►
From YouTube: Voices of MKR Relay Ep. 30
Description
Forum: https://forum.makerdao.com
Rocket.Chat: https://chat.makerdao.com
Voting Portal: https://Vote.MakerDAO.com
Maker Relay (written version):
Learn more about the Maker protocol: https://docs.makerdao.com
Check our Governance Tools Resource: https://community-development.makerdao.com/governance/governance-tools
Disclaimer: This update is assembled by a group of contributing members in the MakerDAO community. This does and should not serve as financial advice or an inducement to vote in any specific way. This update is purely for informative and for communications purposes exclusively.
A
Down:
what's
up
everyone
thanks
for
checking
out
maker
relay
this?
Is
your
one
stop
shop
for
updates
on
the
maker
ecosystem.
Today
is
february
1st
2021,
which
marks
the
beginning
of
our
february
governance
cycle.
At
the
time
of
recording.
We
have
one
executive
up
for
a
vote.
This
proposal
would
add
the
debt
ceiling,
instant
access
module
to
the
ether,
a
vault
type.
The
goal
here
is
to
help
automate
the
process
of
debt
ceiling
adjustments,
which
would
allow
governance
to
focus
on
other
projects.
A
Next
up,
we
have
governance
polls
for
the
week.
The
first
poll
would
create
a
working
group
to
investigate
the
implementation
of
an
etherc
vault
type.
This
vault
would
come
with
a
higher
liquidation
ratio
and
lower
stability
fees.
This
would
provide
reduced
fees
to
the
owners
of
highly
collateralized
ether,
vaults
and
add
stability
to
the
maker
protocol.
A
Following
that,
we
have
a
poll
to
create
multiple
oracles
for
the
dydx
exchange.
This
would
allow
for
the
adoption
of
liquidity
provider
tokens
from
the
exchange
as
collateral
types
for
die,
and
our
final
polls
are
for
adding
uniswap,
v2
dye,
usdc
and
etherusdt
liquidity
tokens
as
collateral
types
in
the
protocol.
A
Next
up,
we've
got
signal
requests.
There
are
often
new
signal
requests,
so
please
check
the
forum
for
the
most
recent
signals.
First,
we
have
a
proposal
to
adjust
the
surplus
buffer.
This
request
lays
out
some
detailed
information
on
different
levels
of
adjustment,
as
well
as
how
quickly
we
could
fill
the
buffer
if
we
divert
varying
percentages
towards
burning
maker
as
well,
because
we
can
use
stability
fees
for
filling
the
buffer
as
well
as
burning
maker.
If
we
do
raise
the
buffer,
we
may
want
to
use
less
die
from
stability
fees
to
burn
maker.
A
While
we
fill
that
larger
buffer,
we
also
have
a
signal
request
to
raise
the
diet
savings
rates.
If
you
don't
remember,
the
rate
was
set
to
zero
percent
back
in
september
of
last
year
to
help
recover
the
dye
peg,
since
we've
consistently
maintained
the
peg
and
implemented
new
features
to
continue
that
progress.
This
request
proposes
raising
the
diet
savings
rate
up
from
zero
percent.
A
Last
week
we
had
our
monthly
governance
executive,
which
included
two
mips
and
four
sub-proposals.
This
executive
has
passed
and
will
create
the
following
changes:
the
peg
stability
module
will
be
implemented,
creating
a
special
vault
type
with
a
hundred
percent
collateralization
ratio
and
zero
percent
stability
fees.
The
goal
of
the
module
is
to
help
maintain
the
sp.
The
stability
of
the
diaper
by
allowing
maker
to
transfer
stable
coin
base
collateral
types
to
this
module
and
help
remove
certain
risks
from
the
system
related
to
using
low
risk
collateral
types.
A
A
Proposals
that
have
not
been
in
the
request
for
comments
phase
for
the
mandated
length
include
mid
33
for
the
maker
stability
price
module.
This
would
permit
governance
to
define
parameters
for
the
price
of
maker
and
allocate
dye
to
hedge
the
market.
In
order
to
make
this
happen,
mip
34
covers
the
keg
streaming
payments
module,
which
is
aimed
at
creating
a
system
to
enable
governance
to
pay
contributors
directly
through
the
protocol.
A
A
A
First
up
is
the
smart
contracts
team
continuing
their
work
on
liquidations
2.0,
you
can
go
check
out
the
most
recently
updated
code
in
the
maker,
dow
github,
repo
mip,
21
and
22
are
currently
under
review.
Those
mips
cover
the
adoption
of
real
world
assets
and
the
creation
of
a
mechanism
to
help
automate
liquidation.
A
The
team
is
currently
awaiting
updates
from
the
groups
working
on
those
projects
and
based
on
their
feedback,
we'll
be
moving
one
or
both
of
these
projects
to
covant
testing
within
the
next
week.
So,
looking
forward
to
that,
the
risk
team
has
almost
completed.
Two
union
swap
liquidity,
token
reviews
which
will
be
published
in
the
next
few
days
again.
A
Form.Makerdow.Com.
Please
go
check
that
out.
The
team
is
currently
also
reviewing
risk
related
to
rates
on
stability
fees,
as
they
are
currently
our
only
tool
for
lowering
debt
exposure.
The
current
consensus
is
that
we
may
need
to
raise
those
rates
in
order
to
reduce
this
risk,
but
look
for
more
updates
on
that.
In
the
coming
weeks,
the
oracle's
domain
team
recently
finished
an
audit
with
the
abdk
auditing
firm
on
the
peg
stability
module.
A
Last
but
not
least,
let's
talk
about
the
state
of
the
peg.
The
peg
is
currently
holding
solid
despite
the
general
market
volatility
and
issues
around
gas
prices,
the
new
liquidity,
token
collateral
types
have
been
filled
to
max
utilization
after
reaching
their
3
million
debt
ceiling
and
there's
currently
about
1.6
billion
die
in
circulation,
most
of
which
is
sitting
within
compound
curve
or
sushi,
swap
that's
it
for
this
week's
edition
of
maker
relay,
please
post
in
the
forum,
take
our
survey
or
join
us
in
the
community
development
chat
channel.