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# System prepended metadata

title: 'G&R #125 Snippet'
tags: [Snippets]

---

---
tags: Snippets
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# G&R #125 Snippet

Domain team updates, introduction to Core Operational Unit model, VaR modeling, active discussions and more. All the updates from MakerDAO Governance and Risk Call #125 in this `snippet` 

Out of schedule executing of Monday that passed and increased [ETH-A and WBTC-A Debt Ceilings](https://vote.makerdao.com/executive/increase-eth-a-and-wbtc-a-debt-ceilings?network=mainnet#proposal-detail). Check out [Governance at a Glance](https://forum.makerdao.com/t/governance-at-a-glance-january-14-21-2021/6145) for more updates from the forum.

## Team Updates


### Smart Contracts

- Engaging with auditors for Liquidations 2.0 has been fruitful, squashing bugs with all hands on deck.
- Working with @equivrel on the code for [MIP21 (RWA)](https://forum.makerdao.com/t/mip21-real-world-assets-off-chain-asset-backed-lender/3917).
- Community executive this week led by @hexonaut.

### Oracle

- Deployed new Uniswap LP oracle
- Work with audit firm [ABDK](https://abdk.consulting/) has been going well.
- Oracle assessment for centrifuge going live later today and going up for polling vote on Monday.
- 17 oracles in pipeline [link text](https:// "title")
- Subproposal to [whitelist Instadapp/Gelato Automation contract for ETH/USD Oracle Access](https://forum.makerdao.com/t/mip10c9-sp26-subproposal-to-whitelist-instadapp-gelato-automation-contract-for-eth-usd-oracle-access/5901)
- A little MIP foreshadowing but a proposal is in the works to remove some of the MIPs process, especially for whitelisting.
    - Oracle team already evaluates these contracts for privacy, so the price can't get hacked. We've also never rejected whitelisting as a community.
    - Removing permissions however, that should not be in Oracle domain authority.

### Risk

- Published risk eval for [MIP30 Farmable cUSDC Adapter (CropJoin)](https://forum.makerdao.com/t/farmable-cusdc-adapter-cropjoin-collateral-risk-evaluation/6134/)
- Looking into different risk paramaters for the LP tokens desired by the community
- Evaluating the Instant Access Module for Debt Ceilings (IAM-DC) for all vaults and do not feel it will be appropriate for PSMs


### RWA

- Talking to many groups who wish to borrow from Maker, currently sending them through [MIP21](https://forum.makerdao.com/t/mip21-real-world-assets-off-chain-asset-backed-lender/3917) and [MIP22](https://forum.makerdao.com/t/mip22-centrifuge-direct-liquidation-module/3930) due to the oracle need for collateralizing RWA being demanding at the moment.

### Operations and Community Development

- A beta program from data services, recieve historical data on MCD Vaults, if you want to participate, details are in the [forum post](https://forum.makerdao.com/t/beta-program-for-vault-tracker-api/5732).
- PSM UI is out now, [its 🔥 !](https://forum.makerdao.com/t/psm-webapp-a-maker-community-project/6129) 

### Collateral Onboarding

- Collateral Onboarding Call #24 with Harbor Trade Credit [notes and replay](https://forum.makerdao.com/t/collateral-onboarding-call-24-harbor-trade-credit-wednesday-january-20-18-00-utc/6064).
- Join us on Collateral Onboarding Call #25 with [Lido](https://lido.fi/) - [Wednesday, January 27 18:00 UTC](https://forum.makerdao.com/t/collateral-onboarding-call-25-lido-wednesday-january-27-18-00-utc/6135)

### Core Operating Unit Model

- [Know your MIP call Monday](https://forum.makerdao.com/t/know-your-mip-kym-03-the-core-operating-unit-model-monday-jan-25-2021-at-20-00-utc/6146) Jan. 25  hosted by @prose11 and @juan at 20:00 UTC
- Read more about the [Core Operating Model](https://forum.makerdao.com/t/road-to-dao-the-core-unit-operating-model/6105/25)
- @iammeeoh put together a [video explaining it](https://www.dropbox.com/s/u6i4dre4txgpa92/2021-01-20%2020-17-22.mkv) further as a reply on the forums.
- Discuss more in Rocket Chat [#core-unit-operating-model-onboarding](https://chat.makerdao.com/channel/core-unit-operating-model-onboarding)

### MIPs

![Process Image](https://i.imgur.com/PygFU66.png)
- @Davidutro set up a handy visual to see where we are in the MIPs.
- Bundled Executive vote goes live Monday Jan 25
- Many new proposals are in [RFC phase this week!](https://forum.makerdao.com/c/MIPs/rfc/15)
- Greenlight polls are still active, [vote!](https://vote.makerdao.com/polling?network=mainnet)

## Other Presentations and Updates

- Look to MakerDAO's Youtube to see a stellar presentation by @Andy_McCall about Value at Risk Calculations in the Maker Portfolio (VaR).

## Peg

- Triple digits closer to the peg. VWAP is 1.00099.
- We crossed a billion in Dai traded this week. 


