Governance Polls: Adjustments to Dai Stability Fee, DSR Spread, Sai Stability Fee, and Reducing the frequency of DSR Spread – March 2, 2020

March 2, 2020

The Maker Foundation Interim Risk Team has placed a series of Governance Polls into the voting system which presents a Dai Stability Fee adjustment, Dai Savings Rate Spread adjustment, a Sai Stability Fee 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, March 2 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, March 6, at 5 PM UTC.

Review

The Dai Stability Fee was discussed in the Governance call on Thursday, February 27. Please review the VideoAudioSummary and the 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: 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, March 2 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, March 6, at 5 PM UTC.

Review

The Dai Savings Rate Spread was discussed in the Governance call on Thursday, February 27. Please review the VideoAudioSummary and the 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: 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, March 2 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, March 6, at 5 PM UTC.

Review

The Sai Stability Fee was discussed in the Governance call on Thursday, February 27. Please review the VideoAudioSummary and the 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: Adjust DSR Spread Polling Cadence

If passed, the frequency of the "Dai Savings Rate Spread Adjustment" governance poll will be reduced to one poll every two weeks. 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, March 2 at 5 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, March 6, 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

  • If this proposal passes, DSR Spread polls will be introduced into the voting portal once every two weeks.

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.

March 2, 2020