Forum at a Glance: November 18 - 25

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

[Nexo Institutional Vault] Collateral Onboarding – Update - @Nadia published an update on the Nexo institutional vault, which already minted its 1.5B DC using only the ETH-A vault. This pushed the Risk, RWF, PECU, and Growth Teams to work on the second version of the Nexo IV proposal, which they will share very soon!

Governance Portal Release v0.2.4 - November 23rd - The DUX Team released the Governance Portal v0.2.4. Many updates were made to the Governance Portal Liquidations Portal UI, and Migrations Portal UI. Featured changes include: improved polling card design, ENS resolving, last voted badges, and more.

JustinCase Delegate Platform - @JustinCase steps in as a recognized delegate and presents his delegate platform to help push profitability, burn, communication, and protocol growth. Check out the Meet Your Delegate episode 7 on YouTube.

Proposed Risk Parameters for WBTC-C Vault Type - With the recent increase of WBTC-A debt exposure and addition of the WBTC-B vault, exposure is likely to increase more. The Risk Team believes we should play things safely and propose a set of risk parameters for the WBTC-C vault.

Aggregating educational resources - asking for community input - The SES Team are building a public table containing educational material for MakerDAO. @Petru_Catana invites everyone to check it out and add any missing material.

Recurring Updates and Information

Parameter Changes Proposal - PPG-OMC-001 - 2021-11-25

: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…’

Improving Clarity Regarding Signal Request Outcomes - The recent discrepancy with votes and outcomes on a signal request pushed for internal discussion. In response, GovAlpha presents suggestions on improving clarity regarding signal request outcomes. They push for further discussion and feedback by the community.

ETHDenver 2022 Planning Update - ETHDenver is coming, and several wonderful people are already helping us prepare. Content Production posted the current situation with funding and planning, which includes a kick-off party and our side event! Let @content-production know if anyone is interested in sponsoring bounties, offering swag, and engaging with attendees and each other.

Proposal: Use the ENS airdrop to subsidize MKR holder onboarding into ENS - @sirverik proposes to use a fraction of the ENS tokens held in the treasury to incentivize holders of MKR to onboard themselves into the ENS space, which can be seen as a rebate on the gas fees to MKR holders who decide to register a Primary ENS name.

Proposal to Increase the D3M DC from 50M to 100M - The Direct Deposit Module has hit its current debt ceiling of 50M. Protocol Engineering and Risk Teams are proposing to increase the D3M DC to 100M. They also propose to keep the gap at 25M and the APR Target Borrow Rate bar at 3.9%.

Ongoing Discussions:

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


Seeking Consensus

‘Yo, do you even signal?’

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.

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 this one-off governance request.

Onboard G-UNI for UniV3’s new 0.01% fee tier - Signal Closes November 25th - @kassandra proposes to onboard a G-UNI DAI / USDC 0.01% fee tier as a Maker Collateral type to help stay competitive. He provides proposed tick ranges and asks the community whether they want to onboard a G-UNI DAI/USDC 0.01% pool.

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.

Offboarding MATIC - Signal Closes November 30th - The MATIC vault is unprofitable unless it will be able to generate around 30M Dai. @NikKunkel formally asks the community whether Governance should offboard the MATIC token as recently done with KNC, COMP, and others.


Ongoing Initiatives

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

[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. What questions would you like to see addressed by a security professional?

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.

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