The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, August 21 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 the following changes:

• Decrease ETH market variableRateSlope1 by 0.2% from 3% to 2.8% - this effectively reduces the optimal borrow rate from 4% to 3.8%.
• Increase ETH market Optimal Utilization by 10% from 80% to 90% - this allows for better rates to suppliers at the optimal utilization.
• Increase ETH market variableRateSlope2 by 40% from 80% to 120% - this effectively increases the maximum borrow rate from 84% to 123.8%. This reduces the possibility of the lending pool being at 100% utilization rate by accelerating the rate increase.

Please review the discussion 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 changes will be included in an upcoming Executive Vote.
• It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
• If the Executive Vote 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

If you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.

Additional information about the Governance process can be found in the Maker Operational Manual.

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