►
From YouTube: Governance and Risk | Ep. 154
Description
Agenda: https://forum.makerdao.com/t/agenda-discussion-scientific-governance-and-risk-154-thursday-august-12-17-00-utc/9793
Introduction
@prose11 : Hosting, Introduction, Agenda.
Weekly Updates
Poll + Executive Status - @prose11
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
Sustainable Ecosystem Scaling - @SES-Core-Unit
MIPs - @MIP-Editors
Segments/Discussion
Vaults with variable Stability Fees
Flashloan fees and limits
A
All
right,
hello,
everyone
and
welcome
today
is
august
12th
2021,
and
this
is
the
154th
scientific
governance
and
risk
mute.
My
name
is
payton,
I'm
pros11
on
the
forums
and
just
about
anywhere
maker,
I'm
one
of
the
two
governance
facilitators
here
for
maker
dao
and
have
the
pleasure
of
hosting
this
meeting.
Today,
I'm
joined
by
a
bunch
of
awesome
people
interested
in
maker
and
the
goings-on
here.
A
So
we
use
these
meetings
as
a
way
to
update
the
community
on
what's
going
on
as
well
as
discuss
any
issues
or
questions
of
risk
and
things
we
should
be
aware
about,
as
as
a
community
and
yeah
just
a
great
way
to
get
engaged
so
you're
watching
this
back
on
youtube.
These
are
every
thursday
at
1700
utc
and
if
you
need
help
getting
admitted,
we
just
have.
You
visited
our
governance
and
risk
chat
for
the
official
maker
rocket
chat.
A
I
feel
like
that's
most
of
the
housekeeping
matters
out
of
the
way
we
do
encourage
questions
and,
like
I
said,
engagement
from
everybody.
So
if
someone,
one
of
the
speakers
says
something
you're
interested
about
or
would
like
further
information
feel
free
to
either
drop.
It
in
the
chat
or
come
on
the
mic
when
the
time
presents
itself.
We
try
to
be
pretty
open
on
calling
for
questions
but
yeah.
If
you're
worried
about
the
timing
feel
free
to
use
the
chat,
we're
happy
to
ask
for
you
all
right,
pretty
sure.
A
A
Yes,
excellent:
I
am
correct
on
the
polls.
Sorry
for
that
momentary
grandparent,
but
there
is
one
executive
ongoing
that
does
three
different
things.
I
guess
it
is
a
rates,
change,
distribution
of
our
august
core
unit
budgets
and
some
housekeeping
matters
last
check.
We
were
just
short
of
15,
000,
mkr
and
support.
So
if
you
haven't
taken
a
look
at
that,
please
do
please
do
so
and
consider
voting
yeah
now
back
to
the
previously
scheduled
poll
announcement
confirmed
no
polls
into
this
week.
A
There
are,
however,
three
ongoing
ones.
First,
one
ends
monday,
and
that
is
the
green
light
poll
for
120
db
as
a
real
world
assets
type
facility.
So
you
got
three
more
days
to
kind
of
signal
to
the
community.
If
we
should
be
putting
in
our
time
to
onboard
that
as
a
collateral-
and
there
are
three
ongoing
ratification
polls,
those
will
be
ending
on
the
23rd
of
august.
Here
I
won't
steal
our
mip
editor's
thunder
as
he'll
be
going
over.
A
The
vote
tallies
and
whatnot
later
on
the
call,
but
another
thing
to
take
a
look
at
if
you
are
a
voter
all
right
now
that
I've
struggled
through
that
I'm
going
to
pass
it
over
to
our
other
governance
facilitator
for
an
update
on
what
our
core
unit
the
gov
alpha
choir
unit
vandals
governance
has
been
up
to
this
week
long.
Please
take
it
away
from
me.
B
B
B
B
Another
thing
to
note
from
alpha
is
our
next
budget
proposal
is
now
up
on
the
forum
it
covers
six
months
from
which
is
q4,
2021
q1
2022
in
general,
we're
going
to
try
and
move
towards
longer
budgets
as
we
get
a
better
idea
of
how
much
the
cu
costs
to
run
right
and
figure
out
like
what
our
goals
are.
So
I
think
we're
hoping
for
the
next
one
to
maybe
12
months,
but
this
one
is
for
for
six
months.
B
So
yeah
generally
goal
is
to
say
that
just
to
get
to
the
point
where
governance
doesn't
only
need
to
deal
with
it
once
again,
another
point
worth
noting.
So
as
soon
as
you,
some
of
you
may
or
may
not
know,
we've
been
working
on
doing
documentation
for
governance.
The
plan
is
to
kind
of
launch
that
documentation
under
a
git
book
called
the
maker
operational
manual
kind
of
got
left
by
the
wayside
a
little
bit
because
it
was
never
sort
of
the
highest
priority.
B
Cool
thing
to
report
is
that
gala
is
now
helping
us
kind
of
organize
and
manage
that
project
a
little
bit
more
actively
and
we've
like
already
seen
some
some
progress,
which
is
great,
so
yeah
looking
forward
to
getting
actually
launched
at
last
and
getting
it
removing
all
of
our
sort
of
critical
documentation
there
and
then
yeah.
The
last
thing
to
mention
is
that
pablo
is
now
a
full
myth.
B
A
C
This
week
it
was
crazy,
so
we're
going
to
start
off
with
the
real
world
real
world
finance,
core
unit
teams,
posts
and
announcements
for
the
july
financial
report
has
been
submitted
by
a's,
showing
that
it's
been
another
challenging
month
due
to
a
month-over-month
decrease
in
demand
and
lending
an
income.
However,
on
a
year-over-year
basis,
all
key
metrics
have
improved
significantly.
C
C
Then
we
have
monit
supply
from
the
risk
core
unit
team
published
simulations
on
gas
and
volt
cost
from
a
user
perspective,
discussing
gas
various
parameters
and
platforms
that
can
help
determine
which
fault
sizes
are
favorable.
For
maker
dow,
we
have
grandma
from
the
risk
poor
unit
team
who
published
an
analysis
on
identifying
market
activity
of
vault
users,
and
this
analysis
is
based
on
a
snapshot
taken
on
august
3rd.
That
represents
majority
of
issued
die
from
non-stable
coin
votes
in
the
psm.
C
Oops
then,
we
have
mariano
who
mentions
that
missouri
published
report
on
the
maker
dow
evaluation,
that
report
leverages
charts
provided
by
the
real
real
world
finance
core
unit
to
cover
both
mkr
and
die
attractions
economics
valuation
risk.
They
also
cover
recent
protocol
upgrades,
as
well
as
the
maker.
C
Monet
supply,
who
the
risk
evaluation
for
g
uni,
the
iusdc
unida
usdc,
is
a
fungible
strategy,
token
that
represents
deposits
into
unison,
v3,
because
lp
shares
are
non-functional
nfts
and
they
don't
reinvest
for
earnings.
Primo's
published
an
analysis
on
whether
we
should
lower
liquidation
ratios
or
maker
vaults
in
order
to
boost
die
supply
and
gain
attractiveness
for
maker
vaults.
The
risk
team
use
their
maker
collateral
risk
model
to
quantify
this
analysis.
C
Then
we
have
ace
from
real
world
finance
again
and
he's
now,
a
full-time
with
real
world
finance,
core
unit
team
and
he's
beginning
september,
full
time
so
he's
reaching
out
to
the
community
for
feedback,
discussing
certain
priorities
and
short-term
road
maps
for
the
real
world
finance.
He
wants
a
little
bit
of
feedback
on
that.
C
This
one's
pretty
interesting
just
recently,
adam
from
maker
labs
shared
their
recent
introduction,
their
recent
web
app,
which
is
a
single
page
proof
of
concept
application
and
it
increases
transparent
transparency
around
maker
delegates.
It
offers
so
far.
It
offers
two
main
views,
an
overall
view
of
delegates
and
a
detailed
view
of
corresponding
polls
and
executives.
C
C
A
A
D
I
don't
know
how
that
joke
landed.
I
just
I
just
exited
the
meeting,
so
hopefully
you
guys
enjoyed
that
yeah
anyway,
so
I'm
chris
from
the
protocol
engineering
team,
I'm
one
of
the
shadowy
super
brokers
on
that
team
and
we've
got
a
couple
updates
this
week.
So
for
next
week's
spell,
we've
got
a
bunch
of
stuff.
That's
ready,
I'm
not
necessarily
saying
that
it's
gonna
be
in
that
spell,
but
we've
got
matic,
which
now
has
the
sort
of
osm
and
medianizers
from
the
oracle's
team.
D
So
I
think
matic
is
ready
for
onboarding.
We've
got
dss
best
at
least
the
first
version,
which
is
the
sort
of
like
sucking
die
version
that
helps
pay
teams
that
we
think
is
ready
and
we're.
Hopefully,
gonna
get
that
out
before
we
have
to
do
the
next
round
of
like
four
unit
payments,
so
that
we
can
just
establish
the
sort
of
vesting
next
time
around
again.
That's
that's
for
payments
to
teams,
not
nkr
investing,
and
then
we
are
considering
a
pax
psm
right
now.
D
I've
gone
and
independently
validated
that
that
address
is
indeed
a
gemini
controlled
address.
So
so
others
may
want
to
do
that
as
well,
but
that
that
change
will
also
go
in
there.
Now,
that's
not
an
increase
in
the
debt
ceiling,
yet
it's
just
we'll
put
that
in
and
then
we'll
yank.
We
had
a
one
of
our
deployer
addresses
to
test
that
facility
and
we'll
yank
our
deployer
address
from
there.
D
So
then
just
other
priorities
on
our
plate.
We've
got
g
uni,
which
is
still
in
ongoing
team
reviews
and
audits.
I
think
we
just
found
something
in
the
oracle
for
that
recently,
so
we'll
we're
still
iterating
on
that
the
d3m
is
module,
is
basically
getting
a
review
from
the
ave
team
and
we
have
some
ongoing
discussions
to
determine
like
debt
ceilings
and
whatnot
with
the
state
theft
group.
D
D
We
added
a
calc
factory
to
improve
the
collateral
onboarding
process
and
we've
got
some
formal
verification,
proofs
and
rules
for
the
crop,
join
adapter
coming
and
also
we're
going
to
make
some
changes
to
enhance
the
like
rwa
handling
of
like
debt
ceiling
increases
and
whatnot
in
our
spells,
because
that
was
something
that
came
out
of
a
postmortem.
We
had
a
little
while
back
and
I'll
I'll.
Just
mention
really
quick
that
you
know
the
the
flip
to
eip.
D
1559
has
sort
of
messed
up
the
tooling
in
the
space
a
little
bit
so
so
a
lot
of
us
sort
of
spun
our
wheels
on
tooling
over
the
last
like
week,
or
so
at
least.
I
spun
my
wheels
on
tooling
so,
but
it
looks
like
daptools
is
totally
up
to
date,
which
is
one
of
our
our
big
pieces
of
cooling
and
also
finally
got
their
like
fork
simulations
working
again.
So
so
we're
we're
doing
really
well
and
yeah.
D
So
then
for
l2
updates,
there's
a
end-to-end
test
that
happened
in
arbitrary.
So
this
is
the
other
chris.
On
our
team.
Chris,
with
the
k,
I'm
gonna
say
your
last
name
and
murder.
It
catch
or
chris
catcher,
so
I
don't
know.
Hopefully
I
got
that
right.
Chris
he's
he's
doing
the
end
to
end
test
for
harvard,
and
also
he
refactored,
a
bunch
of
the
typescript
helpers
in
arbitrarium,
for
both
the
arbitrarium,
like
the
the
dye
bridge
for
arbitrary
and
the
optimism
diverge.
D
E
F
Yeah,
that's
a
good
question.
We
we
haven't
specifically
spoken
about
how
folks
would
move
over
from
our
team
to
the
stark
net
team
or
the
evolution
of
the
stark
net
team
after
it
gets
up
and
running.
Their
proposal
is
to
initially
focus
on
an
initial
sort
of
six-month
road
map
have
some
key
deliverables
that
get
the
get
their
solution
out
there
and
delivered
and
then
also
explore
how
it
impacts
liquidations
or
how
other
modules
can
move
over
into
the
the
k
roll-up
space.
F
F
E
F
Yeah,
I
don't
have
a
specific
metric,
yet
I
mean
we
we
reference
one
chris,
with
k
on
our
team
has
built.
L2
beats
as
a
way
to
view
where
we're
seeing
total
value
of
assets
locked,
and
I
I
think
it's
just
something.
We
need
to
sort
of
keep
an
open
mind
with
to
see
where
liquidity
is
flowing
to
and
yeah.
I
I
think,
maybe
that's
something
that
we
should
start
to
incorporate
in
our
risk
framework,
because
it's
not
just
about
risk.
F
G
G
Please
have
a
look
at
proposed
changes
because
we
plan
to
include
them
into
an
on-chain
poll
already
next
week,
so
this
decision
was
was
made
after
we
didn't
see
any
objections
to
our
proposal
last
week,
but
if
there
are
some,
please
please
comment
in
the
threat
I
publish
today
so
that
we
can
evaluate
whether
we
we
missed
anything
mark
also
posted
analysis.
Yesterday.
That
shows
how
makerbots
are
making
volt
users
are
utilizing
their
dye.
We
were
able
to
identify
about
thirty
percent
of
italian
worlds
with
various
farming
activities
activities.
G
I
suggest
you
read
this
this
post,
but
the
main
takeaway
is
that
about
500
million
of
it.
That
exposure
is
currently
mostly
farmed
on
avent
compound,
and
this
is
done
done
by
using
recursive
semicolon
leverage,
and
it's
also
interesting
to
know
that
recalculated
net
yield,
you
know
from
paying
stability,
field
maker
and
opportunity
costs
on
on
its
deposits.
G
G
G
These
collaterals
are
pretty
much
in
line
with
what
we
discussed
with
other
facilitators.
The
only
potential
unknown
criteria
is
the
time
frame,
so
whether
we
should
be
more
aggressive
with
some
collaterals,
such
as,
for
instance,
knc,
where
there's
no
real
economic
benefit
of
having
this
collateral
life
or
having
corticals
enabled.
G
So
we
need
to
determine
how
aggressive
do
we
want
to
be
with
these
parameter
changes
that
follow.
If
you
want
to
avoid
something
in
three
six,
nine
months
and
so
on,
and
then
yeah
other
than
that,
only
a
few
shorter
updates
there's
still
ongoing
work
on
institutional
worlds.
We
are
proceeding
with
evaluating
nexus
current
exposure
and
their
historical
track
record
at
protecting
their
world
with
protocol
engineering
team,
where
we're
still
discussing
appropriate
dev
conspires.
These
are
a
bit
outdated.
G
We
also
started
evaluating
b
protocol
proposer
for
onboarding
new
collateral
type.
There
was
an
interesting
discussion
held
yesterday
on
know
your
mip
session.
I
suggest
you,
you
check
this
in
the
recordings,
we're
also
looking
into
fixed-rate
volts
proposal
by
the
eco
protocol.
This
might
be
interesting
alternative
to
the
recently
proposed
long-term
volts.
F
G
A
H
Yeah,
thank
you
veteran
so
this
week,
not
many
updates
biggest
one
is
the
mavic
new
recall
that
is
now
ready
to
go.
We
need
to
coordinate
on
a
few
things
regarding
regarding
the
megapol
curt.
You
have
the
dosm
and
as
well
as
cleaning
up
some
permissions
once
we
confirm
that
everything
is
all
right,
but
the
feeds
and
the
relayers
are
updated
and
pushing
prices
on
the
development
side.
H
It's
unclear
at
this
point
is,
if
we'll
be
able
to
come
up
with
something
that
will
result
in
gas
savings
and
ultimately
safe
costs
on
on
the
for
maker
dao,
but
that
still
remains
the
in
objective
and
we'll
we'll
start
doing
some
simulation
calculations
in
this
regard,
pretty
soon
also
still
on
the
software
development
team
side.
Now
that
we
finished
the
deployment
there
to
finish
the
development
and
the
deployment
of
both
major
pieces
of
software
in
gopher
and
spire,
we
started
doing
some
much
needed.
H
Refactoring
work,
things
that
we've
been
pushing
back
for
a
long
time,
as
mostly
on
the
infra
and
package
management,
and
the
goal
here
is
to
eventually
give
additional
deployment
and
configuration
options
to
feeds
and
and
relayers
yeah.
So
nick
will
be
back
next
week.
So
we'll
be
back
to
the
regular
regular
update
format
starting
next
week.
A
A
I
I
I
So
I
thought
that
maybe
we
can
use
a
keyman
foundation
to
invest
in
some
safe
assets,
not
ultra
safe
but
still
safe.
So
we
can
get
at
least
a
bit
of
yield,
and
so
I
shared
this
in
a
in
a
forum
poll
and
please
please
comment
on
it
and
and
vote,
and
so
we
can
be.
We
can
see
what
is
the
wish
of
the
community.
I
We
will
have
some
discussion
with
some
characters
and
when
some
delegates,
and
so
on
on
the
those
this
is
for
the
canon
foundation,
slash
select
front.
On
the
data
front,
we
have
decided
to
pause
a
little
bit
who
works
on
the
data
infrastructure,
because
it's
a
lot
of
work.
There
was
some
complications
and
we
are
focusing
more
currently
on
continue
to
use
gene
analytics.
I
So
one
nice
thing
with
gene
analytics.
So
it's
not
perfect
for
some
stuff.
Some
deep
analysis
are
quite
complex
to
do
and
almost
impossible
to
do
suddenly,
because
it's
not
designed
for
that.
But
the
cool
thing
is
that
you
have
a
pr
with
that
and
if
you
see
the
the
dashboard
I've
made
you
can
share,
the
link
is
using
enough
a
lot
of
articles
around
the
web
and
in
the
last
seed
round
from
gene
analytics,
or
it
was
a
theory.
I
don't
remember.
I
As
generally
the
maker
dashboard
was
used
as
the
example
to
display
what
gene
analytics
is
capable
of.
So
it's
push
make
it
out
in
front
of
the
default
community
as
a
as
a
world,
and
so
I
think
it's
a
nice
to
have
a
feature
for
gene
analytics
and
the,
and
I
expect
with
this
funding
it
was
a
six
or
eight
million.
The
tool
will
get
better
and
better.
So
I
think
it's
worthwhile
to
continue
to
to
use
it
and
not
invest
too
much
elsewhere.
I
On
the
finance
front,
aes
is
working
on
an
institution
east,
initially
sorry,
institutional,
world
economic
analysis,
and
he
will
publish
it
soon,
maybe
next
week,
and
he
also
made
a
post
to
ask
the
community
what
is
important
for
the
community
regarding
the
financial
reportings.
So
please
answer
to
him
and
provide
feedbacks.
It
would
be
a
welcome
and
on
the
last
front,
on
the
side,
we
are
working
on
the
secretization
one
map,
so
basically
working
with
the
law
firm
on
the
new
silver
investment.
I
We
have
now
a
quite
perspective
of
what
should
be
done
to
achieve
the
end
goal
of
bringing
all
the
secretization
of
traditional
finance
on
chain,
as
there
are
some
things
that
need
to
be
fixed,
some
things
that
need
to
be
developed.
I
will
probably
share
the
document
next
week
and
to
help
us
moving
forward.
We
opened
the
new
job
position
on
the
rebound
finance
team
and
we
are
looking
for
an
expert
in
securitization
to
help
us
well
just
do
better
and
that's
about
it
on
my
side
and
I
leave
the
floor
now
to
matthew.
J
Hello,
everyone,
as
you
may
have
seen
on
twitter
success
capital,
has
helped
close
the
first
institutional,
delaware,
statutory
trust
structure
with
a
world
class
trial
world
class
trustee
a
couple
weeks
ago.
This
deal
has
been
in
the
works
right
now
for
just
about
a
calendar
year.
Just
a
quick
shout
out
to
say
thank
you
to
the
community
for
your
support
publicly
and
privately.
J
It's
been
a
hell
of
a
challenge
and
your
support
really
has
made
just
all
the
difference
and
kind
of
a
joke,
but
like
if
you've
seen
like
the
most
recent,
like
one
of
these
netflix
series
right,
ted
lazo
taking
on
a
new
challenge,
is
a
lot
like
riding
a
horse.
If
you're
comfortable
doing
it
well,
you're,
probably
doing
it
wrong.
J
E
I
Yeah,
they
are
looking
at
almost
everything.
So
currently
they
just
write
a
long
document
with
a
lot
of
stuff,
some
that
are
very
minor,
some
that
are
more
important.
There
is
no
big
issue,
I
would
say,
but
yeah,
so
there
are
some
stuff
to
address,
but
nothing
is
too
bad,
I
mean.
Obviously
we
would
have
act
more
quickly
if
there
was
okay
and.
K
A
So
I'm
happy
to
see
you
so
much
stuff
going
on
there
just
sent
out
a
link
to
your
retweet
there
that
do
analytics.
That
was
pretty
exciting
to
see
your
dashboard
eustace
as
another
example
of
what
doom
can
be
used
for
yeah
great
to
see
maker
in
the
news
there
all
right
continuing
on.
I
believe
we
have
growth
next
nadia.
Are
you
giving
the
update
today.
L
I
think
next
is
an
exception
that
is
willing
to
use
a
maker
dow
without
doing
a
kyc
of
an
entity
that
represents
maker
dao,
so
the
implementation
of
the
institutional
volts
and
the
long-term
volts
proposal.
That
will
be
the
first
step
towards
having
a
solution
for
these
institutions,
but
then
we
shall,
like
start
looking
for
alternatives
for
all
these
other
institutions
that
want
to
have
access
to
a
thai,
but
they
also
need
to
kyc
and
entity.
L
So
that's
that's
why
we
are
starting
conversations
with
different
companies
like
the
very
big
and
well
recognized
companies
that
manage
a
huge
crypto
funds.
We
are
talking
about
billions
on
on
crypto
and
they
do
the
custody
and
they
also
manage
loans,
and
the
idea
is
that
they
could
use
maker
the
protocol
to
offer
loans
to
these
other
institutions
so
use
them
as
as
like
the
the
middlemen
between
maker
and
the
institutions.
L
Again.
We
think,
like
part
of
the
spirit
of
the
centralization,
is
like
to
start
creating
different
frameworks
and
have
different
options
for
all
these
institutions.
That
could
come
in
the
future
to
open
vaults,
also
regarding
well,
the
psm
you'll
see
taxes
that
posted
their
proposal
to
include
facts
in
the
psm
and
we
as
they
grow
korean.
We
want
to
put
that
for
the
for
the
weekly
poll
on
next
monday
and
in
well
the
stars
of
the
week
this
during
this
week
or
maybe
next
bbns.
L
One
of
the
biggest
exchanges
in
india
will
include
the
dai
indian
rupee
pair
in
their
markets,
and
they
will
be
helping
us
to
create
different
programs
to
increase
their
warning,
our
earners
in
the
indian
market.
Also
in
latin
america.
It's
kilo
app
it's
a
wallet,
a
peer-to-peer
wallet
of
diet
that
works
on
binance
smart
chain,
and
they
are
also
like
creating
different
campaigns
in
argentina
and
venezuela
to
increase
usage
on
those
countries.
L
Artist,
that
is
receiving
die
donations
to
support
two
kids.
I
talked
about
this
last
on
the
last
governance.
Call
if
you
want
to
know
more
about
it,
go
and
check
our
twitter
account
and
read
about
this.
This
artist-
and
this
was
things
like
the
bns.
It
was
thanks
to
jocelyn,
who
is
like
doing
an
awesome
job
in
all
the
asian
market.
L
Skill
app
was
a
great
job
that
luis
is
doing
in
venezuela
and
a
tweet
that
you
will
read
in
our
twitter
handle
about
mika
jonson
and
the
die
domination
was
thanks
to
jen
that
I
I
don't
know
if
you
know,
but
if
you
want
to
know
about
any
of
these,
that's
your
girl.
So
that's
the
updates
for
this
week.
Any
questions.
L
A
Awesome
a
lot
of
stuff
with
that,
always
from
growth,
a
lot
of
big
deals
coming
down
the
pipeline.
So
thanks
for
updating
us
and
happy
to
hear
about
all
the
progress
great
all
right
up.
Next,
we
have
the
sustainable
ecosystem
scaling
core
unit
working
on
being
able
to
see
that
say
that
together,
all
at
once,
maybe
even
faster.
M
Thanks
yeah,
it's
even
hard
for
me,
so
I
don't
blame
you.
I
was
wondering
if,
after
after
all,
these
groups
presenting
people
still
have
the
energy
to
to
listen
I'll
I'll,
make
it
quick
yeah,
so
that
the
the
picture
on
the
top
right
is
from
a
couple
hours
ago,
that's
roon,
7
and
nikolai
from
scs,
enjoying
a
beer
and
some
rooftop
in
copenhagen,
but
yeah
going
back
to
the
things
that
we've
done.
M
M
We
got
a
lot
of
good
feedback,
but
if
anyone
wants
to
to
use
it
or
learn
how
to
use
it
or
they
have
questions
and
they
would
like
to
apply
a
more
yeah,
a
more
controlled
approach
to
the
finances
of
their
core
units,
let
me
know
and
I'll
be
happy
to
set
you
up
same
thing
for
the
mkr
compensation
template.
So
it's
it's
called
cookie
cutter
or
something
and
there's
a
presentation
that
we've
done
last
week.
It's
in
our
public
folder.
M
So
if
any
coordinator
wants
to
explore
it
or
see
how
it
works,
it's
it's
there
in
the
public
folder
tomorrow,
we'll
have
jordan
and
lenka
doing
the
first,
a
presentation
on
the
first
findings
for
project
x-ray,
which
is
how
to
retain
talent
and
capture
talent
in
a
in
a
dial.
So
quite
interesting,
I'm
looking
forward
to
seeing
that
so
tomorrow,
at
2,
30
utc
join
us
in
the
ses
update
and
then
just
a
shout
out
that
we
are
looking
for
talent.
M
So
if
you
know
someone
that
might
be
a
good
fit
send
them
my
way.
Please,
regarding
the
community
we
had
yesterday
nebula
for
real
world
assets,
really
interesting,
really
well
presented
talk.
The
the
position
was
really
good.
I
think
it's
already
on
youtube.
Okay,
it
is
great
and
we
also
had
the
b
protocol
declaration
of
intent.
It's
already
up.
So
if
you
want
to
check
it
out,
go
ahead
next
week
we
will
have
a
capital
now
cannabis
for
real
world
assets
in
the
collateral.
M
Onboarding,
so
come
join
us
and
we
will
have
seven
ventures
explaining
the
mip
58
real
world
assets
foundations.
So
that's
next
week,
I'm
also
trying
to
convince
bourbon
to
do
a
cops
or
a
lunchbot
session
on
the
strategic
happiness
core
unit.
That's
coming
soon,
so
that's
to
be
defined
very
very
soon
and
oh
yeah.
The
thing
that
I
was
forgetting
this
list
con.
That's,
I
think
it's
october
20th
and
21st,
so
we
are
most
likely
going
to
be
doing
something.
It's
not
still
clear
what,
but
we
will
be
there.
M
M
M
If
my
memory
is
not
failing,
then
there
will
be
a
hackathon,
so
it's
this
one
I
feel
maybe
juliana
can
help
me,
but
my
memory
is
not
serving
me
well
today
and
that's
going
to
be
during
the
yeah
atleastman.org
that's
going
to
be
during
the
weekend,
and
it's
only
450
people,
which
means
that
there
are
650
people
interested
in
youth.
That
would
love
to
see
workshops
and
side
events.
M
So
that's
a
good
opportunity
to
feel
right
there
and
after
that,
if
anyone's
thinking
of
coming
from
long
distance,
there's
the
solana
conference,
I
think,
beginning
of
november.
I
think
it's
solana.com
this
one
so
yeah
we
we
we're
still
not
sure
what
we'll
be
doing
but
we'll
be
doing
something
and
collaborating
with
the
great
teams
that
are
on
the
ground.
M
K
D
B
L
M
Yeah
totally
so
we
we
still
don't
know
what
we're
doing.
We
know
that
we
have
a
lot
of
material
to
present.
People
are
or
how
to
form
a
dao
is
gaining
a
lot
of
traction
out
there,
so
we
will
be
doing
something
for
sure
yeah
more
news
coming
soon.
I
guess,
and
that's
it
for
for
us,
as
always,
is
how
to
find
us
our
office
hours,
emails,
discord,
handles
and
telegram
and
whatnot
rocket
chats.
N
Yeah
I
do,
I
do
have
like
a
general
question
so
so
like
so
so.
Actually
it's
it's
related
a
little
bit
to
my
thinking
about
this
lisbon
event,
so
in
general,
like
I,
I
think
it's
really
really
great
for
teams
at
maker
dow
to
go
to
off
sites
and
meet
people
in
person
and
stuff
and
so
like
when
I
look
at
a
an
event
like
eth
lisbon,
speaking
as
the
facilitator
of
the
govcoms
core
unit.
N
M
It
depends
a
lot
of
no,
and
I
agree
it
really
depends
a
lot
on
on
the.
So
there
are
a
lot
of
things
that
you
can
be
doing
during
these
things.
One
of
like
the
most
basic
one
is
meeting
a
lot
of
people,
so
my
main
reason
to
go
to
paris
was
actually
meeting
the
people
that
I've
been
like
contributing
with
for
over
a
year
and
I've
never
worked
with.
M
So
that
was
my
main
motivation,
but
then,
for
example,
if
you're
invited
to
speak
in
different
panels
or
talks
or
give
presentations
and
share
your
your
knowledge
that
that's
already
giving
maker
a
lot
of
exposure,
so
that's
good
for
for
marketing
and
for
traction
and-
and
I
don't
know
for
for
ses-
it
was
really
really
helpful
to
be
in
paris.
Even
if
we
didn't
plan
something
like
the
spectacularly
big.
So
for
us
it
was
quite
valuable
to
be
there.
M
We
got
a
lot
of
contacts
in
terms
of
expanding
and
yeah
for
the
legal
part
as
well,
so
layer,
zero
was
there.
He
did
really
well
in
that
aspect
as
well.
So
all
in
all,
I
think
it
was
positive
for
us.
It
wasn't
very
expensive
because
we
were
based
here,
so
it
really
depends.
I
think
it's
at
the
end
of
the
day,
you
might
have
some
budget
that
you
want
to
use,
and
then
you
need
to
pick
your
your
worth.
N
Yeah
cool,
yeah
and
and
for
context
like
our
budget
passed
with,
I
think
10k
a
year
for
travel
and
in
my
mind,
I'm
just
want
to
prioritize
the
right
events,
because
I
don't
want
to
you
know,
go
to
an
event
that
you
know
I
could
just
not
go
to
and
then
a
month
later,
like
you
know
something
that's
way
more
worth.
Our
time
happens
so
yeah,
I'm
just
thinking,
I'm
just
trying
to
think
a
little
bit
more
strategically
about
it.
O
O
Cool
so
hello,
everyone
welcome
to
the
maker,
dars
weekly
nips
update
and
we
are
currently
on
week.
2
of
the
august
governance
cycle
and
ratification
polls
went
live
on
monday,
the
9th
and,
as
you
remember,
we
had
three
formal
summations
for
this
governance
cycle,
and
these
were
the
proposals
head
for
the
day.
Foundation
coordinates
the
m
currency
plan
for
the
growth
coordinates
and
the
declaration
of
intent
for
the
importing
of
the
nuclear
type
backed
by
the
protocol.
O
These
are
now
live
and
you
can
vote
on
them
on
the
portal
and
they
are
currently
looking
more
or
less
like
this.
These
numbers
are
updated,
were
updated
like
two
hours
ago
or
so
so,
as
you
can
see,
all
of
them
have
already
reached
and
surpassed
the
minimum
participation,
positive
participation
threshold
and
the
the
reception
has
been
overwhelmingly
positive.
So
far,
of
course,
there's
still
like
more
than
one
week
to
go,
but
things
are
looking
very
good
for
these
proposals.
O
Some
of
them
have
been
submitted
recently,
like
one
or
two
days
ago.
Some
of
them
have
been
updated.
Likewise,
one
or
two
days
ago-
and
we
have
some
that
happen
in
rfc
for
a
longer
time
as
for
the
newly
submitted,
those
are
the
start.
Net
engineering
coordinate
proposal
set
the
one
frank
and
grace
talked
about
a
bit
earlier.
The
ducks
coordinate
proposal
set,
which
has
awesome
designs.
O
I
really
love
the
color
steels
and
we
have
also
three
budget
related
proposals,
one
for
the
default
core
units
for
the
fourth
quarter
and
one
for
the
risk
code
unit.
It's
a
maker
compensation
plan
which
is
w
retroactive.
That
means
it's
not
only
rejected
to
the
creation
of
the
government,
but
also
to
pre-coordinate
times
so,
there's
a
bit
of
discussion
around
that
one.
O
I
know
juan
has
been
helping
there
anyway
go
check
it
out,
please
if
you
haven't
and
as
for
the
rest,
these
are
the
ones
that
have
been
longer
in
the
rfc
period
or
have
not
been
updated.
Recently
we
have
the
mega
portfolio
units
made
56
57
with
58.
All
of
this
can,
in
principle,
make
it
into
the
september
governance
cycle,
except
for
the
neptune
institute.
As
I
mentioned
earlier,
usually,
proposals
said
for
the
addition
of
coordinates
are
tripartite.
O
They
have
three
sub
proposals
in
the
case
of
this
one
there's
only
one
and
it
won't
be
making
it
into
the
next
governance
cycle,
because
the
other
two
proposals
which
must
pass
together
are
not
have
not
been
submitted.
Yet
I
believe,
that's
pretty
much
it.
This
is
the
first
time
I
kind
of
go
through
all
this
process
without
anyone
working
alongside
I
like
david
is
the
korean
facilitator
for
the
outcomes
now
and
charles
is
busy
doing
other
stuff.
So
it's
been
me
and
it's
been
quite
a
bit
of
work.
I'm
surprised.
O
I
have
to
spend
so
much
time
working
on
on
this,
but
yeah,
that's
it.
I
I
I
feel,
like
there's
still
quite
a
lot
of
confusion
regarding
the
time
for
the
proposals,
the
rfc,
the
formal
submission
period,
the
frozen
period
and
all
that
and
I'm
working
on
documentation
that,
hopefully,
will
make
things
easier.
O
P
A
N
O
A
A
Not
seen
any
other
questions,
so
thanks
pablo
that
was
great
a
lot
of
lips
to
go
through,
as
you
mentioned,
so
I
appreciate
you
putting
those
all
together
for
us
that
does
reach
the
end
of
our
formal
agenda.
Here
there
was
one
item
I
wanted
to
circle
back
on
which
I'm
pretty
sure
I
didn't
mention,
which
usually
means
I
didn't,
but
I
don't
know.
Sometimes
you
can
space
out
while
talking
and
hosting
a
meeting,
but
I
wanted
to
let
everyone
know
that
we
will
be
skipping.
A
The
executive
vote
for
this
friday
I'll
be
putting
a
post
on
that
on
the
forums
after
this
call,
but
again
kind
of
in
line
with
what
we've
talked
about
previously
in
terms
of
not
forcing
a
executive
when
we
don't
need
one.
This
is
another
week
where
we
didn't
have
much
to
add
in
so
we
will
just
be
putting
that
together
for
next
weeks
and
matching
whatever
comes
about
cool.
A
I
wanted
to
make
sure
I
added
that
in
seeing
as
we
are
at
the
end
of
the
formal
agenda,
this
is
typically
the
point
in
the
meeting
where
we
open
it
up
to
general
discussion.
Be
it
questions
about
some
of
the
stuff
we've
talked
about
or
new
items
I
noticed
earlier
in
the
call
we
did
have
a
comment
from
from
bourbon
there
about
a
variable
rates.
Vault.
I
know
there's
some
discussion
saying
that
right
now
would
not
be
technically
possible.
A
K
Yeah,
so
I
think
I'm
one
of
the
only
people
using
e3
as
aggressively
as
possible,
though
I
pulled
it
back
a
little
bit
but
yeah.
So
if
you're
sitting
under
a
150
percent
sure
six
percent
is
actually
six
percent
doesn't
doesn't
matter
to
me
at
all
regardless
because
I'm
using
it
for
leverage.
But
you
know
let's
say
I
want
to
de-risk,
I
feel
like
the
top
is
in
or
whatever
I
get
cold
feet
and
I
move
up
to
200
300.
K
While
I
might
not
mind
paying
the
six
percent,
I
could
migrate
to
e3
or
eat
c
through
some
recipe.
But
that's
a
lot
of
you
know
gas
and
all
that
sort
of
stuff
flat
fees
and
then
once
I
want
to
crank
it
up
again,
I
would
you
know
have
to
make
that
shift
back
and
it's
not
clear
if
that'll
be
worth
it
for
me
or
not.
K
K
If
it's
you
know,
if
it's
possible
to
do
because
you
know,
one
of
the
reasons
we
charge
more
for
for
ep
is
because
this
people
using
it,
are
riskier,
but
if
their
vaults
are
sitting
at
you
know
a
regular
ratio,
then
why
should
they
be
paying
the
the
the
six
percent
they'd
be
paying
a
lower
percentage?
I
don't
know
if
you've
run
three
different
oracle
oracles
for
this
b
for
more
yeah
125
would
be
great
also
but
yeah.
K
K
Well,
yeah,
I
don't
know
exactly
how
it
would
technically
work,
but
you
know
it
could
be
easier
to
maintain
one
thing
for
us
rather
than
three
different
ball
types
and
then
just
wait
listed
for
one
customer
yeah.
So
I
think
you
guys
get
the
idea
there.
I
think
it's
probably
not
a
priority,
but
maybe
other
users
might
see
the
same
necessity
for
this,
and
maybe
there
is
a
lot
of
demand
for
something
like
this.
P
The
challenge
is
really
around
finding
an
efficient
way
to
implement
it.
I
mean
the
the
sort
of
poor
man's
way
to
do.
It
is
like
we,
we
have
three
eath
types
already,
and
so
you
could
build
some
automation
that
would
move
you
between
the
three
of
them,
based
on
where
you
were
keeping
your
collateralization
ratio.
The
problem
is:
that's,
probably
not
economical
from
like
a
gas
perspective,
yeah.
K
P
Somebody
could
build
like
an
aggregator
kind
of
thing
on
top
of
maker,
where,
if
people
were
all
willing
to
say,
accept
the
same
amount
of
exposure,
you
know
you
could
have
multiple
depositors
putting
into
it
and
then
you
could
socialize
the
gas
costs
in
some
way
by
you
know.
Having
some
operator
that
you
know
is,
does
the
rebalancing
between
different
fee
rate
eths
and
then,
like
some,
you
know,
there's
some
diversion
of
the
the
profits
made.
K
G
P
Know
if
you
can
get
a
bunch
of
other
people
interested
and
show
that
there's
demand,
you
know
the
market
might
cough.
Somebody
up-
and
you
know
make
her
on.
You
know
like
the
dow
on
its
side,
could
accommodate
that
by
maybe
adding
you
know,
maybe
more
fine
grain
like
levels
of
of
collateral,
so
there's
a
little
bit
more
control
over
fee
versus
collateralization
ratio
is.
P
K
Q
K
P
Mean
from
a
scalability
perspective,
the
like
the
aggregator
that
switched
between
switches
between
each
elks
for
a
bunch
of
depositors.
All
at
once
is
I
I
sort
of
suspect.
That's
probably
the
only
model
you
could
get
to
work
on
l1,
maybe
on
some
of
these
l2s
fees
do
prove
out
to
be
much
much
lower
and
we
could
experiment
with
some
of
these
less
efficient
but
more
customized
things.
K
I
can
you
know
I.
I
do
obviously
all
my
leveraging
on.
I
don't
know
it's
obvious,
but
I
do
everything
on
d5
saver,
so
they
would
probably
be
a
good
candidate
to
be
that
aggregator,
since
they
have
a
bunch
of
different
fault
types
to
begin
with.
That
would
probably
be
I'll,
run
the
idea
past
them
and
see
what
they
think
is
probably
they're
already
pretty
swamped
themselves.
I
don't
know
how
badly
they'll
jump
at
this
opportunity,
but
if
anyone
were
to
do
it,
it
might
be
them
or
maybe
insta-death,
but
I
don't.
K
K
B
G
Yeah,
I
think
this
was
before
liquidation
2.0,
but
then
I
was
under
the
impression
that
this
proposal
by
b
protocol
might
go
through
and
they
actually
proposed
global
liquidation
ratio
grab
bitcoin
world.
As
you
know,
some
kind
of
pilot
project
or
testing
vault
type.
So
I
was
under
impression
that
if
we
support
that
one
we
want
to
implement
it
in
such
a
such
manner.
K
I
mean,
maybe
you
can
only
you-
can
implement
it,
but
only
allow
users
to
use
it
that
are
using
something
you
know
like
deep
by
saver
or
you
know
if
oasis
creates
something
that
like
has
liquidation
protection
built
in,
so
it
won't
be
an
overload
on
our
system
right
so
yeah.
So
if
liquidation
is
the
is
the
risk
only
allow
it
for
users
that
employ
a
service
that
protects
them
from
liquidation?
I
L
D
D
A
M
B
B
Q
A
B
P
P
Mountain
right
there,
especially
because
we're
kind
of
hamstrung
because
of
the
way
the
system
is
set
up,
authorization
wise.
We
can't
just
like
met
directly
on
the
token
we
have
to
you,
know
basically
issue
it
from
the
vat
and
that
that
adds
a
ton
of
gas
overhead
to
ours,
which
could
be
why
people
don't
use
them
as
well.
I
don't
have
any
data
on
that,
though,.
B
A
P
Dummy
ilk
just
like
the
optimized
version
of
the
psn
we
talked
about
a
long
time
ago
and
like
it
can
you
know
if
emergency
shutdown
happens,
it
can
just
you
know,
there's
a
mechanism
where
it
all
get.
You
know
it's,
it's
all
fake
dye
anyway,
so
it
all
just
cancels
out,
but
yeah
like
you
could
do
that
it
just
now,
like
the
various
you
know,
all
the
dashboards
like
die,
stats
and
stuff,
or
you
know
it's
going
to
be
wrong
until
somebody
until
people
update
them.
J
Yeah,
it
all
sounds
great,
but
we
just
need
to
make
sure
we're
good
stewards
of
the
entire
ecosystem.
I
mean
anytime,
you
start
removing
the
ceilings
off
of
this
stuff
and
maker
is
the
core
of
being
able
to
create
an
infinite
amount
of
dye.
I
mean
there's
a
whole
lot
of
damage
that
could
be
used
could
be
done
to
the
to
not
only
us
but
to
the
rest
of
the
entire
ecosystem,
and
if
we
don't
have
a
way
to
constrain
it,
because
we
hard
coded
to
remove
it.
That's
a
hell
of
a
problem.
N
B
Q
A
O
A
Q
P
I
mean
the
the
cheap
way
to
sort
of
estimate.
If
you
just
want
to
like
do
it
by
looking
at
contracts
is
just
like
look
at
how
many
s
operations
there
are
because
those
tend
to
dominate
gas
and
then
beyond
that
look
at
s-loads
too,
which
are
like
the
second
biggest
contributions,
and
that
that
can
give
you
a
pretty
good
rough
idea
than
just
based
on
the
gas
cost
of
those
off
codes.
What
the
difference
is
going
to
be,
but
it's
also
easy
to
just
write
a
test
for
it.