The Maker Foundation Interim Governance Facilitator has placed an Immediate Executive Vote proposal into the voting system to:
Lower the Dai Stability Fee to 0.5%
Increase the Dai Savings Rate Spread to 0.5%
Note: This will set the Dai Savings Rate to 0%
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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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Ye we jsut need clear and solid liquidation rules and some sort of mechanism so your CDP dont get flash crashed by money printing banskters. Thanks for a great and awesome ecosystem guys.! I almost got liquidated but got perfect support from the chat. The issue was GAS not MKR.pic.twitter.com/OY42ukCi7k
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Activate the Liquidation Freeze Module
More background and detail on the proposal can be found in the forum: