Governance at a Glance 2021/01/14

Governance at a Glance!

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

Links reflect my view of the most noteworthy activity in the governance, risk and oracles categories right now. Disagree? Think something should be added? Leave a reply or a pm. Updated 2021/01/14

Three Point Summary

‘What do I need to know as an MKR Holder this week?’

  • This week’s market volatility brought some liquidations, with total DAI supply falling off an ATH to 1.4B
  • Demand for the PSM brings the new vault type to its DC, with plenty of room still available for legacy USDC-A vaults
  • The DAI VWAP for last week was very strong, with most trades between $0.999-1.002

Active Discussions

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

[Discussion] Adjusting the BOX Parameter- New @OneBiteLawnOrder brings a valuable discussion surrounding increasing the BOX Parameter given the large DC of ETH vaults.

What happens if DAI loses it’s peg and goes to $2 for example?- New @BlueCat questions how the system protocol react to a severe swing in DAI price.

[Informal Poll] Creating a Bite-Rebate Contract for Keepers Acting on Small Vaults- New @prose11 (that’s me!) brings a poll for an idea by @yaronvel who provided some preliminary code that could rebate the gas fees incurred by calling “bite” on smaller vaults.

Seeking Consensus

‘Yo, do you even signal?’

[Signal Request] Increasing Dust Parameter- Signal Ends Soon! @monet-supply signals an increase to the Dust Parameter (minimum DAI debt) in light of high gas prices discouraging keepers from calling “bite” on smaller vaults.

[Signal Request] Debt Ceiling Adjustments, 11th Jan 2021- Signal Ends Soon! @Primoz signals new Debt Ceilings in light of some recent Signal Requests and evolving risk management.

[Signal Request] Rolling out the Debt Ceiling Instant Access Module (DC-IAM)- Signal Ends Soon! @LongForWisdom signals rolling out DC-IAM for current and future vaults given the passing of MIP27.

[Signal Request] Interim DAO Operating Budget- Signal Continues @hexonaut proposes an interim budget for the Autonomous MakerDAO working Group to cover expenses such as the audit for the first PSM. Polling ends 2021/01/19

Ongoing Initiatives

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

:mega: Collateral Calls - Calling all Projects! @juanjuan 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 - @Davidutro brings the latest update on the world of MIPs.

MakerDAO Standard Governance Processes - @LongForWisdom writes a brief overview of the currently operating governance processes in the Maker community. Confused between Signals, Declarations and MIPs? Look no further.

The Official Welcome Thread - A welcome and introductions thread. Not strictly speaking 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: Risk Domain Monitoring Tools - @Primoz puts out a call for additional support to produce monitoring tools for the risk team. Grants are available.

Wanted: Join the Summary Team - @Davidutro asks for anyone interested in producing call summaries get in touch. Grants available.

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

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