Home Coins Maker (MKR) Increase the Surplus Buffer, Oracle Whitelisting

Increase the Surplus Buffer, Oracle Whitelisting

- Advertisement -


The Governance Facilitator 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 Surplus Buffer

As per the on-chain governance poll, the System Surplus Buffer will be increased from 2,000,000 DAI to 4,000,000 DAI if this proposal passes.

Further details and discussion on this change can be found on the governance forum in this signal request thread.

Whitelist B.Protocol on the ETHUSD Oracles (Medianizer + OSM)

As per the on-chain governance polls for the OSM and Medianizer oracles, B.Protocol will be whitelisted on the ETHUSD Medianizer and OSM oracles if this proposal passes.

Further details and discussion on these whitelist proposals can be found here and here.

Summary

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

  • The System Surplus Buffer limit will be increased from 2,000,000 DAI to 4,000,000 DAI.
  • B.Protocol will be whitelisted on the ETHUSD Medianizer Oracle.
  • B.Protocol will be whitelisted on the ETHUSD OSM Oracle.

The Executive Vote 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 these topics can be found on the MakerDAO governance forum. Please review any linked threads to inform your position before voting.

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

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 voting guide to learn how voting works, and this wallet setup guide to set up your wallet to vote.

Additional information about the Governance process can be found in the Governance section of the MakerDAO community portal.

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
472FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,553FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.20
GBP
1.34
CHF
1.11
NOK
0.11
JPY
0.01
CAD
0.77
AUD
0.74

Most Popular

Blockchain Bites: Ethereum 2.0 Beacon Chain Ships, Libra Rebrands, ‘Bitcoin’ Google Searches Up

Ethereum 2.0 hit a major milestone as its “Beacon Chain” went live. Libra “seizes the day” and rebrands to Diem. Google searches for...

A proposal: Do nothing with Uniswap’s liquidity incentives

To recap: Uniswap’s initial liquidity mining rewards ran from September 18th to November 17th. 20 million UNI were distributed to liquidity providers for...
bitcoin
Bitcoin (BTC) $ 18,941.34
ethereum
Ethereum (ETH) $ 595.55
ripple
XRP (XRP) $ 0.622260
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 295.13
bitcoin-cash-sv
Bitcoin SV (BSV) $ 172.28
litecoin
Litecoin (LTC) $ 88.29
eos
EOS (EOS) $ 3.06
binancecoin
Binance Coin (BNB) $ 30.29
okb
OKB (OKB) $ 5.27
tezos
Tezos (XTZ) $ 2.39
leo-token
LEO Token (LEO) $ 1.37
cardano
Cardano (ADA) $ 0.156765
monero
Monero (XMR) $ 126.40
stellar
Stellar (XLM) $ 0.186998
chainlink
Chainlink (LINK) $ 13.69
huobi-token
Huobi Token (HT) $ 3.98
tron
TRON (TRX) $ 0.030613
usd-coin
USD Coin (USDC) $ 0.999233
dash
Dash (DASH) $ 107.65
neo
NEO (NEO) $ 17.80
iota
IOTA (MIOTA) $ 0.331967
nem
NEM (XEM) $ 0.183711
zcash
Zcash (ZEC) $ 78.23
maker
Maker (MKR) $ 538.35
paxos-standard
Paxos Standard (PAX) $ 0.998418
ethereum-classic
Ethereum Classic (ETC) $ 6.22
vechain
VeChain (VET) $ 0.015093
true-usd
TrueUSD (TUSD) $ 0.998964
ftx-token
FTX Token (FTT) $ 4.53
kucoin-shares
KuCoin Shares (KCS) $ 0.831569
waves
Waves (WAVES) $ 6.81