Maker Relay #60
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 🍵
Vote Delegation Ramps Up, Compensation Proposed Comment
MKR holders began delegating their MKR to MakerDAO’s Recognised and Shadow delegates over the past couple of weeks. More than 60,000 MKR tokens have now been delegated.
Recognized Delegate @twblack88 made an informal poll to explore issues around compensation for Recognised and/or Shadow delegates by inquiring about time commitments, whether compensation is appropriate, how much compensation is appropriate, and which delegates should receive compensation.
@Spidomo questions whether compensating delegates would result in scrutiny from regulators by creating a separate poll.
@Makerman suggests improvements to MakerDAO’s vote delegation system.
Introducing the PAX Peg Stability Module (PSM)
Last week’s executive vote has successfully passed and onboarded the PSM-PAX-A Vault on Friday, August 27, 2021.
This vault will allow users to swap DAI for PAX tokens and visa versa, which gives people a chance to take advantage of arbitrage opportunities and help Dai maintain its peg.
Assessing Real-World Asset (RWA) Structure
@christiancdpetersen posted a comparison of RWA Legal Structures.
@SebVentures posted an audit of New Silver, including a road-map for the improvement of on-chain securitization.
@PaperImperium has posted a proposal to reform MakerDAO’s Real-World Asset program. This proposal ultimately suggests splitting the Real-World Finance Core Unit into two separate Core Units, geared towards business function and risk analysis.
This Week in Governance 🗳️
MIPs
We’re currently going through a gap week; there are no significant Governance events planned for this week.
Active Executive Votes
There is no active executive vote for this week.
Active Governance Polls
Lower the Flash Mint Fee (toll) to 0%
Add RWA007 (SolarX) as a new RWA Vault Type
Vote | Application | RWF Evaluation | PE Evaluation | Oracles Evaluation
Community Greenlight Polls
There are no community greenlight polls for this week.
Check out an ‘at-a-glance’ view of the current Vault types and their parameters on MakerBurn
Active Signal Requests
[Signal Request] Nexo Institutional Vault - @Nadia requests feedback from the community on the Nexo Institutional Vault and its terms. This Institutional Vault offering comes as a response to the newly originated working group created by the Growth, Risk, Protocol Engineering, Real World Finance Core Units, and Nexo.
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
Core Unit Launch Pod Sessions ||| Session #15: StarkNet Engineering Core Unit SNE-001
Join Link | Agenda - Wednesday, Sept 1 at 16:00 UTC
In Case You Missed It
[AMA] DAO Politics with Recognised Delegate @Planet_X | Ep. 07
Collateral Onboarding Call #37: Cauris Global Fintech Fund | Wednesday, August 25 4PM UTC
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.