The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, April 11 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 may vote in this poll to express support or opposition to MIP40c3-SP62 being accepted and implemented in the Maker Protocol.

A brief summary of this proposal has been provided by the MIP Author and is shown below:

This modification adjusts the team’s budget figures, extends our funding through to the end of 12/22, and updates the budget implementation.

A vote to ratify this MIP means MKR holders agree to:

• Fund new budget figures through to the end of Q4 2022.
• Approve the new budget figures below.
• Approve associated stream and one-time payment implementations.
• Top-up our team’s Continuous Operation multi-sig.

Please review the links below to inform your position on this proposal before voting.

• Canonical Proposal Version
• Latest Proposal Version
• Proposal Discussion Thread

The Governance Communications Core Unit (COM-001) has also submitted an alternative budget (MIP40c3-SP63) that includes a plan for a 4th full-time hire. The Ratification Poll for said alternative budget will run in parallel to this one. If both this and the alternative budget subproposals pass, the alternative budget will be executed and this one will be discarded, as per the Contingent Execution clause contained in the latter.

Outcomes

This poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.

If the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:

• The MIP Editors will mark the proposal Accepted and the Governance Facilitators will confirm its passage on the Governance and Risk call on Thursday, April 28.
• Any further work required to implement the proposal will be tasked to the relevant Core Units.

Otherwise, this proposal will be marked as rejected per MIP51.

Resources

MIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.

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.