PollingExecutiveDelegatesES Module

Offboarding Vaults, MKR Vesting, and Core Unit Budget Distribution - October 8, 2021

0x94...Fe63

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.

This executive proposal includes an office-hours modifier that means that it can only be executed between 14:00 and 21:00 UTC, Monday - Friday. This is to ensure developer and liquidation coverage is available if this proposal passes.

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

Offboarding Vaults

Given the successful Signal Request Process from this thread, the listed vaults will be offboarded by implementing the following changes if this executive proposal passes.

BAT-A

As per this poll, the following parameter changes will occur to offboard BAT-A if this executive proposal passes:

LRC-A

As per this poll, the following parameter changes will occur to offboard LRC-A if this executive proposal passes:

ZRX-A

As per this poll, the following parameter changes will occur to offboard ZRX-A if this executive proposal passes:

UNIV2AAVEETH-A

As per this poll the following parameter changes will occur to offboard UNIV2AAVEETH-A if this executive proposal passes:

UNIV2LINKETH-A

As per this poll, the following parameter changes will occur to offboard UNIV2LINKETH-A if this executive proposal passes:

RISK-001 MKR Vesting Stream

Given the successful outcome of this poll, a MKR Vesting stream with the following details will be established for the Risk Core Unit (RISK-001) if this executive proposal passes.

700 MKR will be streamed from the Protocol Treasury to 0x5d67d5B1fC7EF4bfF31967bE2D2d7b9323c1521c as detailed in the budget proposal, with a start date of 2021-04-01 and an end date of 2022-04-01. MKR will not be claimable until 2022-04-01.

For more information, please visit the proposal thread.

Distribute Initial CES-001 Core Unit Budget

Given the successful outcome of this poll, the budget for the Collateral Engineering Services Core Unit (CES-001) will be distributed as described below if this executive proposal passes.

1,223,552 DAI will be sent to 0x25307aB59Cd5d8b4E2C01218262Ddf6a89Ff86da as requested in this budget proposal.

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 Loading...

Supporters

Loading...

Executive Proposal FAQs