Ratification Poll for Adding the Deco Fixed Rate Core Unit (DECO-001) - November 8, 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, November 8 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'.
Review
The community may vote in this poll to express support or opposition to Adding the Deco Fixed Rate Core Unit (DECO-001) being accepted and implemented in the Maker Protocol.
MIP39c2-SP23
A brief summary of this proposal has been provided by the MIP Author and is shown below:
MIP39c2-SP23 establishes a Deco Fixed Rate Core Unit for the integration and maintenance of the Deco protocol facilitating Fixed Rate Vaults. The Deco Protocol operates to decouple Yield-Bearing Assets into Fixed Rate and Pure Yield instruments thus providing a hedge against rate volatility for all yield bearing assets.
Please review the links below to inform your position on this proposal before voting.
MIP40c3-SP35
A brief summary of this proposal has been provided by the MIP Author and is shown below:
The Deco Fixed Rate Core Unit is requesting a Budget for the fixed period of December 1, 2021, through December 1, 2024, (36 Months), with a fixed budget floor of 1,862,500 Dai annually, paid monthly secured in advance quarterly. Deco is not requesting, nor has it included any upfront reimbursement of costs for past work. Instead, Deco has proposed a revenue share model: Maker will pay to Deco 15% of the revenue from the Fixed-Rate CLAIM_FEE token sales only AFTER it has reimbursed the Deco Core Unit and DecoM operating expenses, advanced by Maker, and any MKR distributions which are to be valued in Dai as of the date of acceptance and and approval by Executive Vote Pass and to be utilized through December 1, 2024.
Please review the links below to inform your position on this proposal before voting.
MIP40c3-SP36
A brief summary of this proposal has been provided by the MIP Author and is shown below:
MIP40c3-SP36 adds a MKR budget for the Core Unit DECO-001: Deco Fixed Rate Core Unit on a fixed MKR budget of 500 MKR annually, utilizing a 12-month cliff and vesting quarterly, for the fixed period of December 1, 2021, through December 1, 2024, (36 Months).
Please review the links below to inform your position on this proposal before voting.
MIP41c4-SP24
A brief summary of this proposal has been provided by the MIP Author and is shown below:
MIP41c4-SP24 onboards Vamsi Alluri as Facilitator for the Deco Fixed Rate Core Unit.
Please review the links below to inform your position on this proposal before voting.
Outcomes
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 these proposals Accepted and the Governance Facilitators will confirm their passage on the Governance and Risk call on Thursday, November 25.
- Any further work required to implement these proposals will be tasked to the relevant Core Units.
Otherwise, this proposal will be marked as rejected per MIP51.
Resources
MIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
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.
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.