Poll: Smart Burn Engine Parameter Reconfiguration - September 16, 2024

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Ecosystem team. This Governance Poll will be active for three days beginning on Monday, September 16 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 Smart Burn Engine (SBE) parameter changes:

• The hop parameter will be increased by 1,386 seconds from 10,249 seconds to 11,635 seconds.
• The bump parameter will be decreased by 40,000 DAI from 65,000 DAI to 25,000 DAI (USDS in practice).
• The want parameter will remain unchanged at 0.98 * WAD.
• The underlying strategy in the flapper parameter will be changed from FlapperUniV2 (0x0c10Ae443cCB4604435Ba63DA80CCc63311615Bc) to FlapperUniV2SwapOnly (0x374D9c3d5134052Bc558F432Afa1df6575f07407).
• The pip parameter will be changed from MediumMKRUSD (0xdbbe5e9b1daa91430cf0772fcebe53f6c6f137df) to SWAP_ONLY_FLAP_SKY_ORACLE (0x61A12E5b1d5E9CC1302a32f0df1B5451DE6AE437).
• The pair parameter will be set to USDS/SKY UniV2.

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 Sky 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 Sky 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 Sky Governance Calendar.