Maker Relay Ep 39
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Whether you hold MKR or DAI, own a vault, or want to get more involved in MakerDAO governance, this is your one-stop-shop for updates on the MakerDAO ecosystem.
Votes
Visit our Participation Tools page for protocol analytics, Dai analytics, collateral & liquidation metrics, governance history, and auctions data.
Executive Vote
Increase Debt Ceilings, Provide April Core Unit Budgets
If this executive proposal passes:
COMP-A Maximum Debt Ceiling will be increased from 10 M DAI to 30 M DAI.
ZRX-A Maximum Debt Ceiling will be increased from 5 M DAI to 10 M DAI.
YFI-A Maximum Debt Ceiling will be increased from 45 M DAI to 75 M DAI.
PSM-USDC-A Debt Ceiling will be increased from 1 B DAI to 2 B DAI.
April Budgets for the Real-World Finance (RWF-001), Governance (GOV-001), and Risk (RISK-001) Core Units will be distributed.
40,000 DAI to RWF-001
80,000 DAI to GOV-001
100,500 DAI to RISK-001
Weekly Governance Cycle
Some polls use instant run-off voting, so you can select multiple options, and ranked choices will be prioritized.
Poll NameVoteDiscussionOptionsIncrease the System Surplus BufferVoteDiscussion30 M DAI - no change 60 M DAI (+30M) + 0% MKR Burn, 60 M DAI (+30M) + 25% MKR BurnAppoint DeFi Saver as Oracle Light Feed (MIP10c14-SP7)VoteDiscussionYes, No, AbstainAdd LINK-A to Liquidations 2.0 FrameworkVoteDiscussionYes, No, Abstain
Active Signal Requests
Petition Letter to A16z including a link to the current draft of the Petition.
Last Week
Increase Debt Ceilings, Modify Risk Parameters
Passed on Mar 31, 2021, 17:28 UTC.
Executed on Apr 2, 2021, 17:28 UTC.
Surplus Lot Size
bump
parameter has been increased from 10,000 DAI to 30,000 DAI.The Debt Floor
dust
parameter for ETH-B has been increased from 2,000 DAI to 15,000 DAI.UNIV2DAIETH-A has been enabled on the Debt Ceiling Instant Access Module with the following parameters:
Maximum Debt Ceiling: 30 million DAI
Target Available Debt: 5 million DAI
Ceiling Increase Cooldown: 12 hours
UNIV2USDCETH-A has been enabled on the Debt Ceiling Instant Access Module with the following parameters:
Maximum Debt Ceiling: 50 million DAI
Target Available Debt: 5 million DAI
Ceiling Increase Cooldown: 12 hours
UNIV2DAIUSDC-A has been enabled on the Debt Ceiling Instant Access Module with the following parameters:
Maximum Debt Ceiling: 50 million DAI
Target Available Debt: 10 million DAI
Ceiling Increase Cooldown: 12 hours
Updates
MIPs
This week marks the start of the April Governance Cycle. Check out last week’s MIP Update and keep an eye out for MIPs moving formal submission this week!
Submission Highlight
MIP13c3-SP10: Declaration of Intent - eurDai
Proposal for a stablecoin by Maker pegged to the Euro. Stay tuned for an upcoming Know Your MIP call!
The Maker Improvement Proposal (MIPs) Framework provides a clear Maker governance process to change the Protocol as needed. Learn more about Maker Improvement Proposals (MIPs)…