Home Coins Maker (MKR) Add GUSD and PAXG as Collateral Types

Add GUSD and PAXG as Collateral Types

- Advertisement -


The Maker Foundation Interim Risk Team has placed a series of Governance Polls into the voting system which presents polls to implement greenlight polls for GUSD and PAXG.

The MakerDAO governance facilitator has placed a Governance Poll into the voting system on behalf of the MakerDAO mandated actors. This poll allows the MakerDAO governance community to signal their support or opposition to adding GUSD (Gemini Dollar) as a collateral type in the Maker Protocol.

This Governance Poll will be active for three days beginning on Monday, October 26 at 16:00 UTC.

Review

The proposed initial system parameters for GUSD are:

  • Stability Fee: 4%
  • Liquidation Ratio: 101%
  • Debt Ceiling: 5 million
  • Auction Lot Size: 50,000 DAI
  • Minimum Bid Increment: 3%
  • Bid Duration: 6 hours
  • Max Auction Duration: 6 hours
  • Liquidation Penalty: 13%
  • Dust: 100 Dai

Please review the following forum threads containing information about GUSD (Gemini Dollar) to inform your position before voting.

Next Steps

If this proposal passes, GUSD (Gemini Dollar) will be included in a future executive vote as the Smart Contracts domain team’s schedule allows. It is expected that this executive vote will take place within 30 days of this poll passing, absent external factors.

If this proposal fails to pass, GUSD (Gemini Dollar) will not be added to the Maker Protocol at this time.


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.

The MakerDAO governance facilitator has placed a Governance Poll into the voting system on behalf of the MakerDAO mandated actors. This poll allows the MakerDAO governance community to signal their support or opposition to adding PAXG (PAX Gold) as a collateral type in the Maker Protocol.

This Governance Poll will be active for three days beginning on Monday, October 26 at 16:00 UTC.

Review

The proposed initial system parameters for PAXG are:

  • Stability Fee: 4%
  • Liquidation Ratio: 125%
  • Debt Ceiling: 5 million
  • Auction Lot Size: 50,000 DAI
  • Minimum Bid Increment: 3%
  • Bid Duration: 6 hours
  • Max Auction Duration: 6 hours
  • Liquidation Penalty: 13%
  • Dust: 100 DAI

Please review the following forum threads containing information about PAXG (PAX Gold) to inform your position before voting.

Next Steps

If this proposal passes, PAXG (PAX Gold) will be included in a future executive vote as the Smart Contracts domain team’s schedule allows. It is expected that this executive vote will take place within 30 days of this poll passing, absent external factors.

If this proposal fails to pass, PAXG (PAX Gold) will not be added to the Maker Protocol at this time.


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
1,559FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.21
GBP
1.34
CHF
1.12
NOK
0.11
JPY
0.01
CAD
0.77
AUD
0.74

Most Popular

‘New rules’ for SEC could follow example set by Wyoming, says Hester Peirce

Hester Peirce, commissioner for the United States Securities and Exchange Commission and best known by the affectionate nickname “Crypto Mom,” says the regulator...

Qtum — November Updates: The Road to DeFi | by Qtum | Dec, 2020

As we witnessed one of the most exciting months in crypto history with Bitcoin breaking the all-time high, the Qtum development team is...
bitcoin
Bitcoin (BTC) $ 19,113.42
ethereum
Ethereum (ETH) $ 593.74
ripple
XRP (XRP) $ 0.621024
tether
Tether (USDT) $ 0.999440
bitcoin-cash
Bitcoin Cash (BCH) $ 289.14
bitcoin-cash-sv
Bitcoin SV (BSV) $ 169.20
litecoin
Litecoin (LTC) $ 86.89
eos
EOS (EOS) $ 3.04
binancecoin
Binance Coin (BNB) $ 30.21
okb
OKB (OKB) $ 5.34
tezos
Tezos (XTZ) $ 2.41
leo-token
LEO Token (LEO) $ 1.37
cardano
Cardano (ADA) $ 0.157427
monero
Monero (XMR) $ 127.84
stellar
Stellar (XLM) $ 0.182541
chainlink
Chainlink (LINK) $ 13.84
huobi-token
Huobi Token (HT) $ 4.01
tron
TRON (TRX) $ 0.031124
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 105.65
neo
NEO (NEO) $ 18.13
iota
IOTA (MIOTA) $ 0.349529
nem
NEM (XEM) $ 0.210015
zcash
Zcash (ZEC) $ 75.36
maker
Maker (MKR) $ 568.65
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 6.26
vechain
VeChain (VET) $ 0.016256
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 4.47
kucoin-shares
KuCoin Shares (KCS) $ 0.827449
waves
Waves (WAVES) $ 7.02