Forum at a Glance: November 11 - 18

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

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

Three-Point Summary

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

ICYMI - Announcements

Governance Over the Winter Break - 2021/2022 - With winter holidays around the corner, LongForWisdom shares the Weekly Governance Cycles for the next two months. For the weeks of December 20th and 27th, there will be neither weekly polls, executive proposals, or Governance and Risk calls happening. Normal coverage resumes on January 10th, 2022.

Intangible Asset Agreed Modification of Management - 2021-11-15 - GovAlpha published the first Interim Intangible Asset Assignment; they are requesting management access to the governance manual on and Github so that they can host governance-focused documentation to aid in the governance of the Maker Protocol.

Introducing the CU Budget Transparency Map - The SES Core Unit shares a diagram that overviews each Core Unit’s MIP40, which they call the MIP Map. Their intended purpose is to create an interactive tool to explore all budgets structures used in the DAO. Anyone interested in CU budgets will find it easier to compare, contrast, and explore transactions by engaging with this tool.

Chaos Labs joins SES Incubation Program - SES announces Chaos Labs, a cloud security and testing platform for smart contract applications, has recently joined the SES incubation program to form a Core Unit focused on testing infrastructure.

DAI Supply Growth and Risk Metrics - Risk Core Unit present a sample report on valuable DAI Supply growth and risk metrics. This information is meant to support the KPI framework presented by @Aes in the Monthly Strategy Review. Metrics from the report will be soon integrated into the Risk’s dashboard for open access to the community.

Nebraska Financial Innovation Act - @omahalawyer presents an article explaining how the recent Nebraska Financial Innovation Act (“NFIA”)(LB 649, 2021) places Nebraska at the forefront of cryptocurrency banking, finance, and securitization. It permits digital asset depositories will be authorized to lend and borrow cryptocurrency and take digital assets as collateral, provide cryptocurrency payment services, issue stablecoins (cryptocurrency pegged to the U.S. Dollar via collateral, algorithms, or reserve assets such as the cryptocurrencies DAI, USDC, and USDP), and hold stablecoin deposits at an FDIC-insured financial institution, and become a member of the federal reserve. Check out the post for even more information.

Audits, Assessments, and Other Reviews

: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 is going on? You think what?! You are 100% wrong, and here is why…’

[Consultation Poll] Centrifuge Global Debt Ceiling Cap - With recent discussions in the community regarding existing Centrifuge legal structures, Centrifuge has expressed its willingness and commitment to becoming an “arranger” and upgrading its structuring framework to accommodate Maker token-holder requirements. @williamr proposes a Global Debt Ceiling and asks the community whether and how it should be implemented for CFG.

[Brainstorm] Immunefi Security Topics - Development of the upcoming Immunefi Security Core Unit has @psychonaut leading a brainstorm on potential security topics that may be of interest to the Maker community. He asks what questions would the community like to see addressed by a security professional.

Recurring Strategy Reviews - Next Steps & Key Focus Areas (Poll) - Following up on the Strategy Process Review call last month, @Aes moves forward by proposing to vote as a community on the three to five most important Strategic Focus Areas. Real-World Finance Core Unit team present as a poll their own opinion for three Strategic Focus Areas and ask the community whether there are other areas we should also focus on.

Improving governance participation rate at MakerDAO - @0xdeniz from the DUX Core Unit take a deep exploration into our low governance participate rate; they highlight several problems and their potential causes. They provide a list of potential solutions across multiple horizons and push for community discussion and feedback to help initiate improvements in low Governance participation.

Seeking Consensus

‘Yo, do you even signal?’

Increasing the Surplus Buffer (2021-11) - Signal Closes November 19th - @ultraschuppi is signaling to the community in request to increase the Surplus Buffer. He asks the community where we want to set the Surplus Buffer and keep burning some profits.

New vault-type for WBTC with a higher LR - Signal Closes November 19th - DAI minted from WBTC has recently been increasingly popular with the amount of DAI being tripled within the last month. A large market downturn on WBTC vaults running with a higher Liquidation Ratio is less likely to undergo liquidations, resulting in a loss for the protocol and the vault owner. In response, @ultraschuppi signals to the community, asking whether we should add a new WBTC-based vault type with a higher LR.

Burn Baby Burn! [Burn The MKR Treasury] - Signal Closes November 26th - @aburban90 asks the community to burn half of MKR in the treasury and use the remainder to vest Core Units.

Should We Mint New MKR for Protocol Expenses or Fund Them With MKR from the MakerDAO Treasury? - Signal Closes November 27th - There is no clear indication about what should be the source of the MKR used for future expenses. @mkrorbkr presents two options: Use MKR from the MakerDAO Treasury or Mint new MKR using the PauseProxy.

Adjusting Dust Parameter (2021-4) - Signal Closes November 25th - With gas and ETH prices continuing to go up, our dust limits offer less protection against losses. In response, @monet-supply proposes whether we should increase dust limits for all Vault types.

One-time Payment to COM-001 to Cover Missing DssVest Funds - Signal Closes November 26th - The original DSSVest stream for the Governance Communications Core Unit was configured incorrectly, resulting in an unclaimed 39,300 Dai. Initially, the team believed they could slide through their 4-month stream period using the buffer and other savings. However, legal services and additional expenses recently arose, which pushed @Davidutro to formally ask the community whether they support a one-off governance request for a one-time payment of 27,058.33 Dai.

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 - It will be fun, I promise.


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

1 Like

This topic was automatically closed 14 days after the last reply. New replies are no longer allowed.