Lower the Sai debt ceiling 20M
Reduce the Governance Security Module delay to 4 hours
Activate the Liquidation Freeze Module
More background and detail on the proposal can be found in the forum:https://forum.makerdao.com/t/proposal-for-immediate-changes-and-executive-vote/1545 …
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The spell has been cast. The Sai debt ceiling is now 20MM. All other changes will take place Monday, March 16 at 7:15 PM GMT.
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Why is the DSR going to 0%? That means I won’t be earning any interest on my DAI. That’s not cool at all
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what was not "cool at all" was the MKR keeper that placed a bid at $0MKR last week. That "bot" played a good hand of arbitrage causing a stress in the system. Now we all pay the sour price of not earning interest. But who cares? the Fed also pays 0% in its toilet paper FIAT
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You're no better than a central bank
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de central bank tho
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The problem of liquidation was because there was not much stress test, plus not many knew how to participate in auction. We as a community could have done only if there was more publicity regarding keeper function!
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@RyanSAdams is it true that the DSR will go down to 0%? -
Temporary
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Hahaha
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Increase the Dai Savings Rate Spread to 0.5%
Note: This will set the Dai Savings Rate to 0%
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