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title: 'G&R #123 Tweet'
tags: [Snippet Tweets]

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tags: Snippet Tweets
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# 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

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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

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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

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Monet Supply posted a signal request for increasing Dust Parameter. 

https://forum.makerdao.com/t/signal-request-increasing-dust-parameter/5963

4/11

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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

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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

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📞 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

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📞 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

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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

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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

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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

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