Governance at a Glance: Feb. 5 - 11, 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. Updated 2021/02/11

Three Point Summary

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

  • DAI remains in hot demand, with just short of 2B in total DAI supply
  • ETH-A secured its spot on the MakerDAO mantle, as the first vault type to issue over 1B in DAI
  • The Peg remains very strong, with the daily VWAP still hovering at $1.001

ICYMI - Announcements

Active Discussions

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

Pre-MIP discussion: PSM flapper - New @Andy_McCall brings a pre-MIP discussion on using USDC from the PSM to buyback and burn MKR tokens.

Minting New DAI to Offset Lost DAI - New @jeycryptz11 makes the case for minting DAI to offset “lost” DAI sent to contract addresses both as a means of customer support and a way to counteract the deflationary pressure of the lost DAI.

Seeking Consensus

‘Yo, do you even signal?’

IAM-DC Parameters (2): LRC-A, BAT-A, BAL-A, MANA-A, ZRX-A, KNC-A, RENBTC-A - Last Chance to Vote! @primoz puts forward the second round of Debt Ceiling Instant Access Module parameters for new vault types. Voting ends tomorrow, Feb. 12th.

[Signal Request] Adjust ETH-A DC-IAM-line (2021-04) - Signal Extended! @ultraschuppi signals raising the ETH-A debt ceiling for the 4th time in 2021. Signal extended to get more participation, so please vote!

[Signal Request] Initial Flash Mint Module Fee - New! @hexonaut signals community preference on the fee imposed for Flash Minting in anticipation of MIP25: Flash Mint Module.

[Signal Request] Lower PSM-USDC-A tout Parameter - New! @hexonaut signals lowering the tout parameter for the PSM-USDC-A vault type. This change would make it cheaper to exchange DAI for USDC, a trade currently underutilized for the first PSM.

Turn stablecoins DC to 0 - New! - @alexis signals changing the Debt Ceiling to 0 for all non-PSM stablecoin vaults, with options to start with USDC. Polling ends in one week (Feb. 18th)!

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 - @charlesstlouis & @Davidutro bring 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


I just want to say thanks and that these posts are very helpful!

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