MakerDAO Maker Relay, 18 Nov 2021

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From YouTube: MakerDAO | Forum At a Glance | November 18, 2021

Description

Discussed this week:
- As per MIP51c4: Calendar Exceptions, there will be no monthly governance cycle in December.
- https://mips.makerdao.com/mips/details/MIP51#MIP51c4
- The NFIA places Nebraska at the forefront of cryptocurrency banking, finance, and securitization.
- https://forum.makerdao.com/t/nebraska-financial-innovation-act/11597
- DUX Core Unit takes the initiative with the community to help improve Governance participation!
- https://forum.makerdao.com/t/improving-governance-participation-rate-at-makerdao/11706

Full written version:
https://forum.makerdao.com/t/forum-at-a-glance-november-11-18/11713

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Welcome to the forum at a glance, a weekly review of what's happened on the forums for the week of november 11 to november 18th. Let's begin with the week's top announcements with winter holidays around the corner. Long for wisdom shares the weekly governance cycle for the next two months for the weeks of december 20th and december 27th. There will be neither weekly polls, executive proposals or governance and risk calls happening and normal coverage resumes on january 10th of 2022.

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All right next up, the ses core unit shares a diagram that overviews each core unit's mip 40, which they call the mipmap as earlier mentioned. Their intended purpose is to create an an interactive tool to explore all budget structures used in the dow and anyone interested in core unit budgets will find it easier to compare contrast and explore transactions by engaging with this new tool.

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Next, the risk core unit presents a sample report on valuable, die supply growth and risk metrics. This information is meant to support the kpi framework presented earlier by ace in the monthly strategy review.

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Metrics from this report will be soon integrated into the risks dashboard for open access to the whole community and moving on to the top three discussions. Xerox dennis from the duck's core unit takes a deep exploration into our low governance participation rate. They highlight several problems and their potential causes. They provide a list of potential solutions across multiple horizons and push for community community discussion and feedback to help initiate improvements in low governance, participation.

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Next up, following up on the strategy process review call last month, ace moves forward by proposing to vote as a community on three to five most important strategic focus areas.

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The real real world finance core unit team presents as their as a poll, their own opinions for three strategic focus areas and ask the community whether there are other areas that we should also focus on and finally, with recent discussions in the community regarding centrifugal, legal structures, centrifuge has expressed its willingness and commitment to become an arranger and upgrading its structuring framework to accommodate maker token holder requirements in response. William r proposes a global debt ceiling and asks the community whether and how it should it should be implemented for cfg.

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Moving on to our active signal requests, ultrashoopy is signaling to the community and requests to increase the surplus buffer. He asked the community where we want to set the surplus buffer and whether we want to burn some of our profits.

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B

uh Really quickly on this signal request, I know maker breaker has been posting in the governance chat about uh like the fact that this might become an instant run-off quote and there's kind of like a little bit of nuance. I want to just take a pause and see if, if uh anybody from gov alpha kind of wants to comment on that before we move forward.

B

If not it's okay, we can cover it.

C

Yeah, I think it's a make or breaker here you don't have to talk. Obviously I'm happy to give my thoughts, but I'll give you a chance. First.

C

ah No worries no mike uh yeah, so basically we uh have been using this form formula to get signals spawned on jane paul for a while. It's not perfect, but uh it does kind of allow for the most amount of people to to be happy when when voting is, is uh done actively right uh because you're voting for anything that you would accept or would support when going to the signal.

C

So while sometimes the outcomes might look a little funky, you are kind of capturing the the largest part of the off-chain sentiment um and then one cool thing is: you can always change. Your vote um engage in chat. You know, um you know kind of rally for for one particular option. So if you don't like how things are shaking out, we encourage you to head to that thread because it's uh not until the the signal is closed, that we use the vote calculations to put it up. There.

B

Yeah cool, thank you and also like, if you're curious, about the more specific concern that gov alpha has read. Maker breaker's latest comment on that signal request thread and that will give you the details.

B

All right, aaron, it's back to you.

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All right, let's continue with the next signal request.

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All right so dimension from wbtc has recently been increasing, with popular uh popularly increasing with a lot of amount of dye over the last few months and a large market downturn on wbtc volts that run a higher liquidation ratio are less likely to undergo liquidations.

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In response to that, ultra should be signals to the community asking whether we should add a new wbtc vault with a higher liquidation ratio.

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And then we have bourbon, asked the community to burn half of mkr in the treasury and use the remainder to best core units.

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Next, up with no clear indication about what should be the source for mkru's and future expenses, maker breaker presents two options: use mkr from the maker dow treasury, or emit new mkr using the pause proxy.

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Next, up with gas and eav prices continuing to go up, our dust limits, offer less protection against loss losses and in response, monet supply proposes whether we should increase dust limits for all volt types and moving into our final signal request.

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The original dss best stream for governance communications core unit was configured incorrectly, resulting in an unclaimed. 39 300 die initially, the team believed they could slide through their four month stream period using the buffer and other savings. However, legal services and additional expenses recently arose, which was which pushed david utrow to formally ask the community whether they support a one-off governance request for a one-time payment of a little over 27 000.

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That's it for the forum at a glance for more information check out the forum at a glance post. That includes a three-point summary evaluations and reports, ongoing initiatives and help wanted.

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