MakerDAO added new executive vote to the voting portal

MakerDAO reported last Friday, May 7, through its Twitter account, that it added a new executive vote to the voting portal, in order for users to approve or not the option to transfer the budgets of the basic units of May and add the following types of vaults to the Settlement 2.0 framework: UNI-A, ZRX-A, AAVE-A, BAT-A, RENBTC-A, LRC-A, MANA-A, COMP-A, KNC-A, COMP -TO.

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Image about MakerDAO’s Twitter post

“The Governance Facilitator and the MakerDAO Smart Contract Mastery Team have placed an executive proposal in the voting system. MKR holders must vote in favor of this proposal if they support the following modifications to the Maker Protocol”, he said through an article published on his website.

Executive Summary

The company explained that if this executive proposal is approved, the following changes will occur within the Maker Protocol:

Clearances 2.0

• The UNI-A vault type will be added to the Settlements 2.0 framework with the parameters listed below.

• The ZRX-A vault type will be added to the Liquidations 2.0 framework with the parameters listed below.

• The AAVE-A vault type will be added to the Settlements 2.0 framework with the parameters listed below.

• The BAT-A vault type will be added to the Settlements 2.0 framework with the parameters listed below.

• The RENBTC-A vault type will be added to the Liquidations 2.0 framework with the parameters listed below.

• The LRC-A vault type will be added to the Settlements 2.0 framework with the parameters listed below.

• The MANA-A vault type will be added to the Liquidations 2.0 framework with the parameters listed below.

• The COMP-A vault type will be added to the Settlements 2.0 framework with the parameters listed below.

• The KNC-A vault type will be added to the Settlements 2.0 framework with the parameters listed below.

• The BAL-A vault type will be added to the Settlements 2.0 framework with the parameters listed below.

Basic Unit Budget Distributions – May

• 40,000 DAIs will be distributed to Real World Finance (RWA-001).

• 100,500 DAI will be distributed to Risk (RISK-001).

• 80,000 DAIs will be distributed to GovAlpha (GOV-001).

• 126,117 DAIs will be distributed to Growth (GRO-001).

• 44,375 DAIs will be distributed to Content Production (MKT-001).

Other

The UNIV2DAIUSDC-A settlement ratio will be reduced from 110% to 105%.

As stated by the company, unless otherwise noted, the changes and additions listed above are subject to GSM pause delay. “This means that if this executive proposal is approved, the changes and additions listed above will only be activated in the Maker Protocol after the GSM pause delay has expired. The GSM pause delay is currently set at 48 hours”, he added.

Also read: SingularityDAO x LaunchPool x Poolz: Public Governance Generation Event

In addition, he highlighted that, if this executive proposal is not approved within 30 days, it will expire and can no longer have any effect on the Maker Protocol.

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