--- tags: Snippet Tweets --- # G&R #123 Tweet Domain team updates, new governance cycle, road to PSM, active discussions and more. Check out updates from MakerDAO Governance and Risk Call #123 in this `snippet` https://forum.makerdao.com/t/agenda-discussion-scientific-governance-and-risk-123-thursday-january-7-17-00-utc/5928/3 1/11 --- Governance kicked off the year with an out of schedule Executive this Monday that increased Debt Ceilings for ETH-A, USDC-A, PSM-USDC-A ⚙️ ETH-A: 590M to 740M ⚙️ USDC-A: 485M to 555M ⚙️ PSM-USDC-A: 3M to 30M https://vote.makerdao.com/executive/increase-eth-a-usdc-a-psm-usdc-a-debt-ceilings?network=mainnet#proposal-detail" 2/11 --- Smart Contract domain team is focused on MIP 14, MIP, MIP 25, MIP 30 next. MIP 21 going into Kovan the following week and executive next Friday. 3/11 --- Monet Supply posted a signal request for increasing Dust Parameter. https://forum.makerdao.com/t/signal-request-increasing-dust-parameter/5963 4/11 --- There is a new report from Rate Setting working group on the forum, check it out: https://forum.makerdao.com/t/rates-changes-proposal-6-jan-2021/5948 5/11 --- Autonomous MakerDAO proposed an interim budget of 100k DAO to fund PSM audit and other expenses. https://forum.makerdao.com/t/signal-request-interim-dao-operating-budget/5924/18 6/11 --- 📞 Thank you to @Peoplescompany for coming of a Collateral Onboarding Call yestday! You can watch the replpay here https://www.youtube.com/watch?v=mQeb6Pi5YDM 7/11 --- 📞 Next Collateral Onbroading Call is January 13 at 1 EST | 18 UTC with xDAI [Stake]. https://forum.makerdao.com/t/collateral-onboarding-call-23-xdai-stake-wednesday-january-13th-18-00-utc/5910 8/11 --- Welcome to first Governance Cycle of 2021! MIP 29, MIP 30, MIP13c3-SP7, MIP13c3-SP8, MIP28c7-SP2, MIP7c3-SP5, and MIP7c3-SP6 are currently moving to formal submission. https://forum.makerdao.com/c/MIPs/fs/16 9/11 --- Proposals currently in RFC phase are: MIP 26, MIP 31, MIP 32, and MIP13c3-SP9. https://forum.makerdao.com/c/MIPs/rfc/15 10/11 --- PSM went live at the end of last year with 3M DC and was raised to 30M DC. @sam is working on UI and there's already lots of activity! 11/11 --- 📞 🚦 📆 👇