---
# System prepended metadata

title: 'Weekly Relay: February 14th, 2022'
tags: [Weekly Relay]

---

---
tags: Weekly Relay
---

# Weekly Relay: February 14th, 2022

![](https://i.imgur.com/6TgNjZp.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._

> The public PDF version is available [here.](https://pdfhost.io/v/NxfzPGyx9_Weekly_Relay__February_8_14_2022)

🍵 Current Events

🗳️ This Week in Governance

🤿 Community Deep Dai-ve 

📆 Mark your Calendar

⚓ Useful Links

🎙️ Have Feedback?

## 🍵 Current Events

### ETHDenver Preparation

[ETHDenver](https://www.ethdenver.com/) is here! Many Core Units, delegates, and community members will be attending. @gov-comms-core-unit is working in collaboration with various MakerDAO folks on a [shared document](https://docs.google.com/spreadsheets/d/1bF6SMpF3oYpAgKdufcjatjGVrKR2hNDmRLzjyC89x1U/edit?usp=sharing) to track events, talks, people, and other resources.

So far, we believe members from the Protocol Engineering, Sustainable Ecosystem Scaling, Growth, Collateral Engineering Services, and GovAlpha teams will be in attendance!

### DAI Total Supply Hits 10B; Meme Challenge!

We did it: [The Dai total supply has surpassed 10 billion!](https://forum.makerdao.com/t/10-000-000-000-dai-reached/13106)

For this special occasion, @makerburn has announced an opportunity to win an [exclusive one-of-a-kind NFT](https://makerburn.com/#/moments/7) commemorating the 10B DAI Makerburn moment. Throughout the next two weeks, everyone is invited to submit their best meme to accompany this glorious moment, and multiple entries per user are allowed (but no spamming!). The meme with the most likes will claim victory and ownership of the exclusive NFT. Good luck!

*The competition will close on [date=2022-02-22 time=17:00:00 timezone="Europe/Oslo"]* 

## 🗳️ This Week in Governance

### Maker Improvement Proposals (MIPs)

[Weekly MIPs Update #74](https://forum.makerdao.com/t/weekly-mips-update-74/13234)

![](https://i.imgur.com/H2Xr3Lp.png)

Ratification Polls open today!

Request for Comments and final submission dates for reference and existing proposals can be viewed [on our new proposal tracker (WIP)](https://docs.google.com/spreadsheets/d/1OHZa-f4C2Z8PteZBb1Mfiz-MJn5Ky_PM15mM1QLgIRY/)!

Ratification Polls for the February Governance Cycle are now up: Go make your voice heard!

If you have any questions about the voting process at MakerDAO, [this](https://manual.makerdao.com/governance/voting-in-makerdao/practical-guide-voting) manual might be useful.

### Executive Vote

There will be no executive votes until February 25th, 2022, due to [ETHDenver.](https://www.ethdenver.com/) GovAlpha will be running non-executive polls, as usual. There should be plenty of items to bundle together when executive proposals resume on February 25th. Reach out to GovAlpha for any inquiries or concerns.

Check out this [announcement](https://forum.makerdao.com/t/planned-executive-proposal-update/13149) for more information.

### Active Governance Polls

| Poll Name | Vote | Discussion |
| :-------- | :--: | :--------: |
| Increase the PSM-GUSD Debt Ceiling | [Vote](https://vote.makerdao.com/polling/QmWPYU9c?network=mainnet) | [Discussion](https://forum.makerdao.com/t/signal-request-raise-gemini-dollar-gusd-psm-debt-ceiling-to-60-million-dai/12961) |
| Ratification Poll for Facilitator Onboarding to DUX-001 - 0xdeniz (MIP41c4-SP32) | [Vote](https://vote.makerdao.com/polling/QmR3DeK2?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip41c4-sp32-facilitator-onboarding-to-dux-001-0xdeniz/12559) |
| Ratification Poll for Modify Core Unit Budget, RISK-001 (MIP40c3-SP56) | [Vote](https://vote.makerdao.com/polling/Qmb6o8ua?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp56-modify-core-unit-budget-risk-001/12587) |
| Ratification Poll for Modify Core Unit Budget - Collateral Engineering Services, CES-001 (MIP40c3-SP57) | [Vote](https://vote.makerdao.com/polling/Qmb6o8ua?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp57-modify-core-unit-budget-collateral-engineering-services-ces-001/12578) |
| Ratification Poll for MIP55 Amendments (MIP4c2-SP16) | [Vote](https://vote.makerdao.com/polling/QmTRMFXz?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp57-modify-core-unit-budget-collateral-engineering-services-ces-001/12578) |
| Ratification Poll for Modify Core Unit Budget, Immunefi Security (IS-001) (MIP40c3-SP58) | [Vote](https://vote.makerdao.com/polling/QmaBYzea?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp58-modify-core-unit-budget-immunefi-security-core-unit-budget-is-001/12598) |
| Ratification Poll for Onboard/Amend Keeper Network - Tech-Ops (MIP63c4-SP1) | [Vote](https://vote.makerdao.com/polling/QmbsvbsA?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip63c4-sp1-onboard-amend-keeper-network-tech-ops/12739) |
| Ratification Poll for Onboarding the Maker Talent Core Unit (MT-001) | [Vote](https://vote.makerdao.com/polling/QmTKSjCM?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip39c2-sp28-adding-maker-talent-core-unit-mt-001/12075) |
| Ratification Poll for Intangible Asset Assignment (MIP60) | [Vote](https://vote.makerdao.com/polling/QmWDna6r?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip60-intangible-asset-assignment/10319) |

*Check out [February 7th's](https://forum.makerdao.com/t/weekly-relay-february-1-7-2022/13103) issue of Weekly Relay for more information on the most recently concluded polls.* 

### Community Greenlight Polls

There are currently no community greenlight polls on-chain.

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

### Active Signal Requests

**[MakerMan Retroactive Delegate Comp](https://forum.makerdao.com/t/signal-request-makerman-retroactive-delegate-comp/13051)**
*Signal Request Ends February 18th*
The [Recognised Delegate Compensation Trial Performance Modifier](https://vote.makerdao.com/polling/QmbKaHAv?network=mainnet#poll-detail) poll passed, which led to compensation calculation changes for December. However, one delegate, @MakerMan, received no compensation for November and would have received 8,245 DAI if the new compensation model had been in place. In response to this event, @prose11 has submitted a signal request asking the community whether the protocol should pay MakerMan the 8,245 DAI for his Recognized Delegate duties in November, calculated based on the December formula change.

**[Fund Ambassadors Program Pilot](https://forum.makerdao.com/t/signal-request-fund-ambassadors-program-pilot/13199)**
*Signal Request Ends February 25th*
The Ambassador Program, which provides non-English-speaking communities with resources and educational materials, had its funding disrupted by the [offboarding of MKT-001.](https://vote.makerdao.com/polling/QmYk1XN5?network=mainnet#poll-detail) @Kat took the initiative to spearhead the Program without the attachment of a Core Unit and is seeking 25,000 DAI to complete the pilot and associated projects over the next three months. She is asking the community whether MakerDAO should fund the Ambassador Pilot Program.

**[Allocate 20M to protocol owned Uniswap V2 MKR/DAI LP](https://forum.makerdao.com/t/signal-request-allocate-20m-to-protocol-owned-uniswap-v2-mkr-dai-lp/13150)**
*Signal Request Ends March 3rd*
In response to a recent discussion, @psychonaut believes the simplest method for improving MKR liquidity is to add protocol-owned Dai/MKR LP shares to UniV2. He asks the community whether Maker should allocate 20M to a protocol-owned UniV2 MKR/Dai LP and presents his argument that the pros outweigh the cons:

>Pros:
>-   Simple
>-   No need to wait on sweeping tokenomic redesigns that have had difficulty finding consensus (e.g., [Sagittarius Engine](https://forum.makerdao.com/t/sagittarius-engine/10852), [gbMKR](https://forum.makerdao.com/t/signal-request-gbmkr-a-proposal-to-benefit-long-term-mkr-holders/12756), etc.)
>-   Mostly orthogonal to MKR [flap auctions](https://manual.makerdao.com/parameter-index/surplus-auction)
>-   Helps identify a minimum and maximum MKR price for both flap and flop auctions
>-   Automatically buys low, sells high and captures the spread
>-   Obtains some return on otherwise idle capital sitting in the surplus buffer
>-   Extremely gas efficient (i.e., set up and forget about it)
>
>Cons:
>-   Potentially interferes with the ability to raise lots of DAI from MKR sales
>-   Trading strategy is practically opposite to [flop auctions](https://manual.makerdao.com/parameter-index/debt-auction)

**[Bring back the MKR burn Part II](https://forum.makerdao.com/t/signal-request-bring-back-the-mkr-burn-part-ii/13146)**
*Signal Request Ends March 4th*
@ultraschuppi states that the recent executive vote to temporarily disable Surplus Auctions and MKR burn had intentions to return to the [original `lerp` mechanic.](https://vote.makerdao.com/polling/QmUqfZRv?network=mainnet#poll-detail) However, an on-chain poll added the Rate Limiter to the Flapper Module. 

In response, Schuppi asks the community whether the protocol should return to the previous partial burning configuration as agreed in November, but with the following conditions:

-   The [Rate Limiter](https://forum.makerdao.com/t/rate-limited-flapper/13056) has been installed on mainnet; this will take a couple of weeks.
-   An [initial configuration](https://forum.makerdao.com/t/rate-limited-flapper/13056#next-step-setting-lid-3) for the Rate Limiter has been set.

## 🤿 Community Deep Dai-ve

### Tweet of the Week 😎

https://twitter.com/MakerDAO/status/1491081189758844933?s=20&t=YpVNZZdlMO1BD1oKwnsuEg

### Forum Insight 

**[Maker Operational Manual - Spanish version](https://forum.makerdao.com/t/maker-operational-manual-spanish-version/13233)**
Thanks to @GovAlpha-Core-Unit, in collaboration with the Ambassador Program, the [Maker Operational Manual](https://manual.makerdao.com/) is now available in [Spanish](https://manual.makerdao.com/v/mom-spanish/)! All sections have been translated except for the Parameters and Modules indexes, which will be available soon.

_Also, check out the latest [Forum at a Glance](https://forum.makerdao.com/tag/forum-at-a-glance) post for additional forum insights._

### Articles

> - *[MakerDAO launches biggest ever bug bounty with $10M reward](https://cointelegraph.com/news/makerdao-launches-biggest-ever-bug-bounty-with-10m-reward)*
    - "MakerDAO announced that it will begin offering a maximum of $10 million bounty to white hat hackers and cybersecurity specialists who point out legitimate security threats in its smart contracts... which is the largest ever on the bug bounty platform Immunefi."

## 📆 Meetings and Events

### Last Week's Call Recordings

- Governance and Risk Call #178
  - [Forum](https://forum.makerdao.com/t/governance-and-risk-178-thursday-february-10-17-00-utc/13136) | [Video](https://www.youtube.com/watch?v=rHIQFRdqa1M)
-  Issue Discussion Call #4 | Core Unit and Facilitator Offboarding
    -  [Forum](https://forum.makerdao.com/t/issue-discussion-call-4-core-unit-and-facilitator-offboarding/12985) | [Video](https://www.youtube.com/watch?v=Mkbf6xD6BzM&t=1s)

#### 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 Governance Q&As - Mondays 17:00 UTC
- [Join Link](meet.google.com/frj-vpji-huc) | Immunefi Security - Tuesdays 00:00 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/85252786103?pwd=bEZaZXdEcGlSWWd5bmpxMDBvVjdEUT09) | Sustainable Ecosystem Scaling - Tuesdays 15:30 UTC
- [Join Link](https://meet.google.com/sap-nttu-xga) | Growth - Wednesdays 17:00 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.

[Call Calender](https://calendar.google.com/calendar/u/0?cid=bWFrZXJkYW8uY29tXzNlZmhtMmdoaXBrc2VnbDAwOWt0bmlvbWRrQGdyb3VwLmNhbGVuZGFyLmdvb2dsZS5jb20) | [Votes & Event Calendar](https://calendar.google.com/calendar/embed?src=bdf4un05hpg0611lg3ieue4t3c%40group.calendar.google.com&ctz=America%2FNew_York)
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 for information and communication purposes only.*