MKR holders have been subsidizing the risk of ETH collapse since Black Thursday in order to bootstrap and encourage DAI supply growth as the peg has stayed above $1. With the ratification and creation of the base rate, we should begin to look at that as the lever to use to encourage DAI supply growth/retraction. Therefore I am asking the community whether it is time to re-add/add a risk premium to ETH-A to insure the Maker system against future ETH collapse. I look forward to your feedback.
- MakerDAO begins collecting surplus from ETH-A (Positive impact on MKR price)
- Collected ETH-A stability fees go towards insuring future defaults
- Promotes the use of adjusting the Base Rate instead of Risk Premium
- May temporarily reduce DAI supply from ETH-A (as we adjust to using base rate)
Should we increase the ETH-A Risk Premium?
What should the ETH-A Risk Premium be?
- Let Risk Team decide
This poll will run until Wednesday, August 5th to provide ample discussion. If you can think of any other pros/cons I will be sure to add them to the overview. Looking forward to hearing the communities thoughts on the matter!