Poll: Adjust Spark Protocol D3M Debt Ceiling - July 24, 2023

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Stability Facilitators. The community can vote in this poll to express support or opposition to using the Spark Protocol Direct Deposit DAI Module (D3M) with the listed parameters. This Governance Poll will be active for three days beginning on Monday, July 24 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 making the following parameter changes to the Spark Protocol DAI Direct Deposit Module (D3M):

• Increase the DIRECT-SPARK-DAI Maximum Debt Ceiling by 180 million DAI from 20 million DAI to 200 million DAI.

The Target Available Debt and Ceiling Increase Cooldown parameters will remain unchanged at 20 million DAI and 8 hours respectively.

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

For more information regarding the DAI Direct Deposit Module (D3M) and how these parameters interact, check out the forum thread here and the entry in the Operational Manual here.

Outcomes

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

• This parameter 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.

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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.