PSM Module
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MakerDAO Community to Set Up Circuit Breaker Mechanism to Improve Emergency Response
On March 13, the MakerDAO community has launched a new proposal to set up a “circuit breaker mechanism” that can quickly disable the PSM module in an emergency without waiting for governance delay. MakerDAO’s new proposal: It is recommended to set a “fusing mechanism” to disable the PSM module immediately in case of emergency Analysis based on this information:The MakerDAO community made a significant announcement on March 13th by proposing to establish a circuit breaker mechanism that could disable the primary supply module(PSM) in a time of emergency without waiting for governance approval. The PSM module is a critical element that maintains the stability of the MakerDAO ecosystem by keeping the DAI stable coin pegged to the value of the US dollar. The MakerDAO team has made this proposal to improve the efficiency of the emergency response system and enable quick resolutions in times of crisis. The circuit breaker mechanism consists of a smart contract that will be designed to…
