The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Mandated Actors. This Governance Poll will be active for three days beginning on Monday, January 18 at 16:00 UTC.

This is a binary vote. In a binary vote, you may vote for a single option. You should vote for the option which you prefer. Alternatively, if you would accept either of the two options and have no preference between them, you should vote 'Abstain'.

Review

The community can vote in this poll to express support or opposition to adopting the Debt Ceiling Instant Access Module (DC-IAM) for use with current and future vault-types.

Please review the discussion thread to help inform your position before voting. Please see MIP27 for further information about the Debt Ceiling Instant Access Module.

Outcomes

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

• Implementations for the existing vault-types will be added over the next few months, according to the MakerDAO Risk Domain Team’s availability, with on-chain polls to confirm the new risk parameters on a per vault-type basis.
• Risk evaluations for new vault-types will also include values for the ttl and gap parameters required for the DC-IAM.
• The DC-IAM may not be used for all vault-types, at the discretion of the MakerDAO Risk Domain Team.

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, 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 17:00 UTC.

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