Increasing the Stability Fee
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.