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MakerDAO passed a provisional vote to cut the Dai fee to 4% and delay the debt auction to 6.5 days

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Change the DSR to 4% and increase the TTL for a flip auction from 10 minutes to 6 hours.

According to the official announcement of MakerDAO, the Maker foundation has voted to lower Dai to 4% and raise the delay time of debt auction to 6.5 days.

The details are as follows:

- reduce the Sai stabilization fee by 2% to 7.5%
- reduce Dai stabilization fee by 4% to 4%
- change DSR to 4%
- reduce the ceiling of the transfer contract debt from 20 million to 10 million
- change the SCD debt ceiling from $5 million to $25 million
- reduce the MCD debt ceiling from 50M to 100M
- set the global MCD debt ceiling at 113M
- increased the Flip auction TTL from 10 minutes to 6 hours
- increased the number of Flip auctions from 50 ETH to 500 ETH
- reduced the maximum duration of the Flip auction from three days to six hours
- increased the TTL of a flip auction from 10 minutes to 6 hours
- increased the delay in debt auctions from 48 hours to 6.5 days

Source link:https://vote.makerdao.com/executive-proposal/adjust-multiple-risk-parameters