The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the GovAlpha, Protocol Engineering, and Risk Core Units. This Governance Poll will be active for three days beginning on Monday, January 9 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 can vote in this poll to rank their support of the following options:

• Burn 3 million DAI worth of MKR as previously approved by Governance in June 2022.
• Proceed with the burn, but reduce it to 2 million DAI worth of MKR.
• Proceed with the burn, but reduce it to 1 million DAI worth of MKR.
• Proceed with the burn, but reduce it to 500,000 DAI worth of MKR.
• Do not burn any MKR using DssKiln at this time.

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

Depending on the outcome of this poll, a follow-up poll may be required to settle on values for:

• The lot - the maximum quantity of tokens to be sold per hop.
• The hop - the minimum number of seconds that must pass before the lot can be sold.
• The yen - the ratio of spot price to the Uniswap TWAP price over the past scope - defaults to 100%.
• The scope - the time period of price data from the Uniswap TWAP against which yen will be measured - defaults to 1 hour.

Outcomes

If a non-'Abstain' option receives more votes than each other option (excluding 'Abstain') and the votes for that option exceed 50% of the total votes cast then that option is deemed the winner and the following actions will be taken:

• If the winner represents a change from the status quo, this change will be included in an upcoming Executive Vote as the Protocol Engineering Core Unit'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 no option has enough votes to exceed 50% of the total votes cast, we will proceed with the previously approved implementation.

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.