--- tags: Snippets --- # G&R #131 Snippet Domain team updates, Collateral Onboarding, active discussions and more. All the updates from MakerDAO Governance and Risk Call #131 in this `snippet` ## Team Updates ### Governance - Had two executives pass this week, open vote [here](https://vote.makerdao.com/executive/rates-updates-uni-v2-dai-usdt-onboarding?network=mainnet#proposal-detail) - [Out of schedule executive](https://vote.makerdao.com/executive/increase-psm-usdc-a-debt-ceiling?network=mainnet#proposal-detail) posted Monday to increase Stablecoin facility in case of a bearish turn in the market. - [4 polls passed this week](https://vote.makerdao.com/polling?network=mainnet) - Working on improving [MIP0](https://forum.makerdao.com/t/mip0-the-maker-improvement-proposal-framework/1902) and making the MIPs process easier. - [Governance at a Glance](https://forum.makerdao.com/t/governance-at-a-glance-feb-26-mar-4-2021/6846) ### Smart Contracts - No collateral assesments for this week - [MIP21](https://forum.makerdao.com/t/mip21-real-world-assets-off-chain-asset-backed-lender/3917) has been posted in Kovan. - [MIP45 (Liquidations 2.0)](https://forum.makerdao.com/t/mip45-liquidations-2-0-liq-2-0-liquidation-system-redesign/6352) responded to audit reports. - Testing Liq 2.0 out with LINK on Mainnet first - Starting with a 1000 DAI debt ceiling on [MIP21](https://forum.makerdao.com/t/mip21-real-world-assets-off-chain-asset-backed-lender/3917) in the coming weeks to test it live on Mainnet - Proposed Liquidations 2.0 Timeline: ![](https://i.imgur.com/KCMB6Or.png) - Working with [MIP22](https://forum.makerdao.com/t/mip22-centrifuge-direct-liquidation-module/3930) team, devoting at least 2 hours a week to meetings with the RWA and applying teams - DEFCON spells updated and deployed on Mainnet, ready to be deployed in urgent/emergency situations. - Lots of discussion on the [Smart Contract Core Unit Budget](https://forum.makerdao.com/t/mip40c2-spx-modify-smart-contract-core-unit-budget/6832) check it out! ### Risk - Focusing on RWA and LP collateral types in coming weeks. - Letting Keeper's know about the likely upcoming changes to auction parameters polling [this poll](https://vote.makerdao.com/polling/QmPyvEzd?network=mainnet#poll-detail). - Looking to raise WBTC Debt Ceiling following this [risk report](https://forum.makerdao.com/t/state-of-wrapped-bitcoin-wbtc/6800). ### Oracles - Currently experimenting with the Scuttlebutt state and testing other redundant oracle monitoring measures to deploy. - LP oracles update: no major issues found! - Will need to make a few minor patches, but this should clear the oracle hurdle for LP vault Debt Ceilings. - Still need to make a plan for liquidations, as there have been problems with low participation in collateral auctions so far. - Looking into adding Curve LP tokens as well! - Oracle sensitivity has been lowered on less utilized collateral types to save money on Oracle spending. ### Operations and Collateral Onboarding - Operational Support [weekly update](https://forum.makerdao.com/t/operational-support-weekly-update-march-1-4-2021/6848) - Synthetix Collateral Onboarding Call [replay](https://www.youtube.com/watch?v=HJh0Hq9wl6Y) - Core Unit Tools Call: Gnosis multisig [replay](https://www.youtube.com/watch?v=TehZ-3JbBZk) - Core Unit Pod Sessions - Session #1: Growth Core Unit [replay](https://www.youtube.com/watch?v=HDgC84l1o-g&t=76s) - Core Unit Pod Sessions - Session #2: [Governance Alpha](https://forum.makerdao.com/t/core-unit-launch-pod-sessions-session-2-governance-alpha-core-unit/6847) - Join the call March 10 at 1pm EST - Keep up with [Core Units](https://coreunit.makerdao.network/Core-Unit-Corner-f79281d7617b4a61b958c30d3ea768af) ### MIPs - [Weekly MIPS Update #28 (March 1st, 2021)](https://forum.makerdao.com/t/weekly-mips-update-28/6791) - Check out this update for all MIPs formally submitted for March Governance Cycle and MIPs currently in RFC ## Other Presentations and Updates ### Seb's Financial Presentation - Seb presented his [monthly financial report](https://docs.google.com/presentation/d/17cGn6LxbAN2rlTTGAbsTvkJW83darysoKCkARv1sxlY/edit?usp=sharing)