MakerDAO Forum Recap, 27 Oct 2022

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From YouTube: Forum Recap | October 20 - 26, 2022

Description

The Forum Recap is a weekly publication and video summary reviewing the top activity happening at MakerDAO. It covers announcements, some discussions, and all active signal requests for the last week (Thursday to Wednesday).

Check out the information mentioned in more detail by visiting the MakerDAO Forum Recap post:
https://forum.makerdao.com/t/weekly-forum-recap/16247/29

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Hey everyone and welcome to this week's Forum recap covering the week of October 20th to the 26th uh big thanks to Ashton, for helping us write these summaries. Now this week was a little bit more lackluster on the announcement side, but we have uh one announcement so to say, and a couple of proposal: ideas floating around the forums as well as an announcement for Signal requests and two active signal requests so without further Ado. Let's get into them.

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First up we have a post by recognized delegate Park, who shares a tool called Envoy and the tool was developed by their team to help delegates keep track of new and expiring proposals and executive votes. Delegates and anyone else interested in using the tool can join the telegram channel to receive alerts, and the channel link is available in the thread as seen on the screen, so just click on the link and you're good to go.

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Next, we have a proposal post by Pros, the gov Alpha core unit facilitator, and he presents the idea of using hats protocol to handle permissions for different Dow contributors and their roles and responsibilities. Now, as a trial run, Pros suggests writing a simple MIP to apply hats to the current core unit structure and instituting at least three levels of permissions. He hopes to have a MIP ready for the January governance cycle if the community does support this idea.

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So if you support the idea or you have any feedback, please go to uh Peyton's, post and uh yeah drop a comment.

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Next up, we have Varun adding some more information for endgame and, as we understand, the centralized collateral backing is achieved through borrower participation and borrowers are more likely to opt in for fixed rates, which makes fixed rates an essential resource for protocols like Deco, as well as Creator clusters. Now considering, this roon proposes two incentive mechanisms that will increase the number of borrowers and better benefit meta dials that do not offer or will not offer fixed rate products.

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Now these two mechanisms are Revenue share bonuses that are offered to user users as an incentive, and the second mechanism is a fixed rate module. These mechanisms are explained in more details in the Forum recap, as well as the thread posted by roon. So if you're interested go check it out also roon does go into more debt on this topic during yesterday's decentralized voter committee call, which is now up on YouTube, so you could go check that out and the link for the YouTube call is also available in the Forum recap now.

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Moving on to our signal requests, we'll start off with this announcement, which is pretty huge and, as mentioned already, the end game, pre-launch mips sets have passed and also you know, according to the MIP 16 Amendment, as a result of these signal, requests will no longer be posted on the Forum unless a relevant MIP supports them, and this will go into full effect once the two currently active signal requests are complete, so without further Ado we'll go into our current active signal requests, starting off with a signal request posted by non-stop Dio, which gathers sentiment on whether to clear 1.3 million die of bad Vault debt that has not yet been liquidated and what will be the best approach in doing so, so the options include liquidating the insolvent accounts, burning, die from the Surplus buffer or repaying the outstanding debt, and the current vote breakdown.

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uh It's a two-part poll, so poll one asks shell maker, Dao, clear, vaults, bad debt and the winning vote is yes sitting at 43 poll two asks what is the preferred option to clear these bad debts and the winning vote is to liquidate and solve an account. So with the vote sitting at 30 percent and the signal request ends on October 31st, so we have about four more days left to put in your vote and with this.

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Let's move on to our next signal: request posted by Andrew bourbon, who was the core unit facilitator of strategic happiness, core unit which was uh officially off-boarded just recently. However, Andrew does vocalize his concern and his desire to continue to help promote maker die and spread love to the community. Now Eve Gathering is coming up and it's rumored to have many people attending with that. Andrew wants nothing more than to finish with one big hurray.

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You know beanie bags, socks, shirts and everything, and with this he posts the signal request asking the community for one final transfer of just 0.01 die short of 50 000, so 49 999 die, so the Strategic happiness core unit operational wallet along Whoopi golden parachute, a 5.21 mkr.

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Now the current vote breakdown at the moment uh supports the transfer of the die and the prorated mkr with a uh vote of 48, and the signal request ends tomorrow. So if you have, if you haven't, voted- and you have uh some opinion on this- please go to the signal, request and vote and I. Think of this. We probably won't see any more signal. Requests on the Forum recap. I believe we might we'll see what happens but yeah.

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That's it, and thanks for checking out the Forum recap uh for more information, such as research posts, reports happening uh more information on Signal requests, initiatives going on at maker Dao, as well as Help Wanted at makerdau. Please check out the form recap and leave a comment or some feedback thanks.