## [Executive Vote] Raise the Stability fee by 3% to a total of 14.5% per year.
The Maker Foundation Interim Risk Team has placed an Executive Vote into the [voting system](https://vote.makerdao.com/), which will enable the community to enact a new Dai Stability Fee of **14.5%**.
The Executive Vote ([FAQ](https://makerdao.com/en/faq/voting#what-is-executive-voting)) will continue until the number of votes surpasses the total in favor of the previous Executive Vote. This is a [continuous approval](https://github.com/makerdao/community/blob/master/faqs/governance.md#what-is-continuous-approval-voting) vote.
The need to increase the Stability Fee was discussed in the Governance call on Thursday, April 18.
Please review the [Video](https://youtu.be/2SOReXqC35Y), [Audio](https://soundcloud.com/makerdao/sets/governance-and-risk), [Transcript](https://github.com/makerdao/community/tree/master/governance/transcripts) (delayed by 24 to 48 hours), and the online [discussion](https://www.reddit.com/r/mkrgov/) to inform your position before voting.
Key factors under consideration for increasing the Stability Fee are:
* Exchange price persists below $1
* High inventory levels among market makers and prop desks
* Little attributable impact from the previous Stability Fee increases
The MakerDAO community is moving forward with an Executive Vote to enact the rate determined by the [previous](https://vote.makerdao.com/polling) Governance Poll.
**Voting for this proposal will place your MKR in support of increasing the Stability Fee by 3% to a new total of 14.5% per year.**
Additional information about the Governance process can be found in the [Governance Risk Framework: Governing MakerDAO](https://medium.com/makerdao/makerdao-governance-risk-framework-part-3-7a4c620f4077)
Demos, help and instructional material for the Governance Dashboard can be found at [Awesome MakerDAO](https://github.com/makerdao/awesome-makerdao#voting).
To participate in future Governance calls, please [join us](https://www.reddit.com/r/MakerDAO/comments/8xvsiy/new_weekly_meetings_schedule/) every Thursday at 16:00 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=America%2FLos_Angeles).