This article was first published on Stories by MakerDAO on Medium
Executive Vote: Raise the Stability Fee by 3% to a total of 14.5% per year.
The Maker Foundation Interim Risk Team has placed an Executive Vote into the voting system, which will enable the community to enact a new Dai Stability Fee of 14.5%.
The need to increase the Stability Fee was discussed in the Governance call on Thursday, April 18.
Key factors under consideration for increasing the Stability Fee are:
- Exchange price persists below $1
- High inventory levels among market makers and prop desks
- Little attributable impact from the previous Stability Fee increases
The MakerDAO community is moving forward with an Executive Vote to enact the rate determined by the previous Governance Poll.
Voting for this proposal will place your MKR in support of increasing the Stability Fee by 3% to a new total of 14.5% per year.
Additional information about the Governance process can be found in the Governance Risk Framework: Governing MakerDAO
Demos, help and instructional material for the Governance Dashboard can be found at Awesome 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.
To keep reading, please go to the original article at:
Stories by MakerDAO on Medium