Forum at a Glance: August 13th - 19th

Forum at a Glance!

August 13th - August 19th

The one-stop-shop for finding out what’s being discussed by governance right now.

Links reflect my view of the most noteworthy activities in the governance, risk, and oracles categories right now. Disagree? Think something should be added? Leave a reply or a pm.

Three-Point Summary

‘What’s the most relevant information on the forums this week for MKR and Dai holders?’

  • There are currently six recognized delegates and five shadow delegates, creating a total of 10,451.35 MKR delegated.
  • The Risk Core Unit announces their decision to skip the Signal Poll for decreasing liquidation ratios for various vault types; these changes are in this week’s poll.
  • The Growth Core Unit and Bitpay ask the community what they would like to spend their Dai on.

ICYMI - Announcements

@prose11 announces that Governance will be skipping the weekly executive for various reasons provided in the post. In addition, he asks the community for feedback concerning the communication of executive cancelations provided by the GovAlpha Core Unit. The executive for August 20th will contain a bundle of content from both weeks.

@MakerMan announces his Delegate Platform with intentions to help grow MakerDAO into a $1 trillion entity by pushing security, reliability, and transparency of the protocol through both a micro and macro outlook.

@christiancdpetersen from the Real World Finance Core Unit published an assessment of potential structures for the Maker protocol’s adoption of real world assets. It contemplates both the creation of a legal entity engaged with the Maker protocol (the “Governance Avatar”) and a legal entity to be engaged with the real world asset (the “RWA Entity”).

@monkey.irish publishes the Collateral Engineering Services Product Plan for onboarding collaterals, which includes their Product focus, Product and collateral priorities, planning concepts, and Product planning.

@maxglass from RWA Co. introduces the company goals and agreements. He also provides a short description of himself. The RWA Co. concept was initially introduced by @g_dip in this post.

@alec from the Content Production Core Unit published Dai on Different Networks #6, which provides the community an overview of DAI circulating on non-ETH blockchains, layer-2 Rollups, and various bridges.

@Vojtch from ETHbrno is asking the community for some funding to help with expenses for their Ethereum focused Con in Brno, Czech republic. Their goal is to address new users and provide education through informational talks and networking.

@Aes was the first to let us know when DAI outstanding blew through the 6 billion mark. Thanks!


Active Discussions

‘What’s going on? You think what?! You’re 100% wrong, and here’s why…’

[[Executive Vote Request] - Raising 6s’ RWA001-A debt ceiling] - @mrabino1 speaks to the community stating that 6S has fulfilled all of its requirements and is requesting to raise its debt ceiling to the proposed 15MM along with an initial stability fee of 3.00% in the earliest possible executive vote.

Centrifuge: An Update on RWA in DeFi - @spin seeks community feedback and comments on his update for progress by Centrifuge and their priorities going forward.

Decreasing Liquidation Ratios - Proposal - @Primoz from the Risk Core Unit presents the first adjustment proposal along with some analysis backing up the recommendation. This proposal comes on the heels of growing USDC dominance in the collateral portfolio as one approach to increase non-USDC Dai supply.

Continued Discussions:
‘Who said discussions should end after a week!?’

Institutional and Long Term Vaults Proposal - @Derek and the Protocol Engineering Core Unit have put forward a proposal to create Institutional Vaults and Long-Term Vaults through a new mechanism.

Fixed Rate Vaults Proposal With Deco Protocol - @vamsi from Deco Protocol proposes a new product to bring new revenue-generating and user retention feature to MakerDAO Fixed Rate Vaults through the integration of the Deco Protocol. Fixed-Rate Vaults via Deco Protocol offer a solution to volatility in fixed rates and stability fees.


Seeking Consensus

‘Yo, do you even signal?’


Ongoing Initiatives

‘Oh my god, this is taking ages; why can’t things be simple?’

Recognised Delegate Requirements - @LongForWisdom writes a detailed overview of the current requirements and application system to become a delegate in the Maker community. Check out this thread for more posts related to delegation.

:mega: Collateral Calls - Calling all Projects! - @juan sets up a signup thread for projects wishing to present on the bi-weekly collateral call. Know any potential collateral partners that want to present? Refer them here.

Collateral Status Index - Confused about the current status of the various collateral types that have been discussed recently? Check out this post to find out the status and current position of each within the onboarding process.

Weekly MIPs Updates - @blimpa brings the latest updates in the world of MIPs.

The Official Welcome Thread - A welcome and introductions thread. Not strictly governance, but if anyone new or old wants to introduce themselves, now is your chance!


Help Wanted

‘Oh %#$?, we need a doodad, and we need it now.’

Wanted: Governance Contributors for GovAlpha - @LongForWisdom puts out the call for new team members! Different tracks are available depending on interest and time commitment.

Wanted: Risk Domain Monitoring Tools - @Primoz puts out a call for additional support to produce monitoring tools for the risk team. Grants are available.

We could always use help reviewing MIPs in the Request for Comment phase.

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You can check this out in video form: (taken from the Governance and Risk call from Aug 19, 2021)

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