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tags: [Forum at a Glance]

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tags: Forum at a Glance
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![](upload://b5d5JdWkxhUeJP4WBNkx3gJcOZW.jpeg)

Welcome to the one-stop shop for everything discussed on the MakerDAO forum.

*Summaries reflect our views of the most meaningful activities in MakerDAO. Disagree? Think something should be added? Leave a reply or send a PM.*

*Authors: @nothsa and @Artem_Gordon* 

###### Online PDF Version available [here.](https://pdfhost.io/v/4gMaU18Hf_Forum_at_a_Glance_September_1_7_2022)

---
## Three-Point Summary

‘What is the most relevant information on the forums this week for MKR and Dai holders?’

**1.** A [new MIP](https://forum.makerdao.com/t/mipxx-coinbase-usdc-institutional-rewards/17703) seeks to move 33% (~1.6B) of our PSM's USDC to Coinbase Prime to take advantage of their USDC Institutional Rewards program.
**2.** @LongForWisdom has been steadily updating his [Endgame Index List](https://forum.makerdao.com/t/endgame-index-list/16021), making it easier than ever to catch up on the latest developments.
**3.** @divine_economy [makes the case](https://forum.makerdao.com/t/using-jokerdao-for-soft-consensus-in-governance/17673) for using the JokeDAO governance framework as a strategy to improve Maker governance, a proposal that has been met with enthusiasm by some prominent Governance contributors.

---
## News and Announcements

##### Governance and Delegation ▼

> [**2022-09-07 Executive Inclusion Update - CRVV1ETHSTETH-A Maximum DC**](https://forum.makerdao.com/t/2022-09-07-executive-inclusion-update-crvv1ethsteth-a-maximum-debt-ceiling/17628)

Due to the relative complexity of the `crop-join` module, the Protocol Engineering Core Unit had yesterday's Executive Vote limit the increase in the CRVV1ETHSTETH-A Maximum Debt Ceiling to 20M DAI instead of the 50 million DAI [initially recommended](https://forum.makerdao.com/t/parameter-changes-proposal-ppg-omc-001-25-august-2022/17448) by the MakerDAO Open Market Committee and [approved](https://vote.makerdao.com/polling/QmXHnn2u#vote-breakdown) by an on-chain vote.

> [**Poll Update - Collateral Name Clarification - GAMMA UNI-V3-WBTC-RENBTC**](https://forum.makerdao.com/t/poll-update-collateral-name-clarification-gamma-uni-v3-wbtc-renbtc/17700)

An active Greenlight, [MIP6 Collateral Onboarding Application](https://forum.makerdao.com/t/uni-v3-wbtc-renbtc-mip6-collateral-onboarding-application/15635), has been updated in light of an asset labeling error pointed out by @PaperImperium.

> [**Delegate Office Hours #10 - Includes poll for discussion topic**](https://forum.makerdao.com/t/delegate-office-hours-10-includes-poll-for-discussion-topic/17743)

Delegate Office Hours will take place at the usual time of 4 PM on Thursday, September 8. Potential discussion topics include:

![image|690x552, 75%](upload://qsmTmPIf2QQtX25tnCtZ6MaNF87.png)

When: Thursdays: 4 PM UTC

Join Zoom
https://us02web.zoom.us/j/88286550832?pwd=dWQzQi9tYlNyemJJS2Nrd2NUdTBoZz09

Meeting ID: 882 8655 0832
Passcode: 690611

> [**The Schuppi and ElPro MakerDAO Delegate :beers:**](https://forum.makerdao.com/t/eth-warsaw-weekend-musings-the-schuppi-and-elpro-makerdao-delegate/17649)

Did you miss out on ETH Warsaw? Do not worry because @schuppi and @ElProgreso joined forces once again to share a well-produced video covering their time at [ETH Warsaw](https://www.ethwarsaw.dev/) in Poland.

On the agenda:

![image|623x307, 75%](upload://3pXw0WwJdyrcHadWNhctIPQIEJN.png)

https://www.youtube.com/watch?v=eGiPG5ypgPc

##### Core Unit Budgets ▼

> [**Consolidated Budget Worksheet**](https://forum.makerdao.com/t/consolidated-budget-worksheet/17629)

On the heels of [recent discussion](https://forum.makerdao.com/t/signal-request-n6m-target-spend-level/17122) about Maker's overall Target Spend Level, @pipko of the Strategic Finance Core Unit shared a [simple worksheet](https://docs.google.com/spreadsheets/d/1xo6IOw3Evmx7KGwfx9FFgsiXPmGhbCZorX_zk3KeTxE/edit#gid=1882213801) for MKR holders, Delegates, and community members to model potential changes to each Core Unit budget as part of the budget reduction process.

Details:

![](upload://2MdjxFaS6wKVrRaEfWGijTYboXI.png)

##### Endgame ▼

> [*This Week's* **Endgame DVC Calls Cancelled**](https://forum.makerdao.com/t/endgame-dvc-calls-this-week-are-cancelled/17762)

@rune announced that this week's Endgame Decentralized Voter Committee calls for Wednesday and Thursday have been canceled to allow him more time to focus on producing materials and attend other meetings. As usual, he intends to post additional content before continuing the DVC calls next week.

---
## Active Discussions

> [**MIPXX Coinbase USDC Institutional Rewards**](https://forum.makerdao.com/t/mipxx-coinbase-usdc-institutional-rewards/17703)

This MIP will onboard 33% of our PSM's USDC (~1.6B) to Coinbase Prime and allow them to participate in Coinbase's USDC Institutional Rewards program.

"This MIP outlines a clear path to providing up to 1.5% APY on USDC in the form of USDC Rewards and optimizing liquidity at zero cost to, and industry-leading security for, Maker."

With a little bit of quick maths, the estimated APY reward will be $24M. 

> [**Using JokeDAO for Soft Consensus in Governance**](https://forum.makerdao.com/t/using-jokerdao-for-soft-consensus-in-governance/17673)

This post by @divine_economy drives the case for using [JokeDAO](https://www.jokedao.io/)'s community-first governance framework to "build soft consensus" at MakerDAO with the goals of:

-   Formalizing community ideas and preferences
-   Enabling builders to develop proposals that are most in line with the community's vision
-   Letting the community submit alternate versions of proposals to build consensus around the best version
-   Generating greater consensus and alignment around proposals

To bolster their point, divine_economy explores three use cases where the JokeDAO methodology might be fruitfully applied, namely:

1. Pulse Checks and Prioritization Framework
2. Building Community Initiatives
3. Submitting Alternate Versions of Proposals

*Check out this [Delegate Office Hours](https://www.youtube.com/watch?v=Ci9B6n5vavo) for additional discussion on the topic between Recognized Delegates and some governance heads.*

> [**Sharing insights: Governance Learning Forum**](https://forum.makerdao.com/t/sharing-insights-governance-learning-forum-2022/17662)

DUX Core Unit Facilitator @0xdeniz shared what he learned from [Governance Learning Forum 2022](https://glf.digital/), an event bringing together more than 100 DAO governance thinkers and builders. This detailed post outlines several interesting concepts 0xdeniz picked up at the event, such as:

* Foundational agreements in organizational design
    * Constitution-like foundational agreements, consisting of principles laid out and approved by the community, serve as an organization’s operating system.
* The waterline mental model
    * Governance decisions should be triaged according to whether they make changes "above the waterline"—reversible changes that justify a more experimental approach—or below it, meaning the changes are irreversible and may result in irreparable damage.
* The circle model
    * The circle model is a kind of organizational map defining different roles, teams, and mandates within the organization

![image|690x492, 75%](upload://8zj4nHJBWrWrquB7uZHR19dbL6n.jpeg)

> [**Project-Based Budgeting Revisited**](https://forum.makerdao.com/t/project-based-budgeting-revisited/17650)

@Noliquidityxbt made a post-re-opening the [discussion](https://forum.makerdao.com/t/project-based-budgeting/17121) about project-based budgeting and how it could help mitigate some potential drawbacks related to Core Units [doing work](https://forum.makerdao.com/t/discussion-sf-and-its-involvement-with-lido-steth/17585) for other DAOs.

> [**Is DAI Credit or a Currency?**](https://forum.makerdao.com/t/informal-poll-is-dai-credit-or-a-currency/17624)

This poll by @SebVentures asks the community its opinion on whether DAI should be viewed as credit or as a currency. So far, a majority of voters believe DAI is actually credit, but half of them would prefer to see DAI working as a currency.

![image|652x598, 75%](upload://30gmCrDpZAOENW8uD0GG96KE6yD.png)

> [**Endgame Index List | Updated!**](https://forum.makerdao.com/t/endgame-index-list/16021/8)

@LongForWisdom's Endgame Index List, which compiles different Endgame-related posts and recordings in one place for easy access, has been updated!

New docs include a summary of EndgameV3 Overview and individual summaries of important Endgame concepts, including:

-   **[Unbiased Currency Stances](https://forum.makerdao.com/t/endgame-v3-unbiased-currency-stances-lod-summary/17587)**
-   **[Collateral Categories](https://forum.makerdao.com/t/endgame-v3-collateral-categories-lod-summary/17616)**
-   **[Active Dai Supply/Demand Levers](https://forum.makerdao.com/t/endgame-v3-active-dai-supply-demand-levers-lod-summary/17617)**
-   **[MakerCore Governance Roles](https://forum.makerdao.com/t/endgame-v3-makercore-governance-roles-lod-summary/17618)**
-   **[MetaDAOs](https://forum.makerdao.com/t/endgame-v3-metadaos-lod-summary/17621)**
-   **[Scopes](https://forum.makerdao.com/t/endgame-v3-scopes-lod-summary/17686)**
-   **[Pregame Products](https://forum.makerdao.com/t/endgame-v3-pregame-products-lod-summary/17687)**

---
## Seeking Consensus

‘Yo, do you even signal?’

> [**Changing USDC-PSM fees**](https://forum.makerdao.com/t/signal-request-changing-usdc-psm-fees/17304)

*<span style="color:blue">Given the level of interest and discussion surrounding this proposal, GovAlpha, along with consultation with Schuppi, agreed to extend its voting period until Friday, September 9.*</span>

As USDC-PSMs continue to operate without fees, @ultraschuppi expresses his concerns. Setting Stability Fees to 0% has been signaled in October 2021 to encourage vault holders to mint DAI from crypto collateral, but it has not helped the stablecoin ratio, instead cutting deeper into our revenues. However, if we were to soft-peg to USD, vault holders might have an opportunity to achieve arbitrage gains, increasing their utilization. 

In response, ultraschuppi proposes to increase both the 'tin' and the 'tout' on the USDC-PSM and asks the community what BPs these parameters should be set at.

##### Signal Expires on **September 9th.**

###### Current Vote Breakdown:
![image|690x709, 75%](upload://maH8gAqceAqHPqUZSZ30DjOvKjH.jpeg)

![image|690x701, 75%](upload://tvp9msmPQW9W0InNhFNXSHN4UXQ.jpeg)

> [**Create a Multi-sig to manage the $VELO veNFT**](https://forum.makerdao.com/t/signal-request-create-a-multi-sig-to-manage-the-velo-venft/17777)

A poll to [Manage Velodrome Airdrops and veNFT](https://vote.makerdao.com/polling/QmQD5mao#poll-detail) passed on June 16, 2022. Aes from Strategic Finance met with Brianmcmichael from PE as well as the Velodrome Finance team to understand the best way for us to manage veNFT in a decentralized way; A multi-sig was determined to be the best solution for managing the airdrop.

Aes requests four trusted community members to volunteer as signers for a MIP47 compliant multi-sig to vote MakerDAO’s veNFT on Velodrome Finance.

##### Signal Expires on September 21st**

###### Current Vote Breakdown:
![image|690x279, 75%](upload://3NkWUd7TVTtCHIWnSlEHssqL50R.jpeg)

-----
## Ongoing Initiatives

‘Oh my god, this is taking ages; why can’t things be simple?’

[Maker Operational Manual](https://manual.makerdao.com/) - GovAlpha Core Unit releases the launch of the Maker Operational Manual and invites all members and Core Units to reach out if they wish to provide any help or documentation to add to the Manual.

[Recognized Delegate Requirements](https://forum.makerdao.com/t/recognised-delegate-requirements/9421) - LongForWisdom writes a detailed overview of the current requirements and application system to become a delegate in the Maker community. Check out this [thread](https://forum.makerdao.com/search?expanded=true&q=%40LongForWisdom%20%23governance%3Adelegates) for more posts related to delegation.

[Where to Find Opportunities at MakerDAO](https://forum.makerdao.com/t/where-to-find-opportunities-at-makerdao/10076) and [Open positions at MakerDAO](https://forum.makerdao.com/t/open-positions-at-makerdao/12197) - Looking for job opportunities at MakerDAO? Perfect! Davidutro and manomad set up individual threads containing resources to help find available job listings and hiring practices. *Please comment on the thread if anybody has additional information on unique hiring practices or job listings.*

[Collateral Calls - Calling all Projects!](https://forum.makerdao.com/t/collateral-calls-calling-all-projects/3715) - Juan sets up a signup thread for projects wishing to present on the bi-weekly collateral call. Know any potential collateral partners that want to present? Refer them here.

[Collateral Status Index](https://docs.google.com/spreadsheets/d/1PDf_CzhGa7mLuOUfX6Bz3WrnCjDRhIjmu-vDZMMw4Qc/edit#gid=1077340672) - Confused about the current status of the various collateral types discussed recently? Check out this sheet to determine the status and current position within the onboarding process.

[Weekly MIPs Updates](https://forum.makerdao.com/tag/mips-update) - blimpa brings the latest updates in MIPs.

[The Official Welcome Thread](https://forum.makerdao.com/t/the-official-welcome-thread/771/4) - A thread for welcomes and introductions. Not strictly governance, but if anyone new or old wants to introduce themselves, now is your chance!

-----
## Help Wanted

‘Oh %#\$?, we need a doodad, and we need it now.’

> We could always use help reviewing [MIPs in the Request for Comment phase](https://forum.makerdao.com/tag/rfc).