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# System prepended metadata

title: 'Forum at a Glance | July 21 - 27, 2022'
tags: [Forum at a Glance]

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tags: Forum at a Glance
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# Forum at a Glance | July 21 - 27, 2022

![](https://i.imgur.com/YmPtiBi.png)

Welcome to the one-stop-shop for everything discussed on the MakerDAO forum.

*Summaries reflect our views of the most meaningful activities in MakerDAO. Disagree? Think something should be added? Leave a reply or send a PM.*

*Authors: @nothsa* 

###### Online PDF Version available [here.](https://pdfhost.io/v/qyFwk2bET_Forum_at_a_Glance_July_21_27_2022)

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## Three-Point Summary

‘What is the most relevant information on the forums this week for MKR and Dai holders?’

**1.** A [Signal Request](https://forum.makerdao.com/t/signal-request-budget-re-allocation-core-unit-accountability-framework/16788) aims to gather sentiment regarding which path the DAO should take in implementing budget cuts: a broad cut that treats all Core Units the same way, or a tactical reallocation that allocates capital based on merit.
**2.** The Starknet Engineering Core Unit is nearing completion of Maker Wormhole, which will enable fast L2 to L1 withdrawals, and is [seeking approval](https://forum.makerdao.com/t/request-to-poll-for-maker-wormhole-deployment-on-starknet-and-associated-risk-parameters/16844) of associated risk parameters in preparation.
**3.** @ChrisBlec opened a [poll](https://forum.makerdao.com/t/informal-poll-sybil-resistance-for-recognized-delegates/16810) gauging support for requiring Recognized Delegates to prove their uniqueness to deter any efforts to game the quadratic compensation payout system.

---
## News and Announcements

###### Governance & Delegation ▼

> **[Wednesday and Thursday 9pm CEST DVC Meeting, topics and links](https://forum.makerdao.com/t/wednesday-and-thursday-9pm-cest-dvc-meeting-topics-and-links/16857)**

As usual, this week's Endgame Decentralized Voter Committee (DVC) meetings will be held on Wednesday and Thursday at 7pm UTC.

Wednesday, 7pm UTC: [Zoom](https://us02web.zoom.us/j/81436458345)
Q&A about various forum posts and recent feedback; clustering discussion continues.

Thursday, 7pm UTC: [Zoom](https://us02web.zoom.us/j/82286534666)
Continue the clustering and transition discussion started during last Thursday's meeting.

> **[Decision to Delay Today’s Executive till Friday 29th](https://forum.makerdao.com/t/decision-to-delay-today-s-executive-till-friday-29th/16848)**

The Wednesday, July 27th Executive Vote has been pushed to Friday, July 29th, to provide extra time for running tests, reviewing code, and coordinating with the RWF and LTS Core Units.

###### Core Unit Updates ▼

> **[Monthly Core Unit Updates | June 2022](https://forum.makerdao.com/t/monthly-core-unit-updates-june-2022/16783)**

The round-up of Core Unit updates for June was published last week by @Artem_Gordon. Nineteen Core Units published updates, a new record that means 95% of all active Core Units now post updates weekly, bi-weekly, or monthly.

> **[Short take: return of excess funds (~2M DAI)](https://forum.makerdao.com/t/short-take-return-of-excess-funds-2m-dai/16846)**

The Real World Finance Core Unit has returned just over 1.99M DAI to the Maker protocol, citing a responsibility for Core Units to mitigate the effects of bear market budgetary constraints.

###### Announcements and Resources ▼

> **[StratFi Query / Dashboard Directory](https://forum.makerdao.com/t/stratfi-query-dashboard-directory/16815)**

The Strategic Finance Core Unit has released its dashboards and queries on topics from stablecoins to oracle gas fees to the public.

![](https://i.imgur.com/XxoGwil.png)

###### Collaterals & RWAs ▼

> **[Short take: Exciting news and opportunity for RWA teams](https://forum.makerdao.com/t/short-take-exciting-news-and-opportunity-for-rwa-teams/16849)**

The Real World Finance (RWF) Core Unit has completed all necessary work for onboarding Societe Generale - Forge and Huntingdon Valley Bank Vault types. With this work complete, the RWF Core Unit will now focus on spinning off a new RWF Core Unit centered on the North American market, and the original RWF Core Unit will begin to transition toward becoming a MetaDAO.

The community can track the [spell code](https://github.com/makerdao/spells-mainnet/pull/263) and [executive vote contents](https://github.com/makerdao/community/pull/1877/files) on GitHub.

![](https://i.imgur.com/MAyuShw.png)

---
## Active Discussions

> **[Charting a Path for RWAs Part 2: The Maker Standard](https://forum.makerdao.com/t/charting-a-path-for-rwas-part-2-the-maker-standard/16725)**

Following Part 1, [Charting a Path for RWAS - The Case for Continuity](https://forum.makerdao.com/t/charting-a-path-for-rwas-the-case-for-continuity/14519), this post by @teej is broken down into three main sections:

1. Case: Why are RWAs, in fact, core to the protocol’s success?

> To constrain our collateral base only to crypto assets would be like exporting only to risky, highly volatile, and non-diversified markets while ignoring those markets and sectors that will generate the highest and most sustained demand for DAI.

2. Long-Term: What is the long-term vision/strategy for RWAs?

> The Maker Standard is the gold standard for how real-world collateral is onboarded into DeFi. It’s a protocol for RWAs.

3. Short-Term: What short-term strategy facilitates the pathway to long-term success?

> Unlock novel asset classes...bring traditional credit markets onto the Maker Standard.

> **[Request to Poll for Maker Wormhole Deployment on Starknet and Associated Risk Parameters](https://forum.makerdao.com/t/request-to-poll-for-maker-wormhole-deployment-on-starknet-and-associated-risk-parameters/16844)**

In preparation for finalizing work on [MIP69: L2 to L1 Fast Withdrawals](https://forum.makerdao.com/t/mip69-l2-to-l1-fast-withdrawals/14041), the StarkNet Engineering Core Unit is requesting to poll the community on various risk parameters to ensure that a vote on deployment can take place once Maker Wormhole is ready at the end of August.

The parameters are:

*Debt Ceiling Parameters*

-   Set the Starknet Debt Ceiling parameter to 1M DAI
-   Set the Global Debt Ceiling to 3M DAI as a sum of all debt ceilings for each domain; the current Global Debt Ceiling is set to 2M (1M for Optimism and 1M for Arbitrum)

*Wormhole Fee Parameters per Domain*

-   Set the Starknet Wormhole Fee parameter to 0

*Approve Oracle Quorum of 13 feeds*

-   This is the minimum number of feed attestations required to complete a Fast Withdrawal transaction and will be comprised of any of the 25 Oracle feeds provided by the Oracles team

> **[MakerDAO Blog Update & Discussion](https://forum.makerdao.com/t/makerdao-blog-update-discussion/16829)**

@Artem_Gordon submitted a poll asking the community what should be done with the [makerdao.com blog](https://blog.makerdao.com/), which is currently not being utilized to its full potential.

1.  Leave the blog unused.

The status quo carries on until the stars align.

2. Onboard a marketing CU that will eventually manage the blog.

Conceptually, this is the best option. The caveat is the amount of time it will take for such a team to come about: Minimum, six months; maximum, unlimited.

3.  Persuade Growth or Brand to take on this responsibility.

May require the adjustment of mandate or budget.

4.  Persuade GovComms to take on this responsibility.

May require the adjustment of mandate or budget.

> **[[Informal Poll] Sybil resistance for Recognized Delegates](https://forum.makerdao.com/t/informal-poll-sybil-resistance-for-recognized-delegates/16810)**

@ChrisBlec points out that because Recognized Delegate (RD) compensation is paid out based on the quadratic formula,  RDs are incentivized to create multiple RD accounts, thereby boosting their total compensation. This informal poll aims to gauge sentiment about requiring Recognized Delegates to prove their uniqueness, thereby removing this incentive.

> **[[Informal Poll] What is the upper limit on how many CUs delegates can effectively oversee?](https://forum.makerdao.com/t/informal-poll-what-is-the-upper-limit-on-how-many-cus-delegates-can-effectively-oversee/16820)**

This poll submitted by @CodeKnight asks the community what they think the upper bound is for the number of Core Units Delegates can realistically oversee. The "6-10" option currently leads 57% of the vote.

> **[Request: Scientific risk calculation of entrusting protocol-owned funds to 3rd party multisigs](https://forum.makerdao.com/t/request-scientific-risk-calculation-of-entrusting-protocol-owned-funds-to-3rd-party-multisigs/16714)**

@ChrisBlec called for a risk calculation regarding entrusting MKR holders' funds to different L2 blockchains, sidechains, and dapps secured by third-party multisig wallets. He argues that because the security profiles of these wallets are unknown, entrusting funds to them is reckless.

> **[Endgame: Different starting point for DVCs](https://forum.makerdao.com/t/endgame-different-starting-point-for-dvcs/16778)**

@ClausClowes shared their thoughts on the hawk-dove working prototype currently in place for Decentralized Voter Committees.

He argues that having just two primary groups creates a reactionary relationship of codependency that could be avoided by introducing a third group and asking the community for feedback and ideas.

> **[Delegate Office Hours #4 - Includes poll for discussion topic](https://forum.makerdao.com/t/delegate-office-hours-4-includes-poll-for-discussion-topic/16852)**

Delegate Office Hours \#4 will take place on Thursday, July 28th at 4pm UTC. The [Budget Re-allocation and Core Unit Accountability Framework Signal Request](https://forum.makerdao.com/t/signal-request-budget-re-allocation-core-unit-accountability-framework/16788) (read our summary below) is currently leading the weekly topic poll.

[Zoom Link](https://us02web.zoom.us/j/88286550832?pwd=dWQzQi9tYlNyemJJS2Nrd2NUdTBoZz09)
Meeting ID: 882 8655 0832
Passcode: 690611

---
## Seeking Consensus

‘Yo, do you even signal?’

> **[Budget Re-allocation & Core Unit Accountability Framework](https://forum.makerdao.com/t/signal-request-budget-re-allocation-core-unit-accountability-framework/16788)**

> Should the DAO use a broad-based cut or tactical reallocation process to adjust budgets?

During the July 20th, 2022, Decentralized Voter Committee meeting, the Strategic Finance Core Unit (SF) presented two options for the DAO to choose between adjusting budgets and [returning to breakeven operating cash flow](https://vote.makerdao.com/polling/Qmasg6zr#vote-breakdown):

![](https://i.imgur.com/czB3bJ5.png)

Option 1: Broad Cut has the advantage of requiring little overhead to be executed quickly and effectively. It has the disadvantage of treating all Core Units equally, regardless of performance or existing spending patterns.

Option 2: Tactical Reallocation, recommended by SF, involves allocating budgets based on merit. This option avoids treating Core Units identically but will require much more time and effort to implement, relying on the development of an evaluative framework and KPIs to estimate the performance of each Core Unit.

##### Vote Breakdown:
![](https://i.imgur.com/dzDdFUW.png)

#### This Signal Request will run for one week rather than two, given the urgency triggered by market conditions.

:clock: **[date-range from=2022-07-23T13:00:00 to=2022-07-30T13:00:00 timezone="America/New_York"]**

-----
## Ongoing Initiatives

‘Oh my god, this is taking ages; why can’t things be simple?’

[Maker Operational Manual](https://manual.makerdao.com/) - @GovAlpha-Core-Unit releases the launch of the Maker Operational Manual and invites all members and Core Units to reach out if they wish to provide any help or documentation to add to the Manual.

[Recognized Delegate Requirements](https://forum.makerdao.com/t/recognised-delegate-requirements/9421) - @LongForWisdom writes a detailed overview of the current requirements and application system to become a delegate in the Maker community. Check out this [thread](https://forum.makerdao.com/search?expanded=true&q=%40LongForWisdom%20%23governance%3Adelegates) for more posts related to delegation.

[Where to Find Opportunities at MakerDAO](https://forum.makerdao.com/t/where-to-find-opportunities-at-makerdao/10076) and [Open positions at MakerDAO](https://forum.makerdao.com/t/open-positions-at-makerdao/12197) - Looking for job opportunities at MakerDAO? Perfect! @Davidutro and @manomad set up individual threads containing resources to help find available job listings and hiring practices. *Please comment on the thread if anybody has additional information on unique hiring practices or job listings.*

[:mega: Collateral Calls - Calling all Projects!](https://forum.makerdao.com/t/collateral-calls-calling-all-projects/3715) - @juan sets up a signup thread for projects wishing to present on the bi-weekly collateral call. Know any potential collateral partners that want to present? Refer them here.

[Collateral Status Index](https://docs.google.com/spreadsheets/d/1PDf_CzhGa7mLuOUfX6Bz3WrnCjDRhIjmu-vDZMMw4Qc/edit#gid=1077340672) - Confused about the current status of the various collateral types discussed recently? Check out this sheet to determine the status and current position within the onboarding process.

[Weekly MIPs Updates](https://forum.makerdao.com/tag/mips-update) - @blimpa brings the latest updates in MIPs.

[The Official Welcome Thread](https://forum.makerdao.com/t/the-official-welcome-thread/771/4) - A thread for welcomes and introductions. Not strictly governance, but if anyone new or old wants to introduce themselves, now is your chance!

-----
## Help Wanted

‘Oh %#\$?, we need a doodad, and we need it now.’

> We could always use help reviewing [MIPs in the Request for Comment phase](https://forum.makerdao.com/tag/rfc).

> [Calling All Lawyers! Would You Like To Help Contribute?](https://forum.makerdao.com/t/calling-all-lawyers-would-you-like-to-help-contribute/15699)

