6 POLLS - ENDING NOV 18 2021 16:00 UTC
Local Liquidation Limit Adjustments for ETH-A, ETH-B, ETH-C, WBTC-A and WSTETH-A - November 15, 2021
Voted, “Yes” on the recommendation of the Risk CU and their analysis on how these adjustments will shorten liquidation settlement time.
Rates Proposal - November 15, 2021
Voted, “Yes” as the Parameter Proposal Group has stated, MakerDAO is now the largest holder of WBTC, taking on the most liquidity risk in DeFi. Its also interesting to see providers like Coinlist recently announce that wrapped BTC will have lower fees for those looking to onboard their Bitcoin into the DeFi realm. We expect to see WBTC scale more aggressively.
Offboard the AAVE-A, COMP-A, BAL-A Vault Types - November 15, 2021
Voted “Yes” to All three (3) as they lack demand. BAL is mostly used within the Balancer protocol (BAL/WETH pool currently pays 22% APR), and both AAVE and COMP were never able to gain traction in the Maker Vault realm, as end-users prefer to use both token types within their respected protocols.
Change of Covenants for P1-DROP (Peoples Company Series 1) - November 15, 2021
Voted, “No” as we will wait for the legal structure and Centrifuge Arranger model for the Benefit of MakerDAO, or as requested–MKR owners can approve the proposal to cap any existing pools at a debt ceiling of $20M each. We ask @mamoore930 to take up @williamr suggestion of a live-session and ask that you please resubmit this request when the right approach and structures are worked-out. We are fully committed and supportive of America’s Heartland.
4 POLLS - ENDING NOV 22 2021 16:00 UTC
Ratification Poll for Adding Sidestream Auction Services Core Unit, SAS-001 - November 8, 2021
Voted, “Yes” – superb and impressive Team that we believe will create a magical product for auctions services. They have arrived in Maker land with a lot of experience, and we believe this CU will help with improving customer satisfaction (vault owners). More importantly this CU will be strongly focused on creating healthy liquidations. And as we All know, a healthy auction mechanisms is important for both today’s collateral types and tomorrow’s. Looking forward to the “fire drills”.
Ratification Poll for Supplement to Collateral Onboarding Application (MIP6c3-SP1) - November 8, 2021
Voted, “Yes” as this RWA MIP6 application was probably needed yesterday. Not all collateral types are created equal. We expected more iterations of the RWA MIP6 application in the near future.
Ratification Poll for the Immunefi Security Core Unit (IS-001) - November 8, 2021
Voted “Yes” to one of the most wanted and the leading DeFi bug bounty platform. Together with our community’s very own Deputy Facilitator @psychonaut – we believe this CU will help MakerDAO incentivize a bug bounty program that will help remove security risk and provide comprehensive security services. LFG Josh!
Ratification Poll for Adding the Deco Fixed Rate Core Unit (DECO-001) - November 8, 2021
Voted, “Yes” – we believe Deco works for the benefit of MakerDAO–it is a native product that belongs to Maker Governance–and Maker Governance can direct who will be the user-base. You couple that with the fact that Deco’s contracts are designed to play well in the Maker sandbox and the fact the funding structure will be reimbursed by Deco, along with the experience of the Team–we believe Deco is a MakerDAO Core Unit that should be onboarded.