Governance Polls: Adjustments to Dai Stability Fee, DSR Spread, Debt Ceiling, Sai Stability Fee, and Reducing the frequency of DSR Spread – February 24, 2020

24th February 2020

The Maker Foundation Interim Risk Team has placed a series of Governance Polls into the voting system which presents a Dai Stabilty Fee adjustment, Dai Savings Rate Spread adjustment, a Sai Stability Fee adjustment, a Debt Ceiling adjustment, and a poll to reduce the frequency of DSR spread adjustments.

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 24 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, February 28, at 5 PM UTC.

Review

The Dai Stability Fee was discussed in the Governance call on Thursday, February 20. Please review the VideoAudioSummary and the online discussion to inform your position before voting.

Next Steps

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 24 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, February 28, at 5 PM UTC.

Review

The Dai Savings Rate Spread was discussed in the Governance call on Thursday, February 20. 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 5.5% to 13.5%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, February 24 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, February 28, at 5 PM UTC.

Review

The Sai Stability Fee was discussed in the Governance call on Thursday, February 20. 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 Debt Ceilings. Voters are now able to signal their support to:

This Governance Poll (FAQ) will be active for three days beginning on Monday, February 24, the results of which may inform an Executive Vote which will go live on Friday, February 28, 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 this governance proposal.

Next Steps

Poll: Should we reduce the frequency of the DSR Spread governance poll to once per month?

If passed, the frequency of the "Dai Savings Rate Spread Adjustment" governance poll will be reduced to one poll per month. The poll will only be added on the first Monday of every month. The relative start and end times for the poll will remain unchanged.

This Governance Poll (FAQ) will be active for three days beginning on Monday, February 24 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, February 28, at 5 PM UTC.

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.


24th February 2020