---
# System prepended metadata

title: 'Weekly Relay | November 26 - December 2, 2022'
tags: [Weekly Relay]

---

---
tags: Weekly Relay
---

# Weekly Relay | November 26 - December 2, 2022

![](https://i.imgur.com/H6wSN19.png)

_Hi, everyone; thanks for checking out the Weekly Relay! Whether you hold MKR or DAI, own a vault, or want to get more involved in governance, this is your one-stop shop for MakerDAO updates._

Authors: @Sol_Invictus and @Artem_Gordon

<small>[Online PDF version](https://pdfhost.io/v/j.6fX.6rx_November_19_25_2022)</small>

---
## 🍿 **CURRENT EVENTS**

### Dai Savings Rate Increased to 1% 

**The community and our recognized delegates [voted](https://vote.makerdao.com/polling/QmV3oNeX#poll-detail) to increase Dai's annual reward to 1.00%.**

Due to current market conditions, yields in DeFi continue to fall and decrease demand for loans, especially since traditional market yields have skyrocketed. This has pushed more users out of decentralized stablecoins like Dai and into USD.

A higher DSR (Dai Savings Rate) encourages users to hold more Dai, which leads to higher demand and liquidity. Even though a DSR of 1% is far below the traditional market yield, this represents a significant improvement to MakerDAO's protocol revenue. However, sustaining a higher DSR involves more maintenance and costs; we must ensure sufficient liquidity in order to maintain Dai stability, and the total cost of maintaining Dai stability [increased to 12,000 Dai.](https://forum.makerdao.com/t/parameter-changes-proposal-ppg-omc-001-24-november-2022/18925#dai-savings-rate-adjustment-3) This cost would significantly increase if the Dai supply deposited into the PSM also increases, however at a benefit:

> 'Higher DSR rates would significantly increase Maker’s cost base but may be more than compensated for by improved revenue generating capacity.' - MOMC

The passing of this poll opens opportunities for more partnership integrations and increased user retention. Dai is now a more competitive stablecoin :raised_hands:.

*Please refer to this [documentation](https://manual.makerdao.com/parameter-index/core/param-dai-savings-rate) and [discussion post](https://forum.makerdao.com/t/discussion-on-enabling-the-dsr/18759) for more information about the Dai Savings Rate.*

### A Work-in-Progress Scope Framework
#### Endgame: Scope 3 (Real World Asset Collaterals)

**[Last week's DVC call](https://youtu.be/c5kB10tN37A) with Rune brought us the very first draft MIP for an Endgame Scope.**

This [draft](https://forum.makerdao.com/t/wip-scope-framework-example-draft-scope-3-the-real-world-asset-collateral-scope-framework/19016) aims to present an initial Scope Framework, which the broader community can use to collaborate on its improvement. Each of the [11 Scope Frameworks](https://forum.makerdao.com/t/endgame-v3-scopes-lod-summary/17686) will be implemented as a stand-alone MIP.

MIPs for the Scope Framework is split into three components:
1. Content (replaces MIPs on processes and procedures in the DAO related to the focus areas of the scope).
2. Budget (replaces the Core Unit MIP structure related to the focus areas of the scope).
3. Future Implementation (replaces Declaration of Intent MIP).

Community members are invited to provide feedback, including those with relevant specialized skills, regarding the document's language, structure, and format.

Rune hopes to have the Scope Framework on-chain by the end of Q1 of 2023.

## 📢 Shout-outs!

### PaperImperium shares incredible insights on Drinks with MakerDAO Delegates :brain: 

[Last week's episode](https://www.youtube.com/watch?v=rXHGbphYxns) includes @ultraschuppi, @rspa, @ElProgreso, and @PaperImperium who dig into a myriad of exciting topics:

- Future competition among Ecosystem Actors
- PaperImperium's personal views on the Endgame Plan:
    - Moving business activities outside of Maker Core.
    - Clearly defining the software from Maker's entities.
    - Challenges in regulatory resilience with decentralized collateral.
    - Increasing exposure to stETH & ETH collateral.
    - Identifying Maker's true financial position with the Surplus Buffer.
    - Safety in sharing potential losses with RWAs.
    - Leveraging the recently increased DSR.
    - Mapping out Maker and ecosystem risk management.
    - Rejected Core Unit budgets and potential next steps.
    - Special Purpose and Project-Based Funding.
    - Upcoming crypto regulations.

---
## :phone: Calls, Meetings, and Events <!-- Constanza -->

<sup> Visit: [_Calls Calendar_](https://calendar.google.com/calendar/u/0?cid=bWFrZXJkYW8uY29tXzNlZmhtMmdoaXBrc2VnbDAwOWt0bmlvbWRrQGdyb3VwLmNhbGVuZGFyLmdvb2dsZS5jb20)

### Last Week's Calls
    
- **Decentralized Voter Committee** -- _Wednesday, November 30<sup>th</sup>, 2022_ 
    - [Video](https://youtu.be/c5kB10tN37A) / [Forum](https://forum.makerdao.com/t/todays-endgame-call-2pm-et-8pm-cet-first-look-at-a-scope-framework-example/19001) / [Endgame Discord Channel](https://www.google.com/url?q=https://discord.gg/BvYahVmxKU&sa=D&source=calendar&usd=2&usg=AOvVaw0rHavBFPijsb_q-AW-vjMo)
    - This call was the first to explore examples of the structure and the text of a Scope Framework MIP, the primary mechanism for all mutable governance coordination processes and parameters in post-Endgame Governance, starting Q2 2023.
- **MakerDAO Governance & Risk Meeting #217** -- _Thursday, December 1<sup>st</sup>, 2022_
    - [Video](https://youtu.be/BlkfPrLVjBc) / [Forum](https://forum.makerdao.com/t/governance-and-risk-217-thursday-december-01-at-17-00-utc/18969) / [Forum Recap | November 24 - 30, 2022](https://youtu.be/zZwkLq21zGk) / [Slides](https://docs.google.com/presentation/d/1qYuDBbyNdOFNBed_THrq2Lm93y9j7iWAmjRFLX0Zh2c/edit)
    - Selected Discussions: 
        - _TechOps Q&A:_ @Dumitru from TechOps talked about the rejection of the CU's [latest budget proposal](https://vote.makerdao.com/polling/QmPbbh7F#vote-breakdown), as well as TechOps' role within MakerDAO's ecosystem.
        - _CES Team Update_: @Retro, [recently appointed](https://forum.makerdao.com/t/fallback-interim-facilitator-selection-process-ces-001/18911/16) Interim Facilitator for CES, explained what is next for the CU and him while stepping into this role.
        - _ETHGathering Outcomes:_ @tadeo from Data Insights briefly walked us through what transpired for Maker's community at the latest installment of this recurring event.
        - _Existencial Exposure & Mitigation:_ @hexonaut from PE discussed the risks of exposure to RWAs and listed possible ways to prevent, mitigate or recover from those hazards.
    
### Upcoming Calls

- **Decentralized Voter Committee** - [date=2022-12-07 time=19:00:00 timezone="UTC"]
    - [Join Link](https://us02web.zoom.us/j/89326394914)
- **Delegate Office Hours** - [date=2022-12-08 time=16:00:00 timezone="UTC"]
    - [Join Link](https://us02web.zoom.us/j/88920093364) 
- **MakerDAO Governance & Risk Meeting #218** - [date=2022-12-08 time=17:00:00 timezone="UTC"]
    - [Join Link](https://zoom.us/j/697074715)
    
---
### **Core Unit Office Hours**

- [Join Link](https://us02web.zoom.us/j/82603350722?pwd=RThleVo5QlBRT1FuOWxiRCs3K0k2Zz09) | GovAlpha Governance Q&As - Mondays at 17:00 UTC
- [Join Link](meet.google.com/frj-vpji-huc) | Immunefi Security - Every Other Monday at 23:00 UTC | Alternative [Join Link](https://makerdao.bigbluemeeting.com/adm-eox-jtz-tsi) - Every Other Wednesday at 15:00 UTC
- [Join Link](https://us02web.zoom.us/j/85252786103?pwd=bEZaZXdEcGlSWWd5bmpxMDBvVjdEUT09) | Sustainable Ecosystem Scaling - Tuesdays at 13:30 UTC
- [Join Link](https://www.google.com/url?q=https://meet.google.com/bjm-qiup-hif&sa=D&source=calendar&ust=1620493080631000&usg=AOvVaw056SKuyQn3F67FAtJTPIbl) | Protocol Engineering - Tuesdays at 15:00 UTC
- [Join Link](https://meet.google.com/vmp-jiwx-nkn) | Strategic Finance (bIBTA SPF) | Tuesday, August 30th at 17:00 UTC
- [Join Link](https://us02web.zoom.us/j/81560369659) | 6S Capital - Every Other Wednesday at 14:00 UTC
- [Join Link](https://meet.google.com/sap-nttu-xga) | Growth - First Wednesday of Each Month at 17:00 UTC
- [Join Link](https://meet.google.com/kwf-qayf-xdq) | Real World Finance - Every Other Wednesday at 18:00 UTC 
- [Join Link](https://meet.google.com/nio-jrqq-guu) | Governance Communications - Fridays at 18:00 UTC

---
## ⚓ **Resources** <!-- Artem -->

<details><summary>Open List</summary><br>

▸ [All Available Dashboards](https://forum.makerdao.com/t/all-available-dashboards/16104)
▸ [All Available Guides](https://forum.makerdao.com/t/all-available-guides/16159) | [Google Sheet](https://docs.google.com/spreadsheets/d/1cb9x9r_MPDHqAzUGTxdECzzismFbnV-IwaWUMDeIAPY/edit#gid=0)
▸ [Calls Calendar](https://forum.makerdao.com/t/the-calls-calendar/16095)
▸ [Core Units](https://forum.makerdao.com/c/core-units/31)
▸ [Delegates](https://vote.makerdao.com/delegates)
▸ [Forum](https://forum.makerdao.com) and [Maker Discord](https://discord.gg/YtBXXYuVDB)
▸ [Forum Explorer](https://forum.makerdao.com/explorer)
▸ [Forum discussions - Governance Dashboard](https://www.makerdao-governance-dashboard.com/tracker/forum-discussions)   
▸ [Governance Dashboard Tracker](https://www.makerdao-governance-dashboard.com/tracker) | [Google Sheet Version](https://docs.google.com/spreadsheets/d/1LWNlv6hr8oXebk8rvXZBPRVDjN-3OrzI0IgLwBVk0vM/edit#gid=0)  
▸ [Guides](https://forum.makerdao.com/c/resources/guides/72)
▸ [Job Opportunities](https://forum.makerdao.com/c/resources/job-opportunities/11)
▸ [Learning Portal](https://community-development.makerdao.com/en/learn/) and [Technical Documentation](https://docs.makerdao.com/)
▸ [MakerBurn](https://makerburn.com/#/rundown)
▸ [MakerDAO’s Discord Servers](https://forum.makerdao.com/t/makerdaos-discord-servers/16110)
▸ [Office Hours List](https://forum.makerdao.com/t/office-hours-list/16162)
▸ [Participation Tools](https://community-development.makerdao.com/en/learn/governance/participate)
▸ [Votes and Important Dates Calendar](https://forum.makerdao.com/t/the-votes-and-important-dates-calendar/16096)

</details></br>

### Disclaimer

<small>*Disclaimer: This update is assembled by a group of members in the MakerDAO community. This does not serve as financial advice or an inducement to vote in any specific way. This update is for information and communication purposes only.*</small>

![](https://i.imgur.com/O8Z6GCX.png)
