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# System prepended metadata

title: 'Forum at a Glance | October 20 - 26, 2022'
tags: [Forum at a Glance]

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tags: Forum at a Glance
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# Forum at a Glance | October 20 - 26, 2022

![](https://i.imgur.com/BYpOozZ.jpg)

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, @alec, and Artem Gordon* 

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## Three-Point Summary

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

**1.** The Risk Core Unit's latest [report](https://forum.makerdao.com/t/impact-analysis-lowering-steth-b-stability-fee-to-0/18122) explores intra-protocol exposure migration between Vaults.
**2.** @rune [proposes](https://forum.makerdao.com/t/fixed-rates-strategies-and-mechanisms-in-the-decentralized-collateral-scope/18529) an implementation of user revenue share and fixed-rate modules as mechanisms for increasing decentralized collateral backing and borrowing.  
**3.** @prose11 shared his [thoughts](https://forum.makerdao.com/t/proposal-idea-utilizing-hats-protocol-erc-1155s/18480) on implementing Hats Protocol to manage permissions in the DAO.

https://youtu.be/m7JQidyg7uU

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## 🗞 News and Announcements

> [**LBS Blockchain - Envoy Proposal Alert Tool**](https://forum.makerdao.com/t/tooling-lbs-blockchain-envoy-proposal-alerter/18500)

Recognized Delegate @park shared a tool called Envoy, developed by their team to help Delegates keep track of new and expiring proposals and Executive Votes.

Delegates and anyone interested in using the tool can join the [Telegram channel](https://t.me/+-Yfdl9AG3wkxYjU0) to receive alerts.

---
## 💬 Active Discussions

> [**Proposal Idea - Utilizing Hats Protocol ERC-1155s**](https://forum.makerdao.com/t/proposal-idea-utilizing-hats-protocol-erc-1155s/18480)

In this post, GovAlpha Core Unit Facilitator @prose11 presents the idea of using Hats Protocol to handle permissions for different DAO contributors and their roles and responsibilities.

As a trial run, he suggests writing a simple MIP to apply Hats to the current Core Unit structure and instituting at least three levels of permissions. He hopes to have a MIP ready for the January Governance cycle if the community supports the idea.

> [**Fixed rates strategies and mechanisms in the Decentralized Collateral Scope**](https://forum.makerdao.com/t/fixed-rates-strategies-and-mechanisms-in-the-decentralized-collateral-scope/18529)

Decentralized collateral backing is achieved through borrower participation, but borrowers are more likely to opt for fixed-rate loans, which makes them an essential resource for Deco and Creator clusters.

Considering this, Rune proposes two incentive mechanisms that will increase the number of borrowers and benefit MetaDAOs that do not offer fixed-rate products.

As a first mechanism, **revenue share bonuses** are offered to users as an incentive:

- Only applicable to Maker Core Vaults that do not support MetaDAO token yield farming.
- A retroactive revenue share is provided for the stability fees earned from such vaults.
    - A vault's duration is used as a measure of creditworthiness.
- MetaDAO and ecosystem actor frontends are eligible for a revenue share opportunity in addition to the standard 25% stability fee revenue share.
- Parameters contain a 10% bonus accrued over one year.
    - <small>*Example 1:* A vault that pays 1,000 DAI in SF over a year generates a 10% bonus + 25% (SF) for the 12 months, resulting in a total of 35% revenue share - 350 DAI.</small>
    - <small>*Example 2:* A vault that pays 500 DAI in SF over six months generates a 5% bonus plus the standard 25% (SF) for the 6 months, resulting in a total of 30% revenue share - 150 DAI.</small>

As a second mechanism, we will have a **fixed-rate module:**

- Regulated through the [Decentralized Collateral Scope Framework.](https://forum.makerdao.com/t/endgame-plan-diagram-of-the-scopes-and-ecosystem/18139)
- Managed by Maker Governance Votes in accordance with advice provided by Decentralized Collateral Core Units.
- Utilizes protocols such as Deco and similar products to target a fixed rates strategy for decentralized assets and their vaults.
- The Decentralized Collateral Core Units will develop a targeted portfolio based on data and frameworks provided by the Stability and Liquidity Scope.

Rune discussed this topic in depth during this week's Decentralized Voter Committee call found [here.](https://www.youtube.com/watch?v=M9WX4QD1yEM)

---
## 📊 Research and Reports

> [**Vault User Research: Intra-Protocol Exposure Migration**](https://forum.makerdao.com/t/vault-user-research-intra-protocol-exposure-migration/18447)

This report from the Risk Core Unit provides a high-level analysis of Vault exposure migration, providing a more general viewpoint than their [previous report](https://forum.makerdao.com/t/impact-analysis-lowering-steth-b-stability-fee-to-0/18122) on migration from stETH-A to stETH-B Vaults.

The key takeaways are:

* Direct migration amounts are relatively low
* All (direct and indirect) migrations are rare and dominated by a few whales
* Low-fee Vault types are becoming increasingly dominant

> [**SourceCred Bi-Weekly Happenings**](https://forum.makerdao.com/t/sourcecred-bi-weekly-happenings-15/18478)

The latest edition of SourceCred Bi-Weekly Happenings is out!

The results of last week's [on-chain vote](https://vote.makerdao.com/polling/QmYNSoyu#vote-breakdown) will stop the funding of contributions with DAI, effective November 1st. GovAlpha will continue the search for alternatives, and the [Proposal Bounties Program](https://forum.makerdao.com/t/off-chain-proposal-bounties-round-up-4/18283) is still up and running.

Over the last three weeks, a total of 4,454 Cred was generated, with 82 new topics created and 706 new posts made.

![](https://i.imgur.com/IGj3Bug.png)

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## 🚦 Signal Requests

### ❗❗ [**A note on Signal Requests**](https://forum.makerdao.com/t/a-note-on-signal-requests/18501)

As a result of the [Endgame Prelaunch MIP Set](https://vote.makerdao.com/polling/QmTmS5Nf#vote-breakdown) passing and the relevant MIP16 [amendment](https://mips.makerdao.com/mips/details/MIP4c2SP27), Signal Requests will no longer be posted to the forum unless a relevant MIP supports them. This will fully effect once the two active signals (below) are finished.

> [**Clear Vaults’ Bad Debt in the MakerDAO protocol**](https://forum.makerdao.com/t/signal-request-clear-vaults-bad-debt-in-the-makerdao-protocol/18376)

This Signal Request gathers sentiment on whether to clear 1.3M DAI of bad Vault debt that has not been liquidated and the best approach in doing so. Options include liquidating the insolvent accounts, burning DAI from the surplus buffer, and repaying the outstanding debt.

This Signal Request ends on October 31st.

Current vote breakdown:
![](https://i.imgur.com/UJHgmMH.png)

![](https://i.imgur.com/zxvUhv0.png)


> [**The SHCU Requests a moment of your time smiling_face_with_three_hearts**](https://forum.makerdao.com/t/signal-request-the-shcu-requests-a-moment-of-your-time/18466)

With the completed offboarding of the Strategic Happiness Core Unit, Andrew Burban vocalizes his concern and desire to help promote Maker and DAI, and spread love to the community.

ETH-Gathering is rumored to have many people attending, and Andrew wants nothing more than to finish with one final hoorah! Beanies, bags, socks, shirts, and more.

His signal request is asking the community for one final transfer of 49,999 DAI to the SHCU Operational Wallet along with a Golden Parachute of 5.21 MKR (the sum represents the pro-rated vest over an additional month and is based on previously approved terms outlined in the SHCU’s onboarding MIPS.)

This signal request ends on October 28th.

Current vote breakdown:
![](https://i.imgur.com/SCTGrRb.png)

## 🏗 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 to 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!

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## 🆘 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).

> Governance Communications Core Unit is looking for an experienced information researcher and writer specializing in DeFi and web3. Please contact @artem_gordon or @davidutro if you have someone in mind!
