The MakerDAO community has initiated a new executive proposal, suggesting changes to the stability fee and raising the maximum debt ceiling, among other things

2023-09-15 09:05:49

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ChainCatcher news, MakerDAO has initiated a new executive proposal, suggesting changes to the stability fees and adjustments to the maximum debt ceiling.

The adjustments to the stability fees include: the stability fee for ETH-A increasing from 3.58% to 3.70%; the stability fee for ETH-B increasing from 4.08% to 4.20%; the stability fee for ETH-C increasing from 3.33% to 3.45%.

The proposed maximum debt ceiling: will be raised from 0 DAI to 120 million DAI; the target available debt will increase from 0 DAI to 50 million DAI; the cooling-off period for the ceiling increase will be set at 24 hours. The maximum debt ceiling for Spark Protocol D3M (DIRECT-SPARK-DAI) will be raised from 200 million DAI to 400 million DAI; the cooling-off period for the Spark Protocol D3M ceiling increase will be extended from 8 hours to 12 hours. The debt ceiling for the Fortunafi treasury will be reduced from 15 million DAI to 0 DAI, among other details.

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