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# System prepended metadata

title: 'G&R #146 Snippet'
tags: [Snippets]

---

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tags: Snippets
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# G&R #146 Snippet

Core Unit updates, Collateral Onboarding, active discussions, and more. All the updates from MakerDAO Governance and Risk Call #146 in this `snippet` 

## Team Updates

### Forum

- [Forum at a Glance: June 11 -17, 2021](https://forum.makerdao.com/t/forum-at-a-glance-june-11-17-2021/8822/2)

### GovAlpha

- [GovAlpha Weekly Update](https://forum.makerdao.com/t/govalpha-weekly-update-2021-06-17/8829)
- Monthly Governance Cycle recently changed.
- 3x SushiSwap LP polls, all of which passed.
- Dust parameter, aka debt floor polls both passed.
- This week's executive will:
    - Enable Flash Mint Module
    - Implement Dust Changes
    - Add Sushiswap LP Vault Types (? check me)
- [Onboarding Post](https://forum.makerdao.com/t/help-wanted-govalpha/8811) from GovAlpha is up!

### Protocol Engineering

- Direct Deposit Module in development this week.
- [Flash Mint Module](https://etherscan.io/address/0x1eb4cf3a948e7d72a198fe073ccb8c7a948cd853#code) deployed to Kovan earlier this week.
- Waiting for feedback from delegates about the design of the delegate tech.
- Testing out auctions and rewards for SushiJoin Adapter
- DSSVest work being wrapped up.
- Interfaces repo now has DSS-flash in it.
- Clipper specifics for CropJoin under review.
- Research happening around Oracle price changes, and their effect on certain collateral types.
- Optimism changed their Token Standards, so doing a lot of work looking at L2 bridges - shooting at a moving target with L2's yet to deploy.
- Some team Discussions:
    - Institutional Vaults
    - Scaling with SES
    - Oracle CU Instant Access Module
- [Auction-demo-keeper repository](https://github.com/makerdao/auction-demo-keeper) is maintained as a reference implementation and as a backup keeper for the community.
- Created a permissioned `gemjoin` adapter, which is a Vault type with a permission function built-in.

### Oracles

- Core Unit setup work being done behind the scenes.
- ORA-001 MIP set is up for a Ratification Poll Vote!
- Continuing work on stETH Oracle from Lido, approach undecided.

### Risk

- Mostly occupied with three larger evaluations; stETH, D3M, Polygon collateral evaluation
    - stETH by next week
    - 2-3+ weeks for the other two
- Last week we posted the Sushi related Collateral Evaluations [SLP-SUSHI-ETH](https://forum.makerdao.com/t/slp-sushi-eth-collateral-onboarding-risk-evaluation/8825) and [xSushi](https://forum.makerdao.com/t/xsushi-collateral-onboarding-risk-evaluation/8826)
- [Risk Portal](https://maker.blockanalytica.com) being expanded.

### Real World Finance
 
- New Silver Executive Summary Issue?
	- Two changes that caused an issue, change to overall LTV Ratio, and the additional of riskier loans into the pool
- Public call series, [Focus on #02 with NewSilver](https://forum.makerdao.com/t/focus-on-02-focus-on-new-silver/8817) tomorrow!
- Doing work to prevent unilateral changes in terms without MKR vote.
- Working on onboarding law firms, one Cayman Island-based, two in the US.
    - Expense coming from contingency budget at the moment.
    - 20k per month estimated expense.
- Working on SolarX Cayman Island Trust Structure 
	- Leveraging RWF Team experience to expedite the process.

### Growth

- [Growth CU weekly update: June 11 - June 17](https://forum.makerdao.com/t/growth-cu-weekly-update-june-11-june-17/8831)
- Speaking with El Salvadorian Partners;
    - Crypto adoption is still very early in the country. To impact retail, we need to push educational campaigns for Dai.
    - We are helping partners launch a merchant solution so they can swap crypto into Dai.
- Sovryn bridge went live, accepting DAI from ETH Mainnet or BSC to RSK network using Babelfish protocol and transforming the DAI into XUSD.
- MaoDAO: First Play-to-earn DAO in China, will be using Dai for payments.

### Sustainable Ecosystem Scaling

- Doing a lot of work on the admin side.
- Discussions continue with interesting teams intending to join the incubator.
- Talent CU is live, if you are looking for talent reach out!
- Front-End CU (DUX) had a meeting last week, recording in the public [Gdrive](https://drive.google.com/drive/u/0/folders/1duDWXVsqHSkdYzXPKULP_Er52E9MPCRY).
- Working with PE team on the projects sandbox.
- Yesterday we had GNO on the collateral onboarding call, check out the [recording!](https://youtu.be/LGWkyIx3ejQ)

### Content Production

- [Content Production Bi-Weekly Update: May 27 - June 9, 2021](https://forum.makerdao.com/t/content-production-bi-weekly-update-may-27-june-9-2021/8686/2)
- [[Informal Poll] Marketing Maker](https://forum.makerdao.com/t/informal-poll-marketing-maker/8700)

### MIPs

- [MIPs Update #40](https://forum.makerdao.com/t/weekly-mips-update-40/8759)
 
![](https://i.imgur.com/S484Kkr.png)

## Other Presentations and Updates

- Watch the recording for a discussion about institutional vaults, permissionless access, and thinking through managing large vaults with preferential terms.
