Maker Relay | Episode 76
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 🍵
Real-World Finance forecasts 157.8 million in revenue for MakerDAO in 2022
@Aes of the Real-World Finance Core Unit provides a forecast of MakerDAO’s 2021 and rolling 12-month revenue based on the prior average over three months of trading fees, six months of liquidations, and current stability fees.
“We are forecasting to finish 2021 at nearly 13x 2020 FY revenue, the rolling 12-month forecast is even more favorable due to an increase in ETH-A and W-BTC SF rates - if the current market remains stable, we would expect ?$157.8M in revenue next year.”
Sidestream Auction Services launches Twitter bot to provide auction alerts
The Sidestream Auction Services Core Unit released Unified Auctions UI v0.4.0 over the holiday break, a Twitter bot that Tweets whenever a new auction is kicked off and provides a link to participate in the auction.
If you are interested in staying up-to-date on collateral auctions, give it a follow!
Signal Request proposes increasing
Dust parameter on several vaults
UNIV2DAIETH-A, UNIV2USDCETH-A, and UNIV2WBTCDAI-A to 60,000 DAI
UNIV2WBTCETH-A and UNIV2UNIETH-A to 25,000 DAI
If you are not familiar, the
Dust parameter refers to the minimum number of Dai that can be minted using a particular vault type.
The poll runs through Thursday, January 6th, 2022, so get your votes in ASAP!
This Week in Governance 🗳️
Active Executive Votes
Due to the Holiday season, there is currently no active executive vote.
The next executive vote will go live on Friday, January 7th, 2022.
Active Governance Polls
Due to the Holiday season, there are currently no active governance polls.
Check out the active signal requests (below) for more information on potential upcoming governance polls.
Community Greenlight Polls
Due to the Holiday season, there is no new community greenlight polls.
Check out an ‘at-a-glance’ view of the current Vault types and their parameters on MakerBurn
Active Signal Requests
Adjusting Dust Parameter - LP Token Vaults (2021-5) - Signal ends January 6th, 2022 - @monet-supply proposes changes to the
dust parameter of LP token vaults; He asks the community whether they support increasing the
dust parameter for the UNIV2DAIETH-A, UNIV2USDCETH-A, and UNIV2WBTCDAI-A to 60,000 DAI and whether they support increasing the
dust parameter for the UNIV2WBTCETH-A and UNIV2UNIETH-A vaults to 25,000 DAI.
Maker Accessing Pools of Institutional Loans Through Maple Finance - Signal ends January 7th, 2022 - Maple protocol in consultation with @Growth-Core-Unit and @Real-World-Finance is signaling to onboard a D3M for the creation of a Maple DAI pool. @lucas-manuel asks the community whether Maker should onboard a Maple Finance D3M. His post provides an overview of the proposal’s pros, cons, and risk mitigation.
Should MakerDAO Assist in recovering DAI locked on Optimism Escrow? - Signal ends January 7th, 2022 - As lost funds continue to become a recurring issue for Dai users, @lost_some_dai presents a case where a user accidentally called the
burn function on DAI.sol on Optimism, burning 10,000,000 DAI. He asks the community whether an executive should manually pull the burnt 10 Million DAI from the Optimism escrow via an executive vote.
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 16:30 UTC
Join Link | Growth - Wednesdays 17:00 UTC
Join Link | Sustainable Ecosystem Scaling - Tuesdays 15:30 UTC
Join Link | Governance Communications - Fridays 19:00 UTC
Mark your Calendar 📆
Governance & Risk
In Case You Missed It
Useful Links ⚓
Subscribe for all public calls, votes, and other reminders.
Voting dashboard for MKR voters.
Library of useful links for Stakeholders; Protocol analytics, Dai analytics, collateral & liquidation metrics, governance history, and auctions data.
MIPs Dashboard for everyone.
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.