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Atlas Rate System Implementation Adjustments - February 19, 2024.md

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title summary discussion_link parameters version options start_date end_date
Atlas Rate System Implementation Adjustments - February 19, 2024
Signal your support or opposition to adjusting the Atlas Rate System implementation.
input_format victory_conditions result_display
single-choice
type
plurality
single-vote-breakdown
v2.0.0
0 1 2
Abstain
true
false
2024-02-19 08:00:00 -0800
2024-02-22 08:00:00 -0800

Poll: Atlas Rate System Implementation Adjustments - February 19, 2024

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Scope Advisory Council Member, BA Labs. This Governance Poll will be active for three days beginning on Monday, February 19 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

To move forward toward automation in the new exposure model, BA Labs has decided to transition from spreadsheet-based modeling to Python-based modeling. To do so, some minor adjustments have to be implemented to make the model more precise.

The adjustments include:

  • Making the exposure series continuous.
  • Modifying the KFb meta-parameter to be the sum of the previously calculated KFa and KFb.
  • Increasing the model's sensitivity to 0.01% exposures.

To implement the aforementioned adjustments, the community is invited to vote in this poll to express support or opposition to the following changes:

  • MIP104: Stability Scope Bounded Mutable Alignment Artifact will be edited to incorporate the following parameter changes:
    • Increase the ETH KFa factor by 5.48625% from 0.01375% to 5.5%.
    • Increase the ETH KFb factor by 40.49125% from 0.0875% to 40.5%.
    • Increase the WSTETH KFa factor by 3.49125% from 0.00875% to 3.5%.
    • Increase the WSTETH KFb factor by 13.475% from 0.0250% to 13.5%.
    • Increase the WBTC KFa factor by 3.49125% from 0.00875% to 3.5%.
    • Increase the WBTC KFb factor by 35.42% from 0.08% to 35.5%.
    • Increase the Spark KFa factor by 5.985% from 0.015% to 6%.
    • Increase the Spark KFb factor by 33.93% from 0.07% to 34%.

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:

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.

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

To add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.