THE LIQUDITATIONS 2.0 UPGRADE EXECUTIVE VOTE IS LIVE

Today, MIP45, the proposal to upgrade the Maker Protocol’s Liquidations system, which should help safeguard Dai’s stability, was placed into the Maker Governance portal as an Executive Proposal. MKR holders can now vote on the activation of Liquidations 2.0, which, if ratified, should improve system efficiency and create more opportunities for community members to participate in collateral auctions via Auction Keeper software and more conventional interfaces.

The upgrade represents a year’s worth of work, combined with a great deal of community feedback and support. Importantly, it also marks the last major technical and functional contribution that any Foundation team will provide the DAO as it moves toward complete decentralization.

⬇️DETAILS:

https://blog.makerdao.com/the-liquidations-2-0-upgrade-executive-vote-is-live