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# System prepended metadata

title: 'September 21 - 28, 2022'
tags: [Forum at a Glance]

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tags: Forum at a Glance
---

# September 21 - 28, 2022

![](https://i.imgur.com/rXBU1e4.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.*

*Authors: @nothsa, @alec, and Artem Gordon* 

###### Online PDF Version available [here.](https://pdfhost.io/v/EpI8bW~K7_Forum_at_a_Glance_September_21_28_2022)

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## Three-Point Summary

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

**1.** GovAlpha [**explains**](https://forum.makerdao.com/t/2022-09-28-executive-inclusion-update/18076) the exclusion of plans to onboard Monetalis from this week's Executive Vote.
**2.** Risk [**submits an analysis**](https://forum.makerdao.com/t/impact-analysis-lowering-steth-b-stability-fee-to-0/18122) and presents several reasons to propose lowering stETH-B Stability Fees to 0%. 
**3.** Say hello :wave: and stop by to check out our newest Recognized Delegate, [**RiskDAO**](https://forum.makerdao.com/t/riskdao-delegate-platform/18125)!

---
## News and Announcements

### Governance & Delegation

> [**RiskDAO Delegate Platform**](https://forum.makerdao.com/t/riskdao-delegate-platform/18125)

Please give a warm welcome to our newest Recognized Delegate, [**RiskDAO.**](http://www.riskdao.org/)

Their platform consists of three members of RiskDAO, who support rigorous risk frameworks such as implementing a [**bad debt dashboard**](https://bad-debt.riskdao.org/) that sheds light on risk management practices of major lending protocols. Additionally, they hope to gain hands-on technical knowledge and assistance with the MakerDAO dss system. 

Check out their delegate platform for more information on RiskDAO's core values, delegate and vision statements, and previous contributions to the MakerDAO and DeFi ecosystem.

> [**2022-09-28 Executive - Inclusion Update**](https://forum.makerdao.com/t/2022-09-28-executive-inclusion-update/18076)

In this post, GovAlpha Core Unit Facilitator @prose11 explains a series of changes made to this week's Executive Proposal that was announced during last week's [**Governance & Risk call**](https://youtu.be/T56N0u881M8).

The biggest update was the removal of actions pertaining to onboarding Monetalis. GovAlpha's concerns stemmed from the [**CFTC civil enforcement action**](https://www.cftc.gov/PressRoom/PressReleases/8590-22) against Ooki DAO. This event made the team wary of having a US citizen (@prose11) on the committee, and changing the committee's makeup at the last minute would not have allowed enough time for governance to consider the change before voting. The solution agreed on was to have the Monetalis team observe the Executive spell execution, making the formation of a committee unnecessary.

The second update applies to the Starknet bridge. While a 1 million DAI debt ceiling and 1 Basis Point fee were initially planned to be implemented in the next Executive, the Starknet team has asked Maker to hold off on these adjustments until fast withdrawals are in place. The only change triggered by yesterday's Executive was increasing the Bridge Deposit Limit from 50 to 1,000 DAI.

> [**28th September Executive: Updating the proxy_actions_end_cropper address**](https://forum.makerdao.com/t/28th-september-executive-updating-the-proxy-actions-end-cropper-address/18057)

Yesterday's Executive Proposal updated the chainlog address for the `PROXY_ACTIONS_END_CROPPER`. This change addresses an omission in the emergency shutdown process in the steps required for users to redeem DAI for collateral that uses the Cropper contract.

### Endgame

> [**Endgame Call Wednesdays**](https://forum.makerdao.com/t/endgame-call-wednesdays-9pm-cest-link/18123)

Rune announced that this is the last forum post containing the call link for DVC. Going forward, anyone can watch the [**#meetings**](https://discord.com/channels/893112320329396265/897429535182708777) channel in the Maker Discord or follow the MakerDAO community calendar: [**MakerDAO Calls.**](https://calendar.google.com/calendar/u/0/embed?src=makerdao.com_3efhm2ghipksegl009ktniomdk@group.calendar.google.com&ctz=America/New_York)

Additionally, anyone can join the [**Endgame Discord**](https://discord.gg/BvYahVmxKU) for more notifications.

### Dai Foundation

> [**Makerdao Github Cleanup - Review Core Unit assignments**](https://forum.makerdao.com/t/makerdao-github-cleanup-review-core-unit-assignments/18106)

Dai Foundation Core Unit Facilitator @sorenpeter made a post calling for several Core Units—Starknet Engineering, Sidestream Auction Services, Protocol Engineering, Oracles, GovAlpha, and DUX—to review proposed changes and archiving of MakerDAO GitHub repositories as part of the ongoing [GitHub cleanup initiative](https://forum.makerdao.com/t/classification-and-cleanup-of-the-makerdao-github-request-for-comments/15306).

> **Intangible Assets as Public goods - Questions**

Dai Foundation posted a set of intangible asset documents dedicated to being used as a placeholder for information from the [**Growth,**](https://forum.makerdao.com/t/intangible-assets-as-public-goods-questions-for-growth-core-unit/18138) [**DUX,**](https://forum.makerdao.com/t/intangible-assets-as-public-goods-questions-for-dux-core-unit/18136) and [**RWF-0x**](https://forum.makerdao.com/t/intangible-assets-as-public-goods-questions-for-proposed-rwf-0x-core-unit/18135) teams on whether the asset(s) requested produced by funding from MakerDAO will be made public goods for the DAO.

- The Growth CU has responded to the questions here [[**1**](https://forum.makerdao.com/t/intangible-asset-agreed-modification-of-management-2022-08-23-makerdao-com/17400#questions-for-core-units-about-intangible-assets-for-review-and-comment-8), [**2**](https://forum.makerdao.com/t/intangible-asset-agreed-modification-of-management-2022-08-23-makerdao-linkedin-page/17401#questions-for-core-units-about-intangible-assets-for-review-and-comment-8)] as part of Intangible Asset Agreed Modification of Management requests to take over Content Management of www.makerdao.com and the MakerDAO Linkedin Page.
- To avoid DAO operations being endangered due to asset rights disappearing when a CU/facilitator is offboarded, Dai Foundation has drafted a set of questions to ensure that there is a focus on avoiding that single operators can control important MakerDAO assets and communication channels.

### Other

> [**DeFi DAO Maturity Research Survey Bounty**](https://forum.makerdao.com/t/defi-dao-maturity-research-survey-bounty/18124)

StableNode has been working on various research to understand governance better. They present a [**short survey**](https://app.dework.xyz/defi-daos-maturity-r/main-space-24235?taskId=4cf89077-a9b7-4e1d-92b0-b648791ac5b8) that includes a small bounty.

> [**The SHCU shall fulfill its mandate**](https://forum.makerdao.com/t/the-shcu-shall-fulfill-its-mandate/18075)

As part of the Strategic Happiness Core Unit's mandate to conduct "Bespoke Happiness Airdrops" for eligible recipients—including "doubters and haters"—this tongue-in-cheek post by SHCU Core Facilitator @aburban90 offers a final airdrop to Maker community members who voted in favor of offboarding the CU.

---
## Active Discussions

> [**Will MakerDAO stop vesting MKR to its Core Units? - Drinks w/MakerDAO Delegates**](https://forum.makerdao.com/t/will-makerdao-stop-vesting-mkr-to-its-core-units-drinks-w-makerdao-delegates/18066)

@ElProgreso and @ultraschuppi's continuing video series has become a regular fixture on the MakerDAO forums. In this edition, the duo is joined by Recognized Delegate @rspa, also known as Flipside Crypto, to discuss Governance Polls [**MakerDAO Delegates MIP Set**](https://vote.makerdao.com/polling/QmUvMPe2#vote-breakdown) and [**MKR Compensation for StarkNet Engineering Core Unit**](https://vote.makerdao.com/polling/QmWX6BSA#vote-breakdown). More lighthearted topics include tactics for chopping wood to stay warm for the winter and adventuring through South Carolina!

https://www.youtube.com/watch?v=zfWmt86X1Gc

> [**Drinks w/MakerDAO Delegates Featuring TADEO of Data Insights CU**](https://forum.makerdao.com/t/drinks-w-makerdao-delegates-featuring-tadeo-of-data-insights-cu/18052)

In this episode of Drinks w/MakerDAO Delegates, @ultraschuppi, @ElProgreso, and first-time co-host @rspa are joined by @tadeo to discuss the role of the Data Insights Core Unit, their perspective on the Endgame Plan, new upcoming data tooling for Real World Assets, and more.

https://www.youtube.com/watch?v=HXsjmblXNs0

> [**Avalanche stablecoins analytics - The importance of native tokens**](https://forum.makerdao.com/t/avalanche-stablecoins-analytics-the-importance-of-native-tokens/18053)

In this post, @Marian shares some metrics regarding the rapid growth of stablecoins on the Avalanche smart contract platform.

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

".e" tokens represent tokens coming from the official Avalanche-Ethereum bridge; tokens lacking the ".e" are native tokens minted directly on the Avalanche network.

![](https://i.imgur.com/RNO66Fn.png)

<!-- Alec -->
> [**My Thoughts & Multi-chain Market Musings**](https://forum.makerdao.com/t/my-thoughts-multi-chain-market-musings/18109)

In this edition of Multi-chain Market Musings, @alec shares his thoughts on the importance of finding a balance between extremes, and dives into the revamped roadmaps of up-and-coming competitor protocols. 

> [**Impact Analysis: Lowering stETH-B Stability Fee to 0%**](https://forum.makerdao.com/t/impact-analysis-lowering-steth-b-stability-fee-to-0/18122)

Risk Core Unit submits an impact analysis on our tETH-B vault type, launched in May 2022. 

In response to the analysis, three arguments are presented to propose lowering stETH-B stability fees to 0%. 
- Decrease Maker’s reliance on centralized PSM exposure.
- Increase Maker’s market share of stETH collateral.
- Encourage long-term adoption.

The analysis also answers questions such as:
- How has the stETH total debt per vault type changed since the launch of stETH-B? What about the number of vaults?
- How did debt collateralized by stETH grow compared to overall market trends?
- How much vault exposure migrated from stETH-A to stETH-B since stETH-B’s stability fee was dropped to 0%?
- New users have minted how much stETH-B exposure since the drop in its stability fee?

---
## Seeking Consensus

‘Yo, do you even signal?’

> [**Modify D3M Guidance for MOMC**](https://forum.makerdao.com/t/signal-request-modify-d3m-guidance-for-momc/18069)

A [**signal request**](https://forum.makerdao.com/t/signal-request-d3m-parameters-guidance-for-momc/11898) was polled a year ago to set D3M parameters and MOMC guidance. Given the recent merge and declining stETH risk factors, the Risk CU revisits the MOMC framework to inspect any needed modifications.

Context:
- The `bar` parameter guidance framework is currently highly restrictive against deploying funds into the Aave D3M.
- Aave’s DAI borrow rate is currently at ~2.75%, so a `bar` of 2.8% with existing guidance would not result in any DAI deployed.
- The effective DAI borrow rate calculated with the current formula at Aave is ~0.95%, well below Maker’s ETH-A rate.
- Aave aWETH collateral can be borrowed while Maker ETH vault collateral cannot, which exposes Aave users to tail risk of losing collateral.

One suggestion for the Maker community is to consider modifying the rate comparison calculations, which set the `bar` parameter to exclude yield and liquidity incentives earned on user collateral.

Two suggested poll questions are given as suggested modifications to the rate comparison calculations:

![](https://i.imgur.com/DcNN5UJ.png)

![](https://i.imgur.com/03twYa9.png)

**This signal request will run for two weeks, ending on October 6, 2022.**
*MOMC may include an option in the upcoming parameter changes proposal for October that includes changes to the Aave D3M bar outside previously approved guidance. If such an option is considered, the committee will submit at least one other parameter change proposal option that continues to conform to prior D3M guidance.*

-----
## 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 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).
