Maker Relay Ep. 5

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.


Executive Votes

Quick note for keepers: the current exec will change the flip, flap and 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).

Governance Polls

Meta Parameter Polls

Poll Name Vote Discussion
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
PAX Vote Application
WIV Vote Application
EURS Vote Application
LRC Vote Application
renBTC Vote Application
AMPL Vote Application
HUSD Vote Application
USDT Vote Application
C20 Vote Application
BNT Vote Application
COMP Vote Application

MIPs Updates

The Maker Improvement Proposal (MIPs) Framework provides a clear process for Maker governance to change the Protocol as needed.

This is week 4 of the July governance cycle and tomorrow is a MIP17 working group call. Find more information and the password on Charles’ thread.

Maker Improvement Proposals


Proposals in the Request-For-Comments phase include:

Learn more about Maker Improvement Proposals (MIPs)

Working Groups

Vault Compensation Analysis Team

The group is still looking for more solutions and feedback. @makerman condensed the proposal into three practical poll parameters:

  1. Should compensation group continue to work on this issue?
    1a. Will governance put up an ongoing bounty for work on this?
  2. Allocate Compensation for BT victims: 0M, 1M, 2M, 3M, 4M, 5M DAI.
  3. 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. |



@SamM added csv export to as requested by @andy.mccall. Want to aggregate any historical data that’s not already included? Please open an issue in this repo

Maker Forum Deep Dai-ve

Social Media

Meetings and Events

MakerDAO Open Calls

Community Call

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

Community Events


Reference Links

Discuss and debate Maker governance in the Forum and over Maker Chat

Propose technical changes, poll, and vote in the Governance Portal

Learn more about the Maker protocol in our Documentation

Have Feedback?

We value your input! Post in the forum, take our survey, or join us in the Community-Development channel to let us know what you want to see.

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.

1 Like

Suggestion: add ongoing signal requests?


Nice (and thank you for idea), would that be best as part of that table of votes?


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