Governance Polls: Greenlight Polls, Liquidations 2.0 Framework, and more

May 17, 2021

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Risk Domain Team. The community can vote in this poll to express support or opposition to these polls on the voting portal.

Community Greenlight Polls

The Governance Facilitators have placed a governance poll into the voting system as part of their responsibilities as defined in MIP9: Community Greenlight. This Governance Poll will be active for fourteen days beginning on Monday, May 17 at 16:00 UTC.

This is a binary vote.

  • You may vote for a single option.
  • You should vote for the option which you prefer.
  • If you would accept either option, you should vote 'Abstain'.

Review

This poll asks whether the following assets should be prioritized for inclusion in the Maker Protocol by the domain teams:
CEL (Celsius Network Token)
PA-DROP (PandaCredit DROP Token)
SLP-SNX-ETH (Sushiswap SNX-ETH LP Token)
SLP-UNI-ETH (Sushiswap UNI-ETH LP Token)
SLP-YFI-ETH (Sushiswap YFI-ETH LP Token)
SLP-AAVE-ETH (Sushiswap AAVE-ETH LP Token)
SLP-COMP-ETH (Sushiswap COMP-ETH LP Token)
SLP-ETH-USDT (Sushiswap ETH-USDT LP Token)
SLP-LINK-ETH (Sushiswap LINK-ETH LP Token)
SLP-USDC-ETH (Sushiswap USDC-ETH LP Token)
SLP-WBTC-ETH (Sushiswap WBTC-ETH LP Token)
SLP-SUSHI-ETH (Sushiswap SUSHI-ETH LP Token)

Please review the collateral onboarding application thread to inform your position before voting.

Outcomes

Regardless of the winning option the following actions will be taken at the conclusion of this poll:

  • The 'greenlight score' will be calculated for the assets using the formula Score = 'Yes' Votes - 'No' Votes
  • The 'greenlight score' for the assets will be added to the Collateral Prioritisation Sheet by the Governance Facilitators.
  • The Domain Teams will use the Collateral Prioritisation Sheet to direct their work on onboarding new collateral types.

Add UNIV2DAIUSDT-A to Liquidations 2.0 Framework

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO mandated actors. This Governance Poll will be active for three days beginning on Monday, May 17 at 16:00 UTC.

This is a binary vote.

  • You may vote for a single option.
  • You should vote for the option which you prefer.
  • If you would accept either option, you should vote 'Abstain'.

Review

This poll allows the MakerDAO governance community to signal their support or opposition to adding UNIV2DAIUSDT-A to the Liquidations 2.0 Framework in the Maker Protocol with the parameters below:

Auction Price

Limits

Incentives

Please review the following Risk Evaluation containing information about UNIV2DAIUSDT-A to inform your position before voting.

Outcomes

If the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:

  • UNIV2DAIUSDT-A will be added to the Liquidations 2.0 System by a future executive vote as the Smart Contracts Team schedule allows.
  • It is expected that this executive vote will take place within 30 days of this poll passing, absent external factors.
  • If the executive vote passes, then these changes will become active in the Maker Protocol after the GSM Pause Delay has expired.

If the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.

Add Volatile-Volatile UNI LPs to Liquidations 2.0 Framework

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO mandated actors. This Governance Poll will be active for three days beginning on Monday, May 17 at 16:00 UTC.

This is a binary vote.

  • You may vote for a single option.
  • You should vote for the option which you prefer.
  • If you would accept either option, you should vote 'Abstain'.

Review

This poll allows the MakerDAO governance community to signal their support or opposition to adding the following Volatile-Volatile UNI LPs to the Liquidations 2.0 Framework in the Maker Protocol:

  • UNIV2WBTCETH-A
  • UNIV2LINKETH-A
  • UNIV2UNIETH-A
  • UNIV2AAVEETH-A

Common Parameters
These parameters will be identical for each of the vault types listed above.

Auction Price

Limits

Incentives

Local Liquidation Limits (ilk.hole)
This parameter is different for each vault type listed above.

  • UNIV2WBTCETH-A Local Liquidation Limit (ilk.hole): 5 million DAI
  • UNIV2LINKETH-A Local Liquidation Limit (ilk.hole): 3 million DAI
  • UNIV2UNIETH-A Local Liquidation Limit (ilk.hole): 3 million DAI
  • UNIV2AAVEETH-A Local Liquidation Limit (ilk.hole): 3 million DAI

Please review the following Risk Evaluation containing information about Volatile-Volatile UNI LPs to inform your position before voting.

Outcomes

If the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:

  • Volatile-Volatile UNI LPs will be added to the Liquidations 2.0 System by a future executive vote as the Smart Contracts Team schedule allows.
  • It is expected that this executive vote will take place within 30 days of this poll passing, absent external factors.
  • If the executive vote passes, then these changes will become active in the Maker Protocol after the GSM Pause Delay has expired.

If the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.

Add Stablecoin-Volatile UNI LPs to Liquidations 2.0 Framework

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO mandated actors. This Governance Poll will be active for three days beginning on Monday, May 17 at 16:00 UTC.

This is a binary vote.

  • You may vote for a single option.
  • You should vote for the option which you prefer.
  • If you would accept either option, you should vote 'Abstain'.

Review

This poll allows the MakerDAO governance community to signal their support or opposition to adding the following vault types to the Liquidations 2.0 Framework in the Maker Protocol:

  • UNIV2DAIETH-A
  • UNIV2USDCETH-A
  • UNIV2ETHUSDT-A
  • UNIV2WBTCDAI-A

The proposed auction parameters for the above-mentioned vaults are:

Auction Price

Limits

Incentives

Please review the following Risk Evaluation containing information about Stablecoin-Volatile UNI LPs to inform your position before voting.

Outcomes

If the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:

  • Stablecoin-Volatile UNI LPs will be added to the Liquidations 2.0 System by a future executive vote as the Smart Contracts Team schedule allows.
  • It is expected that this executive vote will take place within 30 days of this poll passing, absent external factors.
  • If the executive vote passes, then these changes will become active in the Maker Protocol after the GSM Pause Delay has expired.

If the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.

Monthly MIPs Governance Poll

The Governance Facilitators have placed the monthly MIPs Governance Poll into the voting system as part of the responsibilities defined in MIP3. This Governance Poll will be active for three days beginning on Monday, May 17 at 16:00 UTC.

This is a binary vote.

  • You may vote for a single option.
  • You should vote for the option which you prefer.
  • If you would accept either option, you should vote 'Abstain'.

Review

This poll asks whether the bundled contents of this month's Governance Cycle should proceed to an Executive Vote to be held on May 24, 2021. The bundled contents of this poll consist of:

MIPs

Amendments

Sustainable Ecosystem Scaling Core Unit Onboarding Set

The proposals can be reviewed in this week's MIPs update here. It was also discussed on the latest Governance and Risk call on May 13, 2021.

Outcomes

If the votes for the 'Yes' option exceed the votes for the 'No' option, then the following actions will be taken:

  • This MIPs bundle will proceed to the final ratification vote (Executive Vote) in the last week of the monthly Governance Cycle provided the Governance Facilitators confirm a 'yes' outcome of the Monthly Governance Poll on the next Governance and Risk call on May 20, 2021.
  • The Executive Vote will be submitted on May 24, 2021 assuming a positive outcome is confirmed by the Governance Facilitators.

If the votes for the 'No' option equal or exceed the votes for the 'Yes' option, then no further action will be taken at this time.

  • Proposals may be resubmitted to the governance cycle up to three times if they are voted down.

Resources

MIP3: Governance Cycle describes this type of poll and goes into more detail about its position and significance within the rest of the governance cycle.

If you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works, and this wallet setup guide to set up your wallet to vote.

Additional information about the Governance process can be found in the Governance section of the MakerDAO community portal.

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.

May 17, 2021

Read next