The MakerDAO governance facilitator has placed a Governance Poll into the voting system on behalf of the MakerDAO mandated actors. This poll allows the MakerDAO governance community to signal their support or opposition to adding renBTC as a collateral type in the Maker Protocol.
This Governance Poll will be active for three days beginning on Monday, November 30 at 16:00 UTC.
This is a binary vote. In a binary vote, you may vote for a single option. You should vote for the option which you prefer. Alternatively, if you would accept either of the two options and have no preference between them, you should abstain.
The proposed initial system parameters for renBTC are:
Stability Fee: 6%
Liquidation Ratio: 175%
Debt Ceiling: 2 million DAI
Auction Lot Size: 50,000 DAI
Minimum Bid Increment: 3%
Bid Duration: 6 hours
Max Auction Duration: 6 hours
Liquidation Penalty: 13%
Dust: 500 DAI
Note that the Dust parameter has been brought into line with the other collateral types after the success of this Executive Vote.
Please review the following forum threads containing information about renBTC to inform your position before voting.