Poll: USDC Liquidation Ratio Adjustment - April 22, 2020

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which presents a number of possible Liquidation Ratio options. Voters are now able to signal their support for a USDC Liquidation Ratio within a range of 105% to 125%.

This Governance Poll (FAQ) will be active for three days beginning on Wednesday, April 22 at 9 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, April 24, at 4 PM UTC.

Review

The USDC Liquidation Ratio was discussed in the [USDC plus additional Stablecoins] Risk Parameter Request for Comment thread. Please review to inform your position before voting.

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.