Poll: Launch Parameters Amendment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which is intended to amend the system parameters originally outlined in the Migration Risk Construct Proposal.

This Governance Poll (FAQ) will be active for three days beginning on Monday, November 11 at 5 PM UTC, the results of which will inform an Executive Vote (FAQ) which will go live on Friday, November 15, at 5 PM UTC.

Review

If this proposal passes, the following system parameters will be packaged with the MCD launch executive vote:

• Initial Dai Stability Fee: 4%
• Debt Auction Maximum Initial Bid: 250 MKR
• Debt Auction Bid Duration: 10 minutes

This change was discussed in the Governance call on Thursday, November 7. Please review the Video, Audio, Transcript and the online discussion 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 these changes.

,

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 17:00 UTC.

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