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Maker Governance Portal Holds Executive Vote to Adjust Clearing Parameters for CRVV1ETHSTETH-A

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On March 9, it was reported that a new executive vote was being held on the Maker governance portal. If the implementation proposal is approved, the clearing pa

Maker Governance Portal Holds Executive Vote to Adjust Clearing Parameters for CRVV1ETHSTETH-A

On March 9, it was reported that a new executive vote was being held on the Maker governance portal. If the implementation proposal is approved, the clearing parameters of CRVV1ETHSTETH-A will be adjusted as follows: increase the local clearing limit from 3 million DAI to 5 million DAI; Reduce the auction price multiplier from 1.20 to 1.10; Reduce the maximum auction duration from 8400 seconds to 7200 seconds; Increase the maximum auction withdrawal from 0.40 to 0.45.

Maker governance portal carries out new execution voting

Analysis based on this information:


The Maker governance portal has announced an executive vote that seeks to adjust the clearing parameters for CRVV1ETHSTETH-A. The changes, if approved, will lead to an increase in the local clearing limit, a reduction in the auction price multiplier and duration, and an increase in the maximum auction withdrawal.

The proposal seeks to increase the local clearing limit from 3 million DAI to 5 million DAI. This will enable the system to manage more liquidations efficiently and reduce the risk of defaults. With this increase, it will become easier for users to manage their positions and mitigate the impact of price fluctuations.

Another important change is the reduction in the auction price multiplier from 1.20 to 1.10. This change seeks to reduce the magnitude of price drops during liquidations. With this reduction, the auction price will be less sensitive to market volatility, allowing users to protect their assets better.

The maximum auction duration proposed in the vote is an adjustment in line with the need for efficiency. The maximum auction duration will be reduced from 8400 seconds to 7200 seconds. This reduction will ensure that liquidation auctions take less time and are more efficient. It will also make it easier to manage the collateral that goes into the auction process.

Finally, the proposal seeks to increase the maximum auction withdrawal from 0.40 to 0.45. This change will allow users to withdraw a higher percentage of their collateral if they choose not to participate in the collateral auction process. It will give users more flexibility and autonomy in managing their positions.

In conclusion, the executive vote on the Maker governance portal aims to adjust the clearing parameters of CRVV1ETHSTETH-A. If approved, the changes proposed will lead to increased efficiency, flexibility, and risk reduction. The governance process putting up the executive vote illustrates the decentralized nature of MakerDAO and its commitment to implement changes that reflect the collective will of Maker users.

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