►
From YouTube: Governance and Risk | Ep.149
Description
Agenda:
https://forum.makerdao.com/t/agenda-discussion-scientific-governance-and-risk-149-thursday-july-8-17-00-utc/9227
Introduction:
Hosting, Introduction, Agenda - @prose11
Weekly Updates:
Governance - @GovAlpha-Core-Unit
Protocol Engineering - @Protocol-Engineering
Oracles - @Oracles-Core-Unit
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
Discussions and General Q&A:
Discussion about the plans for Delegation in Maker Governance.
*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
This
is
our
weekly
meeting
to
go
over
all
things
maker,
give
updates
and
and
talk
about
things
as
they
relate
to
governance
and
risk
within
the
system,
so
take
care
of
a
few
housekeeping
matters
before
we
dive
in
most
importantly,
this
is
meant
to
be
kind
of
a
open
meeting.
So
if
you
have
questions
things,
you
want
to
ask
any
of
the
presenters.
A
We
do
have
a
loose
agenda
to
follow
here
with
some
speakers
and
updates
to
give
so
we'll
mostly
be
following
that
and
at
the
end
we
should
have
a
some
time
for
some
more
general
discussion.
So
if
you
do
have
something
that
doesn't
pertain
to
what
you're
hearing
about
hold
on
to
it
and
we'll
circle
back
to
it
towards
the
end
of
the
meeting,
I
think
that
takes
care
of
the
general
housekeeping
stuff.
A
A
A
A
We
think
in
general,
just
makes
it
a
lot
easier
to
navigate
and
use,
and
the
other
major
highlight
from
this
past
week
is
our
quarterly
review
is
up.
So,
basically,
law
enforcement
wrote
out
a
review
of
how
the
first
quarter
of
us
as
a
court
unit
went.
I
take
into
account
our
budget,
our
objectives
and
everything
we
set
out
to
accomplish
and
what
we
are
actually
able
to
do
so
do
take
a
look
at
that.
A
A
Currently,
we
just
have
one
poll
that
is
live
and
that
is
the
community
green
by
poll
on
xerox,
ptc,
the
0x
bitcoin
neutral,
minable
token
that
has
about
11
days
left
on
it,
so
do
make
sure
you
go
and
vote
there
if
you
haven't
already
only
other
thing
to
bring
up
is
that
the
executive
from
last
week
still
hasn't
passed.
So
if
you
haven't
got
a
chance
to
vote
on
that,
please
do
consider
that
we
are
currently
sitting
about
37,
000,
mkr,
so
still
a
decent
chunk
away
from
passing
awesome.
A
B
B
There's
an
ongoing
executable
to
decide
the
core
unit
budget
distributions,
which
are
totaling
two
and
a
half
million
die.
The
stability
fee
decreases
and
the
activation
of
bsm
dc
iem
for
usdz
next
point
is
the
response
to
a
chain
link:
god
accusation:
a
viral
tweet
posted
by
a
member
of
chain
link
community
suggested.
That
maker,
though,
is
doing
filthy
business
with
oracles,
thanks
to
nikonko
for
setting
the
record
straight
on
that
one
and
the
last
point
would
be
smooth
sailing
all
around
pegs.
B
Looking
extremely
good
and
you
can
see
a
chart
right
there,
we
can
jump
to
announcements.
Make
a
governance
review
for
june.
Go
artem
gordon
at
I'll
present
the
maker
governance
review
for
june
as
bring
us
the
real
world
financial
report
for
june
and
long
for
wisdom
publishes
the
gov
alpha
quarterly
review
for
the
second
quarter.
B
B
B
New
silver
is
asking
to
increase
the
debt
ceiling
to
20
million
from
the
current
5
million,
which
is
close
to
be
reached.
Last
we
have
the
ongoing
initiatives
I'll
try
to
do
this.
One
quick
one
sets
up
a
sign
up
thread
for
project
switching
to
present
on
the
bi-weekly
collateral
call.
So
if
you
know
any
potential
collateral
partners
that
may
want
to
present,
you
can
refer
them
here.
We
have
the
collateral
status
index
if
you're
confused
about
the
current
status
of
various
collateral
types
that
have
been
discussed
recently.
B
Well,
you
can
check
this
right
here
in
this
post
to
find
the
status
and
current
position
of
each
within
the
onboarding
process.
We
have
also
the
weekly
mips
update
brought
to
us
by
david
ultro,
charles
san,
luis
and
blimpa.
Thanks
for
that,
the
maker,
though
standard
governance
processes
long
for
wisdom,
writes
a
brief
overview
of
the
currently
operating
government
processes
in
the
maker
community.
A
A
C
C
We
did
the
matic
technical
evaluation,
I'm
sure
everybody
maybe
well,
maybe
not
everybody
but
effectively
sam
had
found
that
there
was
a
eoa
address
that
was
still,
you
know,
had
access
there
and
so
and
then
what's
interesting
is
right
after
he
posted
that
chris
b,
lick
kind
of
posted
it
and
within
about
15
minutes
really
fast.
The
update
was
made
by
the
mavic
team
to
remove
that
access.
So
oh
well
done
with
that
process.
C
C
We
still
are
kind
of
expecting
some
information
to
come
back
from,
like
nick's
team
about
oracles
and
whatnot,
but
there's
there's
a
lot
of
detail
there
and
I
think
I
think
the
dao
is
going
to
have
to
really
pay
attention
to
that
evaluation.
When
we,
when
we
get
there.
Currently,
I
think
we're
sitting
at
high
risk
on
that
one
so
yeah.
C
I
wish
it
were
a
better
situation
but,
and
then
sam
is
also
working
on
the
the
g-uni
token,
this
one's
for
the
g-uni
die
usdc,
which
is
just
the
it's
basically
the
equivalent
of
an
lp
token
for
unisoft
v2,
but
it's
for
v3,
so
it
takes
a
fixed
spread
and
then
and
then
allows
people
to
provide
fungible
liquidity
in
that
range
so
that
that
one's
also
being
discussed
for
contract
work.
We
added
dss
flash
and
dss
fest
to
the
dss
interfaces.
C
The
dss
vest
code
had
a
tidy
up,
and
also
I'm
going
to
do
a
shout
out
to
a
new
tool
that
we
started
using
called
certora
does
like
formal
verification.
It
actually
found
a
bug
in
dss
fest,
which
was
is,
I
don't
know,
just
mentioning
it,
because
the
tool
is
already
kind
of
paying
for
itself,
which
is
great.
C
Let's
see
we,
we
finished
the
keeper
implementation
of
the
unispot
to
lp
tokens
and
fixed
all
the
bugs
and
other
bugs
and
other
bugs
that
were
in
that
keeper.
So
if
anyone
wants
to
run
that
keeper,
it's
the
auction,
hyphen
demo
hyphen
keeper
code
at
this
point,
you
just
need
a
little
bit
of
extra
gas,
give
it
a
private
key.
You
know
for
that
with
that
f
and
and
it'll
sort
of
backstop
auctions
based
on
the
parameters
you
set
in
the
config,
but
it
seems
to
be
working
pretty
well.
C
In
fact,
one
of
the
lp
tokens
had
an
auction
this
morning
and
that
keeper
went
off
and
and
serviced
it.
So
it's
looking
good
and
so
then
yeah
crop
join.
We
just
got
some
enhancements
to
support
the
ui
functionality
for
that,
because
it
requires
ui
changes
and
also
there's
a
background
work
happening
on
a
on
a
clipper,
kali
implementation.
This
is
for
the
auction
keeper
again,
but
for
sushi
join.
So
when
we're
ready
to
add
the
sushi
join
token,
we'll
also
have
all
of
the
code.
C
We
need
to
service
those
auctions
in
review.
We've
got
the
l2
die
sartorius
spec.
So
this
is
again
formal
verification
on
layer,
2
dyes,
contract
and
we're
in
just
generally
discussing
institutional,
slash,
permission,
halts
exactly
what
those
might
look
like
and
and
the
types
of
parameters
we
can
set.
So
there's
a
there's.
A
lot
of
discussion
in
the
mandated
actors
calls
about
that
and
also
I'll
just
sort
of
flag
it
out
there.
C
I
could
go
into
the
details
of
that,
but
I'll
leave
it
for
now.
If
anyone
wants
to
ask
later
in
the
call
when
we
have
time
feel
free
to
ask
and
then
there's
a
forum
post
for
the
esm
bug
postmortem.
So
if
you
guys
haven't
seen
that
you
can
check
that
out
and
then
I'm
gonna
do
a
quick
handoff
to
chris
on
our
team
for
the
lt
work
with
regards
to
optimism
and
arbitrage.
So,
chris,
if
you're
on
the
call.
D
Hey
so
I'm
excited
to
share
that
optimist.
Die
bridge
was
deployed
on
mainnet
yesterday,
so
this
means
that
dye
users
can
move
their
die
to
optimism,
a
layer,
2
scaling
solution
and
enjoy
cheap
secure
transactions,
and
this
release
is
already
decentralized
in
the
way
that
it's
going
to
be
governed
by
the
maker
governance
and
we're
gonna
actually
cut
all
the
admin.
D
D
As
for
our
beach
room
yeah,
we
did
some
progress
there.
We
got
like
a
basic
version
of
bridge
already
working,
but
there's
like
a
lot
of
testing
and
also
maybe
we're
gonna
end
up
rewriting
the
the
current
implementation,
because
we
used
some.
You
know
pre-made
classes
by
by
arbitrom,
but
it's
like
extremely
inheritance
heavy
and
it's
not
exactly
the
code
style
that
we
use
and
we
might
want
to
rewrite
it
to
something
that
is
like
easier
to
maintain
yeah.
That's
it.
C
Yeah
greg
I'll
answer
your
questions.
You
know
in
a
second
yeah
just
a
you
know,
sort
of
final
note
on
that
address.
We
were
trying
to
find
the
da
one
right,
so
the
die:
zero,
zero,
zero
on
each
side
with
a
whole
bunch
of
mining
rigs.
I'm
sure
some
of
you
know
that
I've
got
like
a
whole
bunch
of
like
gpu
miners
and-
and
we
ended
up
with
this
like
interesting
palindrome
on
the
inside.
When
I
finally
found
the
address.
C
I
was
looking
for
of
this,
like
9c
c9
on
on
the
other
side
and
so
like.
If
we
wanted
to
reproduce
that
it
would
take,
I
think,
with
all
of
my
rigs,
which
is
you
know,
maybe
like
eight
gigahashes
or
whatever
it
would
take.
Something
like
you
know,
150
days
or
you
know
six
months
to
find
it
so
yeah
it
that
that
vanity
address
is,
is
pretty
sweet,
so
we
were
really
stressed
out
like
not
losing
it.
C
F
Yeah
chris
quick
question:
could
you
talk
a
bit
about
how
the
next
couple
executive
spells?
Look
like
I'm
asking
background?
Is
that
sort
of
all
of
the
other
certificate
collateral
types
are
going
through
the
like
legal
updates
that
we
talked
about
in
the
forum
and
are
on
kovan
ready,
and
we
can
talk
about
when
it
would
be
a
good
time
to
fit
them
into
like
the
executive
schedule.
C
C
Dss
vest-
and
I
think,
is
like
one
of
the
week
and
the
only
other
one.
I
think
that
we
have
like
completely
cleared
right
now
is
well,
I
guess
yeah
we're
depending
on
a
bunch
of
other
projects,
so
we're
blocking
on
stuff,
but
the
only
other
one
would
be.
The
vox
is
another
one
that
that
could
go
up,
but
I
think
even
our
team
wanted
one
more
shot
at
reviewing
that,
even
though
it's
a
pretty
simple
contract
but
yeah.
C
So
overall
I'd
be
pretty
optimistic
that
in
the
next
you
know,
one
to
three
weeks
there
will
be.
You
know
slots
where
the
the
new
centrifuge
assets
could
go
out.
It's
it's
a
little
unpredictable,
because
it's
also
depends
just
on
when
other
things
finally
get
unblocked
like
we've
been
blocked
on
you
know,
sushi
l
or
we've
been
blocking
sushi,
lp
tokens
for
a
while
and
that's
like
on
the
sushi
side,
etc.
But
you
know
right
now:
it's
looking
like
there's
a
pretty
high
probability
that
you
know.
F
G
Right
so
last
week
was
eventful
right,
so
on
on
friday,
we
had
we
had
some
accusations
lying
on
twitter,
that
we
were
selling
kind
of
prioritize
access
to
to
price
data,
which
was
completely
untrue,
and-
and
normally
we
kind
of
ignore
that
kind
of
stuff.
But
this
one
in
particular
right
well,
one.
It
got
a
crazy
amount
of
traction
and
and
two
the
the
claims
were
quite
aggressive.
G
Right
like
it's,
it's
one
thing
to
say
that
you
know
our
network
was
kind
of
closed
and
it's
another
to
say
that
we
were
intentionally.
You
know
profiting
off
of
off
of
this
kind
of
scenario,
and
and
the
latter
is
completely
untrue.
You
know
we've
never
done
that
in
the
past.
We
don't
do
it
today.
We
don't
intend
to
do
it
in
the
future
so
but
kind
of
on
a
positive
note.
G
This
week
we
have
started
to
ship
the
lib
p2p
integration
to
the
production
oracle
network.
So
this
is
a
culmination
of
like
many
many
many
months
of
work,
and
I
think
you
know
we
even
originally
theorized
kind
of
about
this
like
over
a
year
ago.
At
this
point,
yeah
come
to
think
of
it
wow
over
a
year
ago.
So
so
what
this
means
is
that
essentially
previously
you've
probably
heard
me
talk
about
scuttlebutt,
right
and
so
scuttlebutt
is
this
peer-to-peer
network
and
all
of
the
oracle
feeds?
G
What
we
have
is,
we
have
both
scuttlebutt
and
lit
p2p
in
parallel
and
so
feeds
will
push
their
price
messages
to
both
scuttlebutt
and
libp2p,
and
relayers
can
pull
their
price
messages
from
both
and
so
now,
if
either
one
of
them
goes
down
or
has
an
exploit
or
has
a
bug
or
gets
attacked
that
from
a
oracle
services,
point
of
view
it
it
just
kind
of
shrugs
it
off
right.
So
this
is
there's
a
really
big
deal.
It's
it's
something
that
I'm
really
proud
of
the
team
for
for
shipping.
G
G
The
rollout
is
going
to
occur
over
probably
over
the
course
of
two
weeks,
so
we
already
have
a
couple
feeds
that
have
upgraded
and
they're
looking
stable,
but
we,
you
know
we
want
to
handle
this
very
carefully
and
then,
once
the
production
rollout
is
complete,
we
can.
We
can
make
a
little
bit
of
an
announcement
and
make
some
noise
on
the
non-tech
side.
G
We
are
reviewing
the
oracle
assessments
for
the
matic
token,
the
solar
x
token
for
the
staked
eath
token,
and
that
one
just
gets
more
trickier
by
the
day,
I'm
sorry
to
say,
and
the
and
the
d3m
module.
So
we
should
we're
gonna
try
to
get
at
least
a
couple
of
those
out
by
end
of
tomorrow,
so
they
can
go
into
polling
votes
next
week.
G
G
We
are
in
the
process
of
setting
up
the
entities
for
for
the
oracle
core
unit,
and
you
know
all
that
jurisdictional
stuff
and
and
all
the
structuring,
so
that's
moving
along
and
we're
already
looking
at
at
the
hiring
process
and
filtering
through
candidates
and
kind
of
choosing
which
positions
we
that
we
budgeted
for
that.
We
want
to
prioritize
early
versus
versus
later
so
very
exciting.
G
Obviously
I'll
be
a
little
bit
more
excited
when
the
executive
vote
passes
and
I
can
get
some
money
and
not
just
be
fronting
all
this
money
on
my
own,
because
the
legal
bills
are
starting
to
look
kind
of
scary
but
but
yeah
everything.
No,
no
real
blockers
right
now,
so
we
kind
of
intend
to
spin
out
of
the
foundation
by
the
end
of
the
month
and
and
be
fully
operating
as
the
as
a
as
a
core
unit.
So
that's
our
that's!
F
So
sorry,
I
had
a
quick
question,
which
is
maybe
too
technical,
but
maybe
it
can
answer
it
briefly.
So
when
you
have
like
the
dual
networks
up
for
like
the
oracle
network
right
scuttlebutt
and
the
p2p
you're
working
on
like
side
by
side,
how
do
the
oracles
all
the
relays,
I
guess,
determine
like
precedence
between
them
right
like
if
one
is
like,
broken
or
publishes?
Something
that's
wrong
like
how
does
how
do
the
relays
decide,
which
one
is
the
source
of
truth?
I
guess.
G
So
in
the
config
you
can
prioritize
one
over
the
other.
I
believe
the
default
the
default
behavior
is
that
you
just
pull
it
from
that.
You
pull
it
from
both,
I
I
would
say
so
so.
Here's
here's
kind
of
the
strategy
that
you
can
do.
You
can
pull
it
from
both
and
then
say
the
timestamp
of
this
one
is
newer
than
the
other
one
right,
because
the
the
relayers
are
not
supposed
to
be
like
opinionated
on
you
know
what
is
a
good
message
or
what
is
a
bad
message
right.
G
E
F
A
H
H
That's
also
one
of
the
parameter
parameters
this
that
this
module
is,
I
believe,
sam
already
made
a
post
on
this
topic.
Basically,
we
have
this
competitive
risk
angle
that
sam
made
a
signal
request
on
and
yeah
governance
feedback
is
required
to
see
how
much
we
want
to
have
it
to
be
competitive
versus
maker.
H
But
then
there
is
also
this
credit
risk
angle.
In
terms
of
how
much
does
this
maker
want
to
be
compensated
by
the
risks
taken
when
being
directly
exposed
to
other
so
yeah,
we'll
we'll
have
all
of
this
described
in
our
pretty
extensive
risk
assessment
report
and
of
course,
any
feedback
by
the
community
will
be
appreciated,
and
then
there's
there's
also
a
lot
of
stuff
going
on.
In
regards
to
institutional
worlds,
we
are
actually
preparing
a
post
together
with
protocol
engineering
team
at
growth.
H
One
is
on
our
surface
buffer,
which
would
accumulate
this
fees
instantly,
but
I
believe
it
might
also
have
some
positive
effects
on
on
diet
back
or
should
I
say
on
usdc
banking,
because
the
borrowers
who
who
are
committing
to
borrow
for
a
longer
term,
because
they
would
pay
the
solutionation
fee,
they're
less
likely,
probably
less
likely
to
farm
with
the
borrowed
assets,
but
they
would
more
likely
sell,
buy
on
the
market.
So
in
some
way
it
may
attract
more
more
organic
borrowers,
hopefully
and
yeah.
That's
that's
pretty
much
it.
H
Apart
from
from
regular
risk
monitoring,
work,
continued
improvement
of
risk
dashboards.
We
also
need
to
make
some
plans
regarding
future
clutter
risk
assessments,
because
we
covered
quite
a
lot
of
them
recently
and
I
believe,
there's
there's
a
pretty
large
backlog
now
facets
that
are
in
final
stages
to
be
onboarded
from
from
sushil
peace
to
matic,
to
stickted
yeah.
So
we'll
see
how
fast
do
we
need
to
move
with
additional
collateral
evaluations?
A
I
Yes
thanks
so
far
this
week
we
have
made
a
monthly
audit
with
new
silver.
It
was
a
liquid
head
on
the
cash
close,
nothing
much
to
report,
but
that
delayed
a
bit
reward
asset
report,
because
we
have
to
wait
on
the
accounting
on
the
new
silver
side,
but
there
is
nothing
much
to
disclose
it
should
be
out
tomorrow.
So
new
silver
asks
for
her
debt
ceiling
increase
to
20
million.
I
This
was
approved
by
the
community
pool
and
will
be
on
the
governance
poll
next
week.
If
everything
is
good
and
protocol
engineering
is
fine
with
that.
As
I
said
earlier,
all
the
depth
ceiling
and
all
the
new
centrifugal
sets
could
be
on
the
next
executive
on
on
next
on
next
friday,
on
the
saw
likes
front,
christian
posted
a
preliminary
risk
assessment,
as
a
topic
of
this
post
was
mainly
to
discuss
where
all
the
trenching
of
the
depth
is
done.
I
So
what
is
important
is
that
the
main
collateral
of
the
asset
is
the
ppa
arrangement,
so
the
precise
purchase
price
arrangement
between
the
solar
farm
project
and
the
buyer
for
20
years,
but
that
is
done
only
and
at
months.
Four.
So
before
that
we
have
negotiated
with
the
borrower
to
get
the
land
as
well
as
cultural,
so
you
can
just
look
more
more
tough
on
the
posts
which
I
think
I
forgot
the
last
two
digits
also
on
salah
x
front,
the
phonations,
the
claimant
foundation,
the
incorporation.
I
So
that's
all
the
work
that
we
are
doing
currently.
Some
of
the
us
have
asked
the
difference
between
the
phonation
and
trust,
because,
usually
you
want
to
set
up
trust,
so
the
phonation
is
more
recent
in
the
cayman,
at
least
for
the
year,
for
the
cayman
and
it's
more
flexible
and
that's
the
main
difference,
the
only
big
difference
you
can
see
between
trust.
I
I
Obviously,
it's
not
because
we
are
cheaper
source
of
capital
or
because
we
are
easier,
it's
mainly
a
pr
play
for
them
as
well
and
to
understand
to
drive
innovation
forward.
But
it's
still
interesting
to
see.
There
is
a
lot
of
demand
for
real
world
assets,
loans
from
established
companies
and
on
the
last
point,
let
me
copy
paste
the
link
I've.
I
I
published
a
post
just
before
the
call
on
the
basal
bank
regulation
and
because
so
bazel
as
a
bis
as
a
bank
of
international
statement
issues,
a
basel
regulation,
which
we
are
at
battle
three
or
four
and
remember,
and
that
made
me
mainly
there
is
mainly
a
point
about
what
capital
should
banks
have
compared
to
other
assets.
They
have
in
their
balance
sheet
and
it's
super
important,
because
what
I
saw
is
that
it
seems
that
if
a
bank
owns
some
usdc,
they
need
almost
no
capital,
it's
free
for
them.
I
It's
just
like
cash,
but
if
they
own
a
die,
it's
a
riskier
asset
on
earth
for
them,
it's
three
times
more
costly
to
own
die
than
to
own
a
microstrategy
share
or
netflix
share,
or
whatever
public
competitions.
It's
two
times
more
risky
that
they're
having
equities
from
the
from
a
startup
and
same
goes
to
maker
token
and
ethereum
and
bitcoin.
So
it's
quite
it's
quite
well.
I
I
I
Does
this
eve,
does
this
have
a
preliminary
timeline,
or
is
it
just
completely
on
the
conceptual
level
so
far,
so
we
want
to
have
this
legacy
shoot
for
the
solarix
investment
that
should
be
done
quickly.
So,
as
said
on
the
solar
x,
it
was
a
bit
delayed
because
we
negotiated
to
have
more
safety
on
the
pre-project
phase
so
before
they
have
the
ppa
agreement.
I
J
Yes,
so
here
is
the
link
for
the
updates
this
week,
hey
everyone
regarding
updates.
We
have
been
talking
with,
especially
with
one
one
new
protocol,
it's
called
thor
chain
and
they
want
to
include
dye
in
their
pools,
which
is
amazing,
because
that
will
give
us
access
to
have
a
market
between
die
and
bitcoin,
for
example,
but
not
rap
bitcoin
or
ethereum
bitcoin,
but
bitcoin
in
its
own
chain.
It's
a
very,
very
interesting
project
and
we
would
love
to
be
there,
but
we
are
facing
a
challenge.
J
J
For
example,
we
could
like
find
a
company
that
there
are
companies
that
do
market
maker,
they
offer
market
maker
services,
but
we
have
to
pay
a
fee
in
order
that
they
do
that.
There's
also
like
another
strategy
that
is
set
up
a
treasury,
so
have
a
treasury
of
maker
dao
and
use
that
treasury
to
this
kind
of
initiatives.
J
Other
could
be
like
a
fine,
a
lending
protocol
to
have
a
loan,
but
that
also
goes
with
a
fee.
The
problem
about
providing
liquidity
is
that
it
could
be
like
beneficial
for
us
from
an
economical
point
of
view,
because
usually
these
pools
generate
fees
and
at
the
beginning
they
they
also
have
like
these
liquidity
mining
opportunities.
J
So
it's
it's
it's
something
that
I
want
to
like
discuss
with
the
community,
because,
right
now
we
have
this
opportunity
with
torching,
but
I
know
we
will
have
future
opportunities
with
other
networks,
and
now
we
are
seeing
all
these
new
layer,
twos
and
different
networks
like
growing
growing
ecosystem.
So
this
will
be
something
that
we
will
see
continuously
in
the
future,
and
it
will
be
great
if
we
can,
like
think
about
a
framework
to
solve
this.
J
Other
update
is
that
we
are
now
part
of
the
enterprise
ethereum
alliance.
This
one
is
an
organization
that
looks
that
is
looking
for
companies
and
enterprises
to
adopt
ethereum
in
any
way,
so
they
work
directly
with
these
big
companies,
for
example,
there's
ibm
ibm
is
part
of
this
alliance.
They
won't.
They
are
like
doing
research
about
what
these
companies
that
are
not
in
the
blockchain
space
are
looking
for,
so
we
now
are
part
of
it
and
we
can
also
like
have
access
to
all
other
members
and
well.
J
We
could
also
use
this
channel
to
communicate
what
is
maker
dao
doing
the
start
of
the
week.
This
is
an
alpha
and
it
I
I
expect
this
to
be
very
fun
and
next
week
marble
carts
is
going
to
launch
the
maker
arena,
so
you
will
be
able
to
convert
your
favorite
post,
your
favorite
bold
executive
code
poll
into
an
nft
and
play
with
it.
J
J
Then
the
tweet
of
the
week
in
the
maker
dial
growth
twitter,
we
explained
what
is
maker
governance
and
how
it
works
and
all
the
process
and
we
invited
to
a
community
in
general
to
participate
in
the
forum.
So
I
think
it
was
a
very,
very
great
tweet
and
also
well
because
it's
we
started
a
new
month.
We
are,
we
are
going
to
post
or
piano
of
the
last
month.
This
case
is
june,
so
you
to
maintain
transparency
with
our
expenses
with
the
community
and
that's
it
for
this
week.
F
J
F
A
K
K
K
A
E
E
E
E
E
F
E
This
putting
out
putting
out
videos
with
a
higher
level
of
quality
gives
us
a
significant
advantage
with
regard
to
search
algorithms,
youtube's
popularly
recognized
in
marketing
as
the
world's
second
largest
search
engine.
So
we
see
this
as
a
really
good
opportunity
to
create
content
that
will
help
people
who
are
generally
interested
and
kind
of
steer
people
who
are
generally
interested
in
crypto
to
be
a
little
more
interested
and
make
her
doubt
so.
Yeah
we've,
our
focus
there's
for
the
time
being,
is
on
governance
and
tech
related
content.
E
So
if
you're
interested
in
learning
more
about
collateral
onboarding
or
that
proposal,
please
bring
your
questions
and
next
friday,
we'll
have
an
ama
with
david
utrobin
to
talk
about
updated
plans
for
the
govcoms
core
unit,
which
I
believe
is
now
informal,
formal
submission
as
well.
That's
all
the
updates.
I
have
for
this
week
happy
to
take
questions
if
anybody
has
them
or
pass
it
back
to
peyton.
A
L
Fun
all
right
yeah,
I
knew
I
was
muted
yeah
it.
Indeed
it
is.
I
hey
everybody.
Welcome
to
the
weekly
mips
update
and
this
week
we
are
continuing
to
innovate
and
make
this
update
a
little
bit
better
for
y'all
and
we
are
combining
it
with
the
monthly
submission
review.
So
this
is
going
to
be
a
little
bit
of
a
dual
update
between
me
and
peyton,
all
right.
So,
let's
get
into
it
so
yeah
july
is
here.
L
L
A
Yeah,
as
david
mentioned
kind
of
the
governor's
facility's
job
to
do
the
submission
review,
make
sure
things
are
all
set
to
go
in
to
be
voted
on
and
rather
than
having
the
mips
editor
run
through
everything,
and
then
the
governance
facilitator
go
yep.
That's
what
I
got
to
we're
going
to
try
to
combine
them
and
have
me
talk
a
little
more
so
without
further
ado.
Here
we
go.
First
sets
are
going
to
be
the
core
unit
proposals.
A
A
A
A
First,
one
is
the
update
to
the
growth
core
units
budget,
so
you
can
take
a
look
into
that
on
the
forums
see
why
they're
asking
for
the
changes
that
you
can
and
as
seth
just
mentioned
in
his
update,
the
other
one
is
going
to
be
for
the
content
production
core
unit,
basically
asking
for
a
slightly
different
budget
based
on
their
new
members
and
their
new
ghosts
going
forward
for
the
next
quarter,
and
I
believe
that
is
all
for
our
formal
submissions.
So,
like
I
said,
facilitator
checks
off.
A
L
Right
on
no,
that
was
that
was
more
than
I
could
ask
for.
Thank
you,
yeah
and
so
just
to
kind
of
continue
on
with
the
mips
update.
I'm
just
gonna
cover
what
I've
saw
this
month
as
new
in
rfc
and
actually
there's
two
brand
new
core
units
in
rfc.
I
I
think
so.
I'm
gonna
go
bottom
up.
So
first
we
saw
paper
imperium,
as
I
found
out.
His
name.
Is
chris
cameron
put
up
the
maker
portfolio
core
unit
last
week.
This
is
really
cool.
L
I
believe
he
also
may
have
already
started
on
getting
the
community
to
learn
more
about
it
and
talk
more
about
it.
But
I
saw
a
lot
of
great
discussion
in
the
forum
threads,
so
yeah
the
maker
portfolio
core
unit.
It's
proposed
to
build
a
portfolio
of
publicly
traded,
real
world
financial
assets
that
the
maker
protocol
can
be
exposed
to,
and
this
core
unit
is
meant
to
be
kind
of
like
a
middle
person
in
that
process.
L
Formerly
I
I
think-
formerly
I
don't
know
if
you're
still
at
the
foundation
soren
but
formerly
foundation,
soren
peter
nielsen
posted
up
that
mipset,
so
the
dye
found
our
foundation
core
unit
is
proposed
to
be
the
vehicle
that
enables
that
practical
implementation
of
the
actual
die
foundation
which
has
been
created
to
safeguard
the
assets
that
can't
be
decentralized
in
maker
dial,
like
trademarks
and
all
that
good
stuff.
So
I'm
really
looking
forward
to
seeing
both
of
these
go
through
the
process
and
yeah.
That's
about
it.
L
L
Oh
actually
yeah
so
pablo
just
mentioned
to
me
that
there's
also
mip
56
for
the
new
and
rfc
yeah.
I
managed
to
miss
that
one.
I
think
it
might
be
missing
from
the
proper
section
in
the
form,
but
either
way.
Mib
56
is
posted
by
ace,
who
is
a
member
of
the
working
group
that
was
working
on
mkr
compensation
packages.
L
A
Awesome
thanks
for
that
update
david,
I
posted
a
link
there
to
mid
56.
If
you
wanted
to
take
a
look
for
your
further
reading,
anyone
on
the
call
and
yeah
one
pointing
up
there
might
be
a
few
edits,
and
that
is
what
the
rfc
period
is
for
so
happy
to
see.
That
taken
advantage
of
that
does
reach
the
end
of
our
formal
agenda
here.
So
hopefully
everyone
who
is
looking
to
speak,
as
has
been
given
the
chance
to
generally.
A
This
is
the
time
we
move
into
kind
of
a
more
freeform
discussion
about
any
topics
pertaining
to
the
dao
that
we'd
like
to
get
discussed
in
this
forum.
Typically,
these
meetings
last
another
25
minutes
or
so
so
I
guess
I'll
just
flatly
throw
it
out
there
to
see.
If
there's
anything
people
want
to
discuss,
give
it
a
few
moments.
If
not
there's
one
or
two
things
I
can
poke
and
maybe
get
some
discussion.
G
G
C
A
A
C
A
A
A
A
C
F
F
I
guess
greg
asked
about
their
delegation.
I
think
earlier
maybe
give
a
very
like
sort
of
a
very
good
brief
update
on
how
that's
going
yeah
like
as
far
as
our
ui
is
still
sort
of
like
on
track.
I
think
we'll
try
and
sort
of
announce
like
a
sort
of
target
launch
date
in
the
next
week
or
so,
hopefully,
I
kind
of
want
to
make
sure
everyone
can
kind
of
kind
of
confirm
before
that's
saying
anything
definitively.
F
Yes
still
kind
of
working
with
the
potential
delegates.
If
anybody
who
hasn't
spoken
to
me
yet
wants
to
be
there,
please
let
me
know
we
can
start
dealing
with
some
of
that
yeah.
So
far,
it's
kind
of
looking
good
seen
a
couple
of
the
delegates,
a
couple
of
the
daily
it's
like
sort
of
kind
of
statements
like
position,
statements
and
yeah.
C
A
D
D
Once
we
deploy
this
fast
withdrawal
version,
then
we
can
have
a
revenue
stream
connected
to
the
fact
that
we
mean
die
for
the
future,
for
the
promise
of
future
withdrawal
and
also
like
we
can
think
about
moving
some
parts
of
the
system
like
dss
car
to
roll
up
later,
and
then
you
know
access
all
the
collateral,
that's
available
there.
So
now
there
are
revenue
streams
for
sure,
but
it's
a
bit
more
long-term
game.
F
D
Exactly
so,
control
is
so
very
are
already
in
the
hands
of
the
dao.
It's
just.
We
have
still
like
an
admin
key,
but
we're
gonna
get
rid
of
that
in
like
20
minutes
and
and
yeah.
The
thing
is
that
the
die
address
won't
change,
so
we
you
know
we
have
this
awesome
vanity
address
and
this
will
stay
stay
the
same,
but
in
the
future,
we'll
deploy
just
upgraded
versions
of
the
bridges
that
are
like
opt-in,
probably
upgrade.