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# System prepended metadata

title: 'G&R #131 Snippet'
tags: [Snippets]

---

---
tags: Snippets
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# 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)




