Posted Jun 07 2021 16:00 UTC | Poll ID 569

Parameter Changes Proposal - MakerDAO Open Market Committee - June 7, 2021

Risk Parameter
MakerDAO Open Market Committee
Forum Discussion

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'.


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.


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.


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.

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