title: Template - [Executive Vote] Lower the Stability fee by 4% to a total of 5.5% per year.
## [Executive Vote] Lower the Stability fee by 4% to a total of 5.5% 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 vote for a new Dai Stability Fee of **5.5%**.
The Executive Vote ([FAQ](https://community-development.makerdao.com/governance/governance#is-there-more-than-one-type-of-vote)) will continue until the number of votes surpasses the total in favor of the previous Executive Vote. This is a [continuous approval](https://community-development.makerdao.com/governance/governance#what-is-continuous-approval-voting) vote.
The Stability Fee was discussed in the Governance call on Thursday, October 24. Please review the [Video](https://www.youtube.com/playlist?list=PLLzkWCj8ywWNq5-90-Id6VPSsrk4OWVan), [Audio](https://soundcloud.com/makerdao/sets/governance-and-risk), [Transcript](https://community-development.makerdao.com/governance/governance-and-risk-meetings/transcripts) (delayed by 24 to 48 hours), and the online [discussion](https://forum.makerdao.com/c/governance) to inform your position before voting.
The MakerDAO community is moving forward with an Executive Vote to determine whether it will enact the rate established by the [previous](https://vote.makerdao.com/polling) Governance Poll.
**Voting for this proposal will place your MKR in support of decreasing the Stability Fee by 4% to a new total of 5.5% per year.**
Additional information about the Governance process can be found in the [Governance Risk Framework: Governing MakerDAO](https://community-development.makerdao.com/governance/governance-risk-framework)
Demos, help and instructional material for the Governance Dashboard can be found at [Awesome MakerDAO](https://awesome.makerdao.com/#voting).
To participate in future Governance calls, please [join us](https://community-development.makerdao.com/governance/governance-and-risk-meetings) 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).