Inclusion Poll for Direct Deposit Module (MIP50) - May 10, 2021
The Governance Facilitators have placed an inclusion poll into the voting system as part of the responsibilities defined in MIP3. This Governance Poll will be active for three days beginning on Monday, May 10 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'.
The community can vote in this poll to express support or opposition to this proposal being included in this month's governance cycle.
A summary has been provided by the MIP author:
The Direct Deposit Module interfaces with third party lending protocols to enforce a maximum variable borrow rate for selected assets. Maker Governance is able to pick a target variable borrow rate, and the module will automatically deposit/remove liquidity to ensure that target rate is hit.
The full text of MIP50 can be read here.
This poll implements an Inclusion Threshold. The Inclusion Threshold is currently set to 3,000 MKR.
If the votes for the 'Yes' option exceed the votes for the 'No' option by at least 3,000 MKR then the following actions will be taken:
- The Governance Facilitators will confirm the inclusion of this proposal within the next Monthly Governance Poll on the Governance and Risk call on May 13, 2021.
- The Monthly Governance Poll occurs in week 3 of the Governance Cycle.
If the votes for the Yes' option DO NOT exceed the votes for the 'No' option by at least 3,000 MKR then this proposal will not be included in this month's governance cycle.
MIP3: Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
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.