Parameter Changes Proposal - MakerDAO Open Market Committee - June 7, 2021
The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Open Market Committee. This Governance Poll will be active for three days beginning on Monday, June 7 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
MKR Token Holders may vote in this poll to express support or opposition to the following parameter changes.
Parameter Changes by Type
Stability Fee Decreases
| Vault Type | Old | New | Change |
|---|---|---|---|
| ETH-A | 5.50% | 3.50% | -2.00% |
| ETH-B | 10.00% | 9.00% | -1.00% |
| ETH-C | 3.00% | 1.00% | -2.00% |
| WBTC-A | 4.50% | 3.50% | -1.00% |
| LINK-A | 5.00% | 4.00% | -1.00% |
| YFI-A | 5.50% | 4.00% | -1.50% |
| UNI-A | 3.00% | 2.00% | -1.00% |
| AAVE-A | 3.00% | 2.00% | -1.00% |
| BAT-A | 5.00% | 4.00% | -1.00% |
| RENBTC-A | 5.00% | 4.00% | -1.00% |
| UNIV2DAIETH-A | 3.50% | 2.50% | -1.00% |
| UNIV2USDCETH-A | 4.50% | 3.50% | -1.00% |
| UNIV2WBTCETH-A | 4.50% | 3.50% | -1.00% |
| UNIV2UNIETH-A | 5.00% | 4.00% | -1.00% |
| UNIV2ETHUSDT-A | 5.00% | 4.00% | -1.00% |
| UNIV2LINKETH-A | 4.00% | 3.00% | -1.00% |
| UNIV2AAVEETH-A | 4.00% | 3.00% | -1.00% |
| UNIV2DAIUSDT-A | 3.00% | 2.00% | -1.00% |
Debt Ceiling Increases
| Vault Type | Old | New | Change |
|---|---|---|---|
| ETH-B | 50,000,000 | 300,000,000 | 250,000,000 |
| YFI-A | 90,000,000 | 130,000,000 | 40,000,000 |
Debt Ceiling Decreases
| Vault Type | Old | New | Change |
|---|---|---|---|
| ZRX-A | 10,000,000 | 3,000,000 | -7,000,000 |
| LRC-A | 5,000,000 | 3,000,000 | -2,000,000 |
| COMP-A | 30,000,000 | 20,000,000 | -10,000,000 |
Target Available Debt (gap) Increases
| Vault Type | Old | New | Change |
|---|---|---|---|
| ETH-A | 80,000,000 | 100,000,000 | 20,000,000 |
| ETH-B | 5,000,000 | 10,000,000 | 5,000,000 |
| WBTC-A | 15,000,000 | 30,000,000 | 15,000,000 |
| YFI-A | 5,000,000 | 7,000,000 | 2,000,000 |
| UNI-A | 3,000,000 | 5,000,000 | 2,000,000 |
Target Available Debt (gap) Decreases
| Vault Type | Old | New | Change |
|---|---|---|---|
| ZRX-A | 1,000,000 | 500,000 | -500,000 |
| LRC-A | 1,000,000 | 500,000 | -500,000 |
Ceiling Increase Cooldown (ttl) Decreases
All vault types with DC-IAM enabled have their proposed Ceiling Increase Cooldown (ttl) decreased from 12 hours to 8 hours.
Please review the proposal thread to help inform your position before voting.
Outcomes
If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
- These parameter changes will be included 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 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.
Resources
Unsure about the Parameter Changes and what you should take into account when voting? Check out the parameter documentation on Stability Fee, Debt Ceiling and DC-IAM.
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.