--- tags: Weekly Relay --- # Weekly Relay: March 15th - 21st, 2022 ![](https://i.imgur.com/UrQDzfd.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._ > The public PDF version is available [here.](https://pdfhost.io/v/0ltYfaagh_Weekly_Relay__March_15_21_2022) 🍵 Current Events 🗳️ This Week in Governance 🤿 Community Deep Dai-ve 📆 Mark your Calendar ⚓ Useful Links 🎙️ Have Feedback? ## 🍵 Current Events ### [stkMKR: Maker Staking and Tokenomics Revision](https://forum.makerdao.com/t/stkmkr-maker-staking-and-tokenomics-revision/13890) As part of an ongoing discussion on improving Maker's token economics, @monet-supply of the Risk Unit team proposes staking functionality to the MKR token through stkMKR, a token with economics mechanism inspired by a combination of Cosmos governance and stkAAVE and xSUSHI token economics. This mechanism attempts to preserve the key benefits of the existing buy and burn mechanism—gas efficiency and tax efficiency—while also addressing its drawbacks: [quote="monet-supply, post:1, topic:13890"] * **Lack of targeted incentives** - token economics can incentivize positive behavior within a protocol, but buyback and burn returns capital to all MKR holders equally and doesn’t target incentives towards those token holders providing excess value * **Weak crypto narrative** - buy and burn is out of favor, and an update could stoke greater interest in the Maker protocol; while in my opinion, tokenomics should not be focused on price impacts, positive narrative shifts benefit the protocol by making MKR issuance for hiring, capital raising, and user incentivization more efficient * **Limited deterrence against governance attacks** - Currently, it is possible for MKR owners to vote on a malicious proposal and then immediately withdraw funds and interact with DeFi protocols, which makes it nearly impossible to burn an attacker’s stake (they could be commingled with lending or AMM exchange pools and contaminate funds held by other users) [/quote] In this proposed mechanism, a new non-transferable token, stkMKR, will replace MKR as the core governance token of the Maker ecosystem. Staked token holders will receive a share of MKR tokens purchased via surplus auctions, so the amount of MKR backing stkMKR will increase and automatically compound over time. Withdrawing the staked token will require waiting through an unbonding period, boosting protocol resilience and governance security. The fees will come from the DAI, which users must pay back as interest for borrowing on Maker. Currently, these fees are used to buy back MKR, which is then (usually) burned. However, a portion of purchased MKR will return to stkMKR holders under the new proposal. Here is a high-level overview of how the system works: ![](https://i.imgur.com/z5xeb9g.png) Staked stkMKR is held in voting contracts and can be freely delegated without delay and unbonding (a period that users would have to wait if they wish to withdraw their stkMKR and collect their fees). A portion of MKR received through surplus auctions is reserved for stkMKR holders rather than burned. Governance could also choose to top up this store manually. Those who stake MKR will be able to vote using stkMKR, and introduction of additional fees could also incentivize increased governance participation. ![](https://i.imgur.com/LUw95z5.png) Withdrawing staked stkMKR is a straightforward process. ![](https://i.imgur.com/x3zEJPo.png) Ultimately, this mechanism is designed to achieve the following points: [quote="monet-supply, post:1, topic:13890"] * **Incentivize governance participation**: while the mechanism doesn’t directly incentivize voting or other actions, staking rewards may help improve participation and delegation rates. * **Improve value accrual narrative for MKR token**: concrete APR figures and supply restriction may help improve market sentiment. * **Increase governance security**: staking yield makes token lending less attractive, while unbonding periods may help deter governance attacks and make them more costly to execute. Unbonding also disincentivizes participation through centralized exchanges or other pooled staking services, which could compromise MakerDAO decentralization. * **Increase resilience to credit losses**: unbonding periods keep a share of MKR tokens off the market during market crashes and recapitalization events. This prevents staked MKR holders from front-running debt auctions. [/quote] Several components will need to be updated or introduced to fully implement the stkMKR tokenomics mechanism. A splitter contract will need to be written to route some of the MKR from surplus auctions into backing the stkMKR token. Several changes will need to be made to the Maker governance system, including migration to core governance, voting, delegation contracts, an adjustment to the way governance polls are evaluated, and a disaster recovery mechanism. Both [Cointelegraph](https://cointelegraph.com/news/makerdao-community-proposal-to-replace-mkr-governance-token) and [The Defiant](https://thedefiant.io/makerdao-proposal-dai-shake-up-tokenomics) published summaries about the proposal. ### [Anti-inflationary proposal](https://forum.makerdao.com/t/anti-inflationary-proposal/13928) While the stkMKR mechanism outlined above can support both deflationary (via buyback) and inflationary (via governance token minting) funding approaches, @cryptenthusiastic's proposal is strictly deflationary and has less of a focus on incentivizing governance participation. @cryptenthusiastic wants to decouple the value of Dai from the inflation factor of fiat currency in such a way that: [quote="cryptenthusiastic, post:1, topic:13928"] 1. If the Dollar decreases, Dai would remain stable 2. If the Fed succeeds in making the Dollar rise in value (which is difficult to maintain in the long run), Dai would rise along with the Dollar [/quote] Potential risks and disadvantages include: [quote="cryptenthusiastic, post:1, topic:13928"] * Mild impermanent loss in Dai pairs with other stable currencies. * Will probably slow down the adoption process in the short and medium-term; borrowers will be a bit less motivated to open a vault because of rising interest rates. * It would be less attractive for users borrowing Dai to buy and increase their position in different cryptos (the solution to this may be option B below). [/quote] @cryptenthusiastic believes that this decoupling of Dai from fiat currency's inflation factor would make it the stablecoin of choice for investors taking profits during bull markets and making it attractive to institutions and businesses. As usual, with new tokenomics proposals, there is a lot of discussion under both the stkMKR proposal and this anti-inflationary proposal on the forum. There will also be a stkMKR call this Wednesday if this is a topic you're particularly interested in: [Focus On #8: stkMKR: Staking & Tokenomics Revision](https://forum.makerdao.com/t/focus-on-8-stkmkr-staking-tokenomics-revision/14001) [quote="Retro, post:1, topic:14001"] The 8th episode of Focus On will host @monet-supply, Risk Core Unit, and a Recognized Delegate to discuss proposed revisions to MKR Staking & Tokenomics. Addressing Maker’s criticisms of having weak tokenomics, stkMKR attempts to fix the project’s challenges by introducing incentives to governance participation while increasing governance security and resiliency to credit losses. [/quote] @juan and @retro will host the event this Wednesday, March 23rd, at 4 PM UTC. [Mark it on your Google Calendar](https://calendar.google.com/event?action=TEMPLATE&tmeid=N3Nzam90NTJ0cjdwMGI0bWtuZ3Z0ZG8ycjcgbWFrZXJkYW8uY29tXzNlZmhtMmdoaXBrc2VnbDAwOWt0bmlvbWRrQGc&tmsrc=makerdao.com_3efhm2ghipksegl009ktniomdk%40group.calendar.google.com)! [Crowdcast call](https://www.crowdcast.io/e/focus-on-8) ## 🗳️ This Week in Governance ### Maker Improvement Proposals (MIPs) [Weekly MIPs Update #79](https://forum.makerdao.com/t/weekly-mips-update-79-pinata/14106) ![](https://i.imgur.com/MutyPtV.png) - RFC and FS Dates for reference and existing proposals can be seen [on this new proposal tracker (WIP)!](https://docs.google.com/spreadsheets/d/1OHZa-f4C2Z8PteZBb1Mfiz-MJn5Ky_PM15mM1QLgIRY/) - If you have any questions about the voting process at MakerDAO, the [Practical Guide to Voting](https://manual.makerdao.com/governance/voting-in-makerdao/practical-guide-voting) will be useful. We have nine proposals that have been formally submitted for the March Governance Cycle are now entering their second-week on-chain as Ratification Polls. Additionally, we have [a Signal Request](https://forum.makerdao.com/t/signal-request-promote-mip4c3-sp2-mip62-amendments-to-an-on-chain-poll/13972) to promote [amendments to MIP62](https://forum.makerdao.com/t/mip4c3-sp2-mip62-amendments/13779) to an on-chain three-day poll, as per [MIP4c3](https://mips.makerdao.com/mips/details/MIP4#MIP4c3). This Signal Request will run until March 23. > There are 17 recent/active proposals with RFC status, most of which are eligible to enter the [April Governance Cycle](https://forum.makerdao.com/t/weekly-mips-update-79-pinata/14106#things-to-come-crystal_ball-4). Some, however, still need further definition and adjustments before they can be formally submitted; others will have to wait until the May Governance Cycle; and yet others will enter the Weekly Cycle instead. --- Pre-MIP Discussions: - [Anti-inflationary Proposal](https://forum.makerdao.com/t/anti-inflationary-proposal/13928) - [Auction-backed DAI](https://forum.makerdao.com/t/auction-backed-dai/13011/11) - [IAM for Surplus Buffer](https://forum.makerdao.com/t/premip-iam-for-surplus-buffer/11584) - [Proposal Ideas on the Forum](https://forum.makerdao.com/c/mips/proposal-ideas/21?order=activity) - [[Pre-MIP] Using Gyroscope to cut through Dai's Gordian knot: its USDC dependency](https://forum.makerdao.com/t/pre-mip-using-gyroscope-to-cut-through-dai-s-gordian-knot-its-usdc-dependency/8865) - [An RWA style solution to replace the PSM](https://forum.makerdao.com/t/an-rwa-style-solution-to-replace-the-psm/8705) ### Executive Vote There was [no executive vote](https://forum.makerdao.com/t/no-planned-executive-2022-03-18/13923) last week, March 18, 2022. Polls will be bundled into the next executive vote on March 25, 2022. ### Active Governance Polls | Poll Name | Discussion | | :-------: | :--------: | | [Ratification Poll for Declaration of Intent - Invest in Short-Term Bonds](https://vote.makerdao.com/polling/QmR6QMt6?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip13c3-sp12-declaration-of-intent-invest-in-short-term-bonds/13084) | | [Ratification Poll for Facilitators Offboarding (MDS-001)](https://vote.makerdao.com/polling/QmV3Lem7?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip41c5-sp5-facilitator-offboarding/13005) | | [Ratification Poll for GovAlpha Budget 2022-23](https://vote.makerdao.com/polling/QmSBytmr?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp59-govalpha-budget-2022-23/13144) | | [Ratification Poll for Modify Core Unit Budget - Real-World Finance (RWF-001)](https://vote.makerdao.com/polling/QmXDh7RR?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp61-modify-core-unit-budget-real-world-finance-rwf-001/13152) | | [Ratification Poll for Modify GovAlpha Core Unit MKR Budget](https://vote.makerdao.com/polling/QmefuvKL?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp60-modify-govalpha-core-unit-mkr-budget/13145) | | [Ratification Poll for Onboard-Amend Keeper Network - Gelato Network](https://vote.makerdao.com/polling/QmTnVxAL?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip63c4-sp2-onboard-amend-keeper-network-keep3r-network/12748) | | [Ratification Poll for Onboard-Amend Keeper Network - Keep3r Network](https://vote.makerdao.com/polling/QmaEfChz?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip63c4-sp2-onboard-amend-keeper-network-keep3r-network/12748/1) | | [Ratification Poll for Rapid Payment for Small Bug Bounties](https://vote.makerdao.com/polling/QmRdVByP?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip4c3-sp1-rapid-payment-for-small-bug-bounties-mip64-mip40c3-sp42-amendment/12869) | | [Ratification Poll for Recognized Delegate Compensation](https://vote.makerdao.com/polling/QmTvzCjL?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip61-delegate-compensation/10640) | *Check out [March 14th's](https://forum.makerdao.com/t/weekly-relay-march-8-14-2022/13906) issue of Weekly Relay for more information on the most recently concluded polls.* ### Community Greenlight Polls There were no active community greenlight polls for the week of March 15 - 21, 2022. _Check out an "at-a-glance" view of the current Vault types and their parameters on [MakerBurn.](https://makerburn.com/#/rundown)_ ### Active Signal Requests **[Promote “MIP4c3-SP2: MIP62 Amendments” to an on-chain poll](https://forum.makerdao.com/t/signal-request-promote-mip4c3-sp2-mip62-amendments-to-an-on-chain-poll/13972)** @Patrick_J posted a Signal Request seeking to gauge support for whether [MIP4c3-SP2](https://forum.makerdao.com/t/signal-request-promote-mip4c3-sp2-mip62-amendments-to-an-on-chain-poll/13972), which contains some amendments to existing MIPs in response to the offboarding of the Content Production Core Unit, should proceed to an on-chain poll. This Signal Request will run until March 23rd, 2022, at 8:30 PM. **[Promote “MIP4c3-SP1: Amend MIP64 to clarify critical web bounty amount” to on-chain poll](https://forum.makerdao.com/t/signal-request-promote-mip4c3-sp1-amend-mip64-to-clarify-critical-web-bounty-amount-to-on-chain-poll/13649)** Psychonaut submitted a very straightforward Signal Requesting. At issue: [Amend MIP64 to clarify critical web bounty amount 6](https://forum.makerdao.com/t/mip4c3-sp1-amend-mip64-to-clarify-critical-web-bounty-amount/13439) Considerations (not pros and cons): - Increase the payout for critical severity web bugs from 5k-50k to a single amount of 50k. - Reduce negotiation around the critical severity bounty amount. - Increase incentive for whitehat hackers to pursue Critical potential severity web bugs. **[Onboard D3M For Notional Finance](https://forum.makerdao.com/t/signal-request-onboard-d3m-for-notional-finance/13782)** Recognized Delegate GFX Labs is signaling to onboard a D3M (DAI Direct Deposit Module) for Notional Finance’s 3-month-maturity DAI lending pool 1, with an initial debt ceiling of 10 million DAI (unless recommended otherwise by Risk Core Unit). [quote="GFXlabs, post:1, topic:13782"] Pros: 1. Increased revenues. The 3-month rate on Notional is north of 7%, on a base of around 85m DAI. For example, even a trial 10m DAI DC would firmly put a Notional D3M in the top 10 ilks by revenue. (10m DAI is currently estimated to suppress rates only to 6% as of writing) ![](https://i.imgur.com/eXOSWq5.png) For reference, estimated yearly revenue from other top ilks are below: ![](https://i.imgur.com/M1blEWM.png) 1. Increased control over the front end of the yield curve. Strategically, Maker’s use of D3Ms across multiple lending venues will exert control over more of the total market, dampening effects of fragmented liquidity for DAI and volatility during market downturns. Being fairly insensitive to gas costs, Maker’s D3M for Aave has allowed steady DAI rates even in intense volatility. That stabilization can also be applied to the very shortest portion of the yield curve. 2. Diversification of counterparties. Maker currently faces existential risk from various counterparties: Circle, Lido, Bitgo, Paxos, and occasionally Aave. By growing DAI supply and increasing the rate by which the Surplus Buffer grows, a program of diverse D3Ms advances the goal of reducing excess reliance on individual counterparties. 3. Familiar credit risks and technological risks. The risks represented by exposure to Notional’s overcollateralized lending platform (listed under Cons) are risks that Maker has deep expertise in evaluating and monitoring through Collateral Engineering Services, Risk, and Protocol Engineering Core Units. 4. Reduced reliance upon stablecoin collateral. The DAI supply is 68% backed by stable collateral, the bulk of which is 5,300,000,000 USDC and nearly 500,000,000 USDP. D3Ms can scale quickly and are limited only by the depth of their deployed markets, allowing them to grow as demand for DAI on the lending platform grows. This increases DAI supply, but it should also lower the demand for the PSMs, as there are alternative methods of obtaining DAI. ![](https://i.imgur.com/x1YvXA1.png) Cons: 1. Smart contract risk. There is always smart contract risk with any protocol-to-protocol interaction. Steps to mitigate this for Notional include [an audit by ABDK](https://github.com/notional-finance/contracts-v2/blob/master/audits/ABDK%20-%20Notional%20V2%2C%20Sept%201%202021.pdf), a \$1,000,000 bug bounty program on Immunefi, [analysis via Code4rena](https://code4rena.com/reports/2021-08-notional/), formal [verification via Certora](https://github.com/notional-finance/contracts-v2/blob/master/audits/Certora%20-%20Formal%20Verfication%20Report%2C%20Nov%201%202021.pdf), and a pending diligence report by Consensys. 2. Multisig risk. Notional's governance mechanisms are still in the early stages of decentralizing. At the moment, key portions of the protocol are governed by a 3 of 5 multisig. There is no firm timeline, but the multi-sig's admin powers will be phased out over time. A possible mitigant of risk to Maker is that [one of its delegates (GFX Labs) is one of the signatories, and all signatories are fully doxxed 1](https://etherscan.io/address/0x22341fB5D92D3d801144aA5A925F401A91418A05#readProxyContract). Note that other underlying collaterals already in Maker's portfolio also include governances with multisigs, so this is not a novel form of risk. 3. Illiquidity risk. If the amount of DAI in the liquidity pool drops due to LPs withdrawing their capital, there may be insufficient liquidity for Maker to withdraw 100% of its capital before maturity. It should be noted that Maker will always be able to withdraw its capital upon maturity regardless of the liquidity in the pool. This illiquidity risk only refers to withdrawals before maturity. A gradual scaling of maximum exposure can keep in mind to mitigate this. 4. Capital loss risk. If liquidations do not perform properly, capital loss is risk. Notional has built a [robust liquidation infrastructure 1](https://blog.notional.finance/understanding-liquidations/) and currently utilizes conservative parameters. Being an overcollateralized lending platform, the risk of bad debt stemming from default is, in principle, low. While probably unnecessary for Maker, there is also coverage available for Notional under Nexus Mutual. 5. Oracle risk. Notional utilizes Chainlink oracles for the four listed assets. [Maker is already exposed to Chainlink oracles via Aave](https://forum.makerdao.com/t/d3m-risk-assessment/9353) and [(soon) Compound](https://forum.makerdao.com/t/compound-d3m-risk-assessment/12580). [/quote] **[Onboard PAXG](https://forum.makerdao.com/t/signal-request-onboard-paxg/13768)** Another Signal Request for new collateral onboarding was posted by the Strategic Finance Core unit, this time for onboarding PAXG (PAX Gold). [quote="SebVentures, post:1, topic:13768"] Pros * Gold might be an important building block for DeFi. When we onboarded WBTC, it was small and unproven in DeFi; since then, it has been an important piece, thanks to MakerDAO. The same thing can happen with PAXG. * DeFi can provide yield for gold and attract TradFi people * This onboarding might increase our relationship with Paxos. * US Dollar dominance is under attack (especially after the weaponization of the dollar), and strong inflation is on the menu. Both are good for gold. Cons * Gold can fall into oblivion soon. * The current rates increase are bad for gold. * PAXG is centralized by Paxos * Demand can be lacking, and we would incur a loss and a defocus (Oracle costs) [/quote] ## 🤿 Community Deep Dai-ve ### Tweet of the Week https://twitter.com/emilianobonassi/status/1505496762022248450 ### Forum Insight [A RWA DeFi ecosystem: more than just onboarding collateral](https://forum.makerdao.com/t/a-rwa-defi-ecosystem-more-than-just-onboarding-collateral/14079) @roollie from Centrifuge gave us an overview of the RWA Market on Aave after seeing many questions from the Maker community about it. In case you're unfamiliar, Aave allows for creating markets where people can borrow tokens by depositing collateral. Interest rates increase and decrease depending on market utilization. The RWA market launched on December 28th of last year and represented the first diversified real-world asset market on Aave. Initially, the market launched with seven pools and allowed liquidity providers to deposit USDC. Four of the pools are integrated Maker vaults. It currently has a market size of US$19.1M, with 10.8M USDC deposited. With this market, when a pool wants to increase its capital, issuers can deposit pool tokens in the Aave protocol and borrow directly from any RWA Market investor. ![](https://i.imgur.com/pt7Mktx.png) This additional funding source provides stability and longevity, giving issuers peace of mind that "there are reliable sources of income across multiple fronts, similar to multiple banking relationships that a traditional company might have." _Also, check out the latest [Forum at a Glance](https://forum.makerdao.com/tag/forum-at-a-glance) post for additional forum insights._ ### Articles - [A Radical Proposal to Revive MakerDAO Roils Community](https://thedefiant.io/makerdao-real-world-assets-proposal/) - *"Hexonaut, a protocol engineer at MakerDAO, joined forces with colleagues and submitted a new governance proposal called “Aggressive Growth Strategy.” It’s urging Maker’s membership to consider a bevy of radical moves to rejuvenate the popular DeFi project, including tapping real world assets to shore up its surplus fund. The authors estimate that move will generate an additional $20M to $40M in annual revenues."* ## 📆 Meetings and Events ### Last Week's Call Recordings - Governance and Risk Call Ep. 182: - [Video](https://youtu.be/cMLUkPq7RNo) | [Forum](https://forum.makerdao.com/t/governance-and-risk-182-thursday-march-17-17-00-utc/13965) - Focus On #06 | Data Insights Core Unit: - [Video](https://youtu.be/Kn_FT2EjdwQ) | [Forum](https://forum.makerdao.com/t/focus-on-6-data-insights-core-unit/13827) - Collateral Onboarding Call #39: D3M for Notional Finance: - [Video](https://youtu.be/ccvPMQ4gm1A) | [Forum](https://forum.makerdao.com/t/collateral-onboarding-call-39-d3m-for-notional-finance-signal-request-discussion/13828) ### Upcoming Calls - Focus On #7: RWA Lending Principles | Tuesday, March 22, 2022, 4:00 PM UTC - [Join Link](https://www.crowdcast.io/e/focus-on-7) | [Forum](https://forum.makerdao.com/t/focus-on-7-rwa-lending-principles/14000) - Focus On #8: stkMKR: Staking & Tokenomics Revision | Wednesday, March 23, 2022, 4:00 PM UTC - [Join Link](https://www.crowdcast.io/e/focus-on-8) | [Forum](https://forum.makerdao.com/t/focus-on-8-stkmkr-staking-tokenomics-revision/14001) #### Governance & Risk - [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 - Tuesdays 00:00 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 15:30 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 17:00 UTC - [Join Link](https://meet.google.com/nio-jrqq-guu) | Governance Communications - Fridays 18:00 UTC ## ⚓ Useful Links [Forum](https://forum.makerdao.com) and [Maker Chat](https://chat.makerdao.com) 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 useful links for stakeholders: protocol analytics, DAI analytics, collateral & liquidation metrics, governance history, and auctions 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 value your input! Take our [survey](https://survey.sogosurvey.com/r/OBV0Y7) to let us know what we might be missing or how to do better. *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 @Artem_Gordon @nothsa