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 Stability Fee within a range of 5.5% to 13.5%.

This Governance Poll (FAQ) will be active for three days beginning on Monday, October 21 at 4 PM UTC, the results of which will inform an Executive Vote (FAQ) which will go live on Friday, October 25, at 4 PM UTC.

Review

The Stability Fee was discussed in the Governance call on Thursday, October 17. Please review the Video, Audio, Transcript 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.

This weekly cycle of Polling and Voting will continue until the community believes that stability has returned to the peg.

Resources

Additional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAO

Demos, help and instructional material for the Governance Dashboard can be found at Awesome MakerDAO.

To participate in future Governance calls, please join us every Thursday at 16:00 UTC.

To add current and upcoming votes to your calendar, please see the MakerDAO Public Events Calendar.