Maker Governance Review: January 2021

The Maker Governance Review is a monthly recap of all Governance activity, from Governance blog posts and polling/voting history to Governance Cycle progress. Each review is written to keep the Maker community informed of Governance developments.

Top Governance News

In January, Governance officially onboarded UNI-V2-WBTC-ETH and UNI-V2-USDC-ETH as new collateral types to the Maker Protocol. Additionally, an Executive Vote approved the January 2021 Governance Cycle Bundle that officially onboarded three new facilitators to Risk, Smart Contracts, and Operational Support Domains.

January’s Governance Polls and Executive Votes

Governance Cycle Updates

Key Outcomes of the Eighth Governance Cycle

The Eighth Governance Cycle began on January 4 and ended on January 29. The January 2021 MIPs Executive Vote, which was posted on Monday, January 25 and passed on January 28, included:

MIPs:

Subproposals:

This Monthly Cycle Bundle included a declaration of intent from a working group to form a Governance Communications Domain with the mandate to create and maintain a communication system between the DAO, the DeFi community, and the public. It also ratified @SebVentures, @hexonaut and @juan as facilitators of Risk, Smart Contracts, and Operational Support Domains.

MIPs in Progress

There are 18 proposals currently in the Request for Comments (RFC) phase. This means it is now time for the Maker community to provide feedback on each or request changes from the Proposal Authors.

Collateral Onboarding Community Greenlight Polls

Community Greenlight Polls are Governance polls that are specific to gauging community sentiment for collateral onboarding. Specifically, Greenlight Polls allow MKR token holders to inform the Domain Teams (Risk, Smart Contracts, and Oracles) of their preferences for collateral types that have been proposed through Collateral Onboarding Applications. These polls run for a period of two weeks, starting the third week of the Governance Cycle. Check the progress of all proposed collateral types in the Collateral Status Index.

While Domain Teams are free to choose their workloads, it is important to gather the opinions of MKR token holders before the full domain work takes place, as a matter of efficiency.

January’s Greenlight Polls ended on February 1, with the following results:

Ten collateral types were considered and subsequently greenlit by the community.

What’s Ahead?

Formal submission for February Governance Cycle begins today, February 1, and ends Wednesday, February 3, EOD UTC. Some notable MIPs in the RFC Phase to look out for this month are part of the Road to DAO: the Core Unit Operating Model, a MIP set that includes:

Keep an eye out for the Weekly MIPs Update, typically posted in the Maker Forum on Sundays or Mondays. The update summarizes the most recent events in the world of MIPs, the previous week’s activity, what to expect from the current week, and what’s on the agenda for the next week. It also covers updates with respect to Governance polls and votes, collateral onboarding, and rate adjustments.

Resources

To stay current on Governance, risk, and community issues, bookmark the MakerDAO Public Events Calendar. Newcomers to Maker might want to review our series of posts on the MakerDAO Governance Risk Framework.

Also, remember to review the Maker Improvement Proposals category in the Maker Forum and visit the #mips rocket.chat channel to discuss topics related to MIPs, the Self-Sustaining MakerDAO Initiative, and long-run Governance.

To learn more about the Governance activities that occur during the Monthly Governance Cycle, see MIP3 for a week-by-week breakdown.

For the most current MIP-related activity, see the official MIPs Github page.

About Maker Improvement Proposals

MIPs support the organic growth that further expands MakerDAO’s self-sustainability by providing the Maker community and all stakeholders with a standard approach to proposing improvements, specifications, and process and state changes to the Maker Protocol and MakerDAO.

Special thanks to @shea for the header image design!

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