Governance Polls: Adjustments to Dai Stability Fee, USDC Stability Fee, and WBTC Stability Fee

4 May 2020

The Maker Foundation Interim Risk Team has placed a series of Governance Polls into the voting system which presents adjustments to the Dai Stability Fee, USDC Stability Fee, and WBTC Stability Fee.

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, May 4 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, May 7, at 4 PM UTC.

Review

The Dai Stability Fee was discussed in the Governance call on Thursday, April 30. 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 0% to 4.5%.

This Governance Poll (FAQ) will be active for three days beginning on Wednesday, May 4 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, May 7, at 4 PM UTC.

Review

The USDC Stability Fee was discussed in the Governance call on Thursday, April 30. 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: WBTC Stability Fee Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which presents a number of possible WTBC Stability Fee options. Voters are now able to signal their support for a WTBC Stability Fee within a range of 0% to 5%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, May 4 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, May 7, at 4 PM UTC.

Review

The WBTC Stability Fee was discussed in the Governance call on Thursday, April 30. 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.

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.

4 May 2020