Template - [Executive Vote] Maker Teleport Technical Deployment on StarkNet, Recognized Delegate Compensation Distribution for October, MOMC Parameter Changes - October 9, 2022

--- title: Template - [Executive Vote] Maker Teleport Technical Deployment on StarkNet, Recognized Delegate Compensation Distribution for October, MOMC Parameter Changes - October 9, 2022 summary: Risk parameter adjustments for the Maker Teleport technical deployment on StarkNet; Compensation distribution totalling 111,712 DAI for 18 Recognized Delegates for October; MOMC parameter changes date: 2022-11-09T00:00:00.000Z address: "$spell_address" --- # [Executive Proposal] Maker Teleport Technical Deployment on StarkNet, Recognized Delegate Compensation Distribution for October, MOMC Parameter Changes - October 9, 2022 The Governance Facilitator(s) and the Protocol Engineering Core Unit have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. If you are new to voting in the Maker Protocol, please see the [voting guide](https://community-development.makerdao.com/en/learn/governance/how-voting-works/) to learn how voting works, and this [wallet setup guide](https://community-development.makerdao.com/en/learn/governance/voting-setup/) to set up your wallet to vote. --- ## Executive Summary If this executive proposal passes, the following **changes** will occur within the Maker Protocol: - A total of **111,712 DAI** will be distributed to 18 Recognized Delegates as itemized further down. - Parameter changes from the latest proposal from the MakerDAO Open Market Committee: a [Stability Fee](https://manual.makerdao.com/parameter-index/vault-risk/param-stability-fee) increase and a [Debt Ceiling](https://manual.makerdao.com/parameter-index/vault-risk/param-debt-ceiling) decrease, both detailed further down. - Risk parameters will be set/adjusted for the technical deployement of Maker Teleport on StarkNet as detailed further down. **Voting for this executive proposal will place your MKR in support of the changes.** Unless otherwise noted, the changes listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **48 hours**. If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. --- ## Proposal Details ### Recognized Delegate Compensation Distribution for October As per [MIP61: Recognized Delegate Compensation](https://mips.makerdao.com/mips/details/MIP61), a total of **111,712 DAI** will be distributed to 18 Recognized Delegates as itemized below if this executive proposal passes: - 12,000 DAI will be transferred to [StableNode](https://vote.makerdao.com/address/0x8804d391472126da56b9a560aef6c6d5aaa7607b#delegate-credentials) at [0x3B91eBDfBC4B78d778f62632a4004804AC5d2DB0](https://etherscan.io/address/0x3B91eBDfBC4B78d778f62632a4004804AC5d2DB0). - 12,000 DAI will be transferred to [schuppi](https://vote.makerdao.com/address/0xb4b82978fce6d26a22dea7e653bb9ce8e14f8056) at [0xCCffDBc38B1463847509dCD95e0D9AAf54D1c167](https://etherscan.io/address/0xCCffDBc38B1463847509dCD95e0D9AAf54D1c167). - 11,615 DAI will be transferred to [Flip Flop Delegate LLC](https://vote.makerdao.com/address/0x0f4be9f208c552a6b04d9a1222f385785f95beaa) at [0x688d508f3a6B0a377e266405A1583B3316f9A2B3](https://etherscan.io/address/0x688d508f3a6B0a377e266405A1583B3316f9A2B3). - 11,395 DAI will be transferred to [Flipside Crypto](https://vote.makerdao.com/address/0x84b05b0a30b6ae620f393d1037f217e607ad1b96) at [0x62a43123FE71f9764f26554b3F5017627996816a](https://etherscan.io/address/0x62a43123FE71f9764f26554b3F5017627996816a). - 10,671 DAI will be transferred to [Feedblack Loops LLC](https://vote.makerdao.com/address/0x92e1ca8b69a44bb17afa92838da68fc41f12250a) at [0x80882f2A36d49fC46C3c654F7f9cB9a2Bf0423e1](https://etherscan.io/address/0x80882f2A36d49fC46C3c654F7f9cB9a2Bf0423e1). - 10,390 DAI will be transferred to [Penn Blockchain](https://vote.makerdao.com/address/0x7ddb50a5b15aea7e7cf9ac8e55a7f9fd9d05ecc6) at [0x2165d41af0d8d5034b9c266597c1a415fa0253bd](https://etherscan.io/address/0x2165d41af0d8d5034b9c266597c1a415fa0253bd). - 8,056 DAI will be transferred to [JustinCase](https://vote.makerdao.com/address/0xcdb792c14391f7115ba77a7cd27f724fc9ea2091) at [0xE070c2dCfcf6C6409202A8a210f71D51dbAe9473](https://etherscan.io/address/0xE070c2dCfcf6C6409202A8a210f71D51dbAe9473). - 7,545 DAI will be transferred to [mhonkasalo & teemulau](https://vote.makerdao.com/address/0xaa19f47e6acb02df88efa9f023f2a38412069902) at [0x97Fb39171ACd7C82c439b6158EA2F71D26ba383d](https://etherscan.io/address/0x97Fb39171ACd7C82c439b6158EA2F71D26ba383d). - 6,682 DAI will be transferred to [AcreInvest](https://vote.makerdao.com/address/0x4d3ac33ab1dd7b0f352b8e590fe8b62c4c39ead5) at [0x5b9C98e8A3D9Db6cd4B4B4C1F92D0A551D06F00D](https://etherscan.io/address/0x5b9C98e8A3D9Db6cd4B4B4C1F92D0A551D06F00D). - 5,306 DAI will be transferred to [GFX Labs](https://vote.makerdao.com/address/0x869147940842bb1aa4c40e60c5e583f4911f2e02) at [0xa6e8772af29b29B9202a073f8E36f447689BEef6](https://etherscan.io/address/0xa6e8772af29b29B9202a073f8E36f447689BEef6). - 5,109 DAI will be transferred to [Blockchain@Columbia](https://vote.makerdao.com/address/0xb8df77c3bd57761bd0c55d2f873d3aa89b3da8b7) at [0xdC1F98682F4F8a5c6d54F345F448437b83f5E432](https://etherscan.io/address/0xdC1F98682F4F8a5c6d54F345F448437b83f5E432). - 5,057 DAI will be transferred to [Chris Blec](https://vote.makerdao.com/address/0x2c511d932c5a6fe4071262d49bfc018cfbaaa1f5) at [0xa3f0AbB4Ba74512b5a736C5759446e9B50FDA170](https://etherscan.io/address/0xa3f0AbB4Ba74512b5a736C5759446e9B50FDA170). - 2,995 DAI will be transferred to [London Business School Blockchain](https://vote.makerdao.com/address/0x2c511d932c5a6fe4071262d49bfc018cfbaaa1f5) at [0xB83b3e9C8E3393889Afb272D354A7a3Bd1Fbcf5C](https://etherscan.io/address/0xB83b3e9C8E3393889Afb272D354A7a3Bd1Fbcf5C). - 2,136 DAI will be transferred to [Frontier Research LLC](https://vote.makerdao.com/address/0x316090e23cc44e70245ba9846404413aca2df16f) at [0xA2d55b89654079987CF3985aEff5A7Bd44DA15A8](https://etherscan.io/address/0xA2d55b89654079987CF3985aEff5A7Bd44DA15A8). - 271 DAI will be transferred to [ONESTONE](https://vote.makerdao.com/address/0x9301f3bb7a71ab4d46b17bd1f8254142fa8f26ad) at [0x4eFb12d515801eCfa3Be456B5F348D3CD68f9E8a](https://etherscan.io/address/0x4eFb12d515801eCfa3Be456B5F348D3CD68f9E8a). - 270 DAI will be transferred to [CodeKnight](https://vote.makerdao.com/address/0xe89f973a19cd76c3e5e236062668e43042176638) at [0x46dFcBc2aFD5DD8789Ef0737fEdb03489D33c428](https://etherscan.io/address/0x46dFcBc2aFD5DD8789Ef0737fEdb03489D33c428). - 149 DAI will be transferred to [Llama](https://vote.makerdao.com/address/0x4e314eba76c3062140ad196e4ffd34485e33c5f5) at [0xA519a7cE7B24333055781133B13532AEabfAC81b](https://etherscan.io/address/0xA519a7cE7B24333055781133B13532AEabfAC81b). - 65 DAI will be transferred to [pvl](https://vote.makerdao.com/address/0xd9d00c42bed99a6d3a0f2902c640bccceecf6c29) at [0x6ebB1A9031177208A4CA50164206BF2Fa5ff7416](https://etherscan.io/address/0x6ebB1A9031177208A4CA50164206BF2Fa5ff7416). ### MOMC Parameter Changes As per this [governance poll](https://vote.makerdao.com/polling/QmahDuNx) on the latest MakerDAO Open Market Committee [proposal](https://forum.makerdao.com/t/parameter-changes-proposal-ppg-omc-001-28-october-2022/18564), the following parameter changes will be made in the Maker Protocol if this executive proposal passes: - **Increase** the MANA-A [Stability Fee](https://manual.makerdao.com/parameter-index/vault-risk/param-stability-fee) from 4.5% **to 7.5%**. - **Decrease** the MANA-A [Debt Ceiling (`line`)](https://manual.makerdao.com/parameter-index/vault-risk/param-debt-ceiling) from 17 million DAI **to 10 million DAI**. ### Maker Teleport Technical Deployment on StarkNet As per these gobernance polls ([1](https://vote.makerdao.com/polling/QmZxRgvG), [2](https://vote.makerdao.com/polling/QmbWkTvW#poll-detail)), the following risk parameters will be adjusted thusly in the context of the tecnical deployment of Maker Teleport on StarkNet: #### Debt Ceiling Parameters - **Set** the [Debt Ceiling (`line`)](https://manual.makerdao.com/parameter-index/vault-risk/param-debt-ceiling) **to 1 million DAI**. - **Increase** the [Global Debt Ceiling (`line`)](https://manual.makerdao.com/parameter-index/core/param-global-debt-ceiling) from 2 million DAI to **3 million DAI**. #### Maker Teleport Fee Parameters - **Set** the Starknet Teleport Fee parameter **to 1**. #### Deposit Limit - **Set** the deposit limit **to 1000 DAI**. #### Oracle Quorum - **Set** the Oracle Quorum for Starknet Teleport **to 13**. You can further inform your position by reading this [forum thread](https://forum.makerdao.com/t/mip69-l2-to-l1-fast-withdrawals/14041) and [MIP69: L2-to-L1 Fast Withdrawals](https://mips.makerdao.com/mips/details/MIP69). ## Review Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. Additionally, these changes may have been discussed further in recent Governance calls. [Video](https://www.youtube.com/playlist?list=PLLzkWCj8ywWNq5-90-Id6VPSsrk4OWVan) for these calls is available to review. --- ## Resources Additional information about the Governance process can be found in the [Governance](https://community-development.makerdao.com/en/learn/governance) section of the MakerDAO community portal. To participate in future Governance calls, please [join us](https://github.com/makerdao/community/tree/master/governance/governance-and-risk-meetings) every Thursday at 17:00 UTC. To add current and upcoming votes to your calendar, please see the [MakerDAO Public Events Calendar](https://calendar.google.com/calendar/embed?src=makerdao.com_3efhm2ghipksegl009ktniomdk%40group.calendar.google.com&ctz=UTC&mode=week&showCalendars=0&showPrint=0).