Forum at a Glance: December 2 - 9, 2021

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?’

ICYMI - Announcements

Delegate Round-up - November 2021 - GovAlpha published November’s Delegate Roundup, which aims to provide an overview of the Recognized Delegates operating within Maker Governance and serve as a one-stop forum post where the Maker Community can monitor how Recognized Delegates are performing.

Starknet wormhole implementation details - Starknet Engineering posted their wormhole implementation details to provide more context to their sub proposal MIP40c3 which proposes a budget extension to implement the wormhole design put forward by the PECU. It includes building necessary components to enable L2->L1 fast withdrawal and L2<>L2 teleportation. Starknet plans for deliveries in April and July 2022.

Borrowers concentration analysis - Borrower concentration at MakerDAO has increased over time with now more than $5.5B of crypto-backed loans. An analysis post by @SebVentures presents the value of having closer relationships with key customers similar to Institutional Vaults. Efforts to diversify our borrower base should continue to limit single customer actions from significantly impacting our balance sheet.

Decision to Delay Today’s Executive till Monday 6th - PECU decided to delay the December 3rd executive due to extra time required for running tests, doing code reviews, and coordinating the onboarding of the Collateral Engineering Services Team into the spell writing process. The executive opened December 6th and executed today, December 9th.

SAS-001 Roadmap, Contact and Links - Sidestream Auction Services post a short roadmap along with provided contact and links for their Core Unit.

Data Insights Core Unit contact info - Data Insights provide their contact info. They still have an open position for a Frontend Developer and are working with the Talent CU on recruiting the best candidate.

Reviews and Evaluation Reports

Untangled Finance - Collateral Onboarding Risk Evaluation

B.Protocol v2 Integration : technical review

:wave:Looking for more posts and updates?
Check out the weekly updates and summaries from our teams and Core Units.

Check out the monthly Financial Reports here.

Active Discussions

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

MIP41c5-SP3: Facilitator Offboarding (MKT-001) - @Deimos published a sub proposal to offboard the current Facilitator of the Content Production Core Unit and specifies his reasoning behind the decision. There hasn’t been much discussion on the thread as of yet.

MATIC Debt Increase Proposal for Last Executive of 2021 - Risk proposes increasing the MATIC-A debt ceiling to 35M Dai and decreasing the current gap to 10M Dai.
This proposal passed on-chain and will be in this year’s final executive on December 10th.

Product Discussion: Curve Pool Collaterals - Data presented by Risk shows that there is strong demand to borrow against Curve LP collateral, including USD, BTC, and tricrypto pools. @monet-supply submits a post going over options for onboarding Curve LPs as collateral, including information about user demand, competition, and risk.

[Informal Poll] Smooth Burn Proposal - To burn or not to burn? @Spidomo asks the community whether we would like to have a set of conditions allowing to kick off a surplus action and, in effect, massively smoothing out the timing of MKR burn.

Seeking Consensus

‘Yo, do you even signal?’

Should Maker Prioritize Onboarding A Compound D3M? - Signal Closes December 17th - @GFXlabs, in consultation with the Growth Core Unit and prominent Compound community members, is signaling to prioritize onboarding a D3M for the Compound Dai market in hopes to grow revenue, diversify counterparty risk, and demonstrate that MakerDAO does not favor Aave.

Should We Introduce a Performance Modifier to the Delegate Compensation Trial? - Signal Closes December 10th - The GovAlpha Core Unit would like to propose a change to the cut-off value for delegate compensation. They introduce a Performance Modifier which will result in a reduced amount of compensation at lower levels of metric, and ask whether we should introduce a performance modifier to the Delegate Compensation Trial.

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.

Where to Find Opportunities at MakerDAO - Looking for job opportunities at MakerDAO? Perfect! @Davidutro set up a thread containing resources to help find available job listing and hiring practices. If anybody has additional information on unique hiring practices or job listings, please comment on the thread.

: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.

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

Feedback Survey

Please, check out the Forum at a Glance feedback survey to help us improve and scale these reviews.


The video version is now available on the MakerDAO Youtube channel:

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