Before the Instant Access Module (IAM) we had a constant barrage of Debt Ceiling (DC) work in the form of signal requests and governance polls. With IAM this governance workload is much reduced, but now we are discussing the IAM gap - how much the DC should increase per write to smart contract. The issue is that the number of collateral types covered by IAM will grow strongly, so before too much bandwidth is occupied by this maybe we should automate?
As-is: fixed DC increase per write to contract. Example - presently DAI 30 million for ETH-A for example.
Suggested: percentage DC increase per write. Possibly 1%-10% per write - exact figure to be decided by Risk recommendation and voting.
Less governance work
More DAI minted
Less precise control over DC
Next steps if the signal passes: A MIP to this purpose reviewed by relevant parties prior to presentation.
EDIT: revised per comments by @LongForWisdom
- Other (please comment below)
The poll is open until Thursday 25 February 2021 but will move on-chain on the following Monday only if there is a majority for moving to a percentage DC calculation for IAM.