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MakerDAO Initiated Governance Poll on Accelerating the Peg Stability Module Launch

Amy Liu

Summary: The MakerDAO Governance Facilitator has placed a governance poll into the voting system on behalf of the Maker Governance community which gives Maker Governance the chance to signal their support or opposition to accelerating the PSM launch.This Governance Poll will be active for 3 days beginning on Monday, November 23 at 16:00 UTC. If the ...

The MakerDAO Governance Facilitator has placed a governance poll into the voting system on behalf of the Maker Governance community which gives Maker Governance the chance to signal their support or opposition to accelerating the PSM launch.This Governance Poll will be active for 3 days beginning on Monday, November 23 at 16:00 UTC.

If the votes for the 'Yes' option exceed the votes for the 'No' option then the following actions will be taken:The Domain Teams will prioritize the PSM and aim for a tentative launch date of Friday, December 18th, 2020;A forum post will be made to track the status of technical audits and risk assessment of the PSM;The 'Stablecoin Action Plan - Option 3' will no longer be pursued.

If the votes for the 'No' option equal or exceed the votes for the 'Yes' option then the following actions will be taken:We will proceed with the 'Stablecoin Action Plan - Option 3' as previously voted;An additional poll will be run to determine the date on which we switch to new stablecoin vaults as detailed in the 'Stablecoin Action Plan - Option 3';The PSM may or may not be added later via the regular monthly MIPs cycle.

By Amy Liu

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