Governance Polls: Adjustments to DSR, Dai Stability Fee, USDC Stability Fee, and more – March 30, 2020

30 March 2020

The Maker Foundation Interim Risk Team has placed a series of Governance Polls into the voting system which presents a DSR Spread adjustment, Dai Stability Fee adjustment, USDC Stability Fee adjustment, a Sai Stability Fee adjustment, a Migration Contract, and a Single Collateral Dai (Sai) shutdown 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 30 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, April 3, at 4 PM UTC.

Review

The Dai Savings Rate Spread was discussed in the Governance call on Thursday, March 26. 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 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 0% to 4.5%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, March 30 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, April 3, at 4 PM UTC.

Review

The Dai Stability Fee was discussed in the Governance call on Thursday, March 26. 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: USDC Stability Fee Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which presents a number of possible USDC Stability Fee options. Voters are now able to signal their support for a USDC Stability Fee within a range of 12% to 20%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, March 30 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, April 3, at 4 PM UTC.

Review

The USDC Stability Fee was discussed in the Governance call on Thursday, March 19. 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 3.5% to 11.5%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, March 30 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, April 3, at 4 PM UTC.

Review

The Sai Stability Fee was discussed in the Governance call on Thursday, March 26. 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: Migration Contract Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system to set the Sai to Dai migration debt ceiling. Voters are now able to signal their support to:

  • Lower Sai to Dai migration debt ceiling to 0

This Governance Poll (FAQ) will be active for three days beginning on Tuesday, March 30, the results of which may inform an Executive Vote which will go live on Friday, April 3, at 4 PM UTC.

Review

The Sai to Dai migration debt ceiling was discussed in the Governance call on Thursday, March 26. 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: Should we initiate the shutdown of the Single Collateral Dai (Sai) system through an executive vote on April 24th, 2020?

The Maker Foundation Interim Governance Facilitator has placed a Governance Poll into the voting system which the community can use to signal their support to initiate the shutdown of the Single Collateral Dai system through an executive vote on April 24th, 2020.

This Governance Poll (FAQ) will be active for seven days beginning on Monday, March 30 at 4 PM UTC.

Review

The rationale for shutting down SCD was discussed in the Governance call on Wednesday, March 18. Please review the videoforum thread and the general discussion to inform your position before voting.

Next Steps

  • If this proposal passes, on the Friday April 24th, 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.

30 March 2020