Poll: Offboarding Parameters Proposal - April 3, 2023

The Arbitration Facilitators have placed a Governance Poll into the voting system on behalf of the Decentralized Collateral Scope Facilitators. This Governance Poll will be active for three days beginning on Monday, April 3 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

Vault Type Offboardings

The community can vote in this poll to express support or opposition to offboarding vault types LINK-A, MATIC-A, YFI-A, and UNIV2USDCETH-A with the following parameters:

• Set Liquidation Penalty (chop) to 0%.
• Set Debt Ceiling (line) to 0.
• Set Flat Kick Incentive (tip) to 0.
• Set Proportional Kick Incentive (chip) to 0.
• Set Liquidation Ratio (mat) to 10,000%.

Please review the originating thread by the Facilitator of the Decentralized Collateral Scope Framework 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:

• The above 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 this change will become active in the Maker Protocol after the GSM Pause Delay has expired.
• The process outlined in MIP62 will commence. The offboarding will be completed once the defined steps have been taken.

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 add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.