Ratification Poll for Implementation of DSS Charter (MIP59) - October 11, 2021
The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, October 11 at 16:00 UTC.
This is a binary vote.
- You may vote for a single option.
- You should vote for the option which you prefer.
- If you would accept either option, you should vote 'Abstain'.
The community may vote in this poll to express support or opposition to the MIP59 being accepted and implemented in the Maker Protocol.
A brief summary of this proposal has been provided by the MIP Author and is shown below:
DssCharter interfaces with the dss core contracts to support creating institutional and long term vaults with debt origination fees. It also includes enforcement of a debt ceiling and a minimal collateralization ratio when drawing debt or withdrawing collateral. For institutional vaults (permissioned mode) the fee percentage and the enforcement parameters are set per vault instance. For long term vaults (non-permissioned mode) these parameters are set per collateral type.
Please review the links below to inform your position on this proposal before voting.
This poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
If the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
- The MIP Editors will mark the proposal Accepted and the Governance Facilitators will confirm its passage on the Governance and Risk call on Thursday, October 28.
- Any further work required to implement the proposal will be tasked to the relevant Core Units.
Otherwise, this proposal will be marked as rejected per MIP51.
MIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
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.