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.

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Executive Summary

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

• The address for PROXY_ACTIONS_END_CROPPER will be updated to 0x38f7C166B5B22906f04D8471E241151BA45d97Af.
• The Starknet bridge deposit limit will be increased from 50 DAI to 1,000 DAI.
• A total of 1161.49 MKR will be transferred to three Core Units, as detailed below.

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.

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Proposal Details

PROXY_ACTIONS_END_CROPPER Address Update

As per this post from the Protocol Engineering Core Unit Facilitator @Derek, the address for PROXY_ACTIONS_END_CROPPER will be updated to 0x38f7C166B5B22906f04D8471E241151BA45d97Af if this executive proposal passes.

This is an essential upgrade to ensure that DAI holders are able to redeem their DAI for underlying collateral in the event of Emergency Shutdown. Further information can be seen in the forum post here.

Starknet Bridge Deposit Limit Increase

As per this governance poll the deposit limit for the Starknet bridge will be raised from 50 DAI to 1,000 DAI, if this executive proposal passes.

Please see the forum thread for further details.

RWF-001 MKR Transfer

20 MKR will be transferred to the Real World Finance Core Unit (RWF-001) at 0x96d7b01Cc25B141520C717fa369844d34FF116ec as per their approved MKR compensation proposal if this executive proposal passes. Note that the amount being transferred is lower than the initially requested amount due to a reduction in the number of FTEs working for RWF-001.

CES-001 MKR Transfer

966.49 MKR will be transferred to the Collateral Engineering Services Core Unit (CES-001) at 0xD740882B8616B50d0B317fDFf17Ec3f4f853F44f as per their approved MKR compensation proposal if this executive proposal passes.

RISK-001 MKR Transfer

175 MKR will be transferred to the Risk Core Unit at 0x5d67d5B1fC7EF4bfF31967bE2D2d7b9323c1521c as per their approved MKR compensation proposal if this executive proposal passes.

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.

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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.