Short Ratification Poll for Vault Setting Amendment Subproposal (MIP92c5-SP1) - March 13, 2023
The Governance Facilitators have placed a short ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for three days beginning on Monday, March 13 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 MIP92c5-SP1 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:
As MIP92: Onboard PSM USDC to Yearn to earn Yield noted “A list of investment strategies that the vault might adopt is proposed. Choices of which strategies to pursue, deposit limits, debt ratios, and corresponding risk profiles are controlled by Maker Governance.”
Considering MIP92 has passed, we believe that such onboarding should take step by step especially with strategies that the Maker protocol already has exposure to and thus can be understood as more “comfortable” to deploy. And Maker already has exposure to both AAVE, Compound Finance, and Uniswap LP.
Please review the links below to inform your position on this proposal before voting.
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 $week_four_governance_call_date.
- Any further work required to implement the proposal will be tasked to the relevant Core Units.
- Note that if the Constitution MIP Set is approved this proposal will not be actioned, even if approved.
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.
Additional information about the Governance process can be found in the Maker Operational Manual.
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 Governance Calendar.