---
# System prepended metadata

title: 'Weekly Relay: January 3rd, 2022'
tags: [Weekly Relay]

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tags: Weekly Relay
---

# Weekly Relay: January 3rd, 2022

![](https://i.imgur.com/fsJunrM.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 

📋 Team Updates

📆 Mark your Calendar

⚓ Useful Links

🎙️ Have Feedback?

## 🍵 Current Events

### Real-World Finance forecasts 157.8 million in revenue for MakerDAO in 2022

@Aes of the Real-World Finance Core Unit [provides a forecast](https://forum.makerdao.com/t/makerdao-budget-simulator-11-1-revenue-cash-flow-forecast/12364) of MakerDAO’s 2021 and rolling 12-month revenue based on the prior average over three months of trading fees, six months of liquidations, and current stability fees.

> “We are forecasting to finish 2021 at nearly 13x 2020 FY revenue, the rolling 12-month forecast is even more favorable due to an increase in ETH-A and W-BTC SF rates - if the current market remains stable, we would expect ?$157.8M in revenue next year.”

### Sidestream Auction Services launches Twitter bot to provide auction alerts

The Sidestream Auction Services Core Unit released [Unified Auctions UI v0.4.0](https://forum.makerdao.com/t/unified-auctions-ui-release-v0-4-0-december-24th-2021/12361) over the holiday break, a Twitter bot that Tweets whenever a new auction is kicked off and provides a link to participate in the auction.

If you are interested in staying up-to-date on collateral auctions, give it a follow!

Twitter: [@MakerDAO_SAS](https://twitter.com/MakerDAO_SAS)

### Signal Request proposes increasing `Dust` parameter on several vaults

@monet-supply is [proposing](https://forum.makerdao.com/t/signal-request-adjusting-dust-parameter-lp-token-vaults-2021-5/12313) to increase the `Dust` parameter on several vault types. The proposal is to increase:

- UNIV2DAIETH-A, UNIV2USDCETH-A, and UNIV2WBTCDAI-A to 60,000 DAI
- UNIV2WBTCETH-A and UNIV2UNIETH-A to 25,000 DAI

If you are not familiar, the `Dust` parameter refers to the minimum number of Dai that can be minted using a particular vault type.

The poll runs through Thursday, January 6th, 2022, so get your votes in ASAP!

## 🗳️ This Week in Governance

### MIPs

[Weekly MIPs Update #68](https://forum.makerdao.com/t/weekly-mips-update-68/12460)

![](https://i.imgur.com/Ppd9M54.png)

- January’s Formal Submission Window is Now Open
- The Formal Submission Window is now open and will remain so until and including Wednesday. Proposals that have fulfilled their 28-day Feedback Period and 7-day Frozen Period can be formally submitted into January’s Governance Cycle.
- @blimpa will be reaching out to authors of eligible proposals to learn who is formally submitting them. Alternatively, authors can reply in the [thread](https://forum.makerdao.com/t/weekly-mips-update-68/12460) of the relevant proposal that they are formally submitting.

### Active Executive Votes

Due to the Holiday season, there is currently no active executive vote.

- The next executive vote will go live on Friday, January 7th, 2022. 

### Active Governance Polls

Due to the Holiday season, there are currently no active governance polls.

- Check out the active signal requests (below) for more information on potential upcoming governance polls.

### Community Greenlight Polls

- Due to the Holiday season, there is no new community greenlight polls.

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

### Active Signal Requests

[Adjusting Dust Parameter - LP Token Vaults (2021-5)](https://forum.makerdao.com/t/signal-request-adjusting-dust-parameter-lp-token-vaults-2021-5/12313) - *Signal ends January 6th, 2022* - @monet-supply proposes changes to the `dust` parameter of LP token vaults; He asks the community whether they support increasing the `dust` parameter for the UNIV2DAIETH-A, UNIV2USDCETH-A, and UNIV2WBTCDAI-A to 60,000 DAI and whether they support increasing the `dust` parameter for the UNIV2WBTCETH-A and UNIV2UNIETH-A vaults to 25,000 DAI.

[Maker Accessing Pools of Institutional Loans Through Maple Finance](https://forum.makerdao.com/t/signal-request-maker-accessing-pools-of-institutional-loans-through-maple-finance/12349) - *Signal ends January 7th, 2022* - Maple protocol in consultation with @Growth-Core-Unit and @Real-World-Finance is signaling to onboard a D3M for the creation of a Maple DAI pool. @lucas-manuel asks the community whether Maker should onboard a Maple Finance D3M. His post provides an overview of the pros, cons, and risk mitigation for the proposal.

[Should MakerDAO Assist in recovering DAI locked on Optimism Escrow?](https://forum.makerdao.com/t/signal-request-should-makerdao-assist-in-recovering-dai-locked-on-optimism-escrow/12307) - *Signal ends January 7th, 2022* - As lost funds continue to become a recurring issue for Dai users, @lost_some_dai presents a case where a user accidentally called the `burn` function on DAI.sol on Optimism, burning 10,000,000 DAI. He asks the community whether an executive should manually pull the burnt 10 Million DAI from the Optimism escrow via an executive vote.

## 🤿 Community Deep Dai-ve

### Tweet of the Week

https://twitter.com/adamscochran/status/1473390279701024774

### Forum Insight 

- [Why are you passionate about Maker?](https://forum.makerdao.com/t/why-are-you-passionate-about-maker/12194/23)
    - *@Frank_Brinkkemper ends the year on a high note by reminding us why we are here. If you have not given this thread a read-through, it is worth it.*

- [[Rocking the DeFi Chasm #3] Are DeFi KPI Goals Possible and What if the DAO Airdropped MakerBreaker For Further Decentralization](https://forum.makerdao.com/t/rocking-the-defi-chasm-3-are-defi-kpi-goals-possible-and-what-if-the-dao-airdropped-makerbreaker-for-further-decentralization/12419)
    - *@ElProgreso’s third installment of a series discussing current and trending topics relevant to Maker.*

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

### Articles

- [Crypto Exchanges See $598M Stolen in First Half of December](https://www.crowdfundinsider.com/2021/12/184837-crypto-exchanges-see-598m-stolen-in-first-half-of-december-elliptic/)
    - *Over half a billion USD in assets was stolen from various platforms, both centralized and otherwise, in December. In the case of Singapore-based AscendEX, around $83 million was taken and promptly swapped to DAI.*

- [How to buy crypto dollars and use them with a debit card that returns a percentage of what is spent](https://thesaxon.org/how-to-buy-crypto-dollars-and-use-them-with-a-debit-card-that-returns-a-percentage-of-what-is-spent/117640/)
    - *An article focused on fiat onboarding and crypto savings cards in Latin American, though the Argentine peso is featured.*

- [DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap](https://www.coindesk.com/markets/2021/12/27/defi-traders-push-terras-ust-stablecoin-to-10b-market-cap/)
    - *Per the article: “The Terra blockchain’s fast-growing stablecoin UST, which had surpassed its rival DAI to become the largest decentralized stablecoin, has how attained another milestone: a market capitalization of $10 billion.”*

## 📆 Meetings and Events

### Last Week’s Call Recordings

- Governance and Risk Call #172
  - [Video](https://www.youtube.com/watch?v=qEcUDkCNQB8) | [Summary](https://forum.makerdao.com/t/governance-and-risk-172-thursday-december-16-17-00-utc/12217/3)

### 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 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) | [Invite]()
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.*