Home Coins Maker (MKR) Increase ETH Debt Ceiling to 420 Million

Increase ETH Debt Ceiling to 420 Million


The Governance Facilitators and the Maker Foundation Smart Contracts Team have placed an Executive Vote into the voting system which will enable the community to approve the following alterations to the protocol.

Increase the ETH Debt Ceiling

As per the recent poll prompted by the MakerDAO Risk Team located here, this proposal asks whether the ETH Debt Ceiling should be increased from 340 million to 420 million.

Summary

Therefore, if this Executive proposal passes the following will occur:

  • The ETH-A Debt Ceiling will increase from 340 million to 420 million.

The Executive Vote (FAQ) will continue until the number of votes surpasses the total in favor of the previous Executive Vote. This is a continuous approval vote.

Review

Community debate on this issue can be found here. Please review this thread to inform your position before voting.

Action

Voting for this proposal will place your MKR in support of implementing the changes outlined above.


Resources

If you are new to voting in the Maker Protocol, please see the voter onboarding guide to learn how to use this dashboard and set up your wallet to vote.

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



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
474FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,584FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.17
GBP
1.27
CHF
1.09
NOK
0.11
JPY
0.01
CAD
0.75
AUD
0.71

Most Popular

Ethereum analytics platform Dune raises $2 million in seed funding

Dune Analytics, the community-driven analytics platform that provides data tools for the Ethereum network, has raised $2 million in a seed funding round. Dragonfly...

Booming African crypto adoption drives concerns over regulation

2020 has seen an acceleration in African crypto adoption, with the continent emerging as the second-largest region for peer-to-peer (P2P) trading, and two...

Star Girl’s one million active users go with the Flow blockchain

Dapper Labs is continuing to expand partnerships with third-parties for its Flow blockchain, with Animoca Labs set to launch two crypto-powered games on Flow.On...

Bitcoin FUD and negative social sentiment typically precede a bounce

On-chain analytics provider Santiment asserts that Bitcoin and crypto assets tend to bounce when social sentiment indicates there is a lot of fear, uncertainty...
bitcoin
Bitcoin (BTC) $ 10,418.62
ethereum
Ethereum (ETH) $ 334.91
ripple
XRP (XRP) $ 0.231431
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 214.50
bitcoin-cash-sv
Bitcoin SV (BSV) $ 151.78
litecoin
Litecoin (LTC) $ 44.23
eos
EOS (EOS) $ 2.54
binancecoin
Binance Coin (BNB) $ 23.68
okb
OKB (OKB) $ 6.12
tezos
Tezos (XTZ) $ 2.04
leo-token
LEO Token (LEO) $ 1.23
cardano
Cardano (ADA) $ 0.080084
monero
Monero (XMR) $ 90.35
stellar
Stellar (XLM) $ 0.070624
chainlink
Chainlink (LINK) $ 8.04
huobi-token
Huobi Token (HT) $ 4.56
tron
TRON (TRX) $ 0.024732
usd-coin
USD Coin (USDC) $ 0.999711
dash
Dash (DASH) $ 67.26
neo
NEO (NEO) $ 19.96
iota
IOTA (MIOTA) $ 0.236387
nem
NEM (XEM) $ 0.106735
zcash
Zcash (ZEC) $ 52.22
maker
Maker (MKR) $ 449.63
paxos-standard
Paxos Standard (PAX) $ 0.999521
ethereum-classic
Ethereum Classic (ETC) $ 4.89
vechain
VeChain (VET) $ 0.011711
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 3.56
kucoin-shares
KuCoin Shares (KCS) $ 1.03
waves
Waves (WAVES) $ 2.37