Parameter Proposal Group as outlined in MIP46.
As real-world assets (RWA) are now live on MakerDAO, it makes sense to help Governance to reduce the RWA-related burden by having a dedicated committee to provide higher-level propositions to MakerDAO Governance.
The RWA risk assessments are quite long (>20 pages) and technical.
The RWA reports are also complex and can necessitate discussions to form an opinion.
The Real-World Finance Core Unit tries to be factual and not give direct answers.
Moreover, going forward, the stability fees (SF) of RWA might need to be changed in response to market rate changes or portfolio compositions. This will lead to many small-level decisions (and low impact for most) that could be heavy to be dealt with by Signal Requests.
Therefore, the RWA Committee would bridge a gap between the low-level informations and the decision by digesting the RWF report and providing an actionable proposal to the MakerDAO Governance. The objectives of the committee are to reduce the governance burden and speed up the process.
- Debt Ceiling for RWA
- Stability Fees for RWA
- Triggering of liquidations due to covenant breach or if DC is set to 0
- Committee opinion regarding RWA collateral onboarding
Informal name: MakerDAO RWA Committee (RWAC)
Current members (and declared conflict of interest) of the RWA Committee are:
- @mrabino1 , significant RWA beneficiary with 6S Capital
- @Akiva , owner of a project on hedge interest rate in DeFi
- @g_dip , has a business to bring RWA to MakerDAO
- @_LS , working at Centrifuge
@roollie , work for NAOS, has a current MIP6 application, as an asset
manager, with PandaCredit and Centrifuge, and is looking forward to future applications.
- @Viktor_Viktorov1 involved in a current MIP6
Conflicts of Interests are stated by each individual by their own judgment. In case something is changing it will be updated in this thread.
The Real-World Finance Core Unit (and any future RWA-related Core Unit) will be participating (if the RWA Committee agreed to) but without having a say in the committee proposal.
The committee is going to meet at least once a month and publish a note and proposals regarding its scope in the MakerDAO forum. In case urgent changes are necessary, specific meetings and communication will be done.
The committee will also be consulted on an ongoing basis by the RWA-related Core Unit for RWA-related matters.
This committee is cooperative with other committees on the same scope.