Recover DAI from Optimism Escrow, Changes to Uniswap LP Vault Debt Floor Parameters, Delegate Compensation - January 14, 2022

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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

Recover DAI from Optimism Escrow

As per this successful governance poll, 10 million DAI will be transferred to forum user @lost_some_dai at the address 0xc9b48B787141595156d9a7aca4BC7De1Ca7b5eF6 if this executive proposal passes.

For further information, please see the initial Signal Request on the MakerDAO forum here. A description by the Protocol Engineering team of how this transfer will be performed can be found in this comment on the MakerDAO forum.

Uniswap LP Vault Debt Floor (dust) Increases

As per this successful governance poll, the following Uniswap LP Vault Debt Floor (dust) changes will be made to the Maker Protocol if this executive proposal passes.

  • Increase UNIV2DAIETH-A Debt Floor (dust) by 45,000 DAI from 15,000 DAI to 60,000 DAI.
  • Increase UNIV2USDCETH-A Debt Floor (dust) by 45,000 DAI from 15,000 DAI to 60,000 DAI.
  • Increase UNIV2WBTCDAI-A Debt Floor (dust) by 45,000 DAI from 15,000 DAI to 60,000 DAI.
  • Increase UNIV2WBTCETH-A Debt Floor (dust) by 10,000 DAI from 15,000 DAI to 25,000 DAI.
  • Increase UNIV2UNIETH-A Debt Floor (dust) by 10,000 DAI from 15,000 DAI to 25,000 DAI.

For further information, please see the initial Signal Request on the MakerDAO forum here.

Delegate Compensation Payments - December

As per these successful governance polls (1, 2) and the ongoing trial of delegate compensation, a total of 48,290 DAI will be distributed to seven recognized delegates as detailed below if this executive proposal passes.

Details on the breakdown of delegate compensation for the month of December can be found on the MakerDAO forum here.

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.

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