MakerDAO announced through its social media channel that the executive vote has passed to increase the Dai ceiling to 1.2 bln for the purpose of liquidity. The proposal shall be carried out at 7:53 UTC on September 19 and the following changes will occur: 1) To increase the USDC debt ceiling from 200 mln to 400 mln; 2) To lower the USDC liquidation ratio from 103% to 101%; 3) To lower the PAX liquidation ratio from 103% to 101%; 4) To whitelist the new TUSD Implementation, and set the debt ceiling at 50 mln and liquidation ratio at 101%. In addition, the base rate will be increased by 2%.