Posted Apr 17 2023 16:00 UTC | Poll ID 995

Decentralized Collateral Parameter Changes - April 17, 2023

Medium Impact
Risk Parameter
Forum Discussion

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Decentralized Collateral Scope Facilitators. This Governance Poll will be active for three days beginning on Monday, April 17 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 can vote in this poll to express support or opposition to the following changes:

Stability Fee Changes

  • Increase ETH-A Stability Fee by 0.25% from 1.5% to 1.75%.
  • Increase ETH-B Stability Fee by 0.25% from 3% to 3.25%.
  • Increase ETH-C Stability Fee by 0.25% from 0.75% to 1%.
  • Increase WSTETH-A Stability Fee by 0.25% from 1.5% to 1.75%.
  • Increase WSTETH-B Stability Fee by 0.25% from 0.75% to 1%.
  • Increase RETH-A Stability Fee by 0.25% from 0.5% to 0.75%.
  • Increase CRVV1ETHSTETH-A Stability Fee by 0.25% from 1.5% to 1.75%.

Target Available Debt (gap) Changes

  • Increase the WSTETH-A gap by 15 million DAI from 15 million DAI to 30 million DAI.
  • Increase the WSTETH-B gap by 15 million DAI from 15 million DAI to 30 million DAI.
  • Reduce the WBTC-A gap by 10 million DAI from 20 million DAI to 10 million DAI.
  • Reduce the WBTC-B gap by 5 million DAI from 10 million DAI to 5 million DAI.
  • Reduce the WBTC-C gap by 10 million DAI from 20 million DAI to 10 million DAI.

Ceiling Increase Cooldown (ttl) Changes

  • Increase the WSTETH-A ttl by 21,600 seconds from 21,600 seconds to 43,200 seconds.
  • Increase the WSTETH-B ttl by 28,800 seconds from 28,800 seconds to 57,600 seconds.

Please review the discussion thread to help inform your position before voting.

Outcomes

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

  • This change will be included in an upcoming 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 these changes 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.


Resources

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 add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.

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