This was added to tomorrow’s agenda of the Governance and Risk meeting. I am looking forward to discussing this further on the call. Please do join!
RWA Collateral Priority
The prioritization spreadsheet does not seem to accurately reflect the priority of RWAs and perhaps should be revisited. It would be great to get feedback from the domain teams on this and come up with how we could use it better to reflect the focus on RWA as MKR holders voted to see prioritized.
Proposing Centrifuge’s Spell to onboard New Silver
We know that the resources of the smart contracts domain team are stretched thin. To help with that, Centrifuge has been working on a spell with along with tests against mainnet. I am happy to share a first draft with the community here:
The spell deploys the a new collateral type. Using
dapp --rpc we can then deploy this spell against the mainnet deployment of New Silver and Maker and test different scenarios. This takes the state of all relevant Maker contracts live on Ethereum Mainnet and allows us to test these changes against them in an environment that behaves identically to mainnet. With this we are able to show how New Silver will be able to borrow their first loans with DAI minted backed by NS DROP tokens and test other scenarios.
We are expanding coverage of the tests still but the following key test cases are already present:
- Generating DAI from New Silver Loans!
- Repaying DAI
- MIP22 style soft liquidation & hard liquidation and getting liquidated through a liquidation spell by Maker Governance