---
title: Template - [Executive Vote] Approve Coinbase Custody (RWA014-A) DAO Resolution - May 06, 2024
summary: Approve Coinbase Custody (RWA014-A) DAO Resolution that extends the Coinbase Custody Rewards Program for six months.
date: 2024-05-06T00:00:00.000Z
address: "$spell_address"

---
# [Executive Proposal] Approve Coinbase Custody (RWA014-A) DAO Resolution - May 06, 2024

The Governance Facilitators, Dewiz, and Sidestream have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol.

If you are new to voting in the Maker Protocol, please see the [voting guide](https://manual.makerdao.com/governance/voting-in-makerdao/on-chain-governance) to learn how voting works.

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## Executive Summary

If this executive proposal passes, the following actions will occur within the Maker Protocol:

- A DAO Resolution pertaining to RWA014-A (Coinbase Custody) will be approved, as detailed below.

**Voting for this executive proposal will place your MKR in support of the actions outlined above.**

Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://manual.makerdao.com/parameter-index/core/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **30 hours**.

If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol.

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## Proposal Details

### Approve Coinbase Custody (RWA014-A) DAO Resolution

- **Authorization:** [Forum post](http://forum.makerdao.com/t/proposal-to-extend-coinbase-custody-rewards/24198/4)
- **Proposal:** [Forum post](https://forum.makerdao.com/t/proposal-to-extend-coinbase-custody-rewards/24198)

If this executive proposal passes, the following DAO Resolution pertaining to [Coinbase Custody (RWA014-A)](https://makerburn.com/#/collateral/RWA014-A) will be approved:

- RWA014-A DAO Resolution with IPFS hash [QmUvqDK4EgGFw6dUqmdhcoZiSBLFuhf2e6k63WwrauRUx9](https://ipfs.io/ipfs/QmUvqDK4EgGFw6dUqmdhcoZiSBLFuhf2e6k63WwrauRUx9).

If approved, this DAO Resolution will extend the Coinbase Custody Rewards (due to terminate on May 14th, 2024) for six months.

## Review

Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting.

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## Resources

Additional information about the Governance process can be found in the [Maker Operational Manual](https://manual.makerdao.com).

To add current and upcoming votes to your calendar, please see the [MakerDAO Governance Calendar](https://manual.makerdao.com/makerdao/calendars/governance-calendar).