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# System prepended metadata

title: 'G&R #148 Snippet'
tags: [Snippets]

---

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tags: Snippets
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# G&R #148 Snippet

Domain team updates, Collateral Onboarding, active discussions, and more. All the updates from MakerDAO Governance and Risk Call #148 in this `snippet.` 

## Team Updates

### GovAlpha

[GovAlpha Weekly Update](https://forum.makerdao.com/t/govalpha-weekly-update-2021-07-01/9080)
- Executive has not yet passed and needs 500 MKR to pass. Please vote.
- One poll this week on parameter changes from the MakerDAO committee will be in Executive this week.
- This week's Executive includes many things.
- Adjusting Executive and polling system with the help of many members.
- Put together templates for delegation, which will soon be public. We will be starting a Meet Your Delegates meetings.
- New and improved version of the MIPs portal being pushed to production.

### Forum

[Forum at a Glance: June 25 - July 1, 2021](https://forum.makerdao.com/t/forum-at-a-glance-june-25-july-1/9079)

### Protocol Engineering

Teamwork:

- Optimism Dai Bridge final review. We are complete for test deployments.
- Pending official launch date from Optimism
- D3M. Completed code but not an immediate priority - requires a review
- SushiJoin Adapter complete - awaiting Sushi teamwork

Technical Evaluation:

- [StakedETH](https://forum.makerdao.com/t/steth-collateral-onboarding-risk-evaluation/9061)

Testing:

- Final Echidna and audit tests for the L2 escrow
- Starting to use Certora to formally verify optimism-dai-bridge

Discussion/Documentation:

- ESM Postmortem - to be published this week
- MegaPoker Postmortem - to be published this week
- Defined expected [magnitude ranges](https://github.com/makerdao/dss/wiki/Numerical-Ranges) for all dss parameters and quantities
- Oracle Tail risk mitigation

### Oracles

- Oracle CU polling vote has passed.
- Busy with legal work on the back-end.
- Carefully working on *Gopher* pricing tool. A minority of stakeholders upgrading and is running smooth. We will begin to complete the remainder of the migration.
- *Spire* coming out soon within the next few weeks, which adds an extra layer of redundancy similar to scuttlebutt. Both *Spire* and *Scuttlebutt* will be working in parallel.

### Risk

- Published two collateral evaluations for [stETH](https://forum.makerdao.com/t/steth-collateral-onboarding-risk-evaluation/9061) and [MATIC.](https://forum.makerdao.com/t/matic-collateral-onboarding-risk-evaluation/9069)
- Ongoing work on D3M. Evaluation should be finished by next week.
- Ongoing discussion about Institutional Vaults, which may soon be called Conditional Vaults.
- Preparing simulations testing lower LR ratios on Vaults. 
- PE Team asked to look into Defcon Spells.

### Real World Finance

[Real-World Finance Core Unit Report - 2021-06](https://forum.makerdao.com/t/real-world-finance-core-unit-report-2021-06/9074)
- NewSilver request proposing to increase DC from 5 million to 20 million.
- Improvement in the smart contract for NewSilver following an audit by ABDK.
- Centrifuge collaterals approved by Governance were delayed, pushed to Kovan for next week.
- For SolarX, the risk assessment is delayed as we are discussing with them to improve MakerDAO safety by having more collateral at the beginning.
- Continuing progress on the Cayman Islands legal and tax side.
- Began working on a [real database](https://github.com/makerdao-rwf/makerdao-dw) both on-chain and off-chain to create more elaborative and useful models for data use replacing Dune Analytics.

### Growth

[Growth CU weekly update: June 25 - July 1](https://forum.makerdao.com/t/growth-cu-weekly-update-june-25-july-1/9078)
- Speaking with various companies that require Maker to pass through KYC processes. In discussion with Circle.
- Spoke with Galaxy, who like the idea of using Maker Vaults but don't want to involve KYC processes.
- PSM was delayed. Speaking with Paxos, Binance, and Gemini to continue business negotiations.
- Will be working with partners to discuss why they are not using Maker Vaults.
- BlockFi will be giving an 8.5% yield in Dai through July 30!
- We are approaching Gnosis about Maker Vault integration.
- Planning an event in Paris on July 21 for MakerDAO. If you will be there, reach out to get involved.

### Sustainable Ecosystem Scaling

- Our team's MKR Compensation Budget proposal passed.
- Potential Budget Modification for grants and/or incubation program on its way.
- Project Sandbox meeting, which helps improve protocols, happened last week.
- Project X-Ray happening tomorrow, which helps set up CUs through onboarding.
- Incubees DTalent and dUX are now live! Reach out for help if you need it.
- Working with Dai Foundation on potential MIPs.
- [CU Launch Pod Session](https://www.youtube.com/watch?v=6HjiMs2F5SM) with AmaZix Marketing CU. 

### MIPs

- [MIPs Update #42](https://forum.makerdao.com/t/weekly-mips-update-42/9010)
- All of last month's Ratification Votes passed.
- This week is a gap week.

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

### June's Governance Cycle

- Had our first month using the new Governance Cycle, which went well.
- We saw some proposals stay below the 10,000 MKR threshold, being passed last minute.

## Other Presentations and Updates

### Delegation

- Discussion going on concerning the pros and cons for delegates becoming mandated actors and vice-versa.
