Posted Dec 13 2021 16:00 UTC | Poll ID 707

Recognised Delegate Compensation Trial Performance Modifier - December 13, 2021

Delegates
Forum Discussion

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO governance community. This Governance Poll will be active for three days beginning on Monday, December 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 can vote in this poll to express support or opposition to a performance modifier to determine compensation in the delegate compensation trial. Recognised Delegates are currently compensated only if both their voting and communication metrics are 90% or higher. The compensation method for this trial can be found in MIP61. If successful, this proposal will make the following changes for the duration of the trial, or until voted otherwise.

  • Delegate compensation will continue to be calculated per the formula detailed in MIP61, with a Performance Modifier applied to the eligible amount, based on the Recognised Delegate's lowest scoring metric.
  • Recognised Delegates with both metrics at or above 75% will become eligible for compensation. If either metric is below 75%, the Recognised Delegate will receive no compensation.
  • There will be a linearly scaled Performance Modifier applied to the eligible amount when the lowest scoring metric is between 75% and 90%. When the lowest scoring metric is 75%, compensation will be modified to 40% of the eligible amount and when the lowest scoring metric is 90% or greater, compensation will be 100% of the eligible amount.

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:

  • Payments to qualifying delegates will be modified starting in December, distributed via executive vote at the end of each month.

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.

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