►
From YouTube: Governance and Risk | Ep. 151
Description
Introduction
@LongForWisdom: Hosting, Introduction, Agenda.
Weekly Updates
I’d encourage those listed to try keep this to 5 minutes!
Poll + Executive Status - @LongForWisdom
Governance - @GovAlpha-Core-Unit
Protocol Engineering - @Protocol-Engineering
Risk - @Risk-Core-Unit
Oracles - @Oracles-Core-Unit
Real World Finance - @Real-World-Finance
Growth - @Growth-Core-Unit
Content Production - @Content-Production
Sustainable Ecosystem Scaling - @SES-Core-Unit
MIPs - @MIP-Editors
Discussions and General Q&A
Discussion about the marketing Core Unit proposals that are being voted on at the time of recording, as well as a broader discussion about marketing for MakerDAO in general.
A
Hello,
everyone
and
welcome
to
the
make
it
out
scientific
governance
risk
meeting
number
151
taking
place
on
the
22nd
of
july
2021..
My
name
is
wisdom.
I'm
one
of
the
government's
associated
maker,
dao
yeah,
I'm
one
of
the
two
people
who
chair
these
meetings.
As
always,
we've
got
a
bit
of
an
agenda
to
get
through
and
have
some
updates
from
the
facilitators.
A
A
A
All
right,
so
I
will
head
over
to
prison
just
a
second,
but
we're
going
to
start
with
some
updates
of
where
we're
at
governance
wise.
So
we
didn't
actually
have
any
poles
ending
this
week,
but
we
have
two
sets
of
poles
still
active.
We
have
two
green
light:
poles
active
the
gelato,
univ3
usdc
lp
token
on
the
acronyms,
and
we
also
have
the
untangled
finance
drop
token
green
light
poll
up.
B
Yeah
absolutely
so
been
a
semi-busy
week
for
us
over
gov
alpha
a
lot
of
stuff
going
on
highlights
are,
you
might
have
noticed
the
announcement
of
the
delegation
process
so
huge
thanks
still
along
for
putting
together
all
that
documentation.
I
guess
I
should
share
the
link
to
my
update,
so
you
can
follow
along
if
you
wish
got
links
in
there
for
the
different
posts
that
long
has
put
together.
B
We
are
intending
to
do
a
six-month
budget
this
time
so
two
quarters,
rather
than
one
typically
I've
been
doing,
and
that's
just
because
with
a
one-quarter
budget
you
can
only
have
one
month
until
you
have
to
start
drafting
again
and
that
makes
makes
the
process
a
little
difficult
other
highlight
was
over
the
weekend.
We
did
have
a
replacement
spell
go
up,
so
you
can
read
my
governance
report
on
that
and
I
believe
there
will
be
a
postmortem
from
the
pe
team
coming
sometime
soon
as
well.
B
Outside
of
that
stuff,
we've
been
working
on
the
mips
portal.
So,
if
you
haven't
been
there
lately
you
should
check
it
out.
I
believe
the
latest
update
isn't
quite
live
yet,
but
we'll
be
going
live
later
today,
you'll
notice,
some
new
mini
editions
and
basically
a
better
organization
for
sub
proposals.
B
A
C
We
go
to
the
three-point
summary
first
point:
the
surplus
buffer
went
down
to
48
million
die
after
hitting
50
million
for
the
very
first
time.
This
was
due
to
a
current
unit
budget
distributions.
Last
weekend,
the
total
value
locked
went
down
a
bit
too,
but
not
too
much
to
almost
9.2
billion
and
pegs
looking
stable.
Since
last
week
in
announcements,
tim
posted
a
couple
of
interesting
articles
in
this
week's
relay,
you
may
have
missed
stable
coins,
facilitating
an
astonishing
1.7
trillion
in
transaction
volumes
in
the
second
quarter.
C
According
to
methory,
also
stable
coins
swelled
by
13
billion
in
30
days.
Capturing
67
percent
of
today's
crypto
trade
volume
loan
for
winston
also
brings
us
to
post
about
delegation
in
which
details
the
purpose,
types
and
requirements
to
be
a
delegate,
a
delegation
and
maker
dao
and
recognize
delegate
requirements.
C
We
have
also
a
couple
of
discussions
die
on
different
chains.
Number
two
alec
delves
more
about
the
wallets
holding
die
on
non-evm
chains.
Planet
x
expressed
his
opinions
against
the
ratification
pole
for
a
strategic
markham's
core
unit,
prompting
various
responses
from
several
members
of
the
appointed
team.
C
Pepin
imperium
brings
his
thoughts
on
the
recent
paper
released
by
the
federal
reserve,
with
the
national
bureau
of
economic
research
about
regulating
stable,
stablecoin
easiers
as
banks,
oh
boy
and
the
final,
and
the
final
one
is
about
the
amazing
marketing
core
unit.
In
the
final
stretch
of
the
voting
for
the
onboarding
of
the
amazing
score
unit
in
the
executives,
an
anonymous
post,
reignites
debate
as
some
community
members
believe
this
might
not
be
the
best
approach
as
to
how
we
discuss
this
kind
of
matters
and
only
one
signal
request.
This
week,
ultrashoopy
is
signaling
to
race.
C
A
D
Yep,
hey
everybody
chris
from
particle
engineering,
so,
as
you
know,
like
a
good
chunk
of
the
teams
in
paris
right
now,
so
our
update's,
a
little
sparse
and
we've
also
been
kind
of
encumbered
by
just
a
really
big
review.
So
on
the
topic
of
that
review,
so
we've
been
looking
at
the
four
new
centrifuge
asset
editions
for
real
world
assets
and
created
a
kind
of
you
know
really
large,
comprehensive
checklist
of
things
to
go
through
every
time
we
onboard
these.
D
This
is
kind
of
upfront
work
and
hopefully
we'll
make
things
faster
in
the
future,
but
all
of
those
four
collaterals
are
currently
in
covan,
so
that
spell's
been
executed
and
they're
running
there
and
we're
in
the
process
of
reviewing
the
main
net
spell
now.
You'll
get
a
kick
out
of
the
checklist.
If
you,
if
you
go
to
the
spills,
mainnet
repo
and
look
at
that
checklist,
it's
it's
it's
a
beast!
So
then
for
contract
work
we
have
the
dss
fest
code,
which
is
still
an
audit.
D
I
think,
to
manage
expectations.
We
likely
will
not
be
on
gourley
by
the
time
london
hits
main
net
which
which
isn't
ideal,
but
you
know
I
think
it.
It
is
what
it
is,
and
I
don't
know
if,
if
that's
going
to
be
a
blocker
for
anyone
or
if
that's
a
major
problem
for
another
team,
like
let
us
know
so,
I
imagine
we'll
be
completely
cut
over
to
girly,
like
probably
in
the
next
month
or
so,
and
also
the
the
dss
charter,
which
was
this
sort
of
like
a
permission.
D
Vault
type
thing
right:
that's
been
in
review
and
discussion
with
the
risk
and
growth
teams,
so
I'm
guessing
that
they
met
in
person
in
paris.
So
I
don't
know
if
maybe
they'll
cover
that
in
more
detail
and
then
and
then
we
had
a
postmortem
that
we're
reviewing
now
that
we'll
post
for
the
the
spell
that
was
off
the
sort
of
tldr
is
that
the
debt
ceiling
for
that
spell
needed
to
be
increased
and
our
normal
process
goes
to
the
dss
executive
to
increase
the
debt
ceiling.
D
So
in
the
normal
case,
in
oracle,
like
is
always
adjusting
the
price
in
in
the
case
of
real
world
assets,
we
kind
of
like
mock
out
the
oracle,
and
so
we
actually
need
to
like
adjust
the
price
in
the
oracle.
At
the
same
time,
we
increase
the
adjustment
of
the
price
that
we
had
forgotten.
It
was
the
first
time
we've
ever
increased
a
debt
ceiling
for
the
real
world
assets,
which
is,
which
is
why
this
was
missed,
but
there'll
be
more
details
in
that
that
postmortem.
D
D
D
Yeah,
so
so
covan
is,
which
is
the
test
night
we
use
now
is
at
end
of
life,
so
they
are,
are
no
longer
going
to
support
updates
and
so
we're
not
going
to
get
a
chance
to
see
like
london
as
deployed
on
the
coven,
made.
Those
changes,
because
I
know
because
I
keep
having
to
update
my
open
ethereum
nodes
in
order
to
like
get
them
to
to.
D
D
But
obviously
I
think
it
was
robston
went
first
and
that's
slightly
relevant
because
there
was
a
consensus
bug
like
yesterday
or
the
day
before,
which
maybe
I
had
seen
like
a
few
weeks
ago,
because
I
couldn't
sink
a
note
against
robston
and
that
was
post
their
london
update
and
then
gourley
got
the
sort
of
tail
end
of
the
change
for
for
the
upgrade
to
london
and
and
gourley's.
Very.
D
Like
resilient
test
net,
because
it
you
know,
it's
got
like
it's
multi-client
I
mean
robsten
is
multi-client
too,
but
you
know
gourley.
It
seems
like
in
the
ethereum
core
dev
call
that
gourley
was
going
to
be
the
sort
of
last
test
net.
The
last
staging
environment
before
things
went
to
mainnet
and
and
yeah
in
my
experience,
sinking
gourley
was
was
pretty
good
too,
but
the
yeah
the
downside
here
is:
you
know
the
way
gas
is
handled.
D
Maybe
wallets,
I'm
not
sure
that
we're
going
to
get
a
chance
to
test
all
of
the
let's
say
the
the
biggest
impact
would
be
with
uis
on
coven.
It
would
be
nice
if
we
were
already
on
gourley
unable
to
test
that.
But
a
lot
of
this
covan
shutting
down
news
came
a
little
bit
late,
at
least
for
our
ability
to
sort
of
like
stay
on
schedule
and
react
to
it.
So.
D
D
E
E
D
That's
right,
I
would
even
say
keepers
how
we
calculate
gas.
All
of
that
is
going
to
be
totally
different,
so
keepers
need
to
think
about
how
they're
calculating
gas,
maybe
if
you're
describing
the
sort
of
guy
and
those
apis
have
have
updated,
how
they
calculate
gas,
then
you'll
be
okay,
but
yeah
that
that,
I
think,
is
the
sort
of
biggest
caveat
is
just.
How
do
you
calculate
gas.
D
E
Maybe
we
can
move
this
discussion
to
after
the
updates,
because
yeah,
I
think
it
grants
more
in-depth
discussion,
especially
because
there
are
a
few
scenarios
that
can
unfold
right.
This
is
a
very
big
update.
Big
updates
can
bring
volatile
market
conditions
with
them
and,
at
the
same
time,
the
the
the
processes
that
prevent,
for
example,
black
thursdays
will
be
retested
in
a
new
environment.
D
Exactly
yep,
so
if
we're
all
calculating
gas
wrong
and
we
get
volatile
network
conditions
and
then
the
keepers
don't
work,
we're
in
trouble
so
yeah
we
we
can
we'll
have
time,
probably
at
the
end
of
the
call.
We
can
just
think
about
a
few
things
all
together
and
maybe
come
up
with
some
plan
of
action.
F
F
Now
we've
been
rolling
it
out
to
to
the
rest
of
them,
so
we're
in
the
final
stages
of
of
that
rollout.
So
hopefully,
next
week
I
can.
I
can
be
up
here
telling
you
guys
that
the
the
rollout
has
been
100
complete,
and
I-
and
I
think
the
timing
of
that
is-
is
quite
good.
Considering
it'll
be
right
when
right
when
we
leave
the
foundation,
I
think
that's
a
good.
That's
a
good
break
point
before
we
kind
of
start
the
the
next
projects
that
we
have
in
mind.
F
Those
seem
like
the
kind
of
two
interim
projects
that
we're
going
to
be
doing
before
we
really
kick
off
the
the
kind
of
a
big
road
map
that
we
have
for
for
the
oracle
core
unit
for
for
the
actual
oracle
protocol
other
than
that
just
a
a
ton
of
kind
of
little
things
here
and
there,
like.
I,
I
think
we
added
support
for
matic
and
and
so
testing
for
that
is,
is
underway.
G
G
G
G
G
A
H
H
So
we
would,
if
we
unborn
all
coordinates,
we
will
be
negative
in
net
income,
so
we
will
lose
some
make
a
deficit,
but
we
will
still
be
cash
flow,
positive,
which
is
kind
of
good,
because
we
can
increase
the
surplus
by
far
this
way,
but
still
not
a
lot.
So
maybe
you
can
follow
the
discussion
in
the
forum
and
participate
to
chime
in
and
see
what
the
protocol
should
do
regarding
the
situation.
H
Obviously,
the
situation
is
quite
freed
and
we
can
have
more
news
in
the
following
months
or
less,
but
it's
always
good
to
have
a
spreadsheet
to
work
on
and
get
some
tests.
Some
hypotheses,
and
also
the
news,
is
besides
four
centrifugal
assets
that
will
be
on
the
spell
that
should
be
on
the
spell
tomorrow.
As
all
the
news
is
on
the
selex
front,
we
might
get
to
be
too
late
to
take
the
opportunity
to
invest
in
the
solar,
the
first
pro
firm
project
they
are
working
on.
H
We
are
still
working
with
them
and
operates
on
other
kind
of
projects,
but
our
main
focus
is
to
donate
right
and
we
are
working
a
lot
on
the
common
foundation.
Most
of
the
stuff
are
more
or
less
solved.
We
have
a
call
with
oga
tom
road
to
to
fix
the
last
things,
and
we
have
start
to
work
on
a
mip
for
the
communication
between
the
make
a
dial
and
the
foundation
so
more
on
that
it
should
be
your
end
of
the
month.
A
I
I
It
was
interesting
also
to
see
all
these
people
who
are
followers
of
maker
and
are
always
wanting
to
understand
what
we
are
doing
and
definitely
we
we
have
to
have
more
presence
in
in
conferences
like
this
also
well
gustav,
and
I
participated
in
indeed
cc.
Gustav
talked
about
real
world
assets,
and
I
talked
about
the
transition
from
the
foundation
to
the
dao
and
and
in
other
news.
Well,
during
the
past
months,
we
have
been
working
with
grayscale.
I
I'm
sure
you
you,
you
saw
the
announcement
of
grayscale
about
including
the
maker
token
in
the
d5
d500.
They
they
they
just
launched.
We
were
we.
We
have
been
working
with
them,
explaining
to
great
skills,
legal
team,
everything
about
maker
and
in
the
following
in
the
following
weeks.
We
will
start
also
we'll
start
also
some
educational
program
that
they
want
to
launch
for
their
investors
and
thank
you
so
much
to
nick
who
well,
who
was
in
the
in
the
twitter
space
of
grayscale
on
tuesday,
to
tell
everyone
about
maker.
A
I
I
A
I
A
K
Yeah,
thank
you
got
a
few
more
updates
than
usual,
but
I'll
try
to
keep
them
brief.
I'll
drop
a
update.
You
posted
in
the
forum
in
the
chat
this
week,
we
included
a
quarterly
update.
This
is
our
last
update
for
our
first
quarter
in
operation,
so
we
gave
a
little
update
there
we'll
give
an
accounting
update
in
the
next
one
to
let
everybody
know
where
our
funds
are
at
the
budget
that
we
propose
for
the
next
quarter
is
currently
passing.
So
thank
you.
K
K
From
this
last
week's
episode
of
make
a
relay
so
we're
going
to
be
doing,
updates
that
cover
current
events,
the
state
of
die
and
voted
poles
has
taken
a
little
bit
of
work
kind
of
getting
getting
the
lift
on
production
there.
But
as
we
as
we
do
this
like
for
two
or
three
weeks,
you
know
once
we
get
two
or
three
weeks
into
this,
that
process
should
be
very
streamlined
and
we
think
this
will
be
a
pretty
low
effort.
K
We've
also
been
working
on
our
plans
for
more
explainer
videos.
We've
been
met
with
governance
and
protocol
engineering
to
talk
about
some
videos
specifically
focused
on
governance
and
the
protocol
and
our
kind
of
honing
the
organization
of
these.
But
if
anyone
has
any
specific
videos
that
they
would
like
to
see
or
ideas
on
how
these
might
be
organized,
please
feel
free
to
get
in
touch
we'll
have
any
any
feedback
we
can
get
on
that.
K
K
K
K
K
Yeah,
as
the
girl
team
mentioned
cat
is
hanging
out
at
hcc
this
week
and
got
the
opportunity
to
speak
at
the
maker
mafia
event
yesterday.
So,
if
you're
there
and
want
to
learn
more
about
the
what
the
content
team's
up
to
please
get
in
touch
with
her
and
last
but
not
least,
we've
put
a
post
in
the
forum
about
conducting
brand
research,
basically
looking
to
speak
with
anybody
who
might
be
interested
about.
K
K
L
K
You
know
the
portal
was
essentially
created
to
make
it
easy
for
contributors
to
to
update
it
and
unfortunately,
like
the
more
we
looked
into
the
back
end.
It
just
requires
too
many
updates
for
us
to
there's
kind
of
just
too
much
tech
work.
That
needs
to
be
done
for
it
to
to
be
a
robust
solution
for
us.
L
K
K
A
A
A
A
J
A
J
J
Regarding
the
the
videos
last
week,
andy
was
in
the
call
for
for
the
this
weekly
call
that
we
have,
and
he
spoke
about
growth
responsibilities
and
gave
like
a
very
quick
overview
on
how
to
kind
of
organize
your
core
units.
So
if
you
missed
it,
the
video
is
in
the
public
folder.
It
was
very,
very
interesting
and
setting
different
review
times
and
and
schedules
and
how
to
do
it
and
organize
internally.
J
So
so
it
might
be
a
nice
watch
for
anyone
with
the
korean
we're
still
oh
yeah,
sorry
and
tomorrow
nicola
is
going
to
be
doing
an
update
on
the
incubation
program.
It's
looking
really
really
good.
So
I'm
looking
forward
to
tomorrow's
call
as
well.
You
can
join
us
at
2,
30
utc,
the
dive
foundation
mips
are
still
in
rfc
we're
getting
a
lot
of
comments
which
are
really
good
and
and
push
us
to
communicate
better.
What
we're
trying
to
to
do
so.
So
we
are
drafting
answers.
J
Regarding
the
in
qb's,
I'm
repeating
myself
from
what
I
said
last
week,
but
we
do
have
this
two
new
core
units
joining
soon.
We
will
give
more
details
very
very
soon.
One
is
about
auctions
and
liquidations
and
any
type
of
service
related
to
that
which
is
great
for
the
security
of
the
protocol
and
the
other
one
also
related
to
securities
about
setting
up
a
good
back
bounty
program
and
make
sure
that
any
bug
is
found
in
time
and
can
be
solved.
J
That's
that's
pretty
much
it
regarding
the
community,
and
I
already
mentioned
a
lot
but
yeah
we
were
on
the
w
stores,
decentralized
breakfast
gustavo
myself.
It
was
a
nice
talk
with
different
projects,
including
the
guys
from
one
inch.
Then
the
the
keeping
up
with
the
makerbot
was
really
really
nice.
You
probably
seen
some
of
the
pictures
on
on
twitter
and
tomorrow,
lenka
and
myself
are
going
to
the
taoist
to
discuss
decentralization
in
different
aspects.
J
We
have
confirmed
the
real
world
assets,
collateral
onboarding
with
untangled
on
the
30th,
so
that's
next
friday
and
still
on
august
11th.
We
have
the
know
your
move
declaration
of
intent
for
b
protocol
so
join
us.
If
you
want
to,
if
you
want
more,
can
you
quickly
show
previous
screen
for
a
sec?
Yes
artem?
J
E
A
Yeah
I
mean
I
mean
I
guess
I
guess
I
have
a
question
which
is:
maybe
it's
written
down
somewhere.
I
just
said:
there's
someone
had
a
chance
to
read
it,
but
I
guess
I'm
kind
of
curious
as
to
what
the
I
guess
the
length
of
time
for
the
nqvs
is
like
the
plan
right
like
is
it
kind
of
just
until
until
they're
ready
like
are
any
of
them
like
close
to
ready?
If
that's
the
case
or
is
there
like,
I
guess,
is
it
like
a
fixed
cutoff
or
anything
like
how
does
that
work.
J
Yeah,
so
it
really
depends
it's
the
official
answer
we
are
aiming
for
four
to
eight
months,
but
it
really
depends
on
the
on
the
background
that
each
each
team
will
have
right.
Some
of
them
are
really
really
well
acquainted
with
maker
they've
been
working
among
themselves.
They
have
a
really
solid
base
on,
I
don't
know
anything
has
to
do
with
decentralized
organizations
so,
depending
on
what
what
they
need
to
do.
It
might
be
pretty
much
like.
J
J
Something
that
we
do
have
is,
and
we
will
make
it
public
soon,
but
we
have
a
list
of
of
all
the
modules
that
we
have
built
with
the
potential
deliverable
at
the
end.
So
I
think
that
that
would
be
super
useful
for
for
core
units
that
we
cannot
incubate
because
of
bandwidth
or
because
they
don't
fall
into
our
mandate.
But
anyone
would
be
able
to
pretty
much
follow
the
the
course
on
on
their
own
with
the
provided
templates.
So
definitely
looking
forward
to
that.
E
The
other
comment
that
I
had
was
that
the
timeline
is
also
heavily
influenced
by
the
body
configuration
of
the
team,
mostly
whether
they
have
worked
before
they
have
worked
together
before
or
if
they
are
a
new
team.
A
new
team
takes
way
more
time
to
to
set
up
and
make
efficient
than
a
team
that
has
been
working
together
since
since
a
long
time,
yeah.
L
Hi
everybody,
let
me
get
the
screen
there
we
go.
Thank
you
all
right
cool
all
right.
Let
me
make
this
a
little
larger,
that
all
right,
cool,
hey
everybody,
welcome
to
the
weekly
mips
update
and
today
we're
gonna
be
doing
another
state
of
the
boat.
So,
as
you
know,
we
have
a
new
monthly
governance
cycle
process.
You
know
instead
of
the
old
one.
Now
we
just
have
ratification
polls
for
each
of
the
individual,
mips
subproposals
mipsets
and
currently
we're
about
three
quarters
of
the
way
through
july's
ratification
polls.
L
So
they
last
for
two
weeks
today
is
the
22nd
and
we
are
coming
up
to
the
close
of
the
of
these
votes
on
monday,
the
26th
so
yeah,
let's
check
out
what
what's
happening
right
now,
so
we
already
did
this
last
week,
so
I'm
not
going
to
go
into
all
of
like
the
little
details
of
each
of
these,
so
I'm
just
going
to
name
them
by
title
and
show
you
guys
what's
happening
so
collateral
engineering.
Well,
there's
a
number
of
core
units
right.
So,
let's
start
with
core
units.
L
There's
collateral
engineering
services
currently
no
is
in
the
lead,
with
about
40
000
mkr,
leading
really
curious
to
hear
you
know,
mkr
opinions
on
the
forum
on
why
this
is
an
o
and
all
that
good
stuff.
Amazics,
likewise,
is
leading
with
a
huge
around
40
000
mkr
lead
on
no,
so
that
is
also
not
vibing
with
the
current
mkr
voters.
L
As
for
strategic
marcoms,
this
is
their
second
attempt
formally
submitting
their
core
unit.
They
are
also
leading
with
a
no
with
33
000
mkr
for
no
and
about
11
000
for
yes
and
then.
Finally,
we
have
the
governance
communications
core
unit,
which
is
leading
with
a
yes
at
34
and
a
half
thousand
mkr
and
very
little
on
those.
So
that's
looking
pretty
good.
L
As
for
the
other
two
mips
that
aren't
cus
and
then
the
two
budget
modifications
for
existing
cus
yeah,
so
the
special
purpose
fund,
mip
55,
is,
is
in
a
huge
lead
with
about
40
000
mkr
on
it.
So
that's
looking
good
dispute
resolution
actually
was
leading
last
week
when
I
did
this
update,
but
the
the
winds
have
changed,
and
so
now
we
have
a
very
split
vote
with
about
17
000
on
yes
and
about
20
000
on
no
and
yeah
really
curious
to
hear
this
discussed.
L
L
As
for
budget
modifications,
so
we
had
growth
and
content
production
do
a
couple
of
modifications
and
both
of
those
are
passing
with
flying
colors
with
over
40
000
mkr
on
yes
for
those-
and
I
believe
that's
it
for
the
formal
submissions
and
the
current
vote
so
so
yeah,
it
looks
like
three
quarters
of
the
cus
are
not
doing
too
well
and
mid.
52
is
not
doing
too
well.
L
Everything
else
is
passing
currently,
but
of
course,
we
have
until
monday,
the
26th
to
to
change
our
votes,
to
shift
their
votes
to
see
other
new
voters
come
in
so
yeah.
Let's,
let's
hold
our
breaths
new
and
rfc.
We
have
a
few
things,
so
we
have
the
dye
foundation
core
unit
that
soren
peter
nielsen
posted
and
yeah.
So
last
week
I
actually
got
the
proposed
annual
budget
wrong
based
on
their
budget
mip.
L
It
looks
like
they're
projecting
around
half
a
million
dollars
a
year
of
operating
expenses,
but
part
of
their
proposal
is
also
to
include
a
three
million
dollar
reserve.
It's
not
paid
out
in
full
at
first
it's
like
two
million
dollars
first
year,
then
a
million
dollars
next
year
and
so
yeah.
That
is
that,
and
then
we
also
had
chris
cameron
aka
paper
imperium
propose
a
maker
portfolio
core
unit.
L
We
also
saw,
I
think
it
was
tim
shoopy
who
posted
the
maker
labs
core
unit.
So
this
is
it's
an
rfc
technically,
but
I
think
it's
morally
conception
because
there's
no
facilitator
proposal
for
it
and
there's
no
budget
proposal
for
it.
But
the
idea
is
there.
So
the
mandate
proposal
is
up
and
it's
a
team.
That's
focusing
on
developing
and
releasing
you
know:
minimum
viable
products
of
new
and
experimental
products.
L
The
real
world
asset
committee
that
was
posted
by
greg
and
the
idea
behind
this
mip
is
that
it
formalizes
the
creation
of
a
real
world
assets
committee
and
its
scope
is
basically
to
like
make
recommendations
on
three
particular
points,
which
is
like
structural
requirements
for
real
world
assets.
Geopolitical
implementation
implement
implications
of
real
world
assets,
apologies,
I'm
hopped
up
on
cold
brew
and
business
strategy
of
real
world
assets
and
so
yeah.
L
There
is
a
lot
of
back
and
forth
in
the
forum
on
whether
this
is
needed
as
a
mip
and
so
really
interesting
discussion
happening
there.
Yeah
definitely
feel
free
to
jump
in
there.
If
you
are
interested
and
with
that
that
is
about
it.
For
my
section
yeah
we're
continuously
improving
mips.maker.com
a
huge
shout
out
to
blimpo
and
d
spot
for
for
really
like
putting
tons
and
tons
of
work
into
the
portal
in
the
last
month
and
so
yeah
check
it
out,
and
I
will
now
stop
talking.
A
Yeah,
so
we,
let's,
as
david
said,
I'm
still
going
a
few
more
days
to
to
vote
on
those
active
ratification
polls
yeah
again
if
anyone
yeah,
so
I
think
we
originally
come
to
at
the
end
of
our
agenda.
So
if
anybody,
I
guess,
wants
to
try
and
change
hearts
and
minds
on
any
of
the
current
mips
that
they're
in
that
are
up
for
vote.
L
L
M
M
A
A
A
You
know
if
you're
planning
on
delegating
mkr
to
someone
and
I'm
not
sure
who
this
is
maybe
a
good
thing
to
show
up
to
you,
know,
sort
of
just
kind
of
get
a
feel
for
the
delegates
themselves
like
ask
them
questions.
If
you
want
to,
I
guess,
help
to
sort
of
try
and
get
to
a
point
where
you
can
understand
whether
there's
someone
you're
kind
of
comfortable
delegating
and
go
out
to
or
or
not,
that's
the
case,
maybe.
D
Building
and
and
sort
of
push
forward
a
narrative,
so
it
does
seem,
like
maker,
probably
needs
some
sort
of
marketing
group.
In
fact,
I
think
we've
we've
had
a
few
cases
where,
like
you
know,
we're
just
like
not
not
doing
well
up
against
our
competition.
That's
probably
because
this
group's
in
limbo,
right
now,
so
so
does
anybody
have
like
any
feedback
about
exactly
what's
going
on?
Here
I
mean:
do
we
think
we
can
do
better?
Do
we
do
we
think
we
don't
need
marketing
like?
E
We
wait
for
people
to
speak
up,
that's
more
or
less
the
the
question
that
I
would
ask
as
an
npr
holder.
Even
if
you're
not
100
happy
with
the
proposal,
there
won't
probably
be
an
alternative
for
any
anytime
soon.
So
is
no
mark
marketing
core
unit
better
than
than
having
a
marketing
core
unit
that
maybe
you're,
not
100,
convinced
of
trying
to
prove
itself.
D
N
N
N
K
N
N
N
Right
now,
I'll
prefer
just
to
start
all
over
again,
even
if
that
means
having
no
team
for
months-
and
you
know
this
this-
you
know
not
to
digress
too
much
the
the
issue
with
masix.
It
also
proved
that
we,
we
don't
really
have
a
have
an
effective
interface
towards
an
external
marketing
team,
so
they
they
made
a
proposal
and
it
everybody
was
against
it
and
I
I
think
we
just
have
to
start
from
zero.
L
So
can
I
actually
jump
in
here
and
get
some
clarification,
so
my
understanding
is
that
the
strategic
marcoms
team,
as
it's
proposed
right
now,
is
not
the
same
team
that
was
in
the
foundation
like.
There
are
members
in
that
team
that
were
on
that
team,
but
primarily
it's
it's
led
by
kathleen.
You
know,
so
she
was
working
with
coulter
and
all
that.
So
it's
it's
like
a
derivative
team
and
they
are
pretty
much
starting
from
scratch,
and
I
I
don't.
L
L
Yes,
like
it,
it
like
they
laid
down
or
they
gained
a
lot
of
foundational
knowledge
and
built
out
a
lot
of
the
foundational
like
image
of
maker,
and
so
I
don't
think
that
should
be
put
to
waste
and
having
like
team
members
from
the
original
marketing
marketing
team
in
this
new
marketing
team
makes
sense
to
me
as
a
voter,
and
that's
part
of
the
reason
why
I
personally
voted
yes
but
yeah
yeah.
That's
just
my
couple
sense,
but
I
wanted
to
clarify
the
team
membership
part.
N
M
I
mean,
I
think
part
of
this
issue
is
it's
hard
for
a
marketing
team.
You
know
no
matter
what
you
think
of
them
to
come
up
with
a
very
detailed
plan
with
because
we've
to
be
quite
honest,
I
think
you
know
before
we
even
have
a
marketing
team
we've
not
done
a
good
job
of
establishing
what
image
we
want,
a
projective
maker
and
what
we
want,
our
you
know
official
or
I
guess,
because
we're
dow
semi
official
messaging
to
be.
L
Yeah
also
people
aren't
super
clear
on
what
the
actual
like
product
offerings
on
maker
are,
like.
You
know
like
there's
a
huge
heavy
focus
on
dye,
but
people
don't
realize
that's
just
like
one
side
of
the
coin
right.
You
know
we
have
potentially
a
line
of
business
in
oracle's.
We
have
so
many
new
vaults.
We
have
you
know
the
dsr.
L
We
have
you
know,
etc,
etc,
etc,
and
so
I
think
also
marketing
teams
externally
that
are
coming
in
they're
gonna
have
a
really
hard
time
and
a
really
long
time
getting
up
to
speed
on
what
exactly
it
is
that
they're
marketing
and
how
they
have
to
think
about
maker.
Doubt
that's
also
something
I
think
that's
true
generally
true.
N
Yes,
yeah,
you
are
entirely
correct
about
that,
and
also
a
marketing
team
has
the
potential
of
because
it's
something
that
everybody
could
have
can
have
an
opinion
about.
They
have
the
potential
of
being
a
kind
of
a
scapegoat
and
yeah.
That's
the
truth
of
it.
So
is
the
job
hard.
Yes,
it
is,
but
I
don't.
B
I
I
I
I
guess,
and
is
it's
also
what
I
heard
is
the
budget
they
are
proposing
and
maybe
from
a
career
unit
that
we
don't
know
what
I
mean.
I
I
I'm
I
think
the
same
as
you.
I
don't
know
what
will
be
the
like
the
object,
what
what
they
can
do
with
maker,
because
we
have
to
define
the
brand
products
the
market
like
that.
There
are
a
lot
of
stuff
to
do,
and
I
don't
know
if,
if
er,
to
achieve
that,
the
budget
they
are
asking
is
too
much
or
too
low.
I
Even
the
group
could
understand
what
they
can
do
with
with
maker
as
adult,
because
what
we
are
doing
now,
as
growth
is
different,
that
what
we
did
when
we
were
at
the
foundation,
so
we
have
to
like
recalculate
the
budget
with
this
with
the
current
context.
So
I
think
that's
that
could
be
something
that
could
be
problematic
for
maker
holders
when
they
are
voting
and
seeing
the
budget.
N
Yeah,
you
know
I,
I
don't
have
a
perfect
solution
going
forward
on
this,
but
what
I
could
imagine
that
at
some
time
there
is
a
there's,
a
kind
of
a
staring
group
or
a
marketing
steering
committee,
something
like
that
that
that
directions,
the
the
the
vector.
What
what
do
we
want
marketing
to
do
and
based
on
that
we
can
make
initiatives,
possibly
possibly
in-house,
and
we
will
see
how
that
develops.
J
To
add
something-
and
it's
a
bit
echoing
on
that,
I
I
see,
I
think
that
what
we're
going
to
see
as
a
dao
is
that
it's
very
hard
to
come
with
a
unified
vision
for
better
and
worse
right.
So
what
we'll
probably
end
up
seeing
is
different
core
units
getting
a
marketing
budget
like
I
can
totally
imagine
growth.
Getting
a
marketing
budget
nick
already
announced
some
marketing
budget
for
the
oracle
score
unit,
so
I
I
can
totally
see
different
core
units
doing
this.
J
I
don't
know
if
it's
the
best
way,
but
until
a
decentralized
marketing
community
that
comes
with
the
unified
vision,
so
business
comes
from
them
right
that
resonates
with
the
dao
or
the
mkr
holders,
whoever
they
are
at
the
moment
of
the
of
the
voting.
I
think
that
we
will
have
a
hard
time,
it's
very
hard
to
do
this
hand
by
committee,
and
you
just
grab-
I
don't
know
chris
brian
peyton
and
planet
x
and
he's
like
okay
guys.
J
A
So
so,
can
I
just
make
a
quick
comment
if
I
can
so
I
kind
of
don't
love
like
the
idea
of
every
court
you
know
having
to
handle
their
own
marketing
stuff.
That
seems
a
little
inefficient,
they're,
probably
more
decentralized
right
like
personally.
I
don't
particularly
want
to
be
worrying
about
like
marketing
bits
of
governance,
stuff
right
like
delegates,
a
very
good
example
right
like
I,
don't
really
want
to
be
the
one
that
used
to
worry
about
like
how
to
kind
of
spread
the
message
about
how
delegates
work
right.
A
J
No
absolutely-
and
I
can
I
can
imagine
a
group
of
even
even
one
person
saying
like
hey
I'll-
do
marketing.
We
can
start
on
a
per
hour
basis
and
and
fund
me
and
then
I'll
get
a
budget
from
the
dow
and
instead
of
hey,
I
don't
know
the
exact
amount
that
that
markham's
asking
for,
but
that's
like
that's
it.
That's
a
big
bet
right,
and
I
think
that
was
that's.
J
What
planet
x
was
saying
is,
like
you,
don't
know,
if
you're
going
to
get
the
quality
and
and
up
front,
it's
like
a
big
promise
to
to
go
into
that.
So
I
don't,
I
don't
think,
and
every
core
unit
will
need
to
have
a
marketing
department
or
a
marketing
function,
but
I
can
see
potential
either
core
units
getting
marketing
people
to
help
within
or,
as
I
was
saying,
like
a
group
of
three
guys
that
are
really
good,
that
want
to
prove
that
they
can
do
it
long.
What
do
you
need?
O
I
think
one
of
the
key
aspects
of
of
this
particular
core
unit
is
that
there
are
constraints
in
every
system
that
you're
going
to
see
whether
they're
in
in
the
foundation
or
the
dow
and
someone
that
has
experienced
and
managed
the
transition
of
the
foundation
into
the
dow
for
the
past
six
plus
months.
There's
a
lot
that
the
community
will
never
know
about
the
constraints
that
we
had
in
our
systems
for
a
variety
of
reasons,
and
and
there's
no
point
in
going
into
it
here.
But
when
you
take
a
take
a
look
at
at.
O
I
know
that
the
the
past
is
an
indicator
of
future
results.
But
that
might
not
be
the
case
here,
and
so
we
also
have
a
governance
system
set
up
to
enable
us
to
say:
hey,
let's
put
you
in
there,
but
after
evaluating
your
performance
for
a
couple
of
months,
we
don't
think
you're
the
team
to
be
able
to
move
this
forward.
A
So
I
mean
that's,
that's
I
think
that's
correct.
I
think,
like
most
of
that
is
on
the
proposing
team
right,
like
the
team,
proposes
a
budget
for
a
period
of
time
like
if
they
want
to
propose
a
shorter
budget,
then
maybe
that's
makes
more
sense.
Maybe
there's
more
chance
of
passing
right,
but
like
I,
if,
if
it
proposes
like
a
year-long
budget
like
it's
kind
of
hard
for
governments
to
like
cut
it
off
halfway
through
and
say,
yeah
no
right.
O
So,
let's
let
again,
let's
utilize
the
systems
that
we
have
set
up
to
be
able
to
try,
give
people
an
opportunity,
they're
the
closest
to
the
action
to
be
able
to
to
accomplish
this.
They
have
the
domain
knowledge
and,
if
they're
not
successful,
let's
let,
let's,
let's
just
simply
work
with
them
to
ensure
that
we
can
achieve
success.
J
Something
that
might
have
a
an
impact
in
this
disconnect
that
we're
seeing
is
that
that
that
we
usually
don't
have
any
member
from
the
malcolm's
unit
in
this
call,
and
it
might
be
because
cat
is
in
japan.
So
right
now,
it's
quite
late
for
her,
but
yeah,
it's
it's
either
california
or
japan
right.
So
so
at
some
point,
the
time
zones
play
a
bit
against
this
worldwide
mission
that
we
have,
but
that
might
also
have
not
helped
the
the
course.
K
At
least
in
my
experience,
you
know,
agencies
typically
work
with
work
with
companies
who
have
a
marketing
director,
or
you
know,
someone
in
someone
in
a
management
position
to
work
with
them
so
that,
like
so
that
the
agency
is
being
managed
and
it's
clear
what
the
agency
is
doing
for
the
company.
An
agency
is
not
just
you
know
endlessly
coming
up
with.
Oh,
let's
do
this
research
or
let's
do
I
don't
know
things
to
just
drive
up
their
budget
essentially.
K
So,
with
regard
to
the
amazing
proposal
I
was
concerned,
you
know,
I
was
I've
been
a
little
concerned
that
since
we
don't
have
a
team,
that's
that's
ready
to
take
that
on
take
on
that
sort
of
responsibility.
That's
not
something!
That's
not
a
responsibility.
I
want
to
take
on
as
a
part
of
content
production
at
this
time.
K
K
Bleep
comes
is
going
to
be
taking
that
on.
So
I'm
excited
to
see
that
but
yeah,
I
think,
having
some
discussion
in
the
coming
weeks.
We
can
work
on
some
forum
posts,
maybe
start
trying
to
suss
this
out,
but
getting
a
clear
vision
of
specifically
what
marketing
activities
the
dow
would
find
valuable
and
coming
up
with
some
kind
of
approach
to
maybe
bring
on
some
teams
or
individuals
to
help
with
those
things
I
think
is
that
could
be
a
path
forward.
L
I
think
it
would
be
a
good
idea
for
some
core
unit
and
sorry
for
jumping
in
over
you.
So
fact
I
thought
you're
done
right,
okay,
yeah,
so
I
think
that
it's,
it
probably
would
be
a
great
idea
for
maker
dow,
as
an
org
like
annually,
to
devote
like
a
month
to
really
solidifying
and
like
re-uh,
revisiting
the
vision
of
what
is
success
at
maker
dao.
L
What
do
we
want
to
market
at
maker,
dow
et
cetera,
et
cetera
and
like
marketing
teams
are
kind
of
at
the
whim
of
who
participates
and
who
interacts
with
them?
So
I
encourage
people
from
other
cus
people
who
are
leading
product
engineers
so
also
participate
in
those
conversations,
because
without
your
input,
it's
also
going
to
be
pretty
hard
to
understand
what
the
consensus
and
general
like
direction
that
everybody's
comfortable
with
is
but
yeah.
D
I
mean
there's
an
alternative
here
which
we
could
go
with
right
now,
which
is
we
don't
need
a
unifying
vision
for
marketing.
We
have
individual
features
that
we're
going
to
release
and
we
have
individual
audiences
that
those
features
are
targeted
at
and
and
right
now,
like
I'll
give
it
an
example.
We
just
pushed
the
ability
to
take
a
500
million,
die
flash
loan
in
a
single
block
and
use
it.
D
You
know
and
and
part
of
part
of
a
little
bit
of
I'm
just
gonna.
Add
this
as
an
additional
point.
So
so,
let's
imagine
like
we're
in
a
world
where
we're
just
marketing
those
features
that
you
know
that
that
may
work
out
really
well.
We
don't
really
need
to
know
exactly
what
the
audience
is.
I
mean
the
audience.
May
change
right,
there's
no
reason
we
can't
be
targeting,
let's
say
institution
and
end
users
play
as
we
start
to
deploy
to
like
optimism.
D
And
yet
you
know,
I
think
part
of
what
we're
trying
to
build
here
is
is,
is
for
everybody,
that's
inclusive
that
doesn't
have
gatekeepers.
That's
that's
available
to
everyone,
so
that
we
don't
repeat
the
same
mistakes
that
we've
made
before
and
and
without
a
sort
of
marketing
core
unit.
I'm
not
entirely
sure
that
we're
going
to
be
able
to
market
just
to
like
end
users
like
that.
I
think
we're
going
to
end
up
in
a
sort
of
default
operating
scenario.
So
I
would
say
minimally
without
the
unifying
vision.
D
I
think
we
need
some
type
of
marketing
so
that
we
can
just
like
pick
features
off
that
we
make
over
to
a
marketing
group
and
they
can
try
and
see
if
they
can
can
get
those
things
to
gain
adoption
and
then
yeah
and
then
to
like
david's
point
like,
as
at
the
like
bigger
picture.
We
probably
do
want
to
come
up
with
maybe
a
unifying
like
brand
image
or
an
idea
of
like
what
we
want
to
do.
D
A
E
E
E
You're,
not
marketing
coca-cola
you're,
marketing,
a
decentralized
ecosystem
and
there
will
be
different
views
on
what
the
ecosystem
is
and
what
the
strengths
are
and
what
the
strong
selling
points
are,
and
I
think
that
should
continue
to
be
the
case.
Even
in
the
long
run,
because
otherwise
we
will
just
lose
out
to
our
centralized
competitor.
P
Yeah,
in
fact,
mariano
here,
this
is
something
that
we've
been
discussing
in
the
forum
before
and
from
growth.
We
propose
something
like
product
marketing
in
which
each
core
unit
that
really
knows
their
product
can
market
it.
For
example,
I
love
the
example
of
oracle
steams
that
has
their
own
marketing
budget
because
they
know
really
really
well
better
than
anyone.
What
are
the
things
that
people
are,
the
people
that
uses
oracles
are
looking
for
right
and
same
thing.
I
would
say,
for
example,
for
a
flash
loan
feature
right.
A
Yep
thanks
for
watching,
like
I
think
I
think
I
saw
a
lot
of
agreement
with
what
was
saying
and
just
to
echo
from
like
a
government's
perspective
right
like
it's
really
hard
for
us
to
agree.
There's
that
sort
of
thing
with
the
governance
like
with
any
government's
process
with
this
with
this
many
stakeholders
right
but
like
managing.
That
would
be
like
a
massive
like
project
for
go,
offer
right
and
yeah.
I
honestly,
I
think
I
agree
with
about
so
like
it's.
A
D
B
One
brief
point
on
the
success
capital
structure:
we've
been
waiting
for
the
last
few
weeks
for
movement
with
the
broker
dealer
to
get
the
documentation
finalized,
giving
us
our
die
address,
to
which
we
now
have
that
that
arrived
about
half
an
hour
ago.
So
we're
going
to
be
working
to
get,
I
guess,
working
through
the
process
now
to
get
that
dye
address
put
into.