GovHub: August Update

This past month had a flurry of highly important governance votes across the crypto landscape. According to GovHub, our governance aggregator and insight tool, communities voted on over 18 proposals that our protocol-specific analysts deem to be of “High” or “Medium” importance. Below we highlight the top 5 most important proposals across our covered assets and provide our own insight on how the protocol may be impacted. Additionally, we outline an important “Emerging Proposal” that came up in discussion in the protocol’s forums that will be voted on at a later date.

MakerDAO: Stability Scope Bootstrapping Edits (eDSR)

**Summary: **This proposal introduced an Enhanced DSR (Dai Savings Rate) as part of the stability scope parameters for Maker Endgame. Previously, the DSR was fixed at ~3.19%, largely based on zero to six-month T-Bill yields and crypto collateral stability fees. To incentivize DAI growth, the eDSR temporarily increases the DSR when utilization is low, and the effect decreases over time as utilization increases until eventually eradicated when a certain pre-determined level is reached. The boost is a one-time implementation, so it won’t be able to increase back even if utilization recedes to a lower level.

Vote Period: July 24th, 2023 - July 27th, 2023

**Analyst Position: “**Yes”

Result: “Yes”