Voting Record September 13, 2021
I voted yes to offboard KNC as a collateral type. There are only 4 active vaults with less than 2400 DAI in outstanding debt.
I voted yes to onboard Gelato USDC-DAI as a collateral type. LP of two stablecoins. No reason not to try it.
I voted yes to Adopt the Debt Ceiling Instant Access Module (DC-IAM) for PSM-PAX-A. This is a best practice, and should be implemented.
I voted yes to Ratification Poll for GovAlpha Core Unit Budget Q4 2021 to Q1 2022 (MIP40c3-SP29). Routine budget, no surprises.
I voted yes to Ratification Poll for Risk Core Unit MKR Compensation (MIP40c3-SP25). The instance of “retroactive” MKR should not be considered an endorsement of this approach in the future. I am open to considering it on a case-by-case basis, but am generally opposed to it.
I voted yes to Ratification Poll for Modify Core Unit Budget - Sustainable Ecosystem Scaling (MIP40c3-SP31). Routine budget, no surprises.
I voted yes to Ratification Poll for Collateral Engineering Services Core Unit, CES-001. I will monitor how this CU delivers value in its first few quarters, but want to note that a major reason that I support the concept of this unit is the principle of parallelism within the DAO. At present, there is no alternative reservoir of talent to swiftly move in should PE go dark for legal, financial, or personnel reasons. This CU is an opportunity to build more talent within the DAO that is capable of stepping in for our most basic duties if needed, and as a way to develop more talent that may want to start future CUs or move into existing ones. The service of collateral onboarding is also something that the DAO can use, and an updated, streamlined process would probably be an improvement in the rapidly changing crypto/RWA landscape.
I have abstained from Ratification Poll for StarkNet Engineering Core Unit, SNE-001. I intend to vote yes or no when I have more thoroughly developed opinions. If you care to lobby me privately for/against this CU, please feel free to do so. I am actively soliciting input. Update: I have changed my vote to yes. This is not a large expense with high potential payoff. Even if it results in zero utility for the protocol, the expense is reasonable to take a risk with.
I voted yes to Ratification Poll for Development & UX Core Unit, DUX-001. Their work done while incubated has been good.
I voted yes to Ratification Poll for Strategic Happiness Core Unit, SH-001. This is an inexpensive CU and the facilitator is for the most part working for free. Like SourceCred, it is a good way to get new DAO members to engage with the community until they find something here they are passionate about.
I have abstained from Ratification Poll for RWA Foundations (MIP58). It seems redundant with MIP21, and no reason to introduce superfluous MIPs that could have some unintended consequence down the road – like conflicting with other MIPs. MIP58 is concerned with legal structure and details that should mostly be in the articles of incorporation (or their equivalent) of a legal entity doing business with MakerDAO. If we decide to tweak something in the legal arrangement addressed in MIP58, would we then need to go through a process to amend the MIP first? I’m open to input to change my vote. I am not outright opposed to it at present, it just seems unnecessary and I do not want to introduce something into the system that will prove irritating later.