PPG - Open Market Committee Proposal - February 27, 2023

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Community. This Governance Poll will be active for three days beginning on Monday, February 27 at 16:00 UTC.

This is a binary vote.

• You may vote for a single option.
• You should vote for the option which you prefer.
• If you would accept either option, you should vote ‘Abstain’.

Review

MKR Token Holders may vote in this poll to express support or opposition to the following parameter changes:

Stability Fee Increases

• Increase the ETH-C Stability Fee by 0.25% from 0.5% to 0.75%.
• Increase the WSTETH-B Stability Fee by 0.25% from 0.5% to 0.75%.
• Increase the WBTC-C Stability Fee by 0.25% from 0.75% to 1%.
• Increase the YFI-A Stability Fee by 0.5% from 1% to 1.5%.

Maximum Debt Ceiling Increases

• Increase the RETH-A Maximum Debt Ceiling by 10 million DAI from 10 million DAI to 20 million DAI.
• Increase the YFI-A Maximum Debt Ceiling by 1 million DAI from 3 million DAI to 4 million DAI.
• Increase the Compound v2 D3M Maximum Debt Ceiling by 40 million DAI from 30 million DAI to 70 million DAI.
• Increase the Aave v2 D3M Maximum Debt Ceiling by 15 million DAI from 5 million DAI to 20 million DAI.

The Protocol Engineering Core Unit may delay the Maximum Debt Ceiling increase for the Aave v2 D3M at their discretion given the contract was only deployed recently.

Please review the proposal thread to help inform your position before voting.

Outcomes

If the votes for the ‘Yes’ option exceed the votes for the ‘No’ option then the following actions will be taken:

• These parameter changes will be included in an upcoming Executive Vote as the Protocol Engineering Core Unit’s schedule allows.
• It is expected that this Executive Vote will take place within 30 days of this poll passing, absent external factors.
• If the Executive Vote passes, then these changes will become active in the Maker Protocol after the GSM Pause Delay has expired.

If the votes for the ‘No’ option equal or exceed the votes for the ‘Yes’ option then no further action will be taken at this time.

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Resources

If you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.

Additional information about the Governance process can be found in the Maker Operational Manual.

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 Governance Calendar.