---
title: Template - [Executive Vote] Out-of-Schedule Executive Vote - Approve LitePSM (LITE-PSM-USDC-A) DAO Resolution - July 04, 2024
summary: Approve DAO Resolution authorizing the actions needed for the setup of Coinbase Prime Web3 Wallet (W3W) and migration from PSM-USDC-A to the new Lightweight Peg Stability Module (LITE-PSM-USDC-A).
date: 2024-07-04T00:00:00.000Z
address: "$spell_address"

---
# [Executive Proposal] Out-of-Schedule Executive Vote - Approve LitePSM (LITE-PSM-USDC-A) DAO Resolution - July 04, 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 LitePSM (LITE-PSM-USDC-A) DAO Resolution will be approved.

Voting for this executive proposal will place your MKR in support of the changes 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 LitePSM (LITE-PSM-USDC-A) DAO Resolution

- **Authorization:** [Forum post](http://forum.makerdao.com/t/coinbase-web3-wallet-legal-overview/24577/2)
- **Proposal:** [Forum post](https://forum.makerdao.com/t/coinbase-web3-wallet-legal-overview/24577)

If this executive proposal passes, the following DAO Resolution authorizing the actions needed for the setup of Coinbase Prime Web3 Wallet (W3W) and migration from `PSM-USDC-A` to the new [Lightweight Peg Stability Module (LITE-PSM-USDC-A)](https://forum.makerdao.com/t/litepsm-lite-psm-usdc-a-introduction-and-overview/24512)) will be approved:

- Approve LitePSM (LITE-PSM-USDC-A) Dao Resolution with IPFS hash [QmX2CnZcsZJtgJUdkpwsAd1bXEaFuxFUaXkqgDkZa79idA](https://ipfs.io/ipfs/QmX2CnZcsZJtgJUdkpwsAd1bXEaFuxFUaXkqgDkZa79idA).

## 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).