Maker Relay Episode 3

Maker Relay 03


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.

Governance

Governance and Risk had their 100th Episode Thursday!

This positive note was worth sharing:

“I thought I’d mention that this is such an amazing project, we’re at the 100th governance call, and we’re discussing a coveted good problem to have, which is that there’s a ton of demand for Dai. Not just from COMP, but from all over the market. And most startups, most companies, would die (Dai) to be in this position, no pun intended. Or maybe pun intended. I just wanted to call out and I know that we have hard decisions to make, and it’s going to be difficult to figure out how we scale, but this is the right set of circumstances that we want to grow this project. It’s exciting to be here. It’s exciting to be with you guys.”

@cmooney

Executive

  • No current Executive Vote

Polls

  • Vault Compensation Plan - Approval of this poll moves forward with the other votes laid out in the plan.
  • Base Rate Poll - The base stability fee rate for all collateral types. Options: -4% to 4%

Inclusion Polls

Collateral Inclusion

Want to refresh your voting knowledge? Check out community development’s voter onboarding guide!

MIPs Updates

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

Request-For-Comments:
Subproposal

Learn more about Maker Improvement Proposals (MIPs)

Domain Teams

Risk, Smart Contracts, and Oracles all contributed to the MIP12c2 Domain work for MANA. :confetti_ball:

Smart Contracts

Oracles

  • 25 feeds so far (assuming Argent is verified)
  • Creating a proposal to set quorum about the ideal number of feeds.
  • MIP10 hasn’t been refactored yet, so the weekly cycle keeps new collateral moving swiftly.

Risk

Peg Stability Module

  • Wouter’s presentation, from the Governance and Risk call, covered mechanics and motivations for a Peg Stability Module.

Working Groups

Vault Compensation Analysis Team

State of the Peg

  • DAI continues to trade above peg, check out the sections above for information about mitigating price issues. There are several peg solutions on the horizon up for debate.

  • Dai supply at $195 million. Significant increase in ETH-A 200 and 250% Collateralization ratio buckets.

  • Volume at around $30.6 million this last week.
  • Average VWAP price places Dai at $ 1.016

https://daistats.com/#/ | http://dai.descipher.io/

Community

Articles

Maker Forum Deep Dai-ve

Social Media


Link to Tweet

Meetings and Events

MakerDAO Open Calls

Community Call

Community Collateral Onboarding

  • Wednesdays at 17:50 UTC | Zoom - Message #governance-and-risk in Maker Chat for password

Governance & Risk

Community Events

Hackathons

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 does and 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.

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@twblack88
Forum banner still points to episode 2.

1 Like

Fixed, thanks!

Thank you! @jernejml thanks for catching.