Governance Poll: Base Rate Adjustment, WBTC Debt Ceiling and Risk Premium

29 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, and WBTC Debt Ceiling.

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 -3.75% to 4.25%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, June 29 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, July 3, at 4 PM UTC.

Review

The Base Rate was discussed in an online discussion, please review 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.

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.

Poll: Adjust the WBTC Debt Ceiling and Risk Premium

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Maker Governance Community. The community can use this poll express support or opposition to increasing the WBTC Debt Ceiling from 10m to 20m, and increasing the WBTC Risk Premium from 1% to 2%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, June 29 at 4 PM UTC, the results of which may inform an Executive Vote (FAQ) which will go live on Friday, July 3, at 4 PM UTC.

Review

Additional context was presented in a Signal Request on June 13th, 2020. Please review 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.


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

29 June 2020