---
# System prepended metadata

title: Maker Relay 05
tags: [Maker Relay]

---

---
tags: Maker Relay
---

# Maker Relay 05 

![](https://imgur.com/ZAlih0l.png)

_Hey everyone, thanks for checking out Maker Relay!_

Whether you hold Maker (MKR) or DAI, own a vault, or want to get more involved in MakerDAO governance, this is your one-stop-shop for updates on the MakerDAO ecosystem. 

## Votes

### Executive Votes

- [Monthly Governance Cycle Bundle and ETH-A Debt Ceiling increase](https://vote.makerdao.com/executive-proposal/approve-monthly-governance-cycle-bundle-increase-the-etha-debt-ceiling)
- **Passed** [USDC-A liquidation ratio and approve Gitcoin light feed key](https://vote.makerdao.com/executive-proposal/lower-the-usdca-liquidation-ratio-and-approve-a-new-gitcoin-light-feed-key)

*Quick note for keepers* The current exec will change the `flip`, `flap` and `flop`, so be ready to [update your software](https://github.com/makerdao/auction-keeper/) shortly after the spell is cast. A new version will go live in that repo (including new addresses).



### Governance Polls

#### Meta Parameter Polls

| Poll Name  | Vote                                                                                              | Discussion |
| ---------- | ------------------------------------------------------------------------------------------------- | ---------- |
| Base Rate Adjustment | [Vote](https://vote.makerdao.com/polling-proposal/qmpvqs7gycpjdcpwbye4twvwxuhf4ax2tvt6i1pto5qd2p) |            |
| Adjust the TUSD Debt Ceiling | [Vote](https://vote.makerdao.com/polling-proposal/qmnnipepxuawxjhl1qj82f1nws4gjxdjgdzogrcajcbhj3) | [Signal Request](https://forum.makerdao.com/t/tusd-update-forum-poll-concerns-surrounding-the-tusd-collateral-type/3225) |
| Adjust the WBTC Debt Ceiling |[Vote](https://vote.makerdao.com/polling-proposal/qmuvrtrwglwqwwxisbracfersfj7stfqh5p6fpf7pu1vc9) | [Signal Request](https://forum.makerdao.com/t/3223) | 
| Add dYdX on ETH/USD Oracle | [Vote](https://vote.makerdao.com/polling-proposal/qmvzjogrmxzih4qphszuowutqnm1th4c5mstwqetpv1vnx) | [MIP10c9-SP5 Proposal](https://forum.makerdao.com/t/mip10c9-sp5-proposal-whitelist-dydx-on-ethusd-oracle/3290) |

#### Community Greenlight Polls

The greenlight polls will close on 2020/08/03 at 0400 UTC

| Collateral | MIP9 Poll                                                                                         | MIP6 Application                                                                     |
| ---------- | ------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------ |
| PAX        | [Vote](https://vote.makerdao.com/polling-proposal/qmel3ws4qh7cxuhrappyn4uktisdgq76ftrq6v3symgxvp) | [Application](https://forum.makerdao.com/t/pax-pax-mip6-collateral-application/2785) |
| WIV        | [Vote](https://vote.makerdao.com/polling-proposal/qmtf8yyxfvrxkimw1bfges12qbcmayyjah6l1aemekjqfx) | [Application](https://forum.makerdao.com/t/wiv-mip6c2-application/2807)              |
| EURS | [Vote](https://vote.makerdao.com/polling-proposal/qmbmoybip84fmenvezgheukncfqyvbgj6eddhyizoy82v4) | [Application](https://forum.makerdao.com/t/eurs-stasis-euro-stablecoin/2858) |
| LRC | [Vote](https://vote.makerdao.com/polling-proposal/qmya8cdq5kp3a8y5r6t6svs126j5cpmuqukezfj1krzf5k) | [Application](https://forum.makerdao.com/t/lrc-mip6-collateral-onboarding-application/2935) |
| renBTC | [Vote](https://vote.makerdao.com/polling-proposal/qmrd4txd2kezpdjstfpe3z7n3o964ebqgdrzw2sdbz4ddf) | [Application](https://forum.makerdao.com/t/renbtc-mip6-collateral-application/2971) |
| AMPL | [Vote](https://vote.makerdao.com/polling-proposal/qmbwswhj22sypurivioe5mktshwk4hbyurrj6iklfpdhfe) | [Application](https://forum.makerdao.com/t/ampl-mip6-collateral-onboarding-application/2985) |
| HUSD | [Vote](https://vote.makerdao.com/polling-proposal/qmpjkdvrqmyit2yteljx7s4vlhtwfzyg5gltpfbptjyg4b) | [Application](https://forum.makerdao.com/t/husd-mip6-collateral-onboarding-application/2991) |
| USDT | [Vote](https://vote.makerdao.com/polling-proposal/qmxbmpfdvjwdwyeqjwe6kzthgao7buf2pyk46ehzvux2q7) | [Application](https://forum.makerdao.com/t/usdt-mcd-collateral-onboarding-application/3044) |
| C20 | [Vote](https://vote.makerdao.com/polling-proposal/qmauu79wnbaeaiude2mzscmvr4nnj27yskmqtghmepbzd9) | [Application](https://forum.makerdao.com/t/c20-crypto20-cryptocurrency-index-mip6-collateral-application/3063) |
| BNT | [Vote](https://vote.makerdao.com/polling-proposal/qmwatgmuzzcp3jnrby6vgr2teywnrupnbkgegok9kmdxjg) | [Application](https://forum.makerdao.com/t/bnt-mip6-collateral-onboarding-application/3066) |
| COMP | [Vote](https://vote.makerdao.com/polling-proposal/qmat3vqswbbv9uaxpqz2t6jbdlc18lknwtuwulouk1ryu4) | [Application](https://forum.makerdao.com/t/comp-mip6-collateral-onboarding-compound/3024) |

### MIPs Updates

The Maker Improvement Proposal (MIPs) Framework provides a clear process for Maker governance to change the Protocol as needed.

This is week 4 of the July governance cycle and tomorrow is a [MIP17 working group call](https://us02web.zoom.us/j/84393807424?pwd=eWRZVmUraHV0OUZaNUxwRDN1aUdLdz09). Find more information and the password on [Charles' thread](https://forum.makerdao.com/t/mip17-working-group-community-call/3397).

**Maker Improvement Proposals**
- [MIP16: The Weekly Governance Cycle](https://forum.makerdao.com/t/3008)
- [MIP18: Meta-Parameter Adjustments](https://forum.makerdao.com/t/3118)
- [MIP19: Liquidations System 1.1 Upgrade](https://forum.makerdao.com/t/3098)

**Sub-Proposals**
- [MIP18c4-SP1: Subproposal for Modifying Meta-Parameter Adjustments](https://forum.makerdao.com/t/3119)
- [MIP12c2-SP3: Domain Work Requirements for the Onboarding of MANA](https://forum.makerdao.com/t/3139)

Proposals in the Request-For-Comments phase include:

- [MIP20](https://forum.makerdao.com/t/mip20-target-price-adjustment-module-vox/3196/)

**Learn more about [Maker Improvement Proposals (MIPs)](https://forum.makerdao.com/c/MIPs/14)**

## Working Groups

### Vault Compensation Analysis Team

The group is still looking for more solutions and feedback. @makerman condensed the proposal into three [practical poll parameters](https://forum.makerdao.com/t/maker-vault-compensation-updates-and-status/2583/145):

1. Should compensation group continue to work on this issue? 
    1a. Will governance put up an ongoing bounty for work on this?
1. Allocate Compensation for BT victims: 0M, 1M, 2M, 3M, 4M, 5M DAI.
1. Does MKR want to proceed with any plan and how much funding will it allocate toward a solution?

## State of the Peg

![Peg](https://i.imgur.com/3jRF61V.png)

- DAI peg has come down from recent highs of $1.02. 

![Dai Supply](https://i.imgur.com/uv6lvz6.png)

- $283 million total Dai.
- ETH-A vaults are at 99% utility and the debt ceiling raise is hoping to add breathing room.

![7 Day VWAP](https://i.imgur.com/OKQE7le.png)

- Volume at around $141 million this last week. 
- Average 7 day VWAP price places Dai at $1.019

![24 hour VWAP](https://i.imgur.com/cK4u0KG.png)

- Past 24 hours VWAP is $1.011 with $22 million in volume.


https://daistats.com/#/ | http://dai.descipher.io/ 

## Community

### Features

@SamM added csv export to mkranalytics.com as requested by @andy.mccall. Want to aggregate any historical data that's not already included? Please open an issue in [this repo](https://github.com/BellwoodStudios/maker-business-analytics-website)

### Maker Forum Deep Dai-ve

- [Foundation will not develop the PSM](https://forum.makerdao.com/t/a-word-on-the-psm-concept-and-next-steps-for-the-foundation/3293)
- [Collateral Status Index](https://forum.makerdao.com/t/collateral-status-index/2231)
- [Should MakerDAO/DAI run Simultaneously on another Chain?](https://forum.makerdao.com/t/should-makerdao-dai-run-simultaneously-on-another-chain/3317)
- [Thank you Rich Brown](https://forum.makerdao.com/t/thank-you-rich-brown/3379)

### Social Media

![](https://i.imgur.com/6XBY7g1.png)

- [Real time DeFi dashboard demo](https://twitter.com/ialberquilla/status/1287425812367642628)

## Meetings and Events

### MakerDAO Open Calls

#### Community Call

- Tuesdays at 16:00 UTC | [Crowdcast](https://www.crowdcast.io/e/the-makerdao-community/register)

#### Community Collateral Onboarding

- Wednesdays at 17:50 UTC | [Zoom](https://zoom.us/j/697074715) - Message #governance-and-risk in Maker Chat for password

#### Governance & Risk

- Thursdays at 16:00 UTC | [Zoom](https://zoom.us/j/697074715) 
    - Message [#governance-and-risk](https://chat.makerdao.com/channel/governance-and-risk) for Admission
    - [Agenda](https://forum.makerdao.com/t/agenda-discussion-scientific-governance-and-risk-103-thursday-july-30-4-00-pm-utc/3318) | [Dial-in call link](https://zoom.us/j/697074715) | [Calendar](https://calendar.google.com/calendar/embed?src=makerdao.com_3efhm2ghipksegl009ktniomdk@group.calendar.google.com&ctz=America/Los_Angeles)
    - [Archives](https://community-development.makerdao.com/governance/governance-and-risk-meetings)
    - [Contributing](https://forum.makerdao.com/c/governance/gnr/8)

### Community Events

- Jul 30, 2020	[The DeFi Roundtable: The Path to Decentralization](https://www.eventbrite.co.uk/e/the-defi-roundtable-the-path-to-decentralization-tickets-111841448784)
- Jul 30, 2020	[Governance: What It Means to Blockchain Projects](https://www.airmeet.com/e/e7cc9240-c756-11ea-9bea-3146952c640d)
- Aug 5, 2020 [DeFi Conference 2020](http://bitcoinevents.co.za/deficonf2020/)

### Hackathons

- July 6 - Aug 6 [HackFS](https://hackfs.com/)
- Oct 2-20 [ETHOnline](https://www.ethonline.org/)

## Reference Links

Discuss and debate Maker governance in the [Forum]() and over [Maker Chat](https://chat.makerdao.com/)

Propose technical changes, poll, and vote in the [Governance Portal](https://makerdao.com/en/governance)

Learn more about the Maker protocol in our [Documentation](https://docs.makerdao.com/)

### Have Feedback? 

We value your input! Post in the [forum](https://forum.makerdao.com/), take our [survey](https://forms.gle/Z2QAgywU2Sesm7Vy6), or join us in the [Community-Development](https://chat.makerdao.com/channel/community-development) channel to let us know what you want to see.

*Disclaimer: This update is assembled by a group of contributing members in the MakerDAO community. This should not serve as financial advice or an inducement to vote in any specific way. This update is purely for informative and for communications purposes only.*