Forum at a Glance: November 25 - December 2

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

ACREinvest Delegate Platform - ACREinvest comes forth as a newly recognized delegate. With many years of prior legal experience in derivatives and commodities markets to the world of DeFi, and MakerDAO specifically, ACREinvest’s mission is to help with capital markets and financial content. Join their Meet Your Delegate call coming up on December 8th!

MakerDAO Actual Expenses vs. Budget - October 2021 - October’s update of the monthly Core Unit expenses are here; expenses have decreased for some Core Units, but we onboarded DECO, SAS, and IS-001, which altogether is ~$28.8M in expenses annualized. If including the estimated annual cost of Oracles, the total annualized cash burn rate is ~$44.4M.

SAS-001 Incubation Recap - Milestones and Key Learnings - Sidestream Auction Services Core Unit publishes their incubation recap, which details their incubation experience, why they work on auctions and liquidations, and present a demo of their new Auction UI.

[Nov29’ 21] Post-Mortem: Impaired Poll Voting On Governance Portal - Voting on governance polls was temporarily hindered due to a bug that was triggered by the latest weekly governance polls posted on November 29th. The DUX team deployed a hotfix 53 minutes after the bug was reported and published a post-mortem reviewing the bug origins, analysis, and mitigation steps.

Conclusion to Colby’s DAO Scaling Research: Forum Post #2 - @colby publishes a follow-up post to the previous discussion concerning range poll voting. @colby presents two steps for implementing a range polling strategy, reviews their gas efficiency, provides sample results, and proposes our next steps to take. Check out the post for more data, documents, and information.

Real-World Sandbox: Final Deliverable for Consultation Round - The Real-World Sandbox Team present their final deliverable for community feedback and discussion. The report contains research on credit types and collateral eligibility, setting up a resilient and scalable process, and the next steps.

Chainlog: Improving how we keep track of our deployed contracts - PECU has been working on improving the UI for Chainlog, replacing the previously used Changelog, which is built on web2 and subject to being hacked. Some features cannot be carried over, and some new features will be available. Check out the post for more information.

MIP39c2-SP27 - Adding Financial Strategy Core Unit - MIPs in RFC do not usually land in the Forum at a Glance, but it is very exciting to see the need for a Financial Strategy Core Unit, FS-001, potentially coming to fruition. Authored by @Aes and contributed by @SebVentures, their MIP is worth a read.

wstETH-A Parameters Adjustment - December 1st, 2021 - The Risk, PE, and Oracles Core Units decided to propose a change to a few wstETH-A parameters found in post allowing for larger debt exposure. These changes will be included in the on-chain poll next week if there are no larger community objections.


: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…’

Request For Comment - 2022 AO Improvements Feedback - @prankstr25 announces that the New Silver team would like to participate in and expand efforts on improving how non-blockchain-native companies can better interact and be more transparent with the community. @prankstr25 is asking the community to help provide some ideas and commentary on what would be best for New Silver to focus on.

Proposal Idea - Purchase ETH for Strategic Reserves [Poll] - @Aes from Real-World Finance seeks community feedback on a proposal to purchase additional ETH held by the protocol as strategic reserves to hedge any sustained spikes in ETH price and Gwei. @Aes asks the community whether the DAO should purchase ETH as strategic reserves to hedge gas costs? If yes, then how much should be purchased in reserves?

An assessment, first-hand experience, and recommendations from the Aave Offboarding - @richards86 presents an unfortunate first-hand experience through discussing the effects of the current asset offboarding process and offers detailed recommendations to help improve future situations.

BondAppetit: Proposal to create a Standard Vault with a collateral ratio of 100% and a stability fee of 3% - @BondAppetit, a DeFi protocol for business loans, introduce themselves and submit a proposal to create a Standard Vault with a collateral ratio of 100% and a stability fee of 3%, which are roughly the same rates for low-risk bonds.

Seeking Consensus

‘Yo, do you even signal?’

D3M Parameters & Guidance for MOMC - Signal Closes December 9th - As we move ahead with future changes on the parameters for the D3M, @Primoz ask the community on behalf of the MOMC for some guidance on what should be the spread between Aave DAI net borrow cost (incl. rewards) and ETH-A, and what should be the D3M Debt Ceiling.

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?’

[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 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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