---
# System prepended metadata

title: 'Weekly Relay: January 17th, 2022'
tags: [Weekly Relay]

---

---
tags: Weekly Relay
---

# Weekly Relay: January 17th, 2022

![](https://i.imgur.com/5bhfbkG.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._

🍵 Current Events

🗳️ This Week in Governance

🤿 Community Deep Dai-ve 

📆 Mark your Calendar

⚓ Useful Links

🎙️ Have Feedback?

## 🍵 Current Events

### Exploring NFTs as Collateral

@monet-supply kicks off a discussion on the use of [NFTs as collateral](https://forum.makerdao.com/t/product-discussion-nfts-as-makerdao-collateral/12619) in the Maker Protocol.

NFTs offer a large opportunity for collateralization, potentially in the tens of millions of Dai to start. 

The post includes projections based on various factors around risk and demand and offers several solutions to the onboarding and management of NFTs as collateral.

### How Should MakerDAO Handle Junior Capital Providers?

@Allan_Pedersen kicks off [a discussion](https://forum.makerdao.com/t/nuts-bolts-alignment-of-interests-junior-senior-capital/12613) on how MakerDAO should handle Junior Capital providers in the context of Real-World Finance.

As the post explains, junior positions involve more risk and are liquidated before senior positions, which means both parties have different interests when a loan goes bad and Junior's capital is at stake.

MakerDAO has expressed interest in maintaining senior positions in loans. The post outlines MakerDAO's options and offers some pros and cons to start the discussion.

### Dai Supply at All-Time High

![Imgur](https://i.imgur.com/d9Er7tf.png)

The Dai supply is currently sitting at an all-time high, inching closer to the 10 billion Dai milestone by the day.

Annual profits are estimated at 113 million Dai, and the system surplus sits at 66 million Dai.

## 🗳️ This Week in Governance

### MIPs

[Weekly MIPs Update #70](https://forum.makerdao.com/t/weekly-mips-update-70/12695)

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

The second week of ratification polls begins today!

:calendar: — RFC and FS Dates for reference and existing proposals can be seen [here.](https://docs.google.com/spreadsheets/d/10qxaRjm9T5LCgnYwwYqPqEjKu9yl2F1YHqdDD5SktJc/edit?usp=sharing)

The Ratification polls for the January Governance Cycle are in their last voting week. Please, be sure to cast your vote before the week’s end!

### Recent Executive Votes

[Recover DAI from Optimism Escrow, Changes to Uniswap LP Vault Debt Floor Parameters, Delegate Compensation - January 14, 2022](https://vote.makerdao.com/executive/template-executive-vote-recover-dai-from-optimism-escrow-changes-to-uniswap-lp-vault-debt-floor-parameters-delegate-compensation-january-14-2022?network=mainnet#proposal-detail)

This executive proposal has passed, and the following changes occurred within the Maker Protocol:

#### Recover DAI from Optimism Escrow:

- 10 million DAI will be transferred to forum user @lost_some_dai.
- For further information, please see the initial Signal Request on the MakerDAO forum [here.](https://forum.makerdao.com/t/signal-request-should-makerdao-assist-in-recovering-dai-locked-on-optimism-escrow/12307)

#### Uniswap LP Vault Debt Floor (dust) Increases:

The following Uniswap LP Vault Debt Floor (dust) changes were made to the Maker Protocol:

| Vault Type | Previous | New | Change |
| :--------: | :------: | :-: | :----: |
| UNIV2DAIETH-A | 15,000 DAI | 60,000 DAI | +45,000 DAI |
| UNIV2USDCETH-A | 15,000 DAI | 60,000 DAI | +45,000 DAI |
| UNIV2WBTCDAI-A | 15,000 DAI | 60,000 DAI | +45,000 DAI |
| UNIV2WBTCETH-A | 15,000 DAI | 25,000 DAI | +10,000 DAI |
| UNIV2UNIETH-A | 15,000 DAI | 25,000 DAI | +10,000 DAI |

#### Delegate Compensation Payments - December:

As per these successful governance polls ([1,](https://vote.makerdao.com/polling/QmPCbBu3?network=mainnet) [2](https://vote.makerdao.com/polling/QmbvuhYH?network=mainnet#poll-detail)) and the ongoing trial of delegate compensation, a total of 48,290 DAI was distributed to seven recognized delegates as detailed below:

| DAI Transferred | Delegate |
| :-------------: | :------: |
| 12,000 DAI | FlipFlopFlap Delegate LLC |
| 12,000 DAI | schuppi |
| 12,000 DAI | Feedblack Loops LLC |
| 8,597 DAI | MakerMan |
| 2,203 DAI | ACREinvest |
| 791 DAI | JustinCase |
| 699 DAI | GFX Labs |

- Details on the breakdown of delegate compensation for December can be found on the MakerDAO forum [here.](https://forum.makerdao.com/t/delegate-compensation-breakdown-december-2021/12462)

### Active Governance Polls

| Poll Name | Vote | Discussion |
| :-------- | :--: | :--------: |
| PPG - Open Market Committee Proposal | [Vote](https://vote.makerdao.com/polling/QmVyyjPF?network=mainnet) | [Discussion](https://forum.makerdao.com/t/parameter-changes-proposal-ppg-omc-001-2022-01-07/12522) |
| Decrease the GUNIV3DAIUSDC2-A Liquidation Ratio | [Vote](https://vote.makerdao.com/polling/QmbFqWGK?network=mainnet) | [Discussion](https://forum.makerdao.com/t/request-to-lower-the-collateralization-ratio-for-guniv3daiusdc2-a/12615) |

#### Ratification Polls

| Poll Name | Vote | Discussion |
| :-------- | :--: | :--------: |
| Collateral Offboarding Process (MIP62) | [Vote](https://vote.makerdao.com/polling/QmdwoZtA?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip62-collateral-offboarding-process/12029) |
| Bug Bounty Program for MakerDAO Critical Infrastructure (MIP64) | [Vote](https://vote.makerdao.com/polling/QmWkPoVv?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip64-bug-bounty-program-for-makerdao-critical-infrastructure/12096) |
| Maker Keeper Network (MIP63) | [Vote](https://vote.makerdao.com/polling/QmQqFpjv?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip63-maker-keeper-network/12091) |
| Offboarding Content Production Core Unit | [Vote](https://vote.makerdao.com/polling/QmYk1XN5?network=mainnet#poll-detail) | [Discussion](https://forum.makerdao.com/t/mip41c5-sp3-facilitator-offboarding-mkt-001/12058) |
| Facilitator Onboarding for RWF-001 | [Vote](https://vote.makerdao.com/polling/QmdrJGxQ?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip41c4-sp27-facilitator-onboarding-rwf-001/11308) |
| Onboarding Tech-Ops Core Unit (TECH-001) | [Vote](https://vote.makerdao.com/polling/QmZEeWAC?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip39c2-sp29-adding-techops-core-unit-tech-001/12070) |
| Onboarding Strategic Finance Core Unit (SF-001) | [Vote](https://vote.makerdao.com/polling/QmZn66qt?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip39c2-sp27-adding-strategic-finance-core-unit/11938) |
| Development & UX Core Unit Budget - DUX-001 | [Vote](https://vote.makerdao.com/polling/QmUnMZKw?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp52-development-ux-core-unit-budget-dux-001/12085) |
| Core Unit Budget, SNE-001 | [Vote](https://vote.makerdao.com/polling/QmPBwinN?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp47-core-unit-budget-sne-001-phase-ii-starknet-fast-withdrawal-and-wormhole/12041) |
| Modify Core Unit Budget, ORA-001 (Oracle Gas Costs) | [Vote](https://vote.makerdao.com/polling/QmRT9363?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp45-modify-core-unit-budget-ora-001-oracle-gas-costs/11621) |
| Modify Core Unit Budget - Sustainable Ecosystem Scaling (SES-001) | [Vote](https://vote.makerdao.com/polling/QmQrVVgi?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp55-modify-core-unit-budget-sustainable-ecosystem-scaling-ses-001/12097) |

### Community Greenlight Polls

| Collateral | MIP9 Poll | MIP6 Application |
| :--------- | :-------: | :--------------: |
| OGN (Origin Protocol) | [Ends 1/24 4PM UTC](https://vote.makerdao.com/polling/QmVwzRdM?network=mainnet) | [Application](https://forum.makerdao.com/t/12205)  |
| OUSD (Origin Dollar) | [Ends 1/24 4PM UTC](https://vote.makerdao.com/polling/QmcWD91Z?network=mainnet) | [Application](https://forum.makerdao.com/t/12205)  |
| RBLD (Robinland Holdings) | [Ends 1/24 4PM UTC](https://vote.makerdao.com/polling/Qmc8kAfZ?network=mainnet) | [Application](https://forum.makerdao.com/t/rbld-mip6-collateral-onboarding-application-real-estate-new/11911)  |
| TUSD-PSM (TrueUSD) | [Ends 1/24 4PM UTC](https://vote.makerdao.com/polling/QmVwiLKC?network=mainnet) | [Application](https://forum.makerdao.com/t/tusd-mip6-collateral-onboarding-application/12192)  |
| USDap (BondAppetit) | [Ends 1/24 4PM UTC](https://vote.makerdao.com/polling/QmZDJZdL?network=mainnet) | [Application](https://forum.makerdao.com/t/bondappetit-proposal-to-create-a-standard-vault-with-a-collateral-ratio-of-100-and-a-stability-fee-of-3/11894)  |

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

### Active Signal Requests

[Extend the Delegate Compensation Trial](https://forum.makerdao.com/t/signal-request-extend-the-delegate-compensation-trial/12686) - Signal Request Ends January 31st - "The initial Signal Request that approved the Delegate Compensation Trial implemented a three-month trial period. During the trial period, we recognized that initial parameter requirements were too harsh and subsequently introduced the Performance Modifier to the trial via Signal Request, and this has been added to MIP61.

As things stand, MIP61 has not been submitted for Formal Submission, as there are still a few changes being discussed. Consequently, January 2022 is the final month currently covered by the trial, and compensation for Recognized Delegates would cease after this month."

In response to these events, @Patrick_J signals to the community by asking whether we should extend the Delegate Compensation Trial by a maximum of 6-months but end if MIP61 is approved.

## 🤿 Community Deep Dai-ve

### Tweet of the Week

https://twitter.com/SebVentures/status/1481194406921359364

### Forum Insight 

- [Video Producing under MIP41c5-SP3: Facilitator Offboarding (MKT-001)](https://forum.makerdao.com/t/video-producing-under-mip41c5-sp3-facilitator-offboarding-mkt-001/12654/7)
    - *@jmarshall helps to make clear the immense hurdles the Content Production CU has faced since its inception. Worth reading to help in separating fact from fiction.*

- [Multi-chain DAI-lights - 13 de Enero de 2022](https://forum.makerdao.com/t/multi-chain-dai-lights-13-de-enero-de-2022/12647)
    - *Multi-Chain Dai-lights has come to the Latin American subforum!*

_[Check out the latest Forum at a Glance](https://forum.makerdao.com/tag/forum-at-a-glance)_

### Articles

- [Tether Freezes Over $150M+ Worth Of USDT Stablecoin](https://cfxmagazine.com/tether-freezes-over-150m-worth-of-usdt-stablecoin/)
- [Maker Foundation’s Full Decentralization](https://www.globallegalchronicle.com/maker-foundations-full-decentralization/)
  - *An article touching on the steps the DAO has taken towards decentralization, from dissolution to the establishment of the Cayman Islands LLP.*

## 📆 Meetings and Events

### Last Week’s Call Recordings

- Governance and Risk Call #174
  - [Video](https://www.youtube.com/watch?v=TYjzRyEWaRk) | [Summary](https://forum.makerdao.com/t/governance-and-risk-174-thursday-january-13-17-00-utc/12577/3)

- MakerDAO | A 2021 Recap
    - [Video](https://www.youtube.com/watch?v=eL-G1bhW16g)

### This Week’s Calls

#### Governance & Risk

- [Join Link](https://zoom.us/j/697074715) | [Agenda](https://forum.makerdao.com/c/governance/gnr/8) - Thursdays at 16:00 UTC 

#### Core Unit Launch Pod Sessions

- Session #23 | Maker Talent Core Unit - *Jan 19 @ 6PM UTC*
  - [Join Link](https://us02web.zoom.us/j/82942773725?pwd=eWxBUXRZWHJsUEZ1QUF4U082SHYwUT09) | [Forum Post](https://forum.makerdao.com/t/core-unit-launch-pod-sessions-session-23-maker-talent-core-unit/12596) 

#### ISCU Special Sessions

- ISCU Special Sessions | MIP64 (Bug Bounty Program) - Jan 20, 4PM UTC
  - [Join Link](meet.google.com/awy-pkwn-sws) | [Forum Post](https://forum.makerdao.com/t/mip64-bug-bounty-program-for-makerdao-critical-infrastructure/12096)

#### Core Unit Office Hours

- [Join Link](https://us02web.zoom.us/j/82603350722?pwd=RThleVo5QlBRT1FuOWxiRCs3K0k2Zz09) | GovAlpha - Mondays 17:00 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/7091120339?pwd=ek9XQWV0c0FJSCt2MHcwWmpWYkd3UT09) | Content Production - Wednesdays 15:30 UTC
- [Join Link](https://meet.google.com/sap-nttu-xga) | Growth - Wednesdays 17:00 UTC
- [Join Link](https://us02web.zoom.us/j/85252786103?pwd=bEZaZXdEcGlSWWd5bmpxMDBvVjdEUT09) | Sustainable Ecosystem Scaling - Tuesdays 15:30 UTC
- [Join Link](https://meet.google.com/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.

[Public Call Calender](https://calendar.google.com/calendar/u/0?cid=bWFrZXJkYW8uY29tXzNlZmhtMmdoaXBrc2VnbDAwOWt0bmlvbWRrQGdyb3VwLmNhbGVuZGFyLmdvb2dsZS5jb20) | [Public 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 purely for information and communication purposes only.*