Maker Relay #59
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👓 Here’s the breakdown:
Current Events 🍵 | This Week in Governance 🗳️ | Team Updates 📋
Mark your Calendar 📆 | Useful Links ⚓ | Have Feedback? 🎙️
Current Events 🍵
August 6 Executive Finally Passes
The previous executive, posted on August 6, has passed as of August 22, at 21:24 UTC. Though the weekend was minorly stressful, passing this executive frees up room for this week’s significant changes, detailed below.
On-Chain Securitization Roadmap / New Silver audit
This roadmap provides actionable items that aim to establish a more secure on-chain securitization mechanism. This will help the New Silver and Tinlake teams to build a more robust system for managing the regulatory aspects of Real-World Finance.
The main points of the roadmap include:
Improving our securitization partners with the help of notable law firms
Increasing our internal expertise by adding talent
Partnering with other institutional investors like JST Capital
A New Delegate Enters the Room
Longstanding community member @Makerman has thrown his hat in the ring to become a Recognised Delegate and published his Delegate Platform. Stated priorities include:
Stakeholder Recognition - Micro to Macrocosm. People are important, too.
Secure, sustainable, and scalable systems.
Importance of data analytics to goal achievement and problem-solving.
US mortgage lender, UWM Holdings Corp’s (NYSE: UWMC), to accept Crypto
@Spidomo reaches out to the community to make everyone aware that UWM Holdings Corp will begin accepting Bitcoin and are looking to accept ETH and other tokens as well.
This Week in Governance 🗳️
MIPs
Active Executive Votes
Vault Onboarding, 6s Updates, and Reducing Vault Liquidation Ratios - August 20, 2021
If this executive proposal passes, the following changes will occur:
Debt Ceiling for 6s Capital (RWA-001) will be increased from 1,000 DAI to 15 million DAI and the Broker-Dealer address updated.
MATIC (Polygon) will be onboarded as the vault type MATIC-A with the following parameters detailed in this poll.
PSM-USDC-A Fee-In (tin) will be increased from 0.1% to 0.2%.
PAX Peg Stability Module will be onboarded as the vault type PSM-PAX-A with the following parameters:
Fee In (
tin
): 0.1%.Fee Out (
tout
): 0%.Debt Ceiling (
line
): 50 million DAI.
The following Liquidation Ratios will be decreased:
Active Governance Polls
There are currently no active governance polls.
Community Greenlight Polls
CGFF-DROP (Cauris Global Fintech Fund DROP)
NCP01-DROP (Nebula Capital Partners DROP)
CNC1-DROP (CapitalNow Cannabis DROP)
Check out an ‘at-a-glance’ view of the 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 📆
Governance & Risk
Join Link | Agenda - Thursdays at 16:00 UTC
Meet Your Delegate #4 | MakerMan
Join Link | Agenda - Wednesday, August 25 at 19:00 UTC
[AMA] DAO Politics with Recognised Delegate @Planet_X
Join Link | Agenda - Friday, August 27 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.