The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system through which the community can signal their support to add KNC as a collateral type.

The proposed initial Risk Parameters for KNC are:

• Risk Premium: 4%
• Liquidation Ratio: 175%
• Debt Ceiling: 5 million
• Auction Lot Size: 50,000
• Minimum Bid Increment: 3%
• Bid Duration: 6 hours
• Max Auction Duration: 6 hours
• Liquidation Penalty: 13%
• Dust: 20 Dai

This Governance Poll (FAQ) will be active for approximately 3 days beginning on Monday, June 15 at 4:00 PM UTC.

Review

Please review the risk evaluation forum thread, the domain team work requirements post, and the general governance discussion to inform your position before voting.

Next Steps

If this proposal passes there will be an Executive Vote on Friday, June 26 asking MKR token holders if they support or reject the change.

Resources

Additional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAO

Demos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.

To participate in future Governance calls, please join us every Thursday at 16:00 UTC.

To add current and upcoming votes to your calendar, please see the MakerDAO Public Events Calendar.