The MakerDAO Governance Facilitator has placed a Governance Poll into the voting system on behalf of the Maker Governance Community. The community can use this poll to express support or opposition for an ETH-B Vault Type.

The proposed initial Risk Parameters for ETH-B are:

• Stability Fee: 6%
• Debt Ceiling: 20,000,000
• Liquidation Ratio: 130%
• Auction Lot Size: 50,000 DAI
• Minimum Bid Increment: 3%
• Bid Duration: 6 hours
• Max Auction Duration: 6 hours
• Liquidation Penalty: 13%
• Dust: 100 Dai

This Governance Poll (FAQ) will be active for three days beginning on Monday, October 5 at 16:00 UTC, the results of which may inform an Executive Vote which will go live on Friday, October 9, at 16:00 UTC.

Review

The ETH-B Vault Type was voted on in a forum signal request. Please review the thread to inform your position before voting.

Next Steps

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

If the Friday executive passes, then this debt ceiling change will become active in the Maker Protocol after the Governance Security Module delay has expired.

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 16:00 UTC.

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