Ratification Poll for Amend MIP61 to tighten up Recognized Delegate Participation Metrics (MIP4c2-SP29) - January 9, 2023

The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, January 9 at 16:00 UTC.

This is an instant-runoff vote.

• You may rank any number of options that you support.
• Unranked options signal that you do not support those options.
• If you have no preference to any of the listed options, you should vote ‘Abstain’ as your first and only choice.

Review

The community may vote in this poll to express support or opposition to MIP4c2-SP29 being accepted and implemented in the Maker Protocol.

A brief summary of this proposal has been provided by the MIP Author and is shown below:

This Amendment Subproposal aims to change two aspects of the current Recognized Delegate Compensation MIP:

Abstain Modifier In the current form, MIP61 treats participation in on-chain polls uniformly, regardless of the vote Recognized Delegates are casting. This Amendment removes the eligibility for compensation if a Recognized Delegate fails to meet a threshold of non-abstaining votes.

Higher Participation Requirements and Weighting for Executive Votes For security and operational issues surrounding Executive Votes, participation on these should have a higher weight compared to on-chain polls and more strict requirements on timing.

Please review the links below to inform your position on this proposal before voting.

• Canonical Proposal Version
• Latest Proposal Version
• Proposal Discussion Thread
• Abstain Modifier Pull Request
• Executive Vote Changes Pull Request

Outcomes

This poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.

If the votes for Option 1, Option 2, or Option 3 achieve a majority AND the votes for the winning option exceed 10,000 MKR, then the following actions will be taken:

• The MIP Editors will mark the proposal Accepted and the Governance Facilitators will confirm its passage on the Governance and Risk call on Thursday, January 26.
• The relevant Pull Request(s) will be merged into the MIPs repository.
• GovAlpha will use the new modifiers and parameters for calculating Delegate Compensation, starting with payments for January 2023.

Otherwise, this proposal will be marked as rejected per MIP51.

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Resources

MIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.

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.