The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system through which the community can signal their support to add WBTC as a collateral type.

The proposed intitial Risk Parameters for WBTC are:

• Stability Fee: 1%
• Debt Ceiling: 10,000,000
• Liquidation Ratio: 150%
• Auction Lot Size: 1 W-BTC
• Minimum Bid Increment: 3%
• Bid Duration: 6 hours
• Max Auction Duration: 6 hours
• Liquidation Penalty: 13%
• Dust: 20 Dai

This Governance Poll (FAQ) will be active for approximately 2 days beginning on Tuesday, April 28 at 2:30 AM UTC.

Review

This addition was discussed in the Governance call on Thursday, April 23, 2020.

Please review the video, forum thread and the general governance discussion to inform your position before voting.

Next Steps

• If this proposal passes there will be an Executive Vote on Friday May 1 asking MKR token holders if they support or reject the change.

Resources

Additional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAO

Demos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.

To participate in future Governance calls, please join us every Thursday at 16:00 UTC.

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