PollingExecutiveDelegatesES Module
Posted Nov 15 2021 16:00 UTC
Poll ended

Local Liquidation Limit Adjustments for ETH-A, ETH-B, ETH-C, WBTC-A and WSTETH-A - November 15, 2021

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Discussion

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Risk Core Unit. This Governance Poll will be active for three days beginning on Monday, November 15 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

MKR Token Holders may vote in this poll to express support or opposition to the following changes.

Increase the Local Liquidation Limit (ilk.hole) as follows:

  • ETH-A Local Liquidation Limit (ilk.hole) from 40 million DAI to 65 million DAI.
  • ETH-B Local Liquidation Limit (ilk.hole) from 25 million DAI to 30 million DAI.
  • ETH-C Local Liquidation Limit (ilk.hole) from 30 million DAI to 35 million DAI.
  • WBTC-A Local Liquidation Limit (ilk.hole) from 25 million DAI to 40 million DAI.
  • WSTETH-A Local Liquidation Limit (ilk.hole) from 3 million DAI to 7 million DAI

Please review the discussion thread to inform your position on this issue before voting.

Outcomes

If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:

  • This parameters changes will be included in the weekly Executive Vote on the Friday following the conclusion of this poll.
  • If the Friday executive passes, then this parameter change will become active in the Maker Protocol after the GSM Pause Delay has expired.

If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then no further action will be taken at this time.


Resources

Unsure about the Local Liquidation Limit (ilk.hole) parameter and what you should take into account when voting? Check out the parameter documentation here.

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.

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