[Agenda/Discussion] Scientific Governance and Risk #145 - Thursday, June 10 17:00 UTC

Agenda

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2021-06-10T17:00:00Z

Introduction

  • @prose11: Hosting, Introduction, Agenda.

Weekly Updates

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Segments

  • Formal Submission Review
  • Discussion on UNIV2DAIUSDC-A Changes

Discussions and General Q&A

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Comment Reserved for Call Summary

G&R #145 Snippet

Domain team updates, Collateral Onboarding, active discussions, and more. All the updates from MakerDAO Governance and Risk Call # in this snippet.

Team Updates

GovAlpha

Protocol Engineering

  • Rates Group Changes coming for this week’s Executive.
  • Centrifuge assets might be pushed back a bit to consider Debt Ceiling sizes following some audits.
  • DSSProxy actions received changes to support Sushi LP tokens.
  • Continuing to work on Sushi Adapter, waiting on MasterChef v2.
  • Tidying up DSSVest, the module for distributing MKR to teams.
  • D3M Discussions ongoing with Aave, starting to think about the different cases around that, including Emergency Shutdown.
  • Vote Delegation is completed, currently passing RPC tests, with an audit completed by ABDK.
  • DSS-Flash-Mint module is getting code finalized.
  • Reference Keeper Bot published, we intend to keep it up to date.
  • Admin stuff; We transferred audits and tooling agreements from the Foundation to the DAO.
  • We’ve been evaluating stETH and its implications.
  • Lots of L2 work is happening. We’ve been talking to every L2 provider in the space about what it would look like for MakerDAO to be there.

Oracles

  • Oracle Core Unit MIPs in Formal Submission for June!
  • Bunch of whitelisting polls for Yearn access to Oracles.
  • We want to move ahead with a proposal to give the Oracles Core Unit special permissions around Oracle whitelisting.
  • Lots of talks around staked ETH. stETH is hard to make a reliable Oracle for since there is only liquidity in the Curve pool.
  • We recommend that UNIV2DAIUSDC CR shouldn’t be set lower than 102%
  • We are leaving Liquidations off on UNIV2DAIUSDC.

Risk

  • We are finishing the last two evaluations for SUSHI.
  • Next potential collateral onboardings are being discussed; we will be focused on stETH, D3M implementation, and Polygon collateral.
  • D3M risk evaluation will require more attention than regular collateral onboarding.
  • Adding new metrics to our risk dashboard. Auctions metrics are coming soon!
  • We are deploying a simulator to simulate losses for Maker loans based on parameters picked.

Real-World Finance

Growth

  • Miami had many meetings. Aave Pro to understand different DAI pools. Celsius, too for institutional vaults and their token. It could work with E3M implementation.
  • See all in the Weekly update

Sustainable Ecosystem Scaling

  • Project Dogfood moving ahead, this is a project that helps other Core Units get set up.
  • Discussing three potential future Core Units.
  • SES portal coming soon!
  • Incubation Program Updates
    • dTalent Core Unit is live.
    • DUX Core Unit on its way.

Content

  • Bi-Weekly update
  • Main focus for this week was hiring, focusing on writers and video producers.
  • The vote for the MakerDAO Mascot was a tie between dragon and capybara. We are creating an art contest as the next step.

MIPs

Core Unit Focused submissions

Other Presentations and Updates

  • A forum member added a Gov-Alpha budget modification; this is a new situation for core units to explore.
  • Executive copy will reflect the adjustment of the UNIV2DAIUSDC vault CR. Reach out to the Governance team if you have any problems with the parameter adjustment.
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