Governance Polls: Adjustments to Base Rate and more

1 June 2020

The Maker Foundation Interim Risk Team has placed a series of Governance Polls into the voting system which presents adjustments to the Base Rate, ETH Debt Ceiling, and asks if Monetary Policy votes should use Ranked Choice voting.

Poll: Base Rate Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which presents a number of possible Base Rate options. Voters are now able to signal their support for a Base Rate within a range of -4% to 4%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, June 1 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, June 5, at 4 PM UTC.

Review

The Base Rate was discussed in an online discussion to inform your position before voting.

Next Steps

  • On the Friday following the conclusion of the poll, there will be an Executive Vote asking MKR token holders if they support or reject the change proposed by this Governance Poll.

Poll: Should Monetary Policy Votes Use Ranked Choice Voting?

Description

The Maker Foundation Interim Governance Facilitator has placed this poll into the voting system on behalf of the community.

If passed, this poll is to be taken as a signal to domain teams that MKR Token Holders have approved Ranked Choice Voting on all future monetary policy polls such as Base Rate, DSR spread, and Collateral Risk Premiums.

Review

Please review the forum signal request, the original forum discussion, and a brief description of ranked choice voting provided on the May 28, 2020 governance call to inform your position before voting.

Next Steps

If this proposal passes, future monetary policy votes will use the Ranked Choice voting mechanism starting the week of Jun 8, 2020.

Poll: Debt Ceiling Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system to alter the Dai Debt Ceiling. Voters are now able to signal their support to:

  • Raise the Dai ETH Debt Ceiling by 20 million to 140 million Dai

This Governance Poll (FAQ) will be active for three days beginning on Monday, June 1 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, June 5, at 4 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

  • On the Friday following the conclusion of the poll, there will be an Executive Vote asking MKR token holders if they support or reject the change proposed by this Governance Poll.

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 16:00 UTC.

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

1 June 2020