Here are my notes on yesterday’s call around the MIPs process with a focus on collateral onboarding. We’ve uploaded a recording of the call on youtube as well.
The call started off with a discussion around the governance cadence and how these new MIPs will fit into the weekly cycle that governance has. @rune shared details on the schedule proposal: The plan is to have these run in parallel as they have mostly separate concerns (weekly GnR call is to tune system parameters, the MIP6-12 processes is for onboarding collateral). As they are being ratified and become active on May 4th, there will be additional on chain governance polls for MIP8 and MIP12 that will fit into the schedule. Come to think of it, laying out what this looks like on a calendar would be great (I might try to do that this weekend).
MIPs are still in request for comments, there have been changes to some of them. @charlesstlouis is saying: “We made changes to improve clarity, readability; e.g. MIP0, MIP8. We will update changes in the forum threads but hasn’t gotten to all of them yet; Most updated version on GitHub, but we will change organization on the forums a bit.” On MIP7 there was a change to add the active domain teams and who the people on them are.
Timeline for ratification:
- 27th timing vote: Proceed with MIPs or delay
- Governance Ratification Voting Period May 1st - May 4th
- 1st Governance Cycle with begin on May 4th
The goal for mid May should be to have a number of MIP6 proposals published both in the Maker forum and on Github. In an ideal scenario, these proposals cover all major tokens available on SET protocol and Uniswap. Also, applications for real-world assets would be great to add as a signal to startups and other companies that now there is a formalized governance process in place and that there will be a direct response to their application (as opposed to how it took place in the past).
To keep things going, people expressed interest in doing another one of these calls perhaps even on a regular cadence to organize around collateral onboarding. It is important to note that this call should not be any sort of gatekeeper and that the MIPs process via posting on the forum will be the way to submit these proposals. Topics to discuss on the call are more around coordination, collaboration of editing the MIPs/discussing process improvements and sharing learnings. I will tentatively put the first of this call on Wednesday the 13th of May at 10:30am PST/17:30 UTC, one week into the ratification of the process and will post on the forums coming up to the date with an invite and a zoom link.
Please point out any omissions/corrections to this summary and I’ll adjust it.
Call Recording: https://www.youtube.com/watch?v=336RkUuI6hA