Maker Relay #57
Hi everyone, thanks for checking out Maker Relay! Whether you hold MKR or DAI, own a vault, or want to get more involved in governance, this is your one-stop shop for MakerDAO updates.
👓 Here’s the breakdown:
Current Events 🍵 | This Week in Governance 🗳️ | Team Updates 📋
Mark your Calendar 📆 | Useful Links ⚓ | Have Feedback? 🎙️
Current Events 🍵
Fixed-Rate Vault Proposal
Following the discussion proposing to include Institutional and Long-Term Vaults in the Maker Protocol, a proposal has been issued to implement fixed-rate vaults using Deco Protocol.
As the proposal explains, the implementation would enable Vault owners to purchase “a pure-yield token which earns a yield that offsets the entire stability fee on the vault.”
The proposal illustrates how the process works and, if implemented, would join Yield-App in offering fixed interest rates on Dai.
Recognized Delegates begin sharing their views
The first two episodes of Meet Your Delegate (Ep 1 and Ep 2) are now available on the MakerDAO Youtube channel.
Check these out to hear what Frank Cruz, Chris Cameron, Tim Black, and Planet X bring to the table as potential delegates, and keep your eyes out for the 3rd installment with @monet-supply and @inkymaze happening on Wednesday, August 11th.
Several Recognized Delegates have already posted their platforms in the Maker Forum and more will follow soon.
Informal Poll proposes increasing the Surplus Buffer
An informal poll recently posted by Tim Schuppi gauges the sentiment on increasing the Surplus Buffer.
The Surplus Buffer currently sits at 60 million Dai and the protocol has a System Surplus of 50 million Dai, meaning a drop in the market and corresponding wave of liquidations would likely mean fees exceeding the buffer and being sent to FLAP auctions to burn MKR.
Raising the fees would make room for more MKR in the Surplus Buffer and lower the chance of extra MKR being burned.
So far, the sentiment is mixed so head to the forum to weigh in!
This Week in Governance 🗳️
MIPs
Ratification Polls for formally submitted proposals went live Monday, August 9, 16:00 UTC and will run for two weeks until Monday, August 23.
Active Executive Votes
MOMC Proposal, August Core Unit Budgets, Housekeeping - August 6, 2021
If this proposal passes, the following changes will occur:
DAI will be distributed to the Core Units as specified within their ratified budget proposals, and the following parameter changes would occur:
The ETH-B Stability Fee will be decreased from 6% to 5%.
The LRC-A Maximum Debt Ceiling will be decreased from 3 million DAI to 1 million DAI.
The UNIV2-ETH USDT-A Maximum Debt Ceiling will be decreased from 10 million DAI to zero DAI.
The UNIV2-DAI-USDT-A Maximum Debt Ceiling will be decreased from 10 million DAI to zero DAI.
And the UNIV2-DAI-USDC-A Maximum Debt Ceiling will be increased from 50 million DAI to 250 million DAI.
Active Governance Polls
There are no active Governance polls at the time of writing.
Active Signal Requests
Last Week
There are no active signal requests at the time of writing.
Community Greenlight Polls
Collateral: RWA-120dB (120dB Films)
MIP9 Poll: Vote ends 07/01 16:00 UTC
MIP6 Application": Application
Check out an “at-a-glance" view of current Vault types and their parameters on MakerBurn.
Team Updates 📋
Core Unit Office Hours
Join Link | GovAlpha - Mondays 17:00 UTC
Join Link | Protocol Engineering - Tuesdays 15:00 UTC
Join Link | Content Production - Wednesdays 16:00 UTC
Join Link | Growth - Wednesdays 17:00 UTC
Join Link | Sustainable Ecosystem Scaling - Tuesdays 15:30 UTC
Join Link | Governance Communications - Fridays 18:00 UTC
Mark your Calendar 📆
Know Your MIP #9: MIP13c3-SP11: Onboarding B.Protocol v2 as Collateral
Join Link | MIP Post - Wednesday, August 11th at 15:00 UTC
Collateral Onboarding
Collateral Onboarding Call #35: Nebula
Join Link | Agenda - Wednesday, August 11, 16:00 UTC
Meet Your Delegate #3 - MonetSupply and Gauntlet
Join Link | Forum Post - Wednesday, August 11th at 18:00 UTC
Governance & Risk
Join Link | Agenda - Thursdays at 16:00 UTC
In Case You Missed It
Useful Links ⚓
Forum and Maker Chat
Discuss and debate MakerDAO.
Public Calendar
Subscribe for all public calls, votes, and other reminders.
Participation Tools
Library of useful links for Stakeholders; Protocol analytics, Dai analytics, collateral & liquidation metrics, governance history, and auctions data.
Governance Portal
Voting dashboard for MKR voters.
MIPs Portal
MIPs Dashboard for everyone.
Learning Portal and Technical Documentation Portal
Learn more about the Maker protocol.
Have Feedback? 🎙️
We value your input! Take our survey to let us know what we might be missing or how we can do better.
Disclaimer: This update is assembled by a group of contributing members in the MakerDAO community. This does not serve as financial advice or an inducement to vote in any specific way. This update is purely for information and communication purposes only.