Governance at a Glance: Feb. 19 - 25, 2021

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.

Three Point Summary

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

  • As price of ETH dropped, about $10 million were liquidated in Maker this Tuesday
  • In a turbulent market, the DAI supply didn’t move much in the past week, now sitting at 2.3B
  • DAI’s volume weighted average price (VWAP) was $1.001

ICYMI - Announcements

  • @juan is starting a Core Unit Launch Pod series aimed to inform Maker users on specific Core Units’ proposals, budgets, and executions. First up: Growth Core Unit.

Active Discussions

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

Core Units I wish existed - Ongoing @iammeeoh introduces the idea of a Hiring and Careers Core Unit and @layerzero highlights the tasks of a potential Legal Core Unit.

[Informal Poll] Why deploy on xdai? - Ongoing The discussion is going strong with a number of contributors analyzing the pros and cons of a xDAI-based solution.

[Discussion] EuroDAI - Ongoing Creating a version of DAI pegged to the European Union’s currency? Head here to discuss.


Seeking Consensus

‘Yo, do you even signal?’

[Signal Request] Increase PSM-DC and set Debt Ceiling for USDC-A/B to 0 - New @ultraschuppi advocates to:

  • set the DC for USDC-A and USDC-B to 0
  • stop the lerp to 500M and instead
  • set a new debt ceiling for PSM-USDC

[Signal Request] Adjusting Dust Parameter - New Given the consequences of high gas prices in a declining market, @monet-supply proposes raising the dust parameter.

[Signal Request] Adjust ETH-A DC-IAM-line - New @ultraschuppi proposes raising the line for ETH-A from current 2.5B with voting options up to 15B.


Ongoing Initiatives

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

: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 - @Davidutro and @charlesstlouis bring the latest updates in 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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