The Governance Facilitators and Dewiz, Sidestream, and Phoenix Labs have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol.

If you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works.

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Executive Summary

If this executive proposal passes, the following changes will occur within the Maker Protocol:

• A total of 208.09 MKR will be distributed to ten Aligned Delegates as compensation for April 2024.
• 20.84 MKR will be distributed as a whistleblower bounty.
• Multiple stability fees will be reduced, as will the Dai Savings Rate.
• A keeper network job will be updated.
• 5,358,007 DAI and 1,969.17 MKR will be transferred to the Launch Project.
• A total of 55,000 DAI will be distributed as part of a Bug Bounty payment.
• A Spark proxy spell will be executed.

Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.

Unless otherwise noted, the changes and additions listed above are subject to the GSM Pause Delay. This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to 30 hours.

If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol.

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Proposal Details

Aligned Delegate Compensation for April 2024

• Authorization: Atlas Section 2.6.3
• Proposal: Forum post

If this executive proposal passes, the following transfers totalling 208.09 MKR for Aligned Delegate Compensation will be made to qualifying Aligned Delegates.

Delegate	Amount (MKR)	Address
BLUE	41.67	0xb6C09680D822F162449cdFB8248a7D3FC26Ec9Bf
Cloaky	41.67	0x869b6d5d8FA7f4FFdaCA4D23FFE0735c5eD1F818
BONAPUBLICA	28.23	0x167c1a762B08D7e78dbF8f24e5C3f1Ab415021D3
TRUE NAME	27.52	0x612F7924c367575a0Edf21333D96b15F1B345A5d
JuliaChang	24.20	0x252abAEe2F4f4b8D39E5F12b163eDFb7fac7AED7
vigilant	13.89	0x2474937cB55500601BCCE9f4cb0A0A72Dc226F61
Pipkin	13.44	0x0E661eFE390aE39f90a58b04CF891044e56DEDB7
JAG	7.17	0x58D1ec57E4294E4fe650D1CB12b96AE34349556f
Byteron	6.72	0xc2982e72D060cab2387Dba96b846acb8c96EfF66
UPMaker	3.58	0xbB819DF169670DC71A16F58F55956FE642cc6BcD

Whistleblower Bounty

• Authorization: Atlas 2.6.6
• Proposal: Forum post

As a bounty for the information leading to the derecognition of AD TrueName, the following transfer will be made, if this executive proposal passes:

• Transfer 20.84 MKR to forum user Compacter at 0xbbd4bC3FE72691663c6ffE984Bcdb6C6E6b3a8Dd.

Stability Scope Parameter Updates

Stability Fee (SF) Changes

• Authorization: Forum post
• Proposal: Forum post

If this executive proposal passes, as per the recommendation of the Stability Scope Advisory Council Member, BA Labs, the following SFs will be changed:

• Decrease the ETH-A Stability Fee by 2 percentage points from 10.25% to 8.25%.
• Decrease the ETH-B Stability Fee by 2 percentage points from 10.75% to 8.75%.
• Decrease the ETH-C Stability Fee by 2 percentage points from 10.00% to 8.00%.
• Decrease the WSTETH-A Stability Fee by 2 percentage points from 11.25% to 9.25%.
• Decrease the WSTETH-B Stability Fee by 2 percentage points from 11.00% to 9.00%.
• Decrease the WBTC-A Stability Fee by 2 percentage points from 11.75% to 9.75%.
• Decrease the WBTC-B Stability Fee by 2 percentage points from 12.25% to 10.25%.
• Decrease the WBTC-C Stability Fee by 2 percentage points from 11.50% to 9.50%.

Dai Savings Rate (DSR) Change

• Authorization: Forum post
• Proposal: Forum post

If this executive proposal passes, as per the recommendation of the Stability Scope Advisory Council Member, BA Labs, the following change to the DSR will be made:

• Decrease the DSR by 2 percentage points from 10.00% to 8.00%.

Keeper Network Job Update

• Authorization: Forum post
• Proposal: Forum post

If this executive proposal passes, the Keeper Network's D3MJob will be updated through the following contract calls:

• sequencer.removeJob(0x1Bb799509b0B039345f910dfFb71eEfAc7022323)
• sequencer.addJob(0x2Ea4aDE144485895B923466B4521F5ebC03a0AeF)

The updated code may be seen in this GitHub Pull Request.

Launch Project Funding

• Authorization: Accessibility Scope 9.1
• Proposal: Forum Post

If this executive proposal passes, the following tansfers will be made to the Launch Project at 0x3C5142F28567E6a0F172fd0BaaF1f2847f49D02F:

• Transfer 5,358,007 DAI to the Launch Project.
• Transfer 1,969.17 MKR to the Launch Project.

Bug Bounty Payout

• Authorization: Support Scope 13.1
• Proposal: Forum Post

If this executive proposal passes, the following transfers will be made as part of the Bug Bounty Program:

• Transfer 50,000 DAI to the bug reporter at 0xa24EC79bdF03bB325F36878573B13AedFEd0717f
• Transfer 5,000 DAI to Immunefi at 0x7119f398b6C06095c6E8964C1f58e7C1BAa79E18

The post-mortem for this report may be found in this forum post.

Spark Proxy Spell

• Authorization: Forum post
• Proposal: Forum post

If this executive proposal passes, a Spark Proxy Spell at 0x901E4450f01ae1A2615E384b9104888Cb9Cb02FF will be triggered. It contains the following change:

• Activate a new Dai Interest Rate Module to reduce the Spark Effective Dai Borrow Rate by 2 percentage points from 11% to 9%.

Review

Community debate on these topics can be found on the MakerDAO Governance forum. Please review any linked threads to inform your position before voting.

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Resources

Additional information about the Governance process can be found in the Maker Operational Manual.

To add current and upcoming votes to your calendar, please see the MakerDAO Governance Calendar.