MKR holder DAI-gest: Week 6 2020

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Governance News

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Recent, Current, and Upcoming On-Chain Polls

  • Choose Dai Savings Rate Spreads between 0% and 4%. The winning proposal was 0.5%.
  • Choose Dai Stability Fee options within a range of 4% — 12%. The winning proposal was 8%.
  • Choose Sai Stability Fee options within a range of 5% to 13%. The winning proposal was 9%.

Recent, Current, and Upcoming Executive Votes

Executive Vote: Activate the Savings Rate Spread and the Sai and Dai Stability Fee Adjustments

  • Lower the Dai Stability Fee from 9% to 8%
  • Raise the Dai Savings Rate Spread from 0.25% to 0.5%
  • Note: With the Stability Fee changing to 8% and the Dai Savings Rate Spread changing to 0.5%, the DSR will become 7.5% if the vote passes
  • Lower the Sai Stability Fee from 10% to 9%

Executive Vote: Activated Sai Debt Ceiling, Sai, and Dai Stability Fee Adjustments

  • Raised the Dai Stability Fee from 8% to 9%
  • Note: With the current Dai Savings Rate Spread of 0.25%, the DSR will also increase to 8.75%
  • Raised the Sai Stability Fee from 9% to 10%
  • Lowered the Sai Debt Ceiling by 15 million to 30 million Sai

Weekly Governance and Risk Meeting, Ep. 72 February 6, 2020

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Cryptocurrency enthusiast and student of life, in Portland, OR

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Adrian Hacker

Adrian Hacker

Cryptocurrency enthusiast and student of life, in Portland, OR

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