The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Maker Foundation Smart Contracts Team. The community can use this poll to express support or opposition to decreasing the TUSD Debt Ceiling from 2MM to zero.

This Governance Poll (FAQ) will be active for three days beginning on Monday, July 27 at 16:00 UTC, the results of which may inform an Executive Vote (FAQ) which will go live on Friday, July 31, at 16:00 UTC.

Review

The initial proposal for reducing the TUSD Debt Ceiling can be found here along with the signal request results. Please review the discussion there 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 Friday, July 31, 2020.

If this poll ends with a 'No' majority, TUSD will be reviewed further by the Smart Contracts team and then voted on again in terms of the next steps for risk parameter adjustments.

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 set up 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.