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Adjusting Auction Parameters for ETH-A, ETH-C, and WBTC-A - September 20, 2021.md

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title summary discussion_link vote_type categories options start_date end_date
Adjusting Auction Parameters for ETH-A, ETH-B, ETH-C, and WBTC-A - September 20, 2021
Signal your support or opposition to decreasing the Auction Price Multiplier (buf) and increasing the Local Liquidation Limit (ilk.hole) as detailed.
Plurality Voting
Risk Variable
Auctions
0 1 2
Abstain
true
false
2021-09-20 09:00:00 -0700
2021-09-23 09:00:00 -0700

Poll: Adjusting Auction Parameters for ETH-A, ETH-B, ETH-C, and WBTC-A - September 20, 2021

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Risk Core Unit. This Governance Poll will be active for three days beginning on Monday, September 20 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'.

Review

The community can vote in this poll to express support or opposition to the following changes:

  • Decrease the Auction Price Multiplier (buf) for ETH-A, ETH-C, and WBTC-A vaults from 1.3 to 1.2
  • Increase the Local Liquidation Limit (ilk.hole) as detailed below:
    • ETH-A Local Liquidation Limit (ilk.hole) from 30 million DAI to 40 million DAI
    • ETH-B Local Liquidation Limit (ilk.hole) from 15 million DAI to 25 million DAI
    • ETH-C Local Liquidation Limit (ilk.hole) from 20 million DAI to 30 million DAI
    • WBTC-A Local Liquidation Limit (ilk.hole) from 15 million DAI to 25 million DAI

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

Outcomes

If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:

  • This change will be included in the weekly Executive Vote on the Friday following the conclusion of this poll.
  • If the Friday executive passes, then this change 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.

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.