Poll: Decrease the UNIV2DAIUSDC-A Liquidation Ratio and Stability Fee - June 7, 2021

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Maker Community. This Governance Poll will be active for three days beginning on Monday, June 7 at 16:00 UTC.

This is an instant-runoff vote.

• You may rank any number of options that you would support in an executive vote.
• Unranked options signal that you would not support the option(s) in an executive vote.
• If you have no preference to any of the listed options, you should vote ‘Abstain’ as your first and only choice.

Review

The community can vote in this poll to rank their support of the following options to change the Liquidation Ratio and Stability Fee for the UNIV2DAIUSDC-A vault type:

• Decrease Liquidation Ratio from 105% to 101%, decrease the Stability Fee from 1.0% to 0.5%.
• Decrease Liquidation Ratio from 105% to 101%, decrease the Stability Fee from 1.0% to 0.5%.
• No change (105% Liquidation Ratio, 1.0% Stability Fee)

Please review the discussion thread to inform your position on this issue before voting.

Outcomes

If a non-‘Abstain’ option receives more votes than each other option (excluding ‘Abstain’) and the votes for that option exceed 50% of the total votes cast then that option is deemed the winner and the following actions will be taken:

• If the winner represents a change from the status quo, then change will be included in the weekly Executive Vote on the Friday following the conclusion of this poll.
• If the Friday executive passes, then this change will become active in the Maker Protocol after the GSM Pause Delay has expired.

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Resources

Unsure about the Liquidation Ratio parameter and what you should take into account when voting? Check out the parameter documentation here.

If you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works, and this wallet setup guide to set up your wallet to vote.

Additional information about the Governance process can be found in the Governance section of the MakerDAO community portal.

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.