Maker Governance - Poll: Dai Stability Fee Adjustment

By yemyy | yemyy = 11 | 11 Mar 2020

What is Governance?

Governance is a process through which a group of stakeholders come to a decision on a particular change within their system or organization. Many centralized entities have expedited the governance process through the nomination of critical decision makers like board members and executives. In the context of MakerDAO, it is done through a voting system where anyone who owns MKR can vote on changes to the Risk Parameters within the Dai Credit System.

Poll: Dai Stability Fee Adjustment

The Maker Foundation Interim Risk Team has placed a Governance Poll into the voting system which presents a number of possible Dai Stability Fee options. Voters are now able to signal their support for a Dai Stability Fee within a range of 4% to 12%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, March 9 at 4 PM UTC, the results of which may inform an Executive Vote which will go live on Friday, March 13, at 4 PM UTC.

Review

The Dai Stability Fee was discussed in the Governance call on Thursday, March 5. Please review the Video, Audio, Summary and the online discussion to inform your position before voting.

Next Steps

On the Friday following the conclusion of the poll, there will be an Executive Vote asking MKR token holders if they support or reject the change proposed by this Governance Poll.