MOR Subsystem Changes - March 4, 2022
GRO Holders should vote for this proposal if they support the following alterations to the MOR (Avalanche) Protocol.
If you have questions on how voting works ask in Growth DeFi's Telegram
If this executive proposal passes, the following changes will occur within the Maker Protocol:
- Changes the stability fee for XJOE to 5%/year
- Surplus withdrawal of 100,000 MOR
If this executive proposal passes, the following additions will be made to the Maker Protocol:
- Activation of the Surplus Payment module
Voting for this executive proposal will place your GRO in support of the changes and additions outlined above.
If this executive proposal passes, the changes and additions listed above will only become active in the MOR (Avalanche) Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to 24 hours.
If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the MOR (Avalanche) Protocol.
Changes the stability fee for XJOE to 5%/year
This will set the stability fee in 5%/year for STKXJOE-A.
Surplus withdrawal of 100,000 MOR
This will be performing a 100,000 MOR withdrawal of the system surplus to the GrowthDeFi multisig wallet.
Activation of the Surplus Payment module
This will activate the Surplus Payment module that allows withdrawing up to 10k MOR per week directly into the veGRO Reward Distributor.
Community debate on these topics can be found on the MOR Governance forum. Please review any linked threads to inform your position before voting.