►
From YouTube: Governance and Risk Meeting #145
Description
Agenda: https://forum.makerdao.com/t/agenda-discussion-scientific-governance-and-risk-145-thursday-june-10-17-00-utc/8590
Introduction
@prose11: Hosting, Introduction, Agenda.
Weekly Updates
Governance - @GovAlpha-Core-Unit
Protocol Engineering - @Protocol-Engineering
Oracles - @Oracles
Risk - @Risk-Core-Unit
Real World Finance - @Real-World-Finance
Growth - @Growth-Core-Unit
Sustainable Ecosystem Scaling - @SES-Core-Unit
Content Production - @Content-Production
MIPs - @MIP-Editors
Segments
Formal Submission Review
Discussion on UNIV2DAIUSDC-A Changes
Discussions and General Q&A
Disclaimer: These calls and the summaries are produced and hosted by MakerDAO community members. Content produced by the community are not the statements or views of the Maker Foundation.
A
A
I'm
joined
here
by
some
awesome
folks
who
care
a
lot
about
the
maker
protocol
and
are
working
and
contributing
to
maintaining
and
improving
it.
So
without
further
ado,
I
guess
one
reminder
that
we
do
encourage
questions
comments
all
that
stuff.
So
if
you
have
something
relevant,
feel
free
to
utilize
the
hand
raise
function
in
zoom
or
if
there's
a
natural
pause
or
ask
for
questions,
you
can
always
unmute
your
mic
and
give
it
a
go.
A
I'll
also
be
trying
to
pay
attention
to
the
side
chat
here,
so
I
can
voice
any
questions
for
people
who
otherwise
wouldn't
be
able
to
use
the
mic.
I
guess
we
typically
start
with
a
governance
review.
What's
going
on
this
past
week,
on
monday,
our
executive
latest
executive
vote
passed,
which
is
pretty
exciting.
Granted,
let's
see
one
two,
three,
four,
five.
Six.
Seven
core
units,
their
monthly
budgets,
so
a
lot
of
good
stuff
coming
from
there
also
added
the
rest
of
the
vault
types
to
the
liquidations.
A
A
We
will
be
having
a
discussion
about
the
vote
on
the
uni.
V2
die
usdc
vote,
which
was
to
lower
the
location
and
stability
fee.
There.
I've
got
a
few
thoughts
from
mandated
actors
that
need
to
weigh
in
and
let's
see,
two
more
left
side.
That
was
the
adjusting
the
auction
parameters
for
each
faults,
so
that
will
be
on
this
week's
executive
as
well
as
white
listing
year
in
finance
on
four
of
our
oracles,
so
that
pretty
much
does
it
for
what's
happened
in
terms
of
governance
votes.
A
We
do
also
have
a
brief
update
from
me
for
the
governance
core
unit.
We've
been
pretty
busy
on
things,
obviously,
with
long
on
holiday.
Trying
to
add
things
in,
I
will
drop
the
link
to
that
in
the
chat,
so
you
can
explore
at
your
own
time,
but
I'll
give
you
the
three
point
summary
the
governor's
alpha
multisig
was
live
and
we
were
able
to
make
our
first
distribution
before
long
took
his
holiday.
A
A
Lastly,
it's
a
lot
of
peyton
talking
at
the
top.
I
promise
that'll
be
less
in
the
future.
We
have
a
governor's
at
the
area
forum
at
the
glance,
rather
update
from
pablo
and
I'll,
also
drop
that
here
in
the
chat
I'll
be
reading
through
it
for
him.
I
really
appreciate
him
putting
together
shout
out
to
die
crossing
5
billion.
I
know
that
wasn't
on
here,
but
it
was
a
big
thing.
A
I
was
happy
to
announce
so
I'll
go
ahead
and
do
that
in
terms
of
active
discussions
here
on
the
forum,
we
have
a
discussion
about
maker,
not
being
a
lender,
how
it
doesn't
take
deposits
from
paper
imperium
had
the
weekly
source,
credit
distribution
thread
get
a
lot
of
activity
this
week
from
aspen
over
at
source
cred
and
a
cool
discussion
on
maker
and
layer.
Two
avoiding
ren's
mistake
that
was
posted
by
planet
x.
A
A
So
you'll
have
to
link
up
shortly
to
that
there's
another
signal
request
for
offboarding,
unprofitable
collateral
types
again
from
shoopy
and
a
final
one
on
adjusting
the
ttl
on
flap
auctions
again
from
shoopy,
so
pretty
active
week,
you
can
tell
he's
back
from
vacation
awesome.
That
is
way
more
than
enough
talking
for
me,
so
I
will
go
ahead
and
kick
it
to
our
next
agenda
topic,
which
will
be
an
update
from
the
protocol
engineering
team.
B
All
right
thanks,
yeah
and
peyton,
take
as
much
time
as
you
want
in
that
section.
The
rest
of
us
are
just
sort
of
writing
our
sections,
while
you're
talking
so
everybody
chris
from
particle
engineering,
so
I'm
gonna
go
through
just
sort
of
a
list
of
updates
that
we
worked
on
this
week.
So
with
regards
to
the
schedule,
I
you
know
this
week
is
going
to
be
a
bunch
of
the
like
rates
group
changes
and
the
stuff
that
peyton
had
mentioned.
B
But
then
next
week
we
were
originally
planning
on
doing
the
sort
of
centrifuge
assets.
They
were
going
to
go
to
covan
on
friday,
but
that
might
be
pushed
back
a
little
bit
because
they're
in
the
middle
of
an
audit
right
now
and
some
of
the
debt
ceilings
increases,
I
think,
were
a
little
beyond
the
scope
of
where
we
had
originally
recommended.
They
be
set
until
they
got
a
second
audit.
B
And
so
so
it
sounds
like
they're
dealing
with
their
auditors,
and
so
so,
maybe
next
week
we're
not
going
to
do
the
real
world
asset
stuff.
But
that's
what
centrifuge
is
working
on
and
that's
sort
of
where
they
may
fall
on.
The
timeline
would
be
like
beyond
two
weeks
from
now,
but
mostly
dependent
on
that
team.
B
There's
a
bunch
of
discussion
and
code
tidying
up
and
what
not
happening
around
the
dss
fest,
which
again
is
going
to
be
how
we
distribute
mkr
to
to
teams
and
also
how
we
eventually
will
end
up
like
seeing
teams
die.
So
so,
there's
a
lot
of
discussion
and
updates
happening
around
that
we
talked
about
the
d3m
direct
deposit
module,
for
you
know,
ave
today
and
and
just
sort
of
you
know,
starting
to
to
kind
of
think
about,
like
all
of
the
different
cases,
around
emergency
shutdown
and
whatnot.
B
For
that
vote,
delegation
is
completed,
its
passing
rpc
tests
and
the
audit
was
finished
by
abdk,
so
we
may
end
up
having
like
much
governance
action
there.
So
we'll
probably
end
up
having
to
discuss.
You
know
I
I'll
leave
it
in
peyton's
hands
like,
however,
oh
did
I
get
starlink
did
that
happen.
Super.
B
It
helps
my
stress
level
so
and
then
also
there's
the
dss
flash
mint
module,
which
is
you
know,
flash
minting
dye
and
so
we're
finalizing
some
code
changes
and
aligning
best
practices.
There
miscellaneous
work
just
to
sort
of
daughter,
eyes
and
cross
rts
we've
been
helping
a
lot
on
the
auction
demo
keeper,
which
is
the
sort
of
treating
it
as
kind
of
a
backstop
keeper
for
liquidations,
and
we
put
some
work
into
the
clipper
callee
to
support
lp
tokens
there.
B
So
so,
if
anyone
wants
to
run
that
you
can,
you
can
grab
that
keeper
and
it
should
have
lp
token
support
and,
and
it
will
try
and
keep
it
up
to
date.
As
we
add
different
collateral
types
like
the
sushi,
join
and
and
whatnot,
so
it's
pretty
easy
to
run.
You
just
need
a
private
key.
You
you
put
your
private
key
file
in
place
and
you
start
the
thing
up.
It
does
all
your
authorizations.
B
All
you
need
is
a
little
bit
of
ethereum
and
and
then
just
like
that,
you're
backstopping
the
protocol-
and
if
you
get
lucky
you
you
make
money
on
liquidation.
So,
let's
see
also
there's
going
to
be
a
small
enhancement
to
it's.
Actually,
an
implementation
change
to
the
clipper
attack
function
will
be
added
for
the
sushi
join
adapter.
I
think
to
collect,
rewards
that
won't
change
the
interfaces,
but
that's
another
thing
that
we're
working
on
and
then
just
for
some
administrative
stuff.
B
B
The
psm,
which
is
from
a
security
perspective,
is,
is
attractive
because
it
means
that
the
blacklist
risk
would
be
one
step
remote.
It
would
be
in
this
more
generic
token
that
many
more
community
members
would
be
participating
in,
and
so
we
could
take
some
of
that
blacklist
risk
and
and
remove
it,
and
that
is
it
for
me.
Unless
there's
someone
else
on
the
protocol
engineering
team,
that
wants
to
mention
something
or
can
think
of
something.
I
forgot.
C
Also,
maybe
I'll
I'll
just
clarify
a
little
bit
about
the
fixed
spread,
univ3
thing
so
yeah.
The
idea
is
to
roll
this
out,
it's
still
in
the
investigative
phase,
but
the
idea
is
to
roll
this
out
for
dye.
Usdc
potentially
had
some
fixed
spread
just
around
a
dollar,
and
we
could
potentially
offer
this
with
super
high
leverage,
because
it's
not
that
much
different
than
the
usdc
vault
we
have
now,
except
we
can
have
the
use
it'll
be
a
regular
vault,
so
it's
no
longer
on
maker's
books.
C
B
Oh
there's
a
lot
of
l2
work
in
there
that
that
didn't
get
that.
I
didn't
even
really
mention
so
there's
a
lot
happening
on
l2
and
we've
been
talking
with
pretty
much
every
like
l2
provider
in
the
space.
At
this
point
we
had
a
call
with
starkware
this
morning
to
talk
about.
You
know
what
what
it
would
look
like
if
we
were
there,
so
there's
lots
of
of
sort
of
scaling
stuff
in
the
pipeline
as.
B
D
There's
kind
of
a
lot
of
work
going
on
behind
the
scenes
in
terms
of
setting
up
the
core
unit.
I
I
I
won't
bore
you
with
with
too
many
of
the
details,
but
it's
a
it's
a
lot
of
fun
in
terms
of
pulling
right.
We
had
we
had
kind
of
a
a
bunch
of
polls
related
to
white
listing
for
for
urine
vaults
this
week.
D
I
believe
all
of
those
passed
last
time
I
checked,
so
those
will
be
going
into
the
executive
vote
tomorrow.
All
of
those
are
for
a
new
delegated
vaults.
That
urine
is
doing
so.
Essentially
you
can,
you
know,
have
users
lock
up,
say
like
uni
or
link
tokens
or
ave
tokens
and
it'll
put
those
in
maker
or
borrow
dye
and
then
use
the
dye
to
to
yield
farm
in
in
kind
of
the
urine
kind
of
divulge.
D
D
D
D
Excuse
me,
but,
but
you
get
you
get
closer
and
closer
to
that
direct
redeemability
and
in
the
end
we
kind
of
see
for
for
most
protocols
right
where
there's
a
ton
of
eath.
In
all
these
things,
we
see
most
of
that
becoming
some
form
of
steak
teeth
now,
not
necessarily
that
it
has
to
be
steak
eat
from
lido.
D
This
in
particular,
because
creating
a
staked
eth
oracle
is,
is
rather
difficult
to
do
in
a
safe
manner,
because
all
the
liquidity
is
exclusively
in
curve
right.
So
there's
maybe
like
tiny,
tiny
pockets
of
liquidity
in
other
areas,
but
curve
is
the
one
that's
the
incentivized
pool
right.
That
gives
you
curve
tokens
and
lido
tokens,
and
so
it's
really
difficult
to
construct
kind
of
a
safe
oracle.
D
That's
just
based
on
kind
of
one
one
dex.
I
think
if
you,
if
you've
looked
at
the
decks
as
an
oracle
kind
of
a
pattern
right
in
the
past,
that's
led
to
a
lot
of
exploits
right,
in
particular
with
flash
loans.
If
you
can
flash
loan
and
move
the
price
on
a
dex
and
then
utilize
that
that
price
right,
you
can,
you
can
pretty
much
manipulate
it
at
will.
D
But
there
are
some
some
workarounds
for
this,
and
so
the
the
lido
team
has
sent
us
a
an
oracle
that
that
they've
created
that
that
we're
kind
of
investigating
right
now
it
basically
tries
to
take
the
price
from
discrete
points
and
compare
them
to
each
other,
and
so
you
can
use
the
real-time
price.
So
long
as
the
the
difference
between
the
previous
price
and
the
current
price
is
not
too
large,
but
we
we,
we
may
end
up
kind
of
creating
our
own
our
own
thing
anyway.
D
D
Half
a
percent
okay
and
the
collateralization
ratio
to
101
right,
which
provides
a
lot
more
leverage
as
the
kind
of
oracle
team
I
want
to
kind
of.
I
want
to
kind
of
mix
that
and
say
that
I
think
the
lowest
that
we
can
do
it
safely
is
102
and
and
here's
why
so
nice
one
chris,
the
lp
token
oracle
is
it's!
It's
it's
based
off
of
math.
That
does
approximations
right
there.
D
There
are
things
that
we
did
to
optimize
for
gas
that
doesn't
compute
things.
You
know
very,
very
precisely,
but
only
computes
them.
You
know
to
an
approximation
and
for
the
most
part,
if
you
compare
the
the
oracle
price
to
the
to
the
real
price,
the
drift
is
not
that
bad,
like
it's
within
kind
of
tolerable
tolerable
bounce.
D
You
know
minting
die
profitably
right
and
as
soon
as
you
can
mint
die
profitably,
it's
it's
quite
problematic
right,
because
you
can
basically
lever
up
all
the
way
to
the
debt
ceiling
and
just
take
free
money
from
from
the
protocol.
So
we
have
to.
We
have
to
be
extremely
careful
about
this
kind
of
stuff,
so
I
I'm
suggesting
that
we,
instead
of
putting
a
101
percent
for
the
uscc
in
the
executive
that
we
do
102
percent
it
still
gives
a
much
much
greater
amount
of
leverage
right
than
we
are
currently
doing.
D
And
you
know
in
terms
of
safety,
it's
like
at
least
from
the
oracle
risk
like
it's
like
a
hundred
times
safer
is,
is
kind
of
the
the
random
number
I'm
gonna
throw
out
there.
So
with
that
weird
vested
authority
in
me,
I'm
just
gonna
make
sure
that
it's
102
instead
of
101
in
the
executive
vote,
but
if
the
community
feels
very
strongly
that
it
wants
to
do
101,
they
should
just
do
another
signal
kind
of
pull
on
the
forum,
and
we
can.
We
can
go
from
there.
B
On
that
same
topic,
I
believe
we
were
going
to
plan
on
leaving
liquidations
off
right.
That
was,
we
discussed
that
in
the
mandated
actors
as
well
just
so
that
we
can
get
a
better
set
of
liquidation
parameters
for
it
yeah.
So
so
that
means
half
a
percent
for
that
collateral
type.
102,
collateralization
ratio,
liquidation
stay
off
right
now,.
A
A
A
F
We
believe
all
of
these
implementations
or
or
onboardings
could
lead
to
more
meaningful
new
dive
supply,
which
we
all
know
is
needed
right
now,
both
staked
it
and
d3m
module.
Risk
assessment
will
be
a
bit
more
demanding
on
our
side,
specifically
d3i
module,
where
we
need
to
basically
evaluate
other
protocol
risk
instead
of
just
usual
collateral
risk.
So
we'll
probably
need
to
spend
a
bit
more
time
here
than
usual
just
to
refresh
a
bit.
What
d3m
module
is
it's
basically
depositing
new,
limited
diet
to
have
and
receiving
a
diet
in
return?
F
The
idea
is
to
provide
the
liquidity
to
avent
and
turn
supply
rates
from
risk
perspective.
This
means
die
is
essentially
collateralized
by
other
collateral
that
other
borrowers
deposited
the
data.
So
this
means
we
need
to
evaluate
our
protocol
risk
basically
from
as
many
angles
as
possible
other
than
that
currently
mostly
also
occupied
with
adding
new
metrics
to
a
risk
dashboard.
F
Actually
community
will
be
able
to
simulate
losses
for
make
loans
based
on
parameters
picked.
So
this
should
be
really
interesting
in
our
view,
because
we
could
crowdsource
some
of
the
inputs
we're
using
now
for
risk
models
and
some
of
the
some
some
of
the
inputs
that
we're
using
are
are
subjective
at
times.
So
it
would
be
good
to
see
you
know
how
users
interact
and
what
they
simulate
and
then.
F
Finally,
we
are
also
building
a
page
where
all
our
you
know
all
our
past
and
the
upcoming
recommendations
for
any
parameter
change,
and
you
know
all
our
research
and
collateral
evaluations,
everything
will
be,
will
be
uploaded
and
broken
down
into
segments
and
then
the
community
or
future
risk
analysts
can
actually
follow.
You
know
our
proposals,
our
work,
we
do,
I
see
it,
you
know
much
easier
than
now,
because
you
would
like
you
need
to
go
under
searching
forums,
but
this
will
look
much
nicer
and
much
more.
F
C
C
A
C
C
If
we
can,
we
can
not
work
100
percent
on
what
you
want
to
achieve,
and
that's
why
I
think
yeah
exactly
I'm
working
for
all
maker
token
holders,
and
so
I
cannot
please
everyone
and
that's
fine,
but
yeah.
I'm
trying
to
understand
what
maker
canada's
want
and
my
job
is
to
do.
The
best
thing
I
can
to
please
all
make
a
documentary,
not
some
in
particular.
G
Yeah,
can
I
just
jump
in
here
and
add
like
a
quick
thought
if
anybody
is
actually
like,
you
know
unsatisfied
with
anybody
in
the
in
the
organization
of
the
dao.
I
suggest,
instead
of
like
posting,
a
weird
comment
on
the
forum
that
might
be
open-ended
instead
to
reach
out
to
that
person
directly
and
to
you
know,
give
them
actual
constructive
feedback.
Like
you
know,
it's
one
thing
to
say:
oh
you
suck,
but
it's
another
thing
to
say:
hey
you
know
like.
I
noticed
your
updates.
C
E
E
H
Yes,
hello,
everyone
so
sharing
with
you
the
link
of
the
updates
for
this
week,
a
lot
of
updates
it's
this
week
with
jen
we
we
were
to
we
were
in
miami,
it
was.
It
was
great.
We
had
a
lot
of
meetings.
One
of
the
meetings
was
with
abby
pro,
and
that
was
like
what
inspired
the
forum
post
that
I
did
a
couple
of
days
ago.
H
They
are
including
in
this
in
this
in
this
pool
usdc,
of
course,
ether,
bitcoin
and
abi.
There's
a
small
there's
like
we
could
be
also
integrated
in
these
pools,
but
we
are
thinking
on
the
ways
to
have
like
a
permission,
die
and
that
could
be
solved
if
we
do
the
d3m
implementation.
So
it's
it's
interesting.
How
like
we
are
like
trying
to
figure
out
the
way
how
maker
the
maker
protocol
could
be,
could
work
for
these
institutions
and
and
provide
a
service
a
service
for
them.
H
We
also
in
that
sense,
we
talk
with
celsius.
They
are
asking
for
something
similar,
and
this
is
also
interesting
because
they
want
the
the
cell
token
listed
as
integrated
onboarded
as
collateral,
so
what
they
are
proposing,
because
of
course
now
we
are
aware
of
the
costs
that
have
to
incorporate
a
new
collateral
into
the
protocol.
So
when
we
are
talking
with
these
new
project
projects
or
companies
who
want
to
onboard
their
collateral,
we
are.
H
We
always
are
interested
about
understanding
like
who
will
use
that
bolt
and
they
want
to
engage
all
their
community
like
using
twitter
to
ask
to
their
community
if,
if
they
would
open
a
maker
vault
in
case
the
maker
community,
decides
decides
to
to
include
it.
So
well,
it's
something
to
think
about
now
that
we
are
like
thinking
about.
If,
if
we
should
like
shut
down
some
collaterals
or
not-
and
we
also
should
start
thinking
about
what
we
will,
we
will
ask
in
the
future
to
the
new
collaterals
to
be
on
boarded.
H
H
It
is
mainly
for
android,
because
opera
browser
it
has
a
huge
presence
in
emerging
markets
like
it
is
very
used
in
in
nigeria,
for
example,
er
that
integration
is
on
beta
for
now
because
of
the
use
case,
it
is
used
in
emerging
markets
so
because
of
gas
fees,
it's
impossible
to
use,
so
we
are
talking
with
them
and
having
conversations
so
they
integrated
optimism
die.
That
will
be
great,
a
really
cool
use
case
when
they
launch
it.
H
We
were
also
talking
with
block
5
but
more
details
more
details
coming
soon-
and
this
is
this-
is
super
cool
because,
like
it
was
huge
like
in
miami,
everyone
was
like
talking
about
in
a
piece
more
than
bitcoin
that
that
was
like
funny.
So
we
are
talking
with
a
game
first,
I
think
it's
how
they
want
to
be
called.
H
I'm
not
saying
the
name,
because
they
want
to
keep
all
secret,
but
we
will
have
like
our
own
space
and
they
are
thinking
about,
like
maybe
a
maker
bank,
very
futuristic
style
where
we
can
like
just
hang
out
there
or
have
the
office
hours
or
well
it
would.
It
will
be
like
another
place
in
the
metabears
for
us,
so
I
think
it's
cool.
We
are
we're
like
talking
about
having
nfts
for
us
and
all
of
that
and
stars
of
the
week,
well,
korea
and
latin.
H
I
I
don't
want
to
take
much
time
explaining
you
about
this,
but
in
korea
we
that
I
was
listed
in
bit,
hump
and
there's
also
maker
listed,
but
the
cool
thing
is
that
it's
an
honor
front
from
fiat
to
die,
and
that
is
the
first
stable
coin
that
they
list
and
also
this
hardware
wallet
they
listed
die,
but
in
clayton.
So
we
are
starting
to
see
a
lot
more
adoption
of
thai
in
other
networks
and
that's
well.
H
H
He
organized
this
tournament
with
axi
it.
It
is
super
interesting
because
I
invite
you
all
to
watch
the
video
about
how
axi
is
used
in
countries
like
venezuela
or
philippines,
and
it's
a
way
to
to
earn
money,
and
it's
like
almost
a
job
for
them,
so
very
cool
things
this
week.
Also,
next
week
I
think
is
going
to
be
the
tournament.
I
will
like
update
this
post
with
the
with
the
confirmed
date
of
the
tournament.
Just
in
case
you
want,
you
want
to
watch
it.
H
B
Nadia,
I
have
a
question:
do
we
get
a
chance
to
reach
out
to
anyone
in
el
salvador?
Yet
I
mean,
I
know,
that's
a
big
news
this
week,
but
it
seems
like
there's
a
lot
of
potential
there.
Obviously,
if
they're
going
to
have
bitcoin
as
legal
tender,
then
I
and
and
the
us
dollars
also
legal
tender
there.
It
seems
like
there's
sort
of
a
going
to
be
a
lot
of
opportunities
for
btc
vaults,
with
dye
as
well
so
yeah.
H
Yeah,
absolutely
absolutely
we
are
on
that.
It
was
a
surprise
for
us,
el
salvador
because,
like
they
are
not
that
into
crypto
so
like
there
are
not
so
many
exchanges
there
like.
Actually
it
was
hard
to
convert
theater
to
crypto
so
like
the
the
crypto
space
in
there
is
almost
like
there
there's
no
crisp
crypto
space,
so
it
was
a
surprise
for
all
so
but
yeah
we
are
trying
to
reaching
out
like
it.
H
E
Okay,
so
our
yeah-
this
is
one
from
scs
sustainable
system
scaling
quick
update,
so
I
don't
bore
everyone,
but
just
to
go
really
really
fast.
The
project
dog
foot
keeps
moving
forward.
This
is
the
one
that
will
help
other
people
to
actually
create
core
units
as
a
reminder
and
we're
already
assisting
other
core
units
with
the
different
things,
such
as
legal
setups
payments
and
whatnot,
and
actually
helping
projects
navigate
the
maker
governance,
hopefully
to
onboard.
E
Better
yep,
that's
very
weird,
nice
zoom,
okay,
so
on
the
business
development
side,
we're
quite
excited.
We
just
closed
the
deal,
we're
going
to
be
giving
more
details
next
week,
but
things
are
looking
quite
nice
on
that,
and
we're
also
discussing
three
deals
for
future
core
units
to
join
the
kibera
program.
So
we're
quite
excited
regarding
that
and
we're
working
on
the
okrs
and
has
improved
sds
portal
coming
soon,
I'm
tempted
to
put
the
trademark
there.
E
Regarding
the
incubation
program,
I
mentioned
already
that
the
talent
core
unit
started
this
month
and
it's
already
live.
I'm
going
to
be
talking
about
that
in
a
second
and
the
dark
score
unit,
which
is
the
front
end,
is
going
to
have
a
meet
and
greet
tomorrow
at
2,
30
utc
in
the
ses
weekly
update,
call
so
you're
more
than
welcome
to
join
and
and
yeah
there's
there's
more
coming
regarding
the
talent
code
unit.
I
don't
know
theodore
if
you
want
to
give
a
quick
update
on
on
this.
C
Or
it
would
be,
it
would
be
great
we're
making
small
steps,
but
we
know
we
definitely
know
we're
certain
about
the
direction
we're
going
towards
now.
We've
started
to
have
initial
conversation
with
different
core
units,
assess
their
needs
a
bit
better,
try
to
understand
what
type
of
people
they
would
like
to
have
as
part
of
their
teams
and
to
sustain
their
goals,
and
we
should
shortly
soon
enough
have
a
talent
portal
as
well.
C
Next
week
we
will
align
our
on
our
objectives
with
the
scs
and
aim
to
set
a
game
plan
for
the
next
three
months
and
in
case
everyone
would
need
help
with
writing
job
descriptions,
putting
together
a
funnel
for
interviews,
outreach
in
terms
of
candidates
and
just
ensure
that
people
understand
the
maker
ethos,
we're
more
than
glad
to
help
reach
out
on
discord,
email
and
that's
about
it
from
our
side.
Thanks
one
for
the
intro.
E
Thank
you,
too
yeah.
We
did
a
call
that
you
can
check
on
our
public
folder
where
it
goes
into
detail
regarding
how
they
help,
but
basically
takes
a
lot
of
effort
from
the
core
unit,
because
they
help
writing
the
job
description
reaching
out
filtering
the
the
candidates
explaining
how
maker
works.
So
that's
that's
quite
useful
in
in
general,
so
reach
out
to
him
if
you,
if
you
want
or
if
you
think
that
you
might
need
their
help
regarding
the
maker
community,
we
have,
I
think,
was
yeah.
E
Yesterday
we
had
kathleen
present
again.
Their
strategic
mark
comes
quite
interesting
to
see
their
new
proposal
really
well
done.
So
please
go
to
the
youtube.
If
you
want
to
see
it,
and
we
also
have
the
lex
maker
series
with
the
foundation
speaking
out
maker,
ip
and
and
a
bunch
of
legal
stuff,
also
already
on
on
youtube
regarding
collateral
onboarding,
we
will
have
stefan
from
gnosis
next
week
to
to
present
their
mip
six
for
gino
ogno.
E
I
I
I
Then
we
reach
out
to
them
and
we
basically
explain
to
them
how
they
can
work
for
the
dao
right
so
for
a
decentralized
protocol,
and
that's
it's
quite
a
bit
of
work,
because
these
companies,
of
course,
they're
used
to
work
for
clients
that
are
centralized
organizations.
So
they
used
to
have
they're
used
to
have
a
a
person
on
the
other
side
that
they
can
talk
to
and
that
they
can
negotiate
the
contract
with
and
that
the
contract
can
be
signed
and
that
they
then
will
get
paid
in
the
traditional
way.
I
So
a
dedicated
team
that
specializes
in
maker
and
that
could
then
ultimately
put
up
their
their
own
nip
to
to
provide
that
service
in
the
long
term
to
the
maker
ecosystem
and
the
the
the
other
part
of
that
is.
The
incubator
program
that
that
is
already
up
and
running
so
when
we
do
on
variety
service
providers
in
the
ecosystem.
I
There
is
so
much
to
explain
and
to
to
organize
together
with
them
there
that
we
are
suggesting
that
they
join
the
incubator
program
and
that
we
can
in
that
way,
help
them
to
basically
develop
within
their
area
of
expertise,
a
business
model
that
works
for
the
dao
and
specifically
for
make
it
down.
So
that's
what
we
mean
by
onboarding
service
providers.
A
C
Yeah
thanks
peyton,
I
just
dropped
a
link
in
the
chat
to
our
update
in
the
forum
main
focus
for
this
week's
been
hiring
we're
looking
for
a
couple
of
writers
and
a
video
producer
to
help
us
out
big
thanks
to
juan
teo
andrew
everybody
else.
Who's
sent
us
some
candidates
already
we're
interviewing
this
week
and
next
and
are
hoping
to
get
that
nailed
down
start
getting
them
on
boarded.
C
So
to
figure
this
out,
we
think
the
best
thing
to
do
is
host
some
kind
of
art
contest
and
we
want
to
get
feedback
from
the
community
on
the
best
way
to
do
that.
So
we're
planning
on
scheduling
a
planning
session
next
week
and
we're
going
to
reach
out
to
a
bunch
of
the
people
who've
shown
interest
in
that.
So,
if
you're
interested
please
get
in
touch
otherwise
yeah,
that's
I'll!
Keep
it
short
and
sweet
for
this
week.
A
E
G
All
right,
sweet
all
right,
cool
yeah,
welcome
everybody
to
the
weekly
mips
update.
My
name
is
dave
utrobin.
I
am
a
fellow
mip,
editor
and
contributor
and
I'm
actually
proposing
a
core
unit,
but
yeah
today,
I'm
talking
the
capacity
of
mip
editor,
so
yeah
welcome
to
the
monthly
cycle
of
june.
Things
are
significantly
different.
G
This
cycle,
so
we've
actually
updated
like
what
the
votes
are
and
how
the
monthly
cycle
operates
this
month
as
a
result
of
mip
51
passing
last
month's
governance
cycle,
and
so
here
is
a
a
visual
of
what
the
calendar
this
month
looks
like
nothing
has
changed
with
regards
to
formal
submissions.
They
still
happen
on
the
first
week
of
the
month.
G
G
So
if
there's
an
upset
like
three
related
nips
they'll
run
in
one
poll,
but
besides
that,
there's
no
more
bundling
so
really
happy
about
that,
and
also
it
gives
mkr
voters
two
weeks
to
vote
rather
than
like
three
days
on
three
different
votes
that
aren't
even
on
weekends
right.
So
so
overall,
this
has
been
a
really
cool
thing
to
see
and
so
be
mindful
as
an
mkr
voter
this
month
that
things
are
a
little
different.
G
So
we
have
nine
formal
submissions
this
june,
so
one
of
them
is
mib
54
dss
best.
It's
a
technical
mip
that
contains
code
for
the
mkr.
Investing
module
so
definitely
check
that
out.
The
rest
are
all
core
unit
related,
so
we
have
a
second
governance
facilitator
being
onboarded
for
gov
alpha.
That
is,
if
it
gets
voted
through
so
peyton
rose
for
our
second
official
governance.
Facilitator.
Definitely
check
that
out.
We
have
actually
four
different
budget
module
modifications.
G
G
As
for
week,
two
and
week
three
of
this
governance
cycle,
which
is
next
week
and
the
week
after
there's
only
really
one
thing
relative
to
relevant
to
the
monthly
cycle,
which
is
the
two
week
ratification
polls.
So
they
go
live
on
june
14th
at
4
pm
utc
and
they
end
two
weeks
later
on
june
28th,
4
pm
utc
so
definitely
vote
on
those
whenever
they're
up
and
just
to
review.
What
ratification
polls
actually
are
so
again
they're
two
weeks
they're
in
order
for
them
to
pass?
G
There's
a
minimum
positive
participation,
value
of
10
000
mkr,
meaning
that
the
yes
must
exceed
the
no.
When
the
poll
closes,
that's
number
one,
but
then
also
the
yes
vote.
We
must
exceed
the
minimum
positive
participation
value
when
the
poll
closes,
so
there
has
to
be
a
10
000
mkr
lead
on
yes,
basically
and
so
yeah.
G
It's
a
binary
poll
which,
in
maker
terms,
means
it's,
yes,
no
abstain
and
so
yeah
those
are
ratification
polls
and
as
for
new
mips
in
rfc,
we
we
saw
amy
jung,
post,
mip
55,
which
is
called
the
special
purpose
fund.
It's
a
fund
for
fulfilling
a
narrow,
specific
or
temporary
objective
and
it-
and
it
uses
like
a
two
of
three
multisig
with
community
mandated
signers
called
comptrollers,
and
this
this
type
of
fund
actually
like
there's
a
very
similar
example
that
the
gov
alpha
core
unit
actually
used.
G
They
had
an
interim
dow
multisig
for
a
little
while
between
themselves
and
a
few
other
core
unit
and
mandated
actors,
and
so
this
is
kind
of
like
a
more
formal
version
of
that.
If
core
units
have
like
one-off
things
that
they
want
to
fund
and
yeah,
it
gives
a
little
bit
more
tools
in
the
toolbox
of
core
units,
so
really
cool
to
see
that
there's
also
mip
52,
which
is
a
dispute
resolution
posted
by
greg.
G
G
As
for
core
units
in
rfc,
we
have
collateral,
onboarding,
actually
converted
their
name
to
collateral
engineering
services.
So
this
is
a
monkey
irish
still
leading
it
and
after
doing
the
pod
session
and
getting
some
feedback
yeah,
he
he
polished
up
those
proposals.
So
I
highly
encourage
you
all
to
check
those
out.
G
There's
also
still
the
strategic
happiness
core
unit
being
proposed
by
saint
bourbon.
This
is
a
pretty
low
budget,
just
like
a
meme
poster
core
unit
that
everybody
loves
to
joke
about,
and
you
know
it's
cool
to
have
some
positivity
and
some
memes
in
the
community
so
consider
that
we
also
saw
a
new
marketing
team
being
proposed
amazix
marketing
proposed
by
mitchell
from
basics.
I
saw
those
proposals
up
in
the
forum
this
week
and
we
assigned
them
special
proposal
numbers
and
everything.
G
It
is
a
team
with
a
proposed
annual
budget
of
around
two
and
a
half
million
dollars
a
year
very
similar
to
the
well.
Actually,
I
guess
it's
like
half
of
the
current
marcom's
team's
budget,
but
also
the
team
size
is
smaller.
There's
five
permanent
team
members
and
also
there's
a
lot
of
kind
of
questions
on
the
forum
that
they
haven't
addressed.
So
this
is
fresh
rfc.
G
So
rfc
period
has
just
began
for
their
proposals,
so
highly
suggest,
reading
through
it
and
and
continuing
to
give
feedback
as
a
community
and
again
like
the
main
difference
is
the
annual
budget
is
approximately
the
same
as
their
old
proposal,
but
this
one
has
no
moonshot
fund,
which
was
an
additional
five
million
dollars
a
year
just
to
have
for
like
special
partnerships,
so
they
took
that
out
of
the
proposal
and
then
the
team
information
changed
a
little
bit.
There's
a
team
size
of
eight
with
three
planned
tires.
G
We
also
saw
governance
communications,
which
is
the
core
unit
that
I'm
actually
proposing.
It
also
received
a
renewed
mandate,
so
we
actually
opted
not
to
go
through
a
governance
cycle.
Instead,
we
took
an
extra
month
or
two
to
refine
the
proposal
and
we
posted
a
renewed
version
on
may
26th.
So
go
check
that
out.
The
proposed
annual
budget
is
about
half
a
million
dollars
a
year
with
with
a
permanent
team
size
of
around
three
people
and
also
seven
to
ten
contributors.
G
It's
kind
of
a
revolving
door,
but
yeah
check
those
out
and
definitely
leave
feedback
or
dm
me
or
yeah,
always
always
always
appreciate
it
and
then
other
updated
statuses
for
mips.
So
we
saw
mip
53,
which
was
proposed
by
planet
x,
the
mip,
sorry,
the
mkr
compensation
guidelines
that
were
proposed
by
planet
x
and
in
in
partnership
with
the
working
group
that
was
formed
to
produce
this
plan,
and
so
planet
x
actually
withdrew
that
post
and
I
thought
I
had
actually
screenshotted
his
his
comment
but
yeah.
G
He
withdrew
it
and
and
I'm
happy
to
actually
give
the
floor.
It's
a
planet
x.
If
he's
here,
he
wants
to
talk
a
bit
about
the
reasoning
for
the
withdrawal,
but
he
did
talk
about
it
in
the
comment
on
the
forums
so
feel
free
to
check
that
out.
If
you're
curious
and
yeah,
I
encourage
everybody
to
go
on
the
forums
I
think
elihu
has
been,
and
generally
the
gov
alpha
team
has
been
doing
a
great
job,
fixing
the
categories
and
making
things
a
lot
more
user
friendly.
G
E
G
Yeah
yeah,
no
totally
yeah.
I
think
it
was
an
accident.
I
didn't
realize
that
I
missed
this
okay,
so
this
is
an
additional
little
update.
So
we
did
see
a
budget
modification
mip.
Get
posted
to
the
forum
by
demios,
I
think,
is
how
you
pronounce
the
user's
name.
So
this
is
actually
a
really
interesting
case,
because
it's
the
first
time
that
a
non-team
member
or
non-facilitator
of
a
core
unit
has
posted
like
a
budget
modification
on
behalf
of
another
core
unit,
so
this
community
member
posted.
G
You
know
this
modification
for
gov
alpha.
Basically,
just
saying
hey
like
I
want
this
team
to
get
mkr
compensation,
and
this
was
interesting.
We
talked
a
bit
about
it
in
the
internal
like
gov
governance,
domain,
chat,
channel
and
and
yeah,
it
was
kind
of,
like
I
wasn't
sure,
immediate,
like
at
first
glance
how
to
really
respond.
Like
do
I
assign
this
proposal
an
sp
number
like,
even
though,
like
it's,
not
the
facilitator
of
the
core
unit
or
like
a
team
member.
G
I
think
somebody
from
that
team
has
to
clear
it
with
the
mip
editor
before
we
we
like
actually
treat
it
because
it's
kind
of
like
I
don't
know,
and
I'm
also
open,
because
this
is
kind
of
a
new
situation
that
I'm
thinking
through
and
juan,
has
also
given
me
a
ton
of
a
ton
of
like
the
other
side
of
the
argument.
So
at
the
moment
it's
like
a
little
weird,
but
the
author
is
totally
cool,
he's
happy
to
let
govalfa
actually
take
over
that
that
budget
modification
but
yeah.
A
I
guess
the
one
thing
I
would
as
like
a
it,
wouldn't
be
all
budget
modifications
right
like
because,
like
let's
say,
you
wanted
to
defund
a
core
unit.
Assumingly
a
core
unit
wouldn't
do
that
themselves,
but
this
is
a
pretty
interesting
case
for
us
to
think
about
and
talk
about
on
the
forums
as
it
is
like
with
vesting
particularly
investing
with
without
a
prior
plan
in
place.
A
So
I
do
encourage
everyone
to
hit
up
that
forum
and
leave
your
thoughts
as
we
figure
out
the
how
we
want
to
roll
with
it
cool
so
just
wanted
to
confirm
long,
we'll
be
back
sunday
evening
to
add
things
into
the
voting
portal
for
the
mips
that
will
be
relevant.
In
the
meantime,
I
can
tell
you
that
we
have
gone
over
all
the
qualifications
and
ensured
that
the
nine
mips
that
david
just
presented
are
good
to
go
and
will
be
appearing
on
the
ratification
polls.
A
A
A
There
was
a
little
bit
of
additional
context
I
wanted
to
give
in
here
as
well.
There
was
a
small
typo
in
the
in
the
section,
basically
going
over
the
the
copy
of
the
different
options.
Luckily,
on
the
vote
itself,
all
all
options
appeared
correct.
So
we
don't
believe
that
in
any
way
influence
the
vote,
but
I
do
think
it's
important
to
disclose
just
get
that
out
of
the
way
first
and
second
wanted
to
circle.
A
A
There's
community
intention
to
drop
to
to
a
much
lower
liquidation
ratio,
but
with
nick's
comment
in
mind
from
from
the
oracle
side,
we
do
think
that
it
is
appropriate
to
put
it
in
this
week's
executive
at
102
liquidation
ratio,
rather
than
the
winning
option,
which
was
101,
and
the
liquidations
will
still
be
off
for
that
talking
to
promotion.
I
don't
know
if
you
want
to
add
some
color
here,
but
basically
the
from
the
wrist
perspective.
A
A
A
C
A
Yeah,
so
without
strong
community
objection,
that
is
the
plan
for
tomorrow,
the
the
copy
will
be
to
be
dropping
to
102
rather
than
101,
and,
like
nick
said,
we
can
still
do
a
further
signal.
If
we
want
to
push
it
down
further
to
101,
we
might
need
to
get
liquidations
figured
out.
I
don't
know
if
there'd
be
an
order
of
operations
laying
there
or
not,
but
those
are
the
two
things
that
would
probably
need
to
be
sorted
as
as
we
tinker
with
it
further.
A
Seems
like
most
people
are
are
okay
with
that
discussion.
Do
feel
free
to
reach
out
to
me
privately.
We
do
have
the
governance
suggestion
box
as
well.
That's
a
great
way.
If
perhaps
you
want
to
express
some
dissent
but
you're
worried
about
tying
your
identity
to
it.
That
does
get
read
every
week
and
yeah.
I
encourage
using
that
for
for
anyone,
who's
not
comfortable,
either
publicly
or
privately
coming
forward.
A
A
A
Yeah
well
yeah,
but
still
you
could
leverage,
but
these
are
stable
coin
pairs
right.
So,
in
theory,
neither
die
nor
usdc
should
be
departing
too
much
from
their
peg
and
for
the
base
oracle.
We
do
still
have
those
at
one:
okay,
okay,
so
it's
more
in
terms
of
like
the
the
concern
comes
from
the
the
stability
fee.
Basically,
if
the
pool
itself
is
not
earning
more
than
the
stability
fee,
then
that
would
push
the
items
over
into
liquidation.
I
see
nick
popped
out
on
camera.
A
Abby,
that's
pretty
much
all
for
me
basically
that
if
the
stability
fee
were
to
outpace,
the
fees
generated
by
the
pool
which,
especially
with
the
transfer
to
v3,
is
kind
of
looking
to
be
the
case
that
could
result
in
in
the
positions
being
under
collateralized,
which
not
a
good
deal
for
us.
Despite
the
good
intent
of
the
people
bringing
the
assets
under
the
protocol,
so
dropping
this
philly
vita
half
a
percent
does
help
mitigate
that
as
well.
A
D
A
D
A
Right
are
there
any
other
topics
for
your
discussion?
I
know
we're
coming
up
on
the
end
of
our
planned
meeting
time
here.
I
am
happy
to
end
it
early,
but
also
want
to
give
a
chance
if
there
are
things
that
haven't
been
discussed
or
anyone
on
the
call
would
like
to
discuss
something
further
during
the
recorded
version.
That's
that's
now.
Here's
your.