The Maker Governance Community has placed a Governance Poll into the voting system which the community can use to lower the WBTC Debt Ceiling from 10M to 3M.

This Governance Poll (FAQ) will be active for three days beginning on Monday, May 11 at 5 PM UTC, the results of which may inform an Executive Vote (FAQ) which will go live on Friday, May 15, at 5 PM UTC.

Review

Additional context was presented in a Forum Thread and a Signal Request on May 2nd, 2020 and May 3rd, 2020, respectively. Please review to inform your position before voting.

Next Steps

• On the Friday following the conclusion of the poll, there will be an Executive Vote asking MKR token holders if they support or reject the change proposed by this Governance Poll.

Resources

Additional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAO

Demos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.

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.