--- tags: Monthly Governance Review --- # Monthly Governance Review | October 2021 ![](https://i.imgur.com/Zv0Mc3Z.png) ## Top Governance News With four Executive Votes passed and a plethora of new projects launching and gaining traction, October has been an especially productive month for MakerDAO. The passage of the [final Executive of September on October 2nd](https://vote.makerdao.com/executive/template-executive-vote-offboarding-usdt-collateral-core-unit-budget-distributions-october-1-2021?network=mainnet#proposal-detail) kicked off the offboarding of several collateral types with USDT and also included Core Unit budget distributions for the month. The following [October 7th Executive](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) ramped up offboarding by finalizing the shutdown of BAT-A, LRC-A, ZRX-A, UNIV2AAVEETH-A, and UNIV2LINKETH-A. This Executive also included more funds for Core Units. The [October 21st Executive](https://vote.makerdao.com/executive/template-executive-vote-parameter-changes-wsteth-a-onboarding-october-22-2021?network=mainnet#proposal-detail) onboarded staked ETH (wstETH) as a collateral type and included several parameter changes detailed below in “Parameter Changes & Vault Upgrades.” And last but certainly not least, the [October 28th Executive](https://vote.makerdao.com/executive/template-executive-vote-aave-d3m-onboarding-and-core-unit-budget-transfers-october-29-2021?network=mainnet#proposal-detail) included the onboarding of the Aave Direct Deposit Module (D3M), along with budget streaming to the Growth Core Unit as well as the newly onboarded Data Insights Core Unit. It has also been a huge month for many of the projects MakerDAO has been working on: - [G-UNIV3-DAI-USDC1-A (G-UNI)](https://forum.makerdao.com/t/g-uni-dai-usdc-uniswap-v3-lp-erc20-collateral-onboarding-application/9026) hit its debt ceiling twice after going live in September; first at its initial debt ceiling of $10m and again only two days after its increase to $50m. - The [Dai Direct Deposit Module (D3M)](https://vote.makerdao.com/executive/template-executive-vote-aave-d3m-onboarding-and-core-unit-budget-transfers-october-29-2021?network=mainnet#proposal-detail) launched and is off to a hot start, also reaching its initial debt ceiling in less than 48 hours. - [Wrapped Staked Ether (WstETH)](https://vote.makerdao.com/executive/template-executive-vote-parameter-changes-wsteth-a-onboarding-october-22-2021?network=mainnet#proposal-detail) also saw an explosive launch, scraping up against its initial debt ceiling of $10mil in just over a day. Vote delegation also saw significant shifts after the former Recognized Delegate, Planet_X, announced an indefinite sabbatical from the DAO. A snapshot of the current Governance landscape can be found in the “Key Outcomes” section below. ## Key Outcomes ### Maker Improvement Proposals The month of October contained six ratification polls, which all passed: | Ratification Poll | Discussion | Winning Option | | :---------------: | :--------: | :------------: | | [Modify Core Unit Budget, MKT-001](https://vote.makerdao.com/polling/QmWn7G3Q?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp33-modify-core-unit-budget-mkt-001/10150) | No | | [Growth Core Unit Budget, GRO-001](https://vote.makerdao.com/polling/QmYQsaQq?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp37-growth-core-unit-budget-gro-001/10228) | Yes | | [Adding MakerLabs Core Unit (SNUNK-001)](https://vote.makerdao.com/polling/QmV44i6E?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip39c2-sp21-adding-makerlabs-core-unit/9425) | No | | [Adding Data Insights Core Unit (DIN-001)](https://vote.makerdao.com/polling/QmR7fMc6?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip39c2-sp22-adding-data-insights-core-unit-din-001/10208) | Yes | | [Adding the Deco Fixed Rate Core Unit (DECO-001)](https://vote.makerdao.com/polling/QmZyjR4t?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip39c2-sp23-adding-the-deco-fixed-rate-core-unit/10224) | No | | [Implementation of DSS Charter (MIP59)](https://vote.makerdao.com/polling/QmNVWmdU?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip59-dsscharter/10028) | Yes | ### Delegation After the redistribution of the MKR delegated to Planet_X, the current governance landscape is as follows: | Delegate | MKR allocated | Proportion | |---|---|--- | [Flip Flap Flop LLC](https://vote.makerdao.com/address/0xaf8aa6846539033eaf0c3ca4c9c7373e370e039b?network=mainnet#delegate-credentials) | 23,903.23 | 45.31% | | [Feedback Loops LLC](https://vote.makerdao.com/address/0x845b36e1e4f41a361dd711bda8ea239bf191fe95?network=mainnet#delegate-credentials) | 10,102.26 | 19.15% | | [PaperImperium](https://vote.makerdao.com/address/0xad2fda5f6ce305d2ced380fdfa791b6a26e7f281?network=mainnet#delegate-credentials) | 8,511.07 | 16.13% | | [monetsupply](https://vote.makerdao.com/address/0x45127ec92b58c3a89e89f63553073adcaf2f1f5f?network=mainnet) | 5,139.34 | 9.74% | | [MakerMan](https://vote.makerdao.com/address/0x22d5294a23d49294bf11d9db8beda36e104ad9b3?network=mainnet) | 5,061.75 | 9.60% | | [ultraschuppi](https://vote.makerdao.com/address/0xb21e535fb349e4ef0520318acfe589e174b0126b?network=mainnet) | 33.00 | 0.06% | #### PaperImperium Supplemental Compensation [PaperImperium Supplemental Compensation - October 11, 2021](https://vote.makerdao.com/polling/QmdmeUjv?network=mainnet) This poll *did not* pass to support the following changes: - Transfering 50,000 DAI to recognized delegate PaperImperium as Supplemental Compensation. - [Breakdown](https://forum.makerdao.com/t/signal-request-paperimperium-supplemental-compensation/10454) for intended use of funds. #### Recognized Delegate Compensation [Recognised Delegate Compensation Trial - October 25, 2021](https://vote.makerdao.com/polling/QmPCbBu3?network=mainnet) This poll *did not* pass to support the following changes: - Trialing recognized delegate compensation for three months, starting in November as per [MIP61.](https://forum.makerdao.com/t/mip61-delegate-compensation/10640) - Maximum Compensation Threshold: 10,000 MKR. - Maximum Annual Compensation: 48,000 DAI. - Exponential Factor: 0.5. ### Clean Money Sentiment [Clean Money Sentiment - October 25, 2021](https://vote.makerdao.com/polling/Qmdumzrv?network=mainnet) This poll *passed* to support the general direction laid out in the post [‘The Case for Clean Money.’](https://forum.makerdao.com/t/the-case-for-clean-money/10684) ### Core Unit Budget Distributions #### Core Unit Budget Distribution DAI Streaming DAI streams were set up for the following Core Units: | Core Unit | DAI Amount | Period | | :-------: | :--------: | :----: | | GovAlpha (GOV-001) | [538,400 DAI](https://vote.makerdao.com/executive/template-executive-vote-offboarding-usdt-collateral-core-unit-budget-distributions-october-1-2021?network=mainnet#proposal-detail) | Over 6 months starting 2021-10-01 | | Starknet Engineering (SNE-001) | [135,375 DAI](https://vote.makerdao.com/executive/template-executive-vote-offboarding-usdt-collateral-core-unit-budget-distributions-october-1-2021?network=mainnet#proposal-detail) | Over 3 months starting 2021-10-01 | | Strategic Happiness (SH-001) | [58,000 DAI](https://vote.makerdao.com/executive/template-executive-vote-offboarding-usdt-collateral-core-unit-budget-distributions-october-1-2021?network=mainnet#proposal-detail) | Over 3 months starting 2021-10-01 | | Data Insights Core Unit (DIN-001) | [357,000 DAI](https://vote.makerdao.com/executive/template-executive-vote-aave-d3m-onboarding-and-core-unit-budget-transfers-october-29-2021?network=mainnet#proposal-detail) | Over 6 months starting 2021-11-01 | | Growth Core Unit (GRO-001) | [942,663 DAI](https://vote.makerdao.com/executive/template-executive-vote-aave-d3m-onboarding-and-core-unit-budget-transfers-october-29-2021?network=mainnet#proposal-detail) | Over 8 months starting 2021-11-01 | #### Core Unit Budget Immediate DAI Transfers Immediate DAI distributions were made for the following Core Units: | Core Unit | DAI Amount | | :-------: | :--------: | | Development & UX (DUX-001) | [483,575 DAI](https://vote.makerdao.com/executive/template-executive-vote-offboarding-usdt-collateral-core-unit-budget-distributions-october-1-2021?network=mainnet#proposal-detail) | | Sustainable Ecosystem Scaling (SES-001) | [307,631 DAI](https://vote.makerdao.com/executive/template-executive-vote-offboarding-usdt-collateral-core-unit-budget-distributions-october-1-2021?network=mainnet#proposal-detail) | | Strategic Happiness (SH-001) | [106,500 DAI](https://vote.makerdao.com/executive/template-executive-vote-offboarding-usdt-collateral-core-unit-budget-distributions-october-1-2021?network=mainnet#proposal-detail) | | StarkNet Engineering (SNE-001) | [75,000 DAI](https://vote.makerdao.com/executive/template-executive-vote-offboarding-usdt-collateral-core-unit-budget-distributions-october-1-2021?network=mainnet#proposal-detail) | | Collateral Engineering Services Core Unit (CES-001) | [1,223,552 DAI](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | | Data Insights Core Unit (DIN-001) | [107,500 DAI](https://vote.makerdao.com/executive/template-executive-vote-aave-d3m-onboarding-and-core-unit-budget-transfers-october-29-2021?network=mainnet#proposal-detail) | | Growth Core Unit (GRO-001) | [791,138 DAI](https://vote.makerdao.com/executive/template-executive-vote-aave-d3m-onboarding-and-core-unit-budget-transfers-october-29-2021?network=mainnet#proposal-detail) | #### Retroactive MKR Distribution Per the Risk Core Unit’s ratified budget sub proposal, 300 MKR was transferred to RISK-001 following the successful passage of the [October 1st Executive vote](https://vote.makerdao.com/executive/template-executive-vote-offboarding-usdt-collateral-core-unit-budget-distributions-october-1-2021?network=mainnet#proposal-detail). This MKR is sourced from the MakerDAO treasury. #### MKR Vesting The following MKR Vesting streams have been established: | Core Unit | MKR Amount | Period | Notes | | :-------: | :--------: | :----: | :---: | | Risk Core Unit (RISK-001) | [700 MKR](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | 2021-04-01 until 2022-04-01 | MKR not be claimable until 2022-04-01 | ### Parameter Changes & Vault Upgrades #### Stability Fee Changes There were no proposed Stability Fee changes. The Open Market Committee observed no substantial change in the competitive environment since September. View a detailed breakdown of the rate change proposal [here](https://forum.makerdao.com/t/parameter-changes-proposal-ppg-omc-001-october-1st-2021/10653) published by the Parameter Proposal Group. #### Debt Ceiling Changes GUNIV3DAIUSDC1-A Debt Ceiling [was increased](https://vote.makerdao.com/executive/template-executive-vote-parameter-changes-wsteth-a-onboarding-october-22-2021?network=mainnet#proposal-detail) from 10 million DAI to 50 million DAI. Several changes to the [Debt Ceiling Instant Access Module](https://makerdao.world/en/learn/governance/module-dciam) Parameters of ETH-A, ETH-B, and WBTC-A were made: | Vault | Parameter | Previous | New | | :---: | :-------: | :------: | :-: | | [ETH-A](https://vote.makerdao.com/executive/template-executive-vote-parameter-changes-wsteth-a-onboarding-october-22-2021?network=mainnet#proposal-detail) | Target Available Debt (gap) | 100 million DAI | 150 million DAI | | [ETH-A](https://vote.makerdao.com/executive/template-executive-vote-parameter-changes-wsteth-a-onboarding-october-22-2021?network=mainnet#proposal-detail) | Ceiling Increase Cooldown (ttl) | 8 hours | 6 hours | | [ETH-B](https://vote.makerdao.com/executive/template-executive-vote-parameter-changes-wsteth-a-onboarding-october-22-2021?network=mainnet#proposal-detail) | Maximum Debt Ceiling (line) | 300 million DAI | 500 million DAI | | [ETH-B](https://vote.makerdao.com/executive/template-executive-vote-parameter-changes-wsteth-a-onboarding-october-22-2021?network=mainnet#proposal-detail) | Target Available Debt (gap) | 10 million DAI | 20 million DAI | | [ETH-B](https://vote.makerdao.com/executive/template-executive-vote-parameter-changes-wsteth-a-onboarding-october-22-2021?network=mainnet#proposal-detail) | Ceiling Increase Cooldown (ttl) | 8 hours | 6 hours | | [WBTC-A](https://vote.makerdao.com/executive/template-executive-vote-parameter-changes-wsteth-a-onboarding-october-22-2021?network=mainnet#proposal-detail) | Maximum Debt Ceiling (line) | 750 million DAI | 1.5 billion DAI | | [WBTC-A](https://vote.makerdao.com/executive/template-executive-vote-parameter-changes-wsteth-a-onboarding-october-22-2021?network=mainnet#proposal-detail) | Target Available Debt (gap) | 30 million DAI | 60 million DAI | | [WBTC-A](https://vote.makerdao.com/executive/template-executive-vote-parameter-changes-wsteth-a-onboarding-october-22-2021?network=mainnet#proposal-detail) | Ceiling Increase Cooldown (ttl) | 8 hours | 6 hours | #### Offboarded Vaults The following Vaults were offboarded with described parameter changes: | Vault | Parameter | Previous | New | | :---: | :-------: | :------: | :-: | | [USDT-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-usdt-collateral-core-unit-budget-distributions-october-1-2021?network=mainnet#proposal-detail) | Liquidation Penalty (chop) | N/A | 0% | | [USDT-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-usdt-collateral-core-unit-budget-distributions-october-1-2021?network=mainnet#proposal-detail) | Liquidation Ratio | 150% | 300% | | [USDT-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-usdt-collateral-core-unit-budget-distributions-october-1-2021?network=mainnet#proposal-detail) | Liquidations| Disabled | Enabled | | [BAT-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Liquidation Penalty (chop) | N/A | 0% | | [BAT-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Debt Ceiling (line) | N/A | 0 DAI | | [BAT-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Liquidation Ratio | 150% | 800% over 60 days using dss-lerp | | [LRC-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Liquidation Penalty (chop) | N/A | 0% | | [LRC-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Debt Ceiling (line) | N/A | 0 DAI | | [LRC-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Liquidation Ratio | 175% | 2600% over 60 days using dss-lerp | | [ZRX-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Liquidation Penalty (chop) | N/A | 0% | | [ZRX-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Debt Ceiling (line) | N/A | 0 DAI | | [ZRX-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Liquidation Ratio | 175% | 900% over 60 days using dss-lerp | | [UNIV2AAVEETH-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Liquidation Penalty (chop) | N/A | 0% | | [UNIV2AAVEETH-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Debt Ceiling (line) | N/A | 0 DAI | | [UNIV2AAVEETH-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Liquidation Ratio | 165% | 400% over 60 days using dss-lerp | | [UNIV2LINKETH-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Liquidation Penalty (chop) | N/A | 0% | | [UNIV2LINKETH-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Debt Ceiling (line) | N/A | 0 DAI | | [UNIV2LINKETH-A](https://vote.makerdao.com/executive/template-executive-vote-offboarding-vaults-mkr-vesting-and-core-unit-budget-distribution-october-8-2021?network=mainnet#proposal-detail) | Liquidation Ratio | 165% | 300% over 60 days using dss-lerp | #### Onboarding Vaults WSTETH-A was onboarded during the [October 22nd Executive](https://vote.makerdao.com/executive/template-executive-vote-parameter-changes-wsteth-a-onboarding-october-22-2021?network=mainnet#proposal-detail) with the following parameters shown in this [poll.](https://vote.makerdao.com/polling/QmXXHpYi?network=mainnet#poll-detail) #### D3M Onboarding Aave DAI Direct Deposit Module [was onboarded](https://vote.makerdao.com/executive/template-executive-vote-aave-d3m-onboarding-and-core-unit-budget-transfers-october-29-2021?network=mainnet#proposal-detail) to the Maker Protocol with the parameters below: | Parameter | Amount | | :-------: | :----: | | Maximum Debt Ceiling (line) | 10 million DAI | | Target Available Debt (gap) | 10 million DAI | | Ceiling Increase Cooldown (ttl) | 12 hours | | Target Borrow Rate | 4% | ### Technical Housekeeping The [October 29th Executive proposal](https://vote.makerdao.com/executive/template-executive-vote-aave-d3m-onboarding-and-core-unit-budget-transfers-october-29-2021?network=mainnet#proposal-detail) added two smart contracts to DssChainLog; LERP_FAB and JOIN_FAB. These smart contracts represent efficiency improvements to the executive spell workflow and directly affect the Maker Protocol. More information can be found on the forum post [here.](https://forum.makerdao.com/t/technical-tasks-included-in-the-october-29th-executive/11284) ### Community Greenlight Polls Greenlight Polls allow MKR token holders to signal their preferences for collateral types proposed through [Collateral Onboarding Applications.](https://forum.makerdao.com/c/MIPs/co/17) Community greenlight polls occur at fixed times each governance cycle, starting on the 1st and 3rd Mondays of the month and run for two full weeks. The month of August had four Community Greenlight polls: | Asset | Date Began | Date Ended | Voted Yes | Voted No | Voted Abstain | | :---: | :---------: | :-------: | :-------: | :------: | :-----------: | | [CurveLP-stETH-ETH](https://vote.makerdao.com/polling/Qmd1qpHU?network=mainnet) | October 4 | October 18 | **34,301.72 MKR (54.77%)** | 0.00 MKR (0.00%) | 28,325.95 MKR (45.23%) | | [Curio Stablecoin](https://vote.makerdao.com/polling/QmXtTXr8?network=mainnet) | October 18 | November 1 | 5,343.20 MKR (7.78%) | **28,616.94 Voting (41.69%)** | 34,679.31 MKR (50.52%) | | [Security Tokens Refinancing](https://vote.makerdao.com/polling/QmWXwP5e?network=mainnet) | October 18 | November 1 | **108,694.07 MKR (98.22%)** | 0.00 MKR (0.00%) | 1,965.00 MKR (1.78%) | | [TM2-DROP](https://vote.makerdao.com/polling/QmZAQwrW?network=mainnet) | October 18 | November 1 | 26,184.69 MKR (53.93%) | **28,616.94 MKR (41.69%)** | 5,343.20 MKR (7.78%) | Check the progress of all proposed collateral types in the [Collateral Status Index.](https://forum.makerdao.com/t/collateral-status-index/2231) ## What’s Ahead? ![](https://i.imgur.com/QxqIaoi.png) As we roll into November, there are a few things to look forward to. There are Community Greenlight Polls for [MD Irradiance LLC](https://vote.makerdao.com/polling/Qmf3G3eu?network=mainnet) and [Olympus DAO](https://vote.makerdao.com/polling/QmUVQdj5?network=mainnet), which are active until November 15th. The month of October contained many signal requests; some of them have not yet made it into executive voting, such as [launching Nexo Institutional Vault](https://forum.makerdao.com/t/signal-request-nexo-institutional-vault/10046) and [increasing maximum Delegate compensation to 144k Dai](https://forum.makerdao.com/t/signal-request-should-we-increase-maximum-delegate-compensation-as-described-in-mip61-to-144k-dai-for-the-initial-3-month-delegate-compensation-trial/11093). They will be up for vote soon. Regarding Delegation, @ultraschuppi arrives into the ring [as a Recognized Delegate](https://forum.makerdao.com/t/ultraschuppi-delegate-platform/11193). Check out [Meet Your Delegate #5 with UltraSchuppi](https://www.youtube.com/watch?v=3483QFS4_qQ&t=28s). Look out for his addition to the [Monthly Delegate Round-up](https://forum.makerdao.com/t/delegate-round-up-october-2021/11336) for November. The [Clean Money initiative](https://forum.makerdao.com/t/the-case-for-clean-money/10684) for MakerDAO received mixed outcomes; The [Sagittarius Engine signal request](https://forum.makerdao.com/t/signal-request-turn-off-burner-fuel-up-sagittarius-engine/10724) did not pass. However, a [sentiment poll for Clean Money](https://vote.makerdao.com/polling/Qmdumzrv?network=mainnet#poll-detail) *did pass.* In order for MakerDAO to continue on the best path forward, there will likely be more polls and votes within the upcoming months to help improve the next steps and objectives. Finally, there has been much discussion regarding the [MIP in RFC for offboarding the current facilitator of the Real World Finance Core Unit](https://forum.makerdao.com/t/mip41c5-sp2-facilitator-offboarding-rwf-001/11306). Solutions and next steps are being made to continue with a best-decision approach for MakerDAO and its community. Keep an eye out for future posts on this discussion. ### Resources [Public Google Calendar](https://calendar.google.com/calendar/u/0?cid=bWFrZXJkYW8uY29tXzNlZmhtMmdoaXBrc2VnbDAwOWt0bmlvbWRrQGdyb3VwLmNhbGVuZGFyLmdvb2dsZS5jb20) *Bookmark or Subscribe to this calendar for Votes and Public Calls.* [Forum](https://forum.makerdao.com/) and [Maker Chat](https://chat.makerdao.com/) *Discuss and debate MakerDAO.* [Participation Tools](https://community-development.makerdao.com/en/learn/governance/participate) *Library of useful links for Stakeholders; Protocol analytics, Dai analytics, collateral & liquidation metrics, governance history, and auction data.* [Governance Portal](https://makerdao.com/en/governance) *Voting dashboard for MKR voters.* [Learning Portal](https://www.makerdao.world/) | [Technical Documentation](https://docs.makerdao.com/) | [MIPs Portal](https://mips.makerdao.com/) *Learn more about the Maker protocol.* [MIP51: Monthly Governance Cycle](https://github.com/makerdao/mips/blob/master/MIP51/mip51.md) | [MIP16: Weekly Governance Cycle](https://github.com/makerdao/mips/blob/master/MIP16/mip16.md#mip16-the-weekly-governance-cycle) *Learn more about the Governance activities that occur during the Monthly and Weekly Governance Cycles.* ### Disclaimer *Disclaimer: This update is assembled by a group of contributing members in the MakerDAO community. This does not serve as financial advice or an inducement to vote in any specific way. This update is purely for information and communication purposes only.*