Ratification Poll for Legal Domain Work on Greenlit Collateral (bIBTA) Special Purpose Fund (MIP55c3-SP6) - August 29, 2022
The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for three days beginning on Monday, August 29 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'.
The community may vote in this poll to express support or opposition to MIP55c3-SP6 being accepted and implemented in the Maker Protocol.
A brief summary of this proposal has been provided by the MIP Author and is shown below:
"SPF to request 50k DAI advance for legal expenses relating to domain work in the context of the greenlit bIBTA application. The domain strategy for this collateral type is to evaluate the legal ramifications of onboarding a bIBTA vault. If the legal review is favorable, technical work can continue. If the legal review is unfavorable, it follows to avoid further investment and recommend deprioritizing."
Please review the links below to inform your position on this proposal before voting.
This poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
If the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
- The MIP Editors will mark the proposal Accepted and the Governance Facilitators will confirm its passage on the Governance and Risk call on September 1, 2022.
- Funds will be dispersed via a future executive vote, as the Protocol Engineering Core Unit's schedule allows.
Otherwise, this proposal will be marked as rejected per MIP51.
MIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
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.