Merge pull request #35 from makerdao/master

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governance/polls/Approve New TUSD Implementation - September 14, 2020.md

@@ -1,6 +1,5 @@
 ---
 title: Approve New TUSD Implementation with Original Risk Parameters - September 14, 2020
-
 summary: Signal your support to approve the new TUSD implementation with the original risk parameters (outlined below).
 discussion_link: https://forum.makerdao.com/t/3982
 vote_type: Plurality Voting

governance/polls/Base Rate Adjustment - September 14, 2020.md

@@ -1,25 +1,25 @@
 ---
 title: Base Rate Adjustment - September 14, 2020
-summary: Signal your support to adjust the Base Rate within a range of $lower_bound to $upper_bound
+summary: Signal your support to adjust the Base Rate within a range of -6% to 2%
 discussion_link: https://forum.makerdao.com/t/3971
 vote_type: Ranked Choice IRV
 options:
    0: Abstain
-   1: $axis - 4
-   2: $axis - 2
-   3: $axis - 1
-   4: $axis - 0.5
-   5: $axis - 0.25
-   6: $axis
-   7: $axis + 0.25
-   8: $axis + 0.5
-   9: $axis + 1
-   10: $axis + 2
-   11: $axis + 4
+   1: -6
+   2: -4
+   3: -3
+   4: -2.5
+   5: -2.25
+   6: -2
+   7: -1.75
+   8: -1.5
+   9: -1
+   10: 0
+   11: 2
 ---
 # Poll: Base Rate Adjustment - September 14, 2020
 
-The Governance Facilitators have placed a governance poll into the [voting system](https://vote.makerdao.com/polling) which presents several possible **Base Rate** options. Voters are now able to signal their support for a **Base Rate** within a range of $lower_bound to $upper_bound.
+The Governance Facilitators have placed a governance poll into the [voting system](https://vote.makerdao.com/polling) which presents several possible **Base Rate** options. Voters are now able to signal their support for a **Base Rate** within a range of -6% to 2%.
 
 Stability Fees are calculated from the Base Rate and Risk Premiums using the formula `Stability Fee = max(Base Rate + Risk Premium, 0%)`. **Please note that a negative Base Rate does NOT imply negative Stability Fees**.
 

governance/polls/USDC-A Liquidation Ratio Adjustment - September 14, 2020.md

@@ -0,0 +1,41 @@
+---
+title: USDC-A Liquidation Ratio Adjustment - September 14, 2020
+summary: Signal your support to lower the USDC-A Liquidation Ratio within a range of 105% to 101%
+discussion_link: https://forum.makerdao.com/t/3886
+vote_type: Ranked Choice IRV
+options:
+   0: Abstain
+   1: 110% (No Change)
+   2: 105%
+   3: 104%
+   4: 103%
+   5: 102%
+   6: 101%
+---
+# Poll: USDC-A Liquidation Ratio Adjustment - September 14, 2020
+
+The Governance Facilitators have placed a Governance Poll into the [voting system](https://vote.makerdao.com/polling) which presents a number of possible **Liquidation Ratio** options for the USDC-A Vault type. Voters are now able to signal their support for a **USDC-A Liquidation Ratio** within a range of 105% to 101%.
+
+This weekly Governance Poll ([FAQ](https://community-development.makerdao.com/governance/governance)) will be active for three days beginning on Monday, September 14 at 16:00 UTC, the results of which may inform an Executive Vote which will go live on Friday, September 18 at 16:00 UTC.
+
+## Review
+
+The signal request for reducing the USDC-A Liquidation Ratio can be found [here](https://forum.makerdao.com/t/signal-request-should-we-reduce-the-usdc-a-collateralization-ratio/3886) along with the results. Please review the discussion there to inform your position before voting.
+
+## Next Steps
+
+On the Friday following the conclusion of the poll, there will be an Executive Vote asking MKR token holders if they support or reject the change proposed by this Governance Poll.
+
+If the Friday executive passes, then this rate change will become active in the Maker Protocol after the [Governance Security Module](https://forum.makerdao.com/tag/govsec-module) delay has expired.
+
+---
+
+## Resources
+
+If you are new to voting in the Maker Protocol, please see the [voter onboarding guide](https://community-development.makerdao.com/onboarding/voter-onboarding) to learn how to use this dashboard and set up your wallet to vote.
+
+Additional information about the Governance process can be found in the [Governance Risk Framework: Governing MakerDAO](https://community-development.makerdao.com/governance/governance-risk-framework)
+
+To participate in future Governance calls, please [join us](https://community-development.makerdao.com/governance/governance-and-risk-meetings) every Thursday at 16:00 UTC.
+
+To add current and upcoming votes to your calendar, please see the [MakerDAO Public Events Calendar](https://calendar.google.com/calendar/embed?src=makerdao.com_3efhm2ghipksegl009ktniomdk%40group.calendar.google.com&ctz=America%2FLos_Angeles).

governance/votes/Executive vote - September 14, 2020.md

@@ -0,0 +1,49 @@
+---
+title: Template - [Executive Vote] Changes to USDC-A and PAX-A Parameters, Reduce Box Parameter - September 14, 2020
+
+---
+## [Executive Vote] Changes to USDC-A and PAX-A Parameters, Reduce Box Parameter - September 14, 2020
+
+The Governance Facilitators and the Maker Foundation Smart Contracts Team have placed an Executive Vote into the voting system which will enable the community to approve the following alterations to the protocol. This expedited executive vote is taking place due to an [emergency signal request](https://forum.makerdao.com/t/signal-request-should-we-take-emergency-action-to-fix-the-peg/4096) put forward by the Maker governance community. Discussion of this executive vote can be found [here](https://forum.makerdao.com/t/expedited-executive-vote-2020-09-14/4125).
+
+### Changes to USDC-A and PAX-A Parameters
+
+As per this [emergency signal request](https://forum.makerdao.com/t/signal-request-should-we-take-emergency-action-to-fix-the-peg/4096), the USDC-A and PAX-A vaults will see changes (summarized below) to their parameters if this proposal passes. Note that the parameter changes are a combination of this original signal, and input from risk contributors and the Governance Facilitator.
+
+### Reduce Box Parameter
+
+As per this [signal request](https://forum.makerdao.com/t/signal-request-should-we-change-box-ttl-auction-parameters/4023) and input from risk contributors and keepers, the `box` auction parameter will be reduced from 30 million to 15 million if this proposal passes. This change was originally planned to take place next Friday after an on-chain poll, but it was deemed urgent and included in this expedited executive proposal.
+
+## Summary
+
+Therefore, if this Executive proposal passes the following will occur:
+- The USDC-A collateralization ratio will be decreased from 110% to 103%.
+- The PAX-A collateralization ratio will be decreased from 120% to 103%.
+- The USDC-A debt ceiling will be increased from 100 million to 200 million.
+- The PAX-A debt ceiling will be increased from 5 million to 30 million.
+- The Vat global `line` parameter will increase from 823 million to 948 million.
+- The `box` parameter will be changed from 30 million to 15 million.
+
+The Executive Vote ([FAQ](https://community-development.makerdao.com/makerdao-mcd-faqs/faqs#governance)) will continue until the number of votes surpasses the total in favor of the previous Executive Vote. This is a [continuous approval](https://community-development.makerdao.com/makerdao-mcd-faqs/faqs/governance#what-is-continuous-approval-voting) vote.
+
+## Review
+
+Community debate on this topic can be found on the MakerDAO [governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting.
+
+Additionally, these changes may have been discussed further in recent Governance calls. [Video](https://www.youtube.com/playlist?list=PLLzkWCj8ywWNq5-90-Id6VPSsrk4OWVan) and [Audio](https://soundcloud.com/makerdao/sets/governance-calls) for these calls is available to review.
+
+## Action
+
+**Voting for this proposal will place your MKR in support of implementing the changes outlined above.**
+
+---
+
+## Resources
+
+If you are new to voting in the Maker Protocol, please see the [voter onboarding guide](https://community-development.makerdao.com/onboarding/voter-onboarding) to learn how to use this dashboard and set up your wallet to vote.
+
+Additional information about the Governance process can be found in the [Governance Risk Framework: Governing MakerDAO](https://community-development.makerdao.com/governance/governance-risk-framework)
+
+To participate in future Governance calls, please [join us](https://community-development.makerdao.com/governance/governance-and-risk-meetings) every Thursday at 16:00 UTC.
+
+To add current and upcoming votes to your calendar, please see the [MakerDAO Public Events Calendar](https://calendar.google.com/calendar/embed?src=makerdao.com_3efhm2ghipksegl009ktniomdk%40group.calendar.google.com&ctz=America%2FLos_Angeles).