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 ETH-B with the listed parameters.

This Governance Poll will be active for three days beginning on Monday, December 7 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'.

Review

The proposed initial parameters for the ETH-B Debt Ceiling Instant Access Module are:

• Collateral Type (ilk): ETH-B
• Maximum Debt Ceiling (line): 50 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.

Additional information on the Debt Ceiling Instant Access Module can be found in MIP27.

Outcomes

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

• The Debt Ceiling Instant Access Module will be deployed to mainnet.
• The Debt Ceiling Instant Access Module will be granted permissions to modify debt ceilings in the weekly Executive Vote on the Friday following the conclusion of this poll.
• The above Debt Ceiling Instant Access Module parameters will be set for ETH-B in the weekly Executive Vote on the Friday following the conclusion of this poll.
• If the Friday executive passes, then these changes will become active in the Maker Protocol after the Governance Security Module 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

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 16:00 UTC.

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