Maker Relay 05
Hey everyone, thanks for checking out Maker Relay!
Whether you hold Maker (MKR) or DAI, own a vault, or want to get more involved in MakerDAO governance, this is your one-stop-shop for updates on the MakerDAO ecosystem.
- Monthly Governance Cycle Bundle and ETH-A Debt Ceiling increase
- Passed USDC-A liquidation ratio and approve Gitcoin light feed key
Quick note for keepers: the current exec will change the
flop, so be ready to update your software shortly after the spell is cast. A new version will go live in that repo (including new addresses).
Meta Parameter Polls
|Base Rate Adjustment||Vote|
|Adjust the TUSD Debt Ceiling||Vote||Signal Request|
|Adjust the WBTC Debt Ceiling||Vote||Signal Request|
|Add dYdX on ETH/USD Oracle||Vote||MIP10c9-SP5 Proposal|
Community Greenlight Polls
The greenlight polls will close on 2020/08/03 at 0400 UTC
|Collateral||MIP9 Poll||MIP6 Application|
The Maker Improvement Proposal (MIPs) Framework provides a clear process for Maker governance to change the Protocol as needed.
Maker Improvement Proposals
- MIP16: The Weekly Governance Cycle
- MIP18: Meta-Parameter Adjustments
- MIP19: Liquidations System 1.1 Upgrade
- MIP18c4-SP1: Subproposal for Modifying Meta-Parameter Adjustments
- MIP12c2-SP3: Domain Work Requirements for the Onboarding of MANA
Proposals in the Request-For-Comments phase include:
Learn more about Maker Improvement Proposals (MIPs)
Vault Compensation Analysis Team
- Should compensation group continue to work on this issue?
1a. Will governance put up an ongoing bounty for work on this?
- Allocate Compensation for BT victims: 0M, 1M, 2M, 3M, 4M, 5M DAI.
- Does MKR want to proceed with any plan and how much funding will it allocate toward a solution?
State of the Peg
- DAI peg has come down from recent highs of $1.02.
- $283 million total Dai.
- ETH-A vaults are at 99% utility and the debt ceiling raise is hoping to add breathing room.
- Volume at around $141 million this last week.
- Average 7 day VWAP price places Dai at $1.019
- Past 24 hours VWAP is $1.011 with $22 million in volume.
Maker Forum Deep Dai-ve
- Foundation will not develop the PSM
- Collateral Status Index
- Should MakerDAO/DAI run Simultaneously on another Chain?
- Thank you Rich Brown
Meetings and Events
MakerDAO Open Calls
- Tuesdays at 16:00 UTC | Crowdcast
Community Collateral Onboarding
Community Collateral Onboarding Discussion
Wednesdays at 17:50 UTC | Zoom - Message #governance-and-risk in Maker Chat for password
AMA with STASIS CEO Gregory Klumov about EURS Collateral Application
Wednesday Jul 29, 2020 at 15:00 UTC | Zoom - No Password
Governance & Risk
- Thursdays at 16:00 UTC | Zoom
- Jul 30, 2020 The DeFi Roundtable: The Path to Decentralization
- Jul 30, 2020 Governance: What It Means to Blockchain Projects
- Aug 5, 2020 DeFi Conference 2020
Propose technical changes, poll, and vote in the Governance Portal
Learn more about the Maker protocol in our Documentation
Disclaimer: This update is assembled by a group of contributing members in the MakerDAO community. This should not serve as financial advice or an inducement to vote in any specific way. This update is purely for informative and for communications purposes only.