Add UNI-V2-WBTC-ETH (UniswapV2 WBTC-ETH LP Token) as a Collateral Type - January 11, 2021
The MakerDAO governance facilitator has 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 11 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 abstain.
This poll allows the MakerDAO governance community to signal their support or opposition to adding UNI-V2-WBTC-ETH (UniswapV2 WBTC-ETH LP Token) as a collateral type in the Maker Protocol with the parameters below:
- Stability Fee: 2%
- Liquidation Ratio: 150%
- Debt Ceiling: 3 million DAI
- Auction Lot Size: 50,000 DAI
- Minimum Bid Increment: 3%
- Bid Duration: 6 hours
- Max Auction Duration: 6 hours
- Liquidation Penalty: 13%
- Debt Floor: 500 DAI
Please review the following forum threads containing information about UNI-V2-WBTC-ETH (UniswapV2 WBTC-ETH LP Token) to inform your position before voting.
If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:
- UNI-V2-WBTC-ETH (UniswapV2 WBTC-ETH LP Token) will be onboarded in a future executive vote as the Smart Contracts domain team's schedule allows.
- It is expected that this executive vote will take place within 30 days of this poll passing, absent external factors.
- If the executive vote passes, then these changes will become active in the Maker Protocol after the GSM Pause Delay has expired.
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.
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 16:00 UTC.
To add current and upcoming votes to your calendar, please see the MakerDAO Public Events Calendar.