The Maker Foundation Smart Contracts Team has placed a Governance Poll into the voting system to approve/disapprove the new TUSD implementation. Voters are now able to signal their support to:

Approve the new TUSD implementation with the following risk parameters:

• TUSD-A Ceiling (Vat[TUSD-A].line) 2,000,000 DAI
• Min DAI in TUSD-A Vault (Vat[TUSD-A].dust) 100 DAI
• TUSD-A liquidation lot size (Cat[TUSD-A].dunk) 50,000
• TUSD-A liquidation penalty (Cat[TUSD-A].chop) 13.00%
• TUSD-A stability fee (Jug[TUSD-A].duty) 0.00%
• TUSD-A auction min. bid increase (Flip[TUSD-A].beg) 3.00%
• TUSD-A auction bid duration (Flip[TUSD-A].ttl) 6 hrs
• TUSD-A auction duration (Flip[TUSD-A].tau) 3 days
• TUSD-A col. ratio (Spot[TUSD-A].mat) 120%

These parameters match the original risk parameters with the exception of the dust parameter, which has been updated to 100 DAI. Also worth noting is that a Risk Premium was never determined, instead Stability Fee was directly set to 0%.

Please note that liquidations for TUSD will be disabled.

This Governance Poll (FAQ) will be active for three days beginning on Monday, September 14 at 16:00 UTC, the results of which may inform an Executive Vote which will go live on Friday, September 18, at 16:00 UTC.

Review

The initial proposal for approving the new TUSD implementation can be found here along with the poll results.

Next Steps

If this poll ends with a 'Yes' majority, this change will be included in the Executive Vote on Friday, September 18.

If this poll ends with a 'No' majority, the TUSD collateral type will remain in its current state.

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Resources

If you are new to voting in the Maker Protocol, please see the voter onboarding guide to learn how to use this dashboard and setup your wallet to vote.

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

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