MIP39c2-SP1: Adding Core Unit (Real-World Finance)

MIP39c2-SP1: Adding Core Unit (Real-World Finance)

Preamble

MIP39c2-SP#: 1
Author(s): Sébastien Derivaux (@SebVentures)
Contributors: N/A
Tags: core-unit, cu-rwf-001, active
Status: Accepted
Date Applied: 2021-01-26
Date Ratified: 2021-25-03

Sentence Summary

MIP39c2-SP1 adds Core Unit RWF-001: Real-World Finance.

Specification

Motivation

  • This Core Unit is designed to pursue Real-World Asset work and more generally helps MakerDAO to take over the traditional finance world.

Core Unit Name

Name: Real-World Finance
ID: RWF-001

Core Unit Mandate

  • The mandate of this Core Unit is to bring real-world finance concepts to MakerDAO; Those concepts encompass but are not limited to:
    • Investing in Real-World Assets (loans, bonds, structured finance, …)
    • Yield curve implications in DeFi
    • Accounting, solvency, and potential regulatory reporting
  • Use real-world finance to produce more yield while keeping our risk appetite low thanks to wider diversification and risk management tools.
  • Be the interface that connects real-world finance with the MakerDAO
  • To achieve this mandate the team will be composed of people from diversified backgrounds but with an emphasis on people having experience in traditional finance concepts.
  • The Maker Governance can interact and prioritize work with the Core Unit by issuing a Signal Request, an informal poll, or any other means. In case of conflicting messages, the Signal Request will take precedence over any other means.
21 Likes
MIP41c4-SP1: Facilitator Onboarding (Real-World Finance)
Weekly MIPs Update #29
🚀 Core Unit Launch Pod Sessions ||| Session #4: Real-world Finance Core Unit, RWF-001
Real-World Finance Core Unit Report - 2021-03
Maker Relay Ep. 37 - en español
Maker Relay Ep 37
Weekly MIPs Update #30
1, 2, 3, Blindspots check! Core Units we need? 🕊
Maker Relay Ep. 35 - en español
Maker Relay Ep 35
Real-World Finance Core Unit Report - 2021-02
Maker Relay Ep. 34 - en español
Maker Relay Ep 34
Weekly MIPs Update #28
Maker Relay Ep. 33 - en español
Maker Relay Ep 33
Weekly MIPs Update #27
[Agenda/Discussion] Scientific Governance and Risk #127 - Thursday, February 4 17:00 UTC
Maker Relay Ep. 32 - en español
Maker Relay Ep 32
Real-World Finance Core Unit Report - 2021-09
Maker Relay Ep 31
G&R Snippets - en español
[Agenda/Discussion] Scientific Governance and Risk #127 - Thursday, February 4 17:00 UTC
Maker Relay Ep. 30 - en español
SourceCred distribution for week ending Jan 31st, 2021
[Agenda/Discussion] Scientific Governance and Risk #126 - Thursday, January 28 17:00 UTC
Real-World Finance Core Unit Report - 2021-01
Maker Relay Ep 30
Weekly MIPs Update #26
G&R Snippets - en español
[Agenda/Discussion] Scientific Governance and Risk #126 - Thursday, January 28 17:00 UTC
Core Units I Wish Existed
Maker Relay Ep. 31- en español
Real-World Finance Core Unit Report - 2021-08
Real-World Finance Core Unit Report - 2021-07
Real-World Finance Core Unit Report - 2021-06
MIP39c2-SP16: Adding Maker Portfolio Core Unit - MPCU-001
Real-World Finance Core Unit Report - 2021-05
[PC-DROP] MIP6 Application: Paperchain DROP: Tokenized Music Streaming Invoices
Real-World Finance Core Unit Report - 2021-04

Just to illustrate the size of the opportunity (need to bump crypto up to $1 trillion):

8 Likes

Since the MIP is the document that people refer to, I think this section could be better detailed in the MIP, even if it is copying and pasting some of the objectives you outlined in your previous post.

1 Like

I’ve formally submitted this proposal for the March governance cycle.

3 Likes

The Defiant made a quite nice video that is quite close to the vision of the Real-World Finance Core Unit. Credit, tranches, structures finance, term loans, … it only lacks a bit of RWA.

4 Likes

Seems like some of these projects have been reading my mind :wink: Money legos is already in action.

Updated to today’s total MC according to Coingecko :wink:

3 Likes