The Governance Facilitators have placed a budget ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, March 13 at 16:00 UTC.

This is an instant-runoff vote.

• You may rank any number of options that you would support in an executive vote.
• Unranked options signal that you would not support the option(s) in an executive vote.
• If you have no preference to any of the listed options, you should vote 'Abstain' as your first and only choice.

Review

The community may vote in this poll to express support or opposition to MIP40c3-SP93 being accepted and implemented in the Maker Protocol by ranking their support of the following options:

• Option 0: Abstain.
• Option 1: Approve Base budget: 2,409,015 DAI.
• Option 2: Approve Bear budget: 1,981,140 DAI.
• Option 3: Reject budget.

A brief summary of this proposal has been provided by the MIP Author and is shown below:

MIP40c3-SP93 adds the DAI budget for the Strategic Finance Core Unit (SF-001). It contains: Total Budget Cap: The hard limit voted on by Governance, First-month forecast: The actual first-month estimated expenses, Breakdown of Permanent Team for the expected first payment (April). Note - the proposed budget covers the pre-game phase and may be changed significantly based on End Game plan changes, cluster & ecosystem actor funding, etc.

Please review the links below to inform your position on this proposal before voting.

• Canonical Proposal Version
• Latest Proposal Version
• Proposal Discussion Thread

Outcomes

This poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.

If the votes for Option 1 or Option 2 achieve a majority AND the votes for the winning 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 Thursday, March 30.
• Any further work required to implement the proposal will be tasked to the relevant Core Units.
• Note that if the Constitution MIP Set is approved this proposal will not be actioned, even if approved.

Otherwise, this proposal will be marked as rejected per MIP51.

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Resources

MIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.

If you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.

Additional information about the Governance process can be found in the Maker Operational Manual.

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 Governance Calendar.