The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO mandated actors. This Governance Poll will be active for three days beginning on Monday, November 07 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

This poll allows the MakerDAO governance community to signal their support or opposition to adding the Compound V2 D3M to the Maker Protocol with the parameters below:

Initial Vault Parameters

• Maximum Debt Ceiling (line): 5 million DAI to be increased to 160 million DAI once the Protocol Engineering Core Unit are satisifed that it is safe to do so.
• Target Available Debt (gap): 5 million DAI to be increased to 10 million DAI once the Protocol Engineering Core Unit are satiisfied that it is safe to increase the Maximum Debt Ceiling.
• Ceiling Increase Cooldown (ttl): 12 hours.
• Target Borrow Rate (bar): 2%.

Please review the following resources containing information about The Compound V2 D3M to inform your position before voting.

• Proposal Thread
• Initial Risk Core Unit Evaluation
• Maker Open Market Committee (MOMC) Evaluation With Updated Risk Parameters
• Protocol Engineering Core Unit Evaluation
• Collateral Engineering Services Core Unit Compound and cDAI Evaluation
• MIP 50: DAI Direct Deposit Module
• Maker Operational Manual D3M Information

Outcomes

If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:

• The Compound V2 D3M will be onboarded in a future executive vote as the Protocol Engineering Core Unit's schedule allows.
• 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 the Compound V2 D3M 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.

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Resources

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.