The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Maker Community. This Governance Poll will be active for three days beginning on Monday, October 10 at 16:00 UTC.

The outcome of this poll will only be utilized by the MOMC if the concurrent Poll ID 880 results in a "Yes" vote.

This is an approval vote to select a single winning outcome.

• You may vote for multiple options.
• You should select all the options that you support.
• Unselected options signal that you do not approve of those options and would not support the option(s) in an executive vote.
• If you wish to abstain, that should be your one and only choice.
• There is no requirement for the winner to receive a majority of votes.

Review

The community can vote in this poll to express support or opposition to the following options for the target spread for the D3M Target Borrow Rate (bar):

• Option 1 - 0.5% - implies bar of 2%, 90 million DAI exposure at 30% real supply cap, 680,000 DAI annual revenue.
• Option 2 - 0% - implies bar of 1.5%, 105 million DAI exposure at 30% real supply cap, 730,000 DAI annual revenue.
• Option 3 - Reject Options.

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

For more information on how the spread is used to calculate the Target Borrow Rate (bar), please see the Maker Operational Manual entry here.

Outcomes

The non-'Abstain' option with the most votes is deemed the winner, if it represents a change from the status quo the following actions will be taken:

• The MOMC will use the new spread to calculate their recommended the D3M Target Borrow Rate (bar).

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.