The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Maker Community. This Governance Poll will be active for three days beginning on Monday, January 10 at 16:00 UTC.

This is a binary vote.

• You may vote for a single option.
• You should vote for the option that you prefer.
• If you would accept any of the options you should vote 'Abstain'.

Review

The community can vote in this poll to express support or opposition for the following change to the Emergency Shutdown Module (ESM):

• Raise the ESM threshold from 75,000 MKR to 100,000 MKR.

Please review the discussion thread to help inform your position before voting.

Further information about the ESM is available here.

Outcomes

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

• This parameter change will take place in a future executive vote as the Protocol Engineering Core Unit's schedule allows.
• It is expected that this executive vote will take place within 30 days of this poll passing, absent external factors.
• If the executive vote 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.

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Resources

Unsure about the Emergency Shutdown Module (ESM) and what you should take into account when voting? Check out the documentation here and 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.