNI-V2-UNI-DAI (UniswapV2 UNI-DAI Liquidity Token) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - UNI-V2-YFI-ETH (UniswapV2 YFI-ETH Liquidity Token)

Description

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, February 15th 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 asks whether the asset UNI-V2-YFI-ETH (UniswapV2 YFI-ETH Liquidity Token) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for UNI-V2-YFI-ETH (UniswapV2 YFI-ETH Liquidity Token) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for UNI-V2-YFI-ETH (UniswapV2 YFI-ETH Liquidity Token) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - UNI-V2-COMP-ETH (UniswapV2 COMP-ETH Liquidity Token)

Description

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, February 15th 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 asks whether the asset UNI-V2-COMP-ETH (UniswapV2 COMP-ETH Liquidity Token) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for UNI-V2-COMP-ETH (UniswapV2 COMP-ETH Liquidity Token) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for UNI-V2-COMP-ETH (UniswapV2 COMP-ETH Liquidity Token) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Community Greenlight Poll - UNI-V2-LINK-DAI (UniswapV2 LINK-DAI Liquidity Token)

Description

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, February 15th 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 asks whether the asset UNI-V2-LINK-DAI (UniswapV2 LINK-DAI Liquidity Token) should be prioritized for inclusion in the Maker Protocol by the domain teams.

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for UNI-V2-LINK-DAI (UniswapV2 LINK-DAI Liquidity Token) using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for UNI-V2-LINK-DAI (UniswapV2 LINK-DAI Liquidity Token) will be added to the Collateral Prioritisation Sheet by the Governance Facilitator(s).
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Poll: Add UNI-V2-AAVE-ETH (UniswapV2 AAVE-ETH LP Token) as a Collateral 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, February 15 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 UNI-V2-AAVE-ETH (UniswapV2 AAVE-ETH LP Token) as a collateral type in the Maker Protocol with the parameters below:

Please review the following forum threads containing information about UNI-V2-AAVE-ETH (UniswapV2 AAVE-ETH LP Token) to 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:

  • UNI-V2-AAVE-ETH (UniswapV2 AAVE-ETH LP Token) 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: Add UNI-V2-WBTC-DAI (UniswapV2 WBTC-DAI LP Token) as a Collateral 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, February 15 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 UNI-V2-WBTC-DAI (UniswapV2 WBTC-DAI LP Token) as a collateral type in the Maker Protocol with the parameters below:

Please review the following forum threads containing information about UNI-V2-WBTC-DAI (UniswapV2 WBTC-DAI LP Token) to 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:

  • UNI-V2-WBTC-DAI (UniswapV2 WBTC-DAI LP Token) 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: Dai Savings Rate Adjustment

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, February 15 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 Dai Savings Rate should be raised from 0% to 0.01%.

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: Increase the System Surplus Buffer

The Governance Facilitator(s) have placed a Governance Poll into the voting system on behalf of the Maker Governance Community. This Governance Poll will be active for three days beginning on Monday, February 15 at 16:00 UTC.

This is an instant-runoff vote. In an instant-runoff vote, you may rank any number of options in the order of preference. As a general rule, you should rank every option you would be willing to vote for if it was included in an executive vote. By failing to rank an option you signal that you are not willing to vote for it in an executive vote. Alternatively, if you would accept any of the listed options and have no preference as to which, you should vote 'Abstain' as your first choice and rank no other choices.

Review

MKR Token Holders may vote in this poll to keep or adjust the System Surplus Buffer (also referred to as the 'System Surplus'):

  • 10 million DAI (no change)
  • 20 million DAI (+10 MM)
  • 30 million DAI (+20 MM)

Please review the discussion thread to inform your position on this issue before voting.

Outcomes

If a non-'Abstain' option recieves more votes than each other option (excluding 'Abstain') and the support for that option exceeds 50% of the total votes cast (excluding 'Abstain' votes) then the following actions will be taken:

  • If the result requires a change to the current setting, the 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 change will become active in the Maker Protocol after the GSM Pause Delay has expired.

Otherwise, no further actions will be taken at this time.

Poll: Increase the ETH-A Maximum Debt Ceiling

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Maker Governance Community. This Governance Poll will be active for three days beginning on Monday, February 15 at 16:00 UTC.

This is an instant-runoff vote. In an instant-runoff vote, you may rank any number of options in the order of preference. As a general rule, you should rank every option you would be willing to vote for if it was included in an executive vote. By failing to rank an option you signal that you are not willing to vote for it in an executive vote. Alternatively, if you would accept any of the listed options and have no preference as to which, you should vote 'Abstain' as your first choice and rank no other choices.

Review

MKR Token Holders may vote in this poll to keep or adjust the ETH-A Maximum Debt Ceiling:

  • 1500 MM (no change)
  • 2000 MM (+500 MM)
  • 2500 MM (+1000 MM)

Please review the discussion thread to inform your position on this issue before voting.

Outcomes

If a non-'Abstain' option recieves more votes than each other option (excluding 'Abstain') and the support for that option exceeds 50% of the total votes cast (excluding 'Abstain' votes) then the following actions will be taken:

  • If the result requires a change to the current setting, the ETH-A Maximum Debt Ceiling (also referred as line) 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.

Otherwise, no further actions will be taken at this time.

Poll: Set Debt Ceiling Instant Access Module Parameters for Multiple Vault Types

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, February 15 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 proposed parameters for the Debt Ceiling Instant Access Module are summarized in this table:

Vault TypeCurrent lineProposed linegapttl
LRC-A3,000,00010,000,0002,000,00012 hours
BAT-A2,000,0003,000,0001,000,00012 hours
BAL-A4,000,0005,000,0001,000,00012 hours
MANA-A1,000,0002,000,000500,00012 hours
ZRX-A5,000,0005,000,0001,000,00012 hours
KNC-A5,000,0005,000,0001,000,00012 hours
RENBTC-A2,000,0002,000,000500,00012 hours

Please review the discussion thread to help inform your position before voting.

For more information regarding the Debt Ceiling Instant Access Module and how these parameters interact, check out the module documentation here.

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 this 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.


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 16:00 UTC.

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

February 15, 2021