EDSR Adjustment, Multiple Stability Fee updates.
On August 18th, 2023, MKR holders voted for significant parameter changes as part of the weekly Maker Governance Cycle; you can see the entire proposal here.
These changes are available for execution from August 20th.
DSR Adjustment
- Reduce the DSR by 3% from 8% to 5%.
Stability Fee Updates
- Increase ETH-A Stability Fee by 0.14% from 3.44% to 3.58%.
- Increase ETH-B Stability Fee by 0.14% from 3.94%% to 4.08%.
- Increase ETH-C Stability Fee by 0.14% from 3.19% to 3.33%.
- Increase WSTETH-A Stability Fee by 1.81% from 3.44% to 5.25%.
- Increase WSTETH-B Stability Fee by 1.81% from 3.19% to 5.00%.
- Increase RETH-A Stability Fee by 1.81% from 3.44% to 5.25%.
- Increase WBTC-A Stability Fee by 0.11% from 5.69% to 5.80%.
- Increase WBTC-B Stability Fee by 0.11% from 6.19% to 6.30%.
- Increase WBTC-C Stability Fee by 0.11% from 5.44% to 5.55%.
CRVV1ETHSTETH-A Second Stage Offboarding
- Reduce Liquidation Penalty (
chop) by 13% from 13% to 0%. - Reduce Flat Kick Incentive (
tip) by 250 DAI from 250 DAI to 0 DAI. - Reduce Proportional Kick Incentive (
chip) by 0.1% from 0.1% to 0%. - Increase Liquidation Ratio (
mat) by 9,845% from 155% to 10,000%. - For completeness, the Global Debt Ceiling (
Line) will be reduced by 100 million DAI as part of the offboarding process for this collateral.
New Debt Ceilings for WSTETH-A, WSTETH-B and rETH-A
- Increase WSTETH-A Maximum Debt Ceiling (
line) by 250 million DAI from 500 million DAI to 750 million DAI. - Increase WSTETH-B Maximum Debt Ceiling (
line) by 500 million DAi from 500 million DAI to 1 billion DAI. - Increase RETH-A Maximum Debt Ceiling (
line) by 25 million DAI from 50 million DAI to 75 million DAI.
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