Set YFI-A Debt Ceiling Instant Access Module Parameters - February 8, 2021
The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Risk Domain Team. The community can vote in this poll to express support or opposition to using the Debt Ceiling Instant Access Module for YFI-A with the listed parameters.
This Governance Poll will be active for three days beginning on Monday, February 8 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 vote 'Abstain'.
The proposed parameters for the YFI-A Debt Ceiling Instant Access Module are:
- Collateral Type (
- Maximum Debt Ceiling (
line): 45 million DAI
- Target Available Debt (
gap): 5 million DAI
- Ceiling Increase Cooldown (
ttl): 12 hours
Please review the discussion thread to help inform your position before voting.
For more information regarding the Debt Ceiling Instant Access Module and how these parameters interact, check out the module documentation here.
If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
- This change will be included in the weekly Executive Vote on the Friday following the conclusion of this poll.
- If the Friday executive passes, then this 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.
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.