Polling
Executive
DelegatesES Module

Core Unit MKR Vesting, Recognized Delegate Compensation, MOMC Parameter Changes - September 07, 2022

0x07...97b5

Spell Address

MKR Support

Supporters

The Governance Facilitator(s) and the Protocol Engineering Core Unit have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol.

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.


Executive Summary

If this executive proposal passes, the following changes will occur within the Maker Protocol:

Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.

Unless otherwise noted, the changes and additions listed above are subject to the GSM Pause Delay. This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to 48 hours.

If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol.


Proposal Details

Core Unit MKR Transfers

As per their successful budget proposals (linked below), a total of 163 MKR will be streamed to multiple Core Units if this executive proposal passes:

Core Unit MKR Stream

As per their successful MKR compensation proposal, 803 MKR will be streamed to the Growth Core Unit (GRO-001) at 0x7800C137A645c07132886539217ce192b9F0528e starting on 2022-07-01 and ending on 2023-07-01, if this executive proposal passes.

Please note, as this is the second MKR vesting stream for this Core Unit, the cliff date for this stream will be set to the start date to enable the Core Unit to vest tokens for contributors that had already reached their 12-month cliff before this stream was established.

Note: the previous stream for the Growth Core Unit for 803 MKR was established in the 2021-12-10 executive vote. When this stream ended, 63.18 MKR remained unclaimed. This transaction from the GRO-001 multi-sig has redirected this stream to the MakerDAO Pause Proxy. As a result, the leftover MKR can no longer be claimed by the Growth Core Unit.

Recognized Delegate Compensation

As per MIP61: Recognized Delegate Compensation, a total of 117,445 DAI will be distributed to sixteen Recognized Delegates as itemized below if this executive proposal passes:

MOMC Parameter Changes

As per this poll, the following changes recommended by the Maker Open Market Committee - Parameter Proposal Group will be made, if this executive proposal passes:

Stability Fee decreases

Maximum Debt Ceiling (line) increases

Target Available Debt (gap) increases

Note: the poll initially proposed a new Maximum Debt Ceiling for CRVV1ETHSTETH-A of 50 million DAI. The Protocol Engineering Core Unit has advised limiting this to 20 million DAI due to technical concerns.

Review

Community debate on these topics can be found on the MakerDAO Governance forum. Please review any linked threads to inform your position before voting.

Additionally, these changes may have been discussed further in recent Governance calls. Video for these calls is available to review.


Resources

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.

Loading...

Supporters

Updated every five minutes
Loading...

Executive Proposal FAQs

Official Community Channels

Governance

ForumOperational ManualGovernance FAQsGov Tracking SheetMonthly Gov CycleWeekly Gov Cycle

Development & UX Channels