The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, June 14 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

The community can vote in this poll to express support or opposition to this proposal being accepted and implemented in the Maker Protocol.

The proposal in its entirety can be found here. The sentence summary and paragraph summary have been provided by the MIP author:

Sentence Summary

MIP40c3-SP17 adds the MKR Incentive Plan budget for Core Unit SES-001: Sustainable Ecosystem Scaling.

Paragraph Summary

MIP40c3-SP17 adds the MKR Incentive Plan budget for Core Unit SES-001: Sustainable Ecosystem Scaling. It contains:

• Total MKR Expenditure Cap
• Estimated MKR Expenditure (based on the current team)
• Escrow Wallet mechanism

MKR incentives have been determined based on the Program discussed here. This is a 3-year vesting plan with 1-year cliff vest.

Please review the discussion thread to inform your position on this proposal before voting. It was also mentioned and possibly discussed on the Governance and Risk call on Thursday, June 10.

Outcomes

This poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.

If the votes for the 'Yes' option exceed the votes for the 'No' option AND at least 10,000 MKR have voted in favor of this poll, then the following actions will be taken:

• The MIP Editors will mark the proposal Accepted and the Governance Facilitators will confirm its passage on the Governance and Risk call on Thursday, July 1.
• The proposal will be added to the Maker Protocol, with implementation tasked to the relevant Core Unit and Domain Teams.

If the votes for the Yes' option DO NOT exceed the votes for the 'No' option, OR less than 10,000 MKR vote in favor of this proposal, then this proposal will be marked as rejected per MIP51.

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Resources

MIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.

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.