MakerDAO is adjusting the parameters of GUSD as collateral through voting to limit DAI's exposure to Gemini

ChainCatcher news, according to The Block, due to the liquidity crisis faced by the Gemini exchange's lending platform Earn, MakerDAO has begun voting on two governance polls aimed at limiting the exposure of the DAI stablecoin to Gemini, in order to adjust the parameters for using GUSD as collateral to mint DAI.

The first poll proposes setting the GUSD vault's tout (the percentage fee charged for exchanging DAI back to collateral assets) to zero, which effectively means users can exchange DAI back to GUSD for free. The second poll proposes lowering the current debt ceiling to $500 million, with GUSD collateral in the Maker protocol currently at $489 million. Both polls will end on January 19. (source link)