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Non-Scope Defined Parameter Changes - 29 May, 2023.md

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title summary discussion_link parameters version options start_date end_date
Non-Scope Defined Parameter Changes - May 29, 2023
Signal your support or opposition to the non-Scope defined parameter changes listed below.
input_format victory_conditions result_display
single-choice
type
plurality
single-vote-breakdown
v2.0.0
0 1 2
Abstain
true
false
2023-05-29 09:00:00 -0700
2023-06-01 09:00:00 -0700

Poll: Non-Scope Defined Parameter Changes - May 29, 2023

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of Block Analitica and the Stability Facilitators. This Governance Poll will be active for three days beginning on Monday, May 29 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:

Stability Fee Changes

  • Update RETH-A Stability Fee to Dai Savings Rate plus 0.25% - estimated at 3.58%.
  • Update CRVV1ETSTETH-A Stability Fee to Dai Savings Rate plus 0.75% - estimated at 4.08%.
  • Update WBTC-A Stability Fee to Yield Collateral Yield Benchmark plus 0.25% - estimated at 5.54%.
  • Update WBTC-B Stability Fee to Yield Collateral Yield Benchmark plus 0.75% - estimated at 6.04%.
  • Update WBTC-C Stability Fee to Yield Collateral Yield Benchmark - estimated at 5.29%.

RETH-A Maximum Debt Ceiling (line) Change

  • Increase the RETH-A Maximum Debt Ceiling by 30 million DAI from 20 million DAI to 50 million DAI.

RETH-A Target Available Debt (gap) Change

  • Increase the RETH-A Target Available Debt by 2 million DAI from 3 million dai to 5 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 an upcoming Executive Vote.
  • 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.

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.