---
# System prepended metadata

title: 'Forum at a Glance | July 14 - 20, 2022'
tags: [Forum at a Glance]

---

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tags: Forum at a Glance
---

# Forum at a Glance | July 14 - 20, 2022

![](https://i.imgur.com/DTEa3fx.png)

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.*

###### Online PDF Version available [here.](https://pdfhost.io/v/qwg6eMvEq_Forum_at_a_Glance_July_12_18_2022)

Authors: @nothsa, @alec, and @artem_gordon

---
## Three-Point Summary

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

**1.** @lyt's [in-depth look](https://forum.makerdao.com/t/mkr-token-decentralization-views/16617) into the MKR token provide several metrics surrounding governance that point to increasing levels of decentralization. That said, the study also found that it currently only takes the three largest entities to dominate a given vote. 
**2.** The Growth Core Unit's [recent update](https://forum.makerdao.com/t/growth-update-north-america/16702) explores a framework to continue expanding DAI's market share with a proposed shift from unsecured or undercollateralized loans to more traditional lending structures. 
**3.** Given the degree of collaboration between MakerDAO and StarkNet, StarkNet's upcoming [token launch](https://forum.makerdao.com/t/starknet-token-launch-request-for-support/16585) may include a substantial allocation to MakerDAO.

---
## News and Announcements

###### Governance & Delegation ▼

> **[MIP65 Clydesdale / Governance Framework & Setup](https://forum.makerdao.com/t/mip65-clydesdale-governance-framework-setup/16565)**

Monetalis has developed a governance framework and setup details for [Clydesdale](https://forum.makerdao.com/t/mip65-monetalis-clydesdale-liquid-bond-strategy-execution/13148), which aims to onboard an RWA Vault to acquire USDC via the PSM and invest it in liquid bond strategies.

![](https://i.imgur.com/remX0S7.png)

> **[Fire Drill Postmortem & Informal Poll](https://forum.makerdao.com/t/fire-drill-postmortem-informal-poll/16677)**

@psychonaut provides a postmortem on the recent "fire drill" meant to test the Governance response to a proposed malicious spell. The proposal, posted on Friday, July 8th, received an 89.8k MKR response in a 48-hour window.

> **[The Schuppi and ElPro Delegate Happy Hour – Episode 1](https://forum.makerdao.com/t/the-schuppi-and-elpro-delegate-happy-hour-episode-1/16604)**
> **[The Schuppi and ElPro Delegate Happy Hour at EthCC – Paris 2022, Episode 2](https://forum.makerdao.com/t/the-schuppi-and-elpro-delegate-happy-hour-at-ethcc-paris-2022-episode-2/16720)**

@ElProgreso and @ultraschuppi catalyzed a brand new MakerDAO delegate show with a bubbly twist. The show is an effort to gather the minds at Maker, enjoy a nice cold beer, and discuss governance happenings. The first two episodes are already up!

> **[Delegate Office Hours #3 - Includes poll for discussion topic](https://forum.makerdao.com/t/delegate-office-hours-3-includes-poll-for-discussion-topic/16723)**

The poll for next week's topic of discussion was very recently posted, but "Setting MakerDAO priorities" currently leads at 38% of total votes.

![](https://i.imgur.com/OICQTI2.png)

> **[Announcement: Delegate Migration](https://forum.makerdao.com/t/announcement-delegate-migration/16603)**

Delegate contracts are nearing expiry, which requires action from delegates and their delegators. Expired delegate contracts are no longer able to participate in Maker governance, so those delegates and their delegators will need to migrate. The post includes migration steps for both delegates and delegators.

> **[Delegate Round-up - June 2022](https://forum.makerdao.com/t/delegate-round-up-june-2022/16570)**

@Patrick_J provides an updated overview of the current Recognized Delegate landscape. June saw nineteen Governance Polls and four Executive Votes, as well as the addition of @ChrisBlec, mhonkasalo & teemulau, ChicagoDAO, Governance House, and London Business School as Recognized Delegates.

###### Core Unit Updates ▼

> **[Deco Q2, 2022 Forum Update](https://forum.makerdao.com/t/deco-q2-2022-forum-update/16628)**

Deco has had a successful Q2 and met its benchmarks. Additionally, they began developing a post-launch feature extension roadmap, which they would appreciate some community feedback on. Throughout Q3 of 2022, Deco will be targeting a test deployment and issuance from dss-gate and claim-fee-maker, as well as making additional progress on UI development.

> **[Unified Auctions UI Release v1.6.0 - July 15th 2022](https://forum.makerdao.com/t/unified-auctions-ui-release-v1-6-0-july-15th-2022/16627)** 

10% of all collateral types and offboarding auctions during 2022 were taken through SAS products. Additionally, the Unified Auctions UI saw a total of 3055 unique visitors since April 2022; June 13th auctions peaked at ~90 concurrent auctions without a hitch.

> **[Collateral Status Index (CSI) Update 2022-07-14](https://forum.makerdao.com/t/collateral-status-index-csi-update-2022-07-14/16620)**

CES provides us with the latest in collateral application status, prioritized collateral, collateral work in progress (WIP), and active collateral.

> **[Growth Update: North America](https://forum.makerdao.com/t/growth-update-north-america/16702)**

Growth's latest update holds a treasure trove of information on the various strategies and initiatives being utilized to expand DAI's market presence and further build brand image.

*Topics covered include:*

* *Frameworks for potential arrangements with lending platforms like Maple, TrueFi, and Goldfinch with the aim of utilizing these platforms' ability to identify quality borrowers and manage DAI loans. The proposed framework sees a shift from unsecured or undercollateralized loans to a more traditional structure.*
* *Dai growth across myriad L1 and L2 networks.*
* *An overview of the current competitive and regulatory landscape.*

###### Real World Assets ▼

> **[Collateral Onboarding Call #46 | Pando Investment Grade Climate Assets](https://forum.makerdao.com/t/collateral-onboarding-call-46-pando-investment-grade-climate-assets/16639)**

[Pando Climate Co.](https://www.pandoclimate.co/) recently published a [MIP6 application](https://forum.makerdao.com/t/mip6-pando-investment-grade-climate-assets-collateral-onboarding/16394) introducing "rated solar loans" from Mosaic Solar, Inc. as collateral in the Maker Protocol. The application initially requests a \$220 million debt ceiling.

###### Grants ▼

> **[Call for grant applications - the relationship between DAOs and their intangible assets and IP](https://forum.makerdao.com/t/call-for-grant-applications-the-relationship-between-daos-and-their-intangible-assets-and-ip/16709)**

The Dai Foundation is requesting grant applications for papers analyzing the different ways DAOs manage intangible assets and intellectual property. The grant amount is up to 15,000 DAI, and multiple grants may be issued.

###### Other News and Updates ▼

> **[Dai-Lights Reunion Tour](https://forum.makerdao.com/t/dai-lights-reunion-tour/16636)**

@alec returns! He brings us the newest release of Dai-Lights, which covers L2s, ZKs, EVMs, and more.

> **[DeFi Safety to present a Security Framework for DeFi protocols](https://forum.makerdao.com/t/defi-safety-to-present-a-security-framework-for-defi-protocols/16590)**

Tune in for a presentation and Q&A from DeFi Safety on its latest security framework for DeFi protocols.

![](https://makerdao-forum-backup.s3.dualstack.us-east-1.amazonaws.com/optimized/3X/9/4/944412295bc50804b50dfe7664170eba6b98f4f1_2_690x387.jpeg)

> **[SourceCred Bi-Weekly Happenings #10](https://forum.makerdao.com/t/sourcecred-bi-weekly-happenings-10/16685)**

@TheExistence provides a detailed look into the SourceCred data from the last two weeks. Per the report, Latin America has been the most active category in that timeframe.

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

---
## Active Discussions

> **[Endgame Plan Part 5: Endgame Product Roadmap - Pregame and Early Game](https://forum.makerdao.com/t/endgame-plan-part-5-endgame-product-roadmap-pregame-and-early-game/16670)**

Part 5 of @rune's Endgame Plan is the first to focus on the Endgame Plan Product Roadmap: the complete list of all products and features that will be contained in Maker Core once the immutable Endgame state is reached.

![](https://i.imgur.com/4gWX7OB.png)

> **[StarkNet Token Launch & Request for Support](https://forum.makerdao.com/t/starknet-token-launch-request-for-support/16585)**

With the upcoming launch of StarkNet's [native token](https://link.medium.com/MQBR8uMSDrb), @DooNam asked if part of the project's grant and collaboration allocation will be distributed to MakerDAO, which has spent a significant amount of funds on collaborating with StarkNet.

@louismerkle of the StarkNet Engineering Core Unit dr@lyt provided a well-illustrated analysis of how decentralized the MKR token really is. opped in to let us know that the foundation tasked with distributing the token will be finalized within the next six months, at which time he'll report back.

> **[MakerDAO <> Hats.Finance - Protocol and community-funded Bug Bounties](https://forum.makerdao.com/t/makerdao-hats-finance-protocol-and-community-funded-bug-bounties/16663)**

[Hats.Finance](https://hats.finance) made a post presenting their "decentralized smart contract bug bounty program" protocol. The team proposes using the Surplus Buffer to seed the initial bounty with DAI and allowing community members to add liquidity in exchange for rewards.

> **[MIP65 Sub-project: Tokenization / Community Feedback Request](https://forum.makerdao.com/t/mip65-sub-project-tokenization-community-feedback-request/16692)**

Part of the plan for MIP65: Clydesdale includes investing 250M DAI in two BlackRock/iShares ETF short-term US Treasuries products. In this post, @AllanPedersen asks for feedback on the idea of including securitization and tokenization of the underlying ETF products, providing a second layer of security and getting MakerDAO's foot in the door as an active participant in regulated security trading markets in both Europe and the US.

> **[[Informal Poll] Long-Term Stablecoin Competitive Advantage](https://forum.makerdao.com/t/informal-poll-long-term-stablecoin-competitive-advantage/16672)**

Arguing that stablecoins, like bank deposits, will be commoditized due to various regulation-related and technological factors, this poll asks what value proposition differentiates DAI from other stablecoins in a post-commoditized-stablecoin world.

![](https://i.imgur.com/H7YUcQy.png)

> **[Request: Scientific risk calculation of entrusting protocol-owned funds to 3rd party multisigs](https://forum.makerdao.com/t/request-scientific-risk-calculation-of-entrusting-protocol-owned-funds-to-3rd-party-multisigs/16714)**

@ChrisBlec calls for a risk calculation regarding entrusting MKR holders' funds to various L2 blockchains, sidechains, and dapps that are secured by third-party multisig wallets, a move he views as "reckless" given these wallets' "unknowable and unprovable" security profiles.

> **[MKR Token Decentralization Views](https://forum.makerdao.com/t/mkr-token-decentralization-views/16617)**

@lyt provided a well-illustrated analysis of how decentralized the MKR token really is. Different metrics yield different conclusions, but some of the highlights include:

* The number of possible effective voters (defined as MKR holders with at least 1 token) has decreased since April 2021 but is in a long-term uptrend
* The current Gini coefficient of the MKR distribution is 96.75, representing high inequality
* While the voting power of the single largest holder has been declining, it still takes just three entities to dominate a vote

![](https://i.imgur.com/Vk9LCBJ.png)

The post closes with a poll on whether MKR decentralization reports should be posted on a regular basis and, if so, with what frequency.

> **[Scaling with clarity](https://forum.makerdao.com/t/scaling-with-clarity/16576)**

@ClausClowes shared an idea for implementing an "information digestion system" to better manage the amount of information DAO members are responsible for keeping up to date on. The idea involves the creation of the "Moogle" role, in which impartial correspondents in charge of a particular area of the DAO serve as the go-to source for information on their chosen area.

> **[“Code is Law” vs. “Bankruptcy Law is Law”](https://forum.makerdao.com/t/code-is-law-vs-bankruptcy-law-is-law/16669)**

In this post, @christiancdpetersen explains how the US Bankruptcy Code’s “automatic stay” provision pushes back against the well-known "Code is Law" maxim often espoused in the crypto world. This provision prohibits "any act to obtain possession of property of the estate or the property from the estate or to exercise control over property of the estate," a stipulation that may one day butt heads with MakerDAO's automatic liquidation mechanism.

---
## Seeking Consensus

‘Yo, do you even signal?’

> **[Reset delegation metrics for Hasu](https://forum.makerdao.com/t/signal-request-reset-delegation-metrics-for-hasu/16533)**

Recognized Delegate, Hasu, requests to reset his delegate participation and communication scores presented in the [monthly delegate round up.](https://forum.makerdao.com/t/delegate-round-up-june-2022/16570) Hasu explains that his inability to attend previous votes has made it difficult to recover his score because delegate scores consider the lifetime performance of that delegate. 

This request surfaced lots of attention and mixed feelings; some people agree that Hasu's score should be reset with the hopes that he will improve it. However, other people express that this can set a poor precedent and is unfair to previous delegates who could not participate in delegation due to emergencies and were still unpaid or had their scores hurt. 

A common proposal mentioned throughout the responses is to revaluate delegation metrics and work with GovAlpha to improve on that to help all delegates instead of just one. Prose11 from GovAlpha responded by announcing that they are currently working on defining the delegate role and plan to submit a MIP, which will be posted in the next few weeks.

**This vote ends on July 23, 2022.**

*Current Vote Breakdown:*
![](https://i.imgur.com/DgiIUKV.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.*

[:mega: 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).

> [Calling All Lawyers! Would You Like To Help Contribute?](https://forum.makerdao.com/t/calling-all-lawyers-would-you-like-to-help-contribute/15699)

