Poll: Debt Ceiling Adjustment - March 23, 2020

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system to alter the Dai Debt Ceiling. Voters are now able to signal their support to:

• Lower the Dai ETH Debt Ceiling by 10 million to 90 million Dai

This Governance Poll (FAQ) will be active for three days beginning on Monday, March 23, the results of which may inform an Executive Vote which will go live on Friday, March 27, at 4 PM UTC.

Review

As outlined in the “Debt Ceiling” section of the previously ratified Migration Risk Construct proposal, the Interim Risk Team is putting forth this governance proposal.

Next Steps

• On the Friday following the conclusion of the poll, there will be an Executive Vote asking MKR token holders if they support or reject the change proposed by this Governance Poll.

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Resources

Additional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAO

Demos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.

To participate in future Governance calls, please join us every Thursday at 16:00 UTC.

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