---
# System prepended metadata

title: 'Weekly Relay | June 14 - 20, 2022'
tags: [Weekly Relay]

---

---
tags: Weekly Relay
---

# Weekly Relay | June 14 - 20, 2022

![](https://i.imgur.com/EQJsF3k.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._

###### [Online PDF Version](https://pdfhost.io/v/j.uruSZ00_Weekly_Relay_June_14_20_2022)

---
## Current Events

### MakerDAO Votes to Disable Aave DAI Supply, Reducing Celsius Exposure

*[MakerDAO Votes to Disable Aave DAI Supply, Reducing Celsius Exposure](https://decrypt.co/103150/makerdao-votes-to-disable-aave-dai-supply-reducing-celsius-exposure)*

*[[Signal Request] Set the AAVE D3M DC to 0 (Zero)](https://forum.makerdao.com/t/signal-request-set-the-aave-d3m-dc-to-0-zero/15775)*

*[URGENT: Signal Request Set Aave D3M bar to 0%](https://forum.makerdao.com/t/urgent-signal-request-set-aave-d3m-bar-to-0/15800)*

Six days ago, on June 14, GovAlpha submitted an urgent Signal Request in accordance with the [MIP24c4](https://mips.makerdao.com/mips/details/MIP24#MIP24c4) Urgent Response Procedure to disable the Aave DAI Direct Deposit Module (D3M), limiting Maker's exposure to the precariously positioned Celsius exchange (check out [last week's Weekly Relay](https://forum.makerdao.com/t/weekly-relay-june-7-13-2022/15818) for an overview of the Celsius/stETH situation).

The MakerDAO community passed the proposal on June 15, and it was [executed](https://vote.makerdao.com/executive/template-executive-vote-temporarily-disable-the-aave-dai-direct-deposit-module-d3m-june-15-2022#proposal-detail) on June 17.

https://twitter.com/MakerDAO/status/1537217115677130754

The proposal sets the [Target Borrow Rate](https://manual.makerdao.com/module-index/module-dai-direct-deposit#target-borrow-rate-bar), or "bar," to 0, preventing Celsius from taking out further loans.

Celsius had borrowed 100M DAI using the de-pegged stETH token as collateral, while Maker only stood to take in 1.4% APY in revenue from this position. @Primoz and many other community members [argued](https://forum.makerdao.com/t/signal-request-set-the-aave-d3m-dc-to-0-zero/15775/15) persuasively that this low revenue level does not offset the risks.

The Risk Core Unit will reassess the situation and present their opinions—possibly including a recommendation to re-enable the Aave D3M—at the following [MakerDAO Open Market Committee](https://forum.makerdao.com/t/parameter-proposal-group-makerdao-open-market-committee/7355) (MOMC) meeting in about one week.

### The Endgame Party Delegate Signup

*[The Endgame Party delegate signup](https://forum.makerdao.com/t/the-endgame-party-delegate-signup/15852)*

*[The business-oriented scientific governance delegate signup](https://forum.makerdao.com/t/the-business-oriented-scientific-governance-delegate-signup/15838)*

As Rune continues to host the Open Decentralized Voter Committee calls, he recently introduced the [Endgame Plan](https://forum.makerdao.com/t/the-endgame-plan-part-3-the-endgame-decentralized-workforce/15737) itself will have multiple stages of voting, including a preliminary Signal Request and the Endgame Plan Launch MIP. Additionally, Rune states that it will be beneficial and stabilizing to get a general understanding of the level of support for the Endgame Plan. 

As a result, Rune posted a thread where delegates can sign up to help run the Endgame Party. However, committed delegates are expected to attend as many Endgame Party Decentralized Voter Committees as possible, vote in general accordance with its direction, and contribute with information, ideas and proposals.

Currently, the following recognized delegates have signed up and committed to the Endgame Plan:

| Recognized Delegate | Platform | Signup Post |
| :------: | :------: | :---------: |
| Doo Nam | [Platform](https://forum.makerdao.com/t/doo-delegate-platform/13246) | [Signup](https://forum.makerdao.com/t/the-endgame-party-delegate-signup/15852/2) |
| JustinCase | [Platform](https://forum.makerdao.com/t/justincase-delegate-platform/11721) | [Signup](https://forum.makerdao.com/t/the-endgame-party-delegate-signup/15852/6) |
| 3F Delegate LLC | [Platform](https://forum.makerdao.com/t/flip-flop-flap-delegate-llc-platform/9106) | [Signup](https://forum.makerdao.com/t/the-endgame-party-delegate-signup/15852/11) |
| Flipside Crypto | [Platform](https://forum.makerdao.com/t/flipside-crypto-delegate-platform/13456) | [Signup](https://forum.makerdao.com/t/the-endgame-party-delegate-signup/15852/16) |
| Penn Blockchain | [Platform](https://forum.makerdao.com/t/penn-blockchain-delegate-platform/14419) | [Signup](https://forum.makerdao.com/t/the-endgame-party-delegate-signup/15852/19) |
| Feedblack Loops LLC | [Platform](https://forum.makerdao.com/t/feedblack-loops-llc-delegate-platform-fbl/9366) | [Signup](https://forum.makerdao.com/t/the-endgame-party-delegate-signup/15852/21) |

Other recognized delegates, such as ChrisBlec, Mhonkasalo & teemulau, and MakerMan, have decided to support the Endgame vision while remaining independent to maintain their platform values and promote decentralized delegation. 

Furthermore, SebVentures has posted his own [Delegate signup platform](http://forum.makerdao.com/t/the-business-oriented-scientific-governance-delegate-signup/15838) for a plan that is more business-oriented. His vision is simple: improving balance sheet allocation by investing in liquid tokens, lending against them, and promoting market making.

## This Week in Governance

**[Weekly MIPs Update #92](https://forum.makerdao.com/t/weekly-mips-update-92/15933)**

### Executive Vote(s)

[Temporarily Disable the Aave DAI Direct Deposit Module (D3M) - June 15, 2022](https://vote.makerdao.com/executive/template-executive-vote-temporarily-disable-the-aave-dai-direct-deposit-module-d3m-june-15-2022)

_This was an [out-of-schedule](https://mips.makerdao.com/mips/details/MIP41#MIP41c2) executive proposal. It has been deployed and added to the voting portal in response to an [urgent signal request](https://mips.makerdao.com/mips/details/MIP24#MIP24c4) that was posted on the recommendation of the Risk Core Unit ([RISK-001](https://mips.makerdao.com/mips/details/MIP39c2SP2)) facilitator._

This executive proposal passed and, as per this [urgent signal request](https://forum.makerdao.com/t/urgent-signal-request-set-aave-d3m-bar-to-0/15800), the following changes occurred within the Maker Protocol:

-   The Aave DAI Direct Deposit Module (D3M) [Target Borrow Rate (`bar`)](https://manual.makerdao.com/module-index/module-dai-direct-deposit#target-borrow-rate-bar) was set to **0**.

This change was proposed to disable the Aave D3M temporarily. Note that while setting the `bar` to 0 might intuitively suggest that the Aave D3M will utilize its entire debt ceiling, it is a pre-programmed state in the D3M code that will set the vault to unwind only.

:mag_right: _Further details on this issue and the origin of this proposal can be found in the links below:_

- [Risk Core Unit Analysis and Recommendation](https://forum.makerdao.com/t/signal-request-set-the-aave-d3m-dc-to-0-zero/15775/15)
- [Further Risk Core Unit Analysis](https://forum.makerdao.com/t/urgent-signal-request-set-aave-d3m-bar-to-0/15800/15)

## On-Chain Polls

Last week contained two active prioritization sentiment polls. Ten ratification polls were posted on June 20th, and one ratification poll was posted on June 21st, which makes up for a total of thirteen active on-chain polls.

### Ratification Polls

There are eleven active ratification polls you can still vote on:

| Poll Name | Discussion |Start Date | End Date | 
|:---------:|:----------:|:---------:|:--------:|
|   [Ratification Poll for Onboard Growth Task Force (MIP75c3-SP1)](https://vote.makerdao.com/polling/Qmbs5Kx5)   |   [Discussion](https://forum.makerdao.com/t/mip75c3-sp1-onboard-task-force-growth-task-force/15094)   |Jun 14, 2022 16:49 UTC|  Jun 27, 2022 16:00|
|   [Ratification Poll for Facilitator Onboarding to IS-001 - @psychonaut (MIP41c4-SP34)](https://vote.makerdao.com/polling/QmaR6q4L)   |   [Discussion](https://forum.makerdao.com/t/mip41c4-sp34-immunefi-security-core-unit-facilitator-onboarding-is-001/14610)   |Jun 13, 2022 16:00 UTC|  Jun 27, 2022 16:00|
|   [Ratification Poll for Facilitator Onboarding to DIN-001 - @tadeo (MIP41c4-SP35)](https://vote.makerdao.com/polling/QmWhsLCU)  |   [Discussion](https://forum.makerdao.com/t/mip41c4-sp35-facilitator-onboarding-din-001/14948)   |Jun 13, 2022 16:00 UTC|  Jun 27, 2022 16:00|
|   [Ratification Poll for Adding Lending Oversight Core Unit (LOVE-001)](https://vote.makerdao.com/polling/QmWYajMq)   |   [Discussion](https://forum.makerdao.com/t/mip39c2-sp33-adding-lending-oversight-core-unit-love-001/15098)   |Jun 13, 2022 16:00 UTC| Jun 27, 2022 16:00|
|   [Ratification Poll for Task Forces (MIP75)](https://vote.makerdao.com/polling/QmTRtpp3)  |   [Discussion](https://forum.makerdao.com/t/mip75-task-forces/15093)   |Jun 13, 2022 16:00 UTC| Jun 27, 2022 16:00|
|   [Ratification Poll for Adding a Special Purpose Fund - Makershire Hathaway (MIP55c3-SP4)](https://vote.makerdao.com/polling/QmZjU2pG)   |   [Discussion](https://forum.makerdao.com/t/mip55c3-sp4-adding-a-special-purpose-fund-makershire-hathaway/14643)   |Jun 13, 2022 16:00 UTC| Jun 27, 2022 16:00|
|   [Ratification Poll for MIP16 Amendments (MIP4c2-SP20)](https://vote.makerdao.com/polling/Qmerh2xJ)   |   [Discussion](https://forum.makerdao.com/t/mip4c2-sp20-mip16-amendments/14980)   |Jun 13, 2022 16:00 UTC| Jun 27, 2022 16:00|
|   [Ratification Poll for Permissionless Open Market Operations (MIP74)](https://vote.makerdao.com/polling/QmaivXCv)   |   [Discussion](https://forum.makerdao.com/t/mip74-permissionless-open-market-operations/15095)   |Jun 13, 2022 16:00 UTC| Jun 27, 2022 16:00|
|   [Budget Ratification Poll for Modify Strategic Finance Core Unit Budget, SF-001 (MIP40c3-SP69)](https://vote.makerdao.com/polling/QmVMc78Z)   |   [Discussion](https://forum.makerdao.com/t/mip40c3-sp69-modify-core-unit-budget-strategic-finance-sf-001/15090)   |Jun 13, 2022 16:00 UTC| Jun 27, 2022 16:00|
|   [Ratification Poll for Onboard/Amend Keep3r Network (MIP63c4-SP4)](https://vote.makerdao.com/polling/QmXbgVGz)   |   [Discussion](https://forum.makerdao.com/t/mip63c4-sp4-onboard-amend-keeper-network-keep3r-network/14321)|Jun 13, 2022 16:00 UTC| Jun 27, 2022 16:00|
|   [Budget Ratification Poll for Modify Growth Core Unit Budget, GRO-001 (MIP40c3-SP70)](https://vote.makerdao.com/polling/QmdMkg2N)   |   [Discussion](https://forum.makerdao.com/t/mip40c3-sp70-modify-growth-core-unit-budget-gro-001/15102)|Jun 13, 2022 16:00 UTC| Jun 27, 2022 16:00|

---
### Prioritization Sentiment Polls

Plenty of time to vote on our two active prioritization sentiment polls as well:

| Prioritization Sentiment | Vote Breakdown | Start Date | End Date |
|:------------------------:|:--------------:|:----------:|:--------:|
|[Technical Resource Deployment](https://vote.makerdao.com/polling/QmYqBhDx)|![Current](https://i.imgur.com/SlJMEel.png)|Jun 06, 2022 20:00 UTC| Jul 04, 2022 20:00 UTC|
|[Collateral Class](https://vote.makerdao.com/polling/QmdZezCr)|![Current](https://i.imgur.com/btkU8gE.png)|Jun 06, 2022 20:00 UTC| Jul 04, 2022 20:00 UTC|

---
### Community Greenlight Polls: Results

**No** glow for our latest greenlights:

| Greenlight Poll | Vote Breakdown | End Date |
| :-------------: | :------------: | :------: |
| [KREDIKA (Kredika LTD)](https://vote.makerdao.com/polling/QmWTfWad) |![Ended](https://i.imgur.com/8onl95b.png)| June 20, 2022 at 16:00 UTC |
| [XSGD (StraitsX)](https://vote.makerdao.com/polling/Qmd4RbRq) |![Ended](https://i.imgur.com/N7moByT.png)|June 20, 2022 at 16:00 UTC |
    
## Meetings and Events

**Last Week's Call Recordings:**

- Know Your MIP | MIP40 (Budget Framework) Amendments | [Post](https://forum.makerdao.com/t/amended-mip40-important-information-for-core-units/15450) | [Video](https://www.youtube.com/watch?v=P2FiO-KdbIg)
- Open Decentralized Voter Committee | June 15, 2022 | [Post](https://forum.makerdao.com/t/decentralized-voter-committees-wednesday-and-thursday-9pm-cest-getting-real-edition/15777) | [Video](https://www.youtube.com/watch?v=eqZ3kobXKAE)
- Meet Your Delegate | Ep.15 ft. Governance House | [Post](https://forum.makerdao.com/t/meet-your-delegate-15-governancehouse/15722) | [Video](https://www.youtube.com/watch?v=67PFalZks5I)
- Governance and Risk | Ep. 195 | [Post](https://forum.makerdao.com/t/governance-and-risk-195-thursday-june-16-at-17-00-utc/15816) | [Video](https://www.youtube.com/watch?v=8YRpgtrXsz8)
- Open Decentralized Voter Committee | June 16, 2022 | [Post](https://forum.makerdao.com/t/decentralized-voter-committees-wednesday-and-thursday-9pm-cest-getting-real-edition/15777) | [Video](https://www.youtube.com/watch?v=5dbVmaoGI4I)
- Know Your MIP KYM #12 | Core Unit Offboarding Process Amendments | [Forum](https://forum.makerdao.com/t/know-your-mip-kym-12-core-unit-offboarding-process-amendments/15700) | [Video](https://www.youtube.com/watch?v=13g3-Rz-ncc) 

**Upcoming Calls:**

###### Twitter Spaces by Growth!
- Twitter Spaces: InstaDapp & Dai | [Tweet and Join](https://twitter.com/MakerDAO/status/1538914358469742593?s=20&t=OlCGu6cGbdV_aFeufRVlpQ) - June 22nd at 15:00 UTC

*Recurring Calls:*

- Open Decentralized Voter Committee | [Forum](https://forum.makerdao.com/t/decentralized-voter-committees-startup-phase-wednesdays-5pm-cest-all-mkr-holders-welcome/15330) | [Join Link](https://www.google.com/url?q=https://us02web.zoom.us/j/81436458345&sa=D&source=calendar&ust=1654445893399659&usg=AOvVaw0-CBSXWDpRLmmAO6XGLV0G) - Wednesdays & Thursdays at 19:00 UTC
- Governance & Risk Call | [Join Link](https://zoom.us/j/697074715) | [Agenda](https://forum.makerdao.com/c/governance/gnr/8) - Thursdays at 17:00 UTC 

---
### Core Unit Office Hours

- [Join Link](https://us02web.zoom.us/j/82603350722?pwd=RThleVo5QlBRT1FuOWxiRCs3K0k2Zz09) | GovAlpha Governance Q&As - Mondays 17:00 UTC
- [Join Link](meet.google.com/frj-vpji-huc) | Immunefi Security - Every Other Monday 23:00 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 15:00 UTC
- [Join Link](https://us02web.zoom.us/j/85252786103?pwd=bEZaZXdEcGlSWWd5bmpxMDBvVjdEUT09) | Sustainable Ecosystem Scaling - Tuesdays 13:30 UTC
- [Join Link](https://meet.google.com/sap-nttu-xga) | Growth - Wednesdays 17:00 UTC
- [Join Link](https://meet.google.com/kwf-qayf-xdq) | Real World Finance - Wednesdays 18:00 UTC 
- [Join Link](https://meet.google.com/nio-jrqq-guu) | Governance Communications - Fridays 18:00 UTC
- [Join Link](https://us02web.zoom.us/j/81560369659) | 6S Capital - Every Other Wednesday 14:00 UTC

## ⚓ MIPs, Links, and Resources

[MakerBurn](https://makerburn.com/#/rundown)
Check out an "at-a-glance" view of the current Vault types and their parameters.

[Forum](https://forum.makerdao.com) and [Maker Discord](https://discord.gg/YtBXXYuVDB)
Discuss and debate MakerDAO.

[Call Calender](https://calendar.google.com/calendar/u/0?cid=bWFrZXJkYW8uY29tXzNlZmhtMmdoaXBrc2VnbDAwOWt0bmlvbWRrQGdyb3VwLmNhbGVuZGFyLmdvb2dsZS5jb20) | [Votes & Event Calendar](https://calendar.google.com/calendar/embed?src=bdf4un05hpg0611lg3ieue4t3c%40group.calendar.google.com&ctz=America%2FNew_York)
Subscribe to both for all public calls, votes, and other reminders.

[Participation Tools](https://community-development.makerdao.com/en/learn/governance/participate)
Library of valuable links for stakeholders: protocol analytics, DAI analytics, collateral & liquidation metrics, governance history, and auction data.

[Governance Portal](https://makerdao.com/en/governance)
Voting dashboard for MKR voters.

[MIPs Portal](https://mips.makerdao.com/mips/list)
MIPs dashboard for everyone.

[Learning Portal](https://community-development.makerdao.com/en/learn/) and [Technical Documentation](https://docs.makerdao.com/)
Learn more about the Maker protocol.

###  🎙️ Have Feedback?

We have some new ideas for improvement and would appreciate your [feedback](https://forms.gle/nPfNEvrCog9gSF768) to help make the Weekly Relay a more enjoyable publication.

*Disclaimer: This update is assembled by a group of contributing 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.*

##### Credit

@nothsa, @Sol_Invictus, and @Artem_Gordon
