psybull

## gist:b32f4aa397540da41f04f42620a8fd3a
Continuous Voting and the peculiarities of the 7/26 Executive Stability Fee Vote

(Note, the Maker system uses 'fanciful' names for its internal system objects and functions, which tends to put off readers, initially, but the author believes they are absolutely fundamental to quickly grasping the system's complex concepts)

IMPORTANT INITIAL NOTE: This issue does not ultimately put the platform at any real risk, but will require more MKR to be put into changing the rate than one might have guessed, initially.

*explanation of the voting system overall*

When the MakerDAO governance polling system signals for a Stability Fee change, it does not automatically change the official rate in the system.  Instead, the rate outcome from the poll is crafted into a `spell`, which is a contract deployed to the blockchain that, when `cast`, will do the magic necessary to update the system to the new rate.
	Continuous Voting and the peculiarities of the 7/26 Executive Stability Fee Vote

	(Note, the Maker system uses 'fanciful' names for its internal system objects and functions, which tends to put off readers, initially, but the author believes they are absolutely fundamental to quickly grasping the system's complex concepts)

	IMPORTANT INITIAL NOTE: This issue does not ultimately put the platform at any real risk, but will require more MKR to be put into changing the rate than one might have guessed, initially.

	explanation of the voting system overall

	When the MakerDAO governance polling system signals for a Stability Fee change, it does not automatically change the official rate in the system. Instead, the rate outcome from the poll is crafted into a `spell`, which is a contract deployed to the blockchain that, when `cast`, will do the magic necessary to update the system to the new rate.