Home Coins Maker (MKR) Raise the ETH-A Debt Ceiling

Raise the ETH-A Debt Ceiling


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.

As per the forum poll here, the ETH-A Debt Ceiling will be raised from 420 million to 540 million if this proposal passes. Note that this change has been expedited by the MakerDAO Risk Team due to the current and projected usage of the new yEarn ETH vault.

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

  • The ETH-A debt ceiling parameter will be increased from 420 million to 540 million.
  • The ETH-A debt ceiling increase will increase the Vat global line parameter from 588 million Dai to 708 million Dai. …

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.

Community debate on this topic can be found on the MakerDAO governance forum.

Additionally, these changes may have been discussed further in recent Governance calls. Video and Audio for these calls is available to review.

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


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
473FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,581FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.16
GBP
1.27
CHF
1.08
NOK
0.10
JPY
0.01
CAD
0.75
AUD
0.70

Most Popular

Bitgo Plans to Launch Wrapped Bitcoin on the Tron Blockchain

Soon there will be another network that allows people to tokenize BTC in order to leverage the underlying blockchain’s speed and fees....

Bitcoin and Defi are going to EXPLODE SOON!

Join the Insider Group atLearn How to Invest From Cryptobud: All the techniques and strategies to help you to financial freedom!Get Free Newsletter and...

‘Bulls have won’ — Bitcoin whale clusters suggest BTC trend reversal

Bitcoin (BTC) whale clusters indicate that the price could be in a short-term trend reversal after BTC’s recovery beyond $10,700. In the past two...

Nexo founder feels vindicated by the FinCen leak, talks of double-standards

Nexo co-founder Antoni Trenchev told Cointelegraph that he believes the information revealed during the recent FinCen leak vindicates the crypto industry. According to...
bitcoin
Bitcoin (BTC) $ 10,716.50
ethereum
Ethereum (ETH) $ 352.12
ripple
XRP (XRP) $ 0.243926
tether
Tether (USDT) $ 0.999445
bitcoin-cash
Bitcoin Cash (BCH) $ 216.34
bitcoin-cash-sv
Bitcoin SV (BSV) $ 156.08
litecoin
Litecoin (LTC) $ 45.98
eos
EOS (EOS) $ 2.56
binancecoin
Binance Coin (BNB) $ 24.64
okb
OKB (OKB) $ 6.30
tezos
Tezos (XTZ) $ 2.20
leo-token
LEO Token (LEO) $ 1.24
cardano
Cardano (ADA) $ 0.096836
monero
Monero (XMR) $ 93.68
stellar
Stellar (XLM) $ 0.075273
chainlink
Chainlink (LINK) $ 10.78
huobi-token
Huobi Token (HT) $ 4.63
tron
TRON (TRX) $ 0.028528
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 68.80
neo
NEO (NEO) $ 21.66
iota
IOTA (MIOTA) $ 0.258250
nem
NEM (XEM) $ 0.117180
zcash
Zcash (ZEC) $ 54.96
maker
Maker (MKR) $ 503.92
paxos-standard
Paxos Standard (PAX) $ 0.999112
ethereum-classic
Ethereum Classic (ETC) $ 5.02
vechain
VeChain (VET) $ 0.012939
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 3.63
kucoin-shares
KuCoin Shares (KCS) $ 0.932996
waves
Waves (WAVES) $ 2.40