Increasing the Stability Fee

MakerDAO
MakerDAO
Feb 7, 2019 · 1 min read
Image for post
Image for post

The Maker Foundation Risk Team will place a proposal into the voting structure (https://vote.makerdao.com/) to raise the Dai Stability Fee by 0.5%, for a new rate of 1%.

As discussed in the Governance call on Thursday, February 7, primary reasons for increasing the stability fee are:

  • Dai inventory has remained well above our threshold level of supply for just over a month and a half.
  • The effective exchange rate for Dai has been generally below the $1 peg over the same time period.

The proposal will be placed into the voting structure for an Executive Vote by Tuesday 2/12/2019. Given that the proposal amasses the requisite votes the proposal will then be implemented and deployed to the system.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store