diff --git a/governance/votes/Executive vote - February 07, 2024.md b/governance/votes/Executive vote - February 7, 2024.md similarity index 95% rename from governance/votes/Executive vote - February 07, 2024.md rename to governance/votes/Executive vote - February 7, 2024.md index 0508e02e4..540c4688b 100644 --- a/governance/votes/Executive vote - February 07, 2024.md +++ b/governance/votes/Executive vote - February 7, 2024.md @@ -1,13 +1,13 @@ --- -title: Template - [Executive Vote] Auction Parameter Updates, GUSD Input Conduit Management, Aave-SparkLend Revenue Share, RWA009-A doc Update, Delegate Compensation for January 2024 - February 07, 2024 +title: Template - [Executive Vote] Auction Parameter Updates, GUSD Input Conduit Management, Aave-SparkLend Revenue Share, RWA009-A doc Update, Delegate Compensation for January 2024 - February 7, 2024 summary: Update auction throughput parameters, convert remaining GUSD into Dai, transfer Dai to Aave as part of the SparkLend revenue sharing agreement, update the `doc` for RWA009-A, Aligned Delegate compensation transfers for January 2024. date: 2024-02-07T00:00:00.000Z address: "$spell_address" --- -# [Executive Proposal] Auction Parameter Updates, GUSD Input Conduit Management, Aave-SparkLend Revenue Share, RWA009-A doc Update, Delegate Compensation for January 2024 - February 07, 2024 +# [Executive Proposal] Auction Parameter Updates, GUSD Input Conduit Management, Aave-SparkLend Revenue Share, RWA009-A doc Update, Delegate Compensation for January 2024 - February 7, 2024 -The Governance Facilitator, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. +The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works. @@ -59,7 +59,7 @@ If this executive proposal passes, the following auction parameter changes will If this executive proposal passes, the following actions will be taken to `push` the remaining GUSD out of the PSM_GUSD_INPUT_CONDUIT_JAR, exchange it for Dai, and add it to the Surplus Buffer: -1. Raise Debt Ceiling of PSM_GUSD_A to **567,660 DAI** - accounting for the GUSD rewards and the remaining 0.91 DAI debt still present in the vault. +1. Raise Debt Ceiling of PSM_GUSD_A to **597,660 DAI** - accounting for the GUSD rewards and the remaining 0.91 DAI debt still present in the vault. 2. Call `push(uint256 amt)` on the [PSM_GUSD_A_INPUT_CONDUIT_JAR](https://etherscan.io/address/0x6934218d8b3e9ffcabee8cd80f4c1c4167afa638) contract with an `amt` of **597,659**, depositing the contents of the contract to the PSM and receiving an identical amount of Dai into the [PSM_GUSD_A_JAR](https://etherscan.io/address/0xf2e7a5b83525c3017383deed19bb05fe34a62c27) contract. 3. Call `void` on the [PSM_GUSD_A_JAR](https://etherscan.io/address/0xf2e7a5b83525c3017383deed19bb05fe34a62c27) contract to deposit the Dai to the Surplus Buffer. 4. Decrease Debt Ceiling of PSM_GUSD_A back to **0 DAI**. @@ -67,10 +67,10 @@ If this executive proposal passes, the following actions will be taken to `push` This will have the following net results: 1. Debt Ceiling remains at 0 after the transaction has executed. -2. Dai minted from PSM_GUSD_A increases to 567,659.91 DAI. -3. GUSD balance of [MCD_JOIN_PSM_GUSD_A](https://etherscan.io/address/0x79a0fa989fb7adf1f8e80c93ee605ebb94f7c6a5) increases to 567,659.91 GUSD. +2. Dai minted from PSM_GUSD_A increases to 597,659.91 DAI. +3. GUSD balance of [MCD_JOIN_PSM_GUSD_A](https://etherscan.io/address/0x79a0fa989fb7adf1f8e80c93ee605ebb94f7c6a5) increases to 597,659.91 GUSD. 4. GUSD balance of [PSM_GUSD_A_INPUT_CONDUIT_JAR](https://etherscan.io/address/0x6934218d8b3e9ffcabee8cd80f4c1c4167afa638) decreases to 0 GUSD. -5. Surplus Buffer increases by 567,659 DAI. +5. Surplus Buffer increases by 597,659 DAI. ### Aave-SparkLend Revenue Share