---
tags: Snippets
---

# G&R # 111 Snippet

Introducing Governance and Risk snippets, your high level overview of the Governance and Risk call. In addition to the maker relay, the team attends governance and risk calls for various functions and support to the community.

As an experiment we're going to start trying to post our brief notes ahead of the high fidelity call summary. We call these `snippets` and a big shout out to @Juan for inspiration. Normally, we use these for steering production of the Relay.

## Team Updates

### Smart Contracts

- Decreased the USDC, PAX and TUSD liquidation ratios to 101% to help stabilize the peg
- The Gitcoin feed key was replaced on the MANA-USD Oracle
- Sam finished working on flash mint module, will post about it in the forum and do code review next week
- Next week: review MIP21 for RWA [https://forum.makerdao.com/t/mip21-real-world-assets-off-chain-asset-backed-lender/3917](https://forum.makerdao.com/t/mip21-real-world-assets-off-chain-asset-backed-lender/3917)
- TUSD need upgrade implementation - will probably need an emergency MIP to upgrade

### Oracles

- TUSD Implementation was whitelisted
- A few whitelisting proposals for DDEX , OPYN, Yearn, Kyber
- @Nik submitted Collateral Onboarding Oracle Assessments for [PAXGUSD Oracle](https://forum.makerdao.com/t/mip10c3-sp11-proposal-paxgusd-oracle-collateral-onboarding-oracle-assessment/4221) and [YFI Oracle](https://forum.makerdao.com/t/mip10c3-sp10-proposal-yfiusd-oracle-collateral-onboarding-oracle-assessment/4220)

### Risk

- [[Discussion] Unwinding Stablecoin Exposure](https://forum.makerdao.com/t/discussion-unwinding-stablecoin-exposure/4364) - @Primoz speaks about some of the options available to start unwinding direct stablecoin exposure.
- Really close to finalizing [new rate setting approach](https://forum.makerdao.com/t/different-approach-to-rate-setting/3889/42)

### Collateral Onboarding Calls

- Stani and Mark presented AAVE, Tyler and Cameron Winklevoss from Gemini presented GUSD. Check out the video: [https://www.youtube.com/watch?v=HGBj0ouZP88](https://www.youtube.com/watch?v=HGBj0ouZP88)
- Next week: RWA working group meeting
- October 7 Collateral Call [Agenda](https://forum.makerdao.com/t/agenda-discussion-collateral-onboarding-call-10-wednesday-october-7-17-00-utc/4368)
- [Grants for Collateral Onboarding](https://forum.makerdao.com/t/collateral-onboarding-grants/4252) are now available!

## MIPs

### MIPs Update

- COMP, LINK, LRC collateral types moving to Monday's executive vote
- MIP 17 was taken over by PlanetX, check it out: [MIP17: Weekly Actual Debt Ceiling Adjustments](https://forum.makerdao.com/t/mip17-weekly-actual-debt-ceiling-adjustments/4312)
- Active discussions: Debt ceiling instant access module, governance chief redesign, liquidation redesign
- [Improvements to the Collateral Onboarding Framework](https://forum.makerdao.com/t/improvements-to-the-collateral-onboarding-framework/4250) | [Forum Signal Thread](https://forum.makerdao.com/t/signal-request-should-we-take-a-more-flexible-and-transparent-approach-to-onboarding-collateral/4380)
- Increase community involvement
- Increase agility, allow more flexibility

## Other Presentations and Updates

### Peg

- The DAI price holding steady at $1.01 in response to Liquidation Ratios on stable coins being drastically reduced.
https://daistats.com/ | http://dai.descipher.io/ | http://makervaults.descipher.io/