---
tags: Forum at a Glance
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# Forum at a Glance: May 26 - June 01, 2022


Welcome to the one-stop-shop for a TL;DR on everything discussed on the MakerDAO forum.

###### Online PDF Version available [here.](https://pdfhost.io/v/znOPjhGzb_Forum_at_a_Glance_May_26_June_01_2022)

*Links reflect our views of the most noteworthy activities in the governance, risk, and oracles categories. Disagree? Think something should be added? Leave a reply or send a PM.*

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

1. Maker co-founder @rune [posted](https://forum.makerdao.com/t/the-endgame-plan-parts-1-2/15456) the first two parts of an upcoming comprehensive document explaining his Endgame Plan for improving and solidifying Maker governance.
2. SES shared an [overview](https://forum.makerdao.com/t/should-maker-manage-sustainability-what-topics-will-be-most-relevant-to-future-proof-the-dao/15504) of their work with Dr. Julian Frede assessing critical environmental, social, and governance risks and opportunities for Maker.
3. A very popular [discussion post](https://forum.makerdao.com/t/discussion-capital-raise/15448) invites forum members to share their opinion on the capital raise proposed by the RWA and Growth Core Units to fund further protocol development and DAI market expansion

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**[No Executive Proposal - 2022-06-01](https://forum.makerdao.com/t/no-executive-proposal-2022-06-01/15386)**

<details><summary>GovAlpha announces their decision with Protocol Engineering to skip the upcoming Executive Vote of July 1st, 2022. This is due to a lack of proposals or items requiring inclusion in the next Executive Vote. GovAlpha will still post weekly polls next week, with a number expected to go live on Monday, May 30th.</summary><br>

July 8th, 2022, will continue with the regular Executive Vote cadence.

</details></br>

**[Mhonkasalo & teemulau Delegate Platform](https://forum.makerdao.com/t/mhonkasalo-teemulau-delegate-platform/15473)**

**[Meet Your Delegate #13 - mhonkasalo & teemulau and ChicagoDAO](https://forum.makerdao.com/t/meet-your-delegate-13-mhonkasalo-teemulau-and-chicagodao/15481)**

<details><summary>mhonkasalo & teemulau, long-time crypto investors who have been involved in the DeFi world for several years, have published their delegate platform.</summary><br>

@mhonkasalo runs a popular [Twitter account](https://twitter.com/mhonkasalo) and has been a member of the research team at The Block and the investment team at ParaFi Capital. @teemulau has experience organizing Slush, a large global tech event, and experience working in finance and operations positions at startups.

mhonkasalo & teemulau have two primary values and initiatives.

**Helping MakerDAO craft a growth strategy**

mhonkasalo & teemulau believe DAI will become increasingly B2B, creating an opportunity for MakerDAO to become a wholesale DAO-to-DAO lender for any DeFi protocol that distributes DAI.

**Supporting a scalable DAO model**

In particular, mhonkasalo & teemulau aim to help address the following concerns:

* Maker governance needs more active delegates with enough weight to impact the overall results and drive new initiatives that don’t necessarily originate from Maker core team members.
* Core Units aren’t always aligned with the interests of MKR holders. Establishing trust between MKR holders and Core Units is key going forward.
* Maker is currently unprofitable. This doesn’t necessarily mean that resources should be cut, but now is a good opportunity for further analysis to ensure that goals to help Maker scale are being prioritized correctly.

You can learn more about mhonkasalo & teemulau and ChicagoDAO at [Meet Your Delegate #13](https://forum.makerdao.com/t/meet-your-delegate-13-mhonkasalo-teemulau-and-chicagodao/15481), which will be taking place on June 8 at 5:30 pm UTC.

[Google Calendar Event](https://calendar.google.com/event?action=TEMPLATE&tmeid=M3NtajA2MmFoOTFrY2ZtaW1lbm8wdmNldnQgbWFrZXJkYW8uY29tXzNlZmhtMmdoaXBrc2VnbDAwOWt0bmlvbWRrQGc&tmsrc=makerdao.com_3efhm2ghipksegl009ktniomdk%40group.calendar.google.com)

[Zoom Meeting Link](https://us02web.zoom.us/j/85268917264?pwd=YmRTbkZlSGRnZmMvakJ4b3JIcDJMZz09)
Meeting ID: 852 6891 7264
Passcode: 312807

</details></br>

**[Amended MIP40: Important Information for Core Units](https://forum.makerdao.com/t/amended-mip40-important-information-for-core-units/15450)**

In the latest development in the ongoing discussion about Core Unit budgeting, [MIP40](https://mips.makerdao.com/mips/details/MIP40) defines a framework for managing and modifying Core Unit budgets and has been amended with several substantial changes.

Some primary changes include:

* **Budget Submission Windows**: Budget Submission Windows is a new aspect of Core Unit budgets outlined by MIP40. Budget requests can only be submitted quarterly in March, June, September, and November.
* **Budget Start and End Dates**: Budgets now have a maximum duration of 12 months and cannot start later than three months after being formally submitted.
* **Budget Composition**: Budget requests are now required to provide more specific details

For a more in-depth overview, check out Monday's [Weekly Relay](https://forum.makerdao.com/t/weekly-relay-may-24-30-2022/15488).

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**[The Endgame Plan parts 1&2](https://forum.makerdao.com/t/the-endgame-plan-parts-1-2/15456)**

MakerDAO co-founder @rune posted a comprehensive overview of his Endgame Plan, a heavily discussed topic on the forums since it was [introduced](https://forum.makerdao.com/t/the-endgame-plan-call-thursday-5pm-cest-everyone-welcome/15263) two weeks ago. This post contains the first two sections of a full document to be released in the future.

<details><summary>The Endgame Plan is an initiative for completely revamping Maker governance to eventually establish a "predetermined, immutable end state" that is truly decentralized.</summary><br>

Some of the shorter-term goals of the Endgame Plan include:

- Quickly launching a synthetic ETH product that allows Maker to tap into the Ethereum Merge
- Incubating a fully-fledged, economically sustainable DAO with significant synergy with Maker
- Yield farming the new DAO token to DAI and allowing ETH vault and MKR holders to participate in governance
- The farming rewards mean this will immediately drive governance participation and help address voter apathy and centralization of governance
- Establishing stronger norms and codes of conduct for governance participants, creating a check on the power of Delegates and Core Units

<details><summary>Read About Part 1</summary><br>

Part 1 of the post includes a discussion and explanation of a large array of topics, including:

**MetaDAOs, the primary tool of the Endgame Plan**

MetaDAOs will establish dynamics that fit better into a decentralized and transparent ecosystem. They will also allow Maker to measure the value and potential in the ecosystem and the workforce by wrapping tokens around them, then boosting that potential value by seeding a community through the distribution of the tokens.




</details><br>

<details><summary>Read About Part 2</summary><br>

Part 2 of the post, "Endgame Plan Launch," goes into some specifics surrounding details on how MetaDAOs will work in practice and how the launch will be conducted.



The post concludes by outlining the benefits of implementing the Endgame Plan for Maker stakeholders and Maker governance and growth:





</details><br>
</details></br>

**[Should Maker Manage Sustainability? What Topics Will Be Most Relevant to Future-Proof the DAO](https://forum.makerdao.com/t/should-maker-manage-sustainability-what-topics-will-be-most-relevant-to-future-proof-the-dao/15504)**

The Sustainable Ecosystem Scaling Core Unit (SES) partnered with sustainability and impact management expert Dr. Julian Frede to assess key environmental, social, and governance (ESG) risks and opportunities for Maker. SES and Dr. Frede produced a [report](https://drive.google.com/file/d/1kn2Su9Bmo-chOnB-ZhMWlu3EI47bO_zQ/view?usp=sharing) exploring their findings.

<details><summary>The team settled on two key questions regarding MakerDAO's relationship to sustainability, which they define in this post as "meeting the needs of the present without compromising the ability of future generations to meet their own needs":</summary><br>


Dr. Frede shared his findings in an interview with members of SES.

https://www.youtube.com/watch?v=MM6Cnlr_DGc

The report summarizes approaches to answering a series of important questions, including:

- ****Mapping topics on Maker:**** Where are the risks and opportunities in the sector?
- Identifying categories of sustainability topics related to Maker:
1. **CO2 footprint**: Managing the major KPI on climate change
2. **Cyber ecosystem** risks and developments: Keeping the combination of first-mover and best practices; digital trust is a key element of this category
3. **Financial inclusion**: Understanding and promoting the benefits of the Maker customer base to create an inclusive platform for economic empowerment for everyone
4. **Talent & people**: Remaining the employer of choice
5. **Regulation**: Understanding the reasons for regulation and engaging with governments and regulators
6. **Strategy and processes**: Using scientific governance and data-driven management to identify and manage key sustainability topics
7. **Community**: Fostering Maker's engagement with the global community

Dr. Frede also included in his report a sketch of potential next steps on Maker's road to sustainability:


</details></br>

**[MakerDAO: Long-term Growth Strategy for the Future of DeFi](https://forum.makerdao.com/t/makerdao-long-term-growth-strategy-for-the-future-of-defi/15457)**

<details><summary>Several contributors published a forum post outlining their views, continuing the ongoing discussion regarding Maker's overall growth strategy.</summary><br>

The authors believe that Maker's core is the asset base of the protocol. Today, however, this base is not being used to its full potential. It needs to be "invested conservatively but managed productively."


To grow the surplus buffer to a level where it is capable of absorbing risk when Maker needs it to, the post proposes three "pillars of growth":

1. Becoming the first programmatic lender in the emerging DeFi money markets through D3Ms and institutional vaults
2. Becoming the stablecoin of reference for retail users in a multi-chain universe through MCD on Layer 2s/multi-chain and an in-house Maker Teleport system that connects the ecosystem with DAI as the base currency
3. Establishing real-world organic demand, laying the decentralized financial rails that connect crypto and the real world

Building these pillars will require us to:

1. Invest our assets productively, in accordance with prudent liquidity management
2. Scale our surplus buffer quickly and programmatically, in line with new growth
3. Become the wholesale lender of choice for crypto and the real world alike

<details><summary>Further Details</summary><br>

The [full post](https://forum.makerdao.com/t/makerdao-long-term-growth-strategy-for-the-future-of-defi/15457) goes into detail regarding ways to achieve these goals, including:







</details><br>
</details></br>

**[[Discussion] Capital Raise](https://forum.makerdao.com/t/discussion-capital-raise/15448)**

<details><summary>In this post, @Tosh9.0 asks: "Are you for or against the token offering/capital raise pushed by RWA and Growth to fund further protocol development and Dai market expansion?"</summary><br>

This thread was forked from a [Signal Request](https://forum.makerdao.com/t/mip74-permissionless-open-market-operations/15095) post regarding a trial run MIP74: Permissionless Open Market Operations, which defines the process used to agree on and enact permissionless open market operations with funds controlled by MakerDAO.

Since being posted three days ago, this discussion post has attracted more than 60 comments.

@luca_pro, a supporter of the capital raise, made several points clarifying their position:


Maker co-founder @rune dropped in to voice his concerns:


Discussion is ongoing and focused; [contribute your thoughts](https://forum.makerdao.com/t/discussion-capital-raise/15448/65) if this topic interests you.

**[[Informal Poll] Require 2/3 approval to issue MKR or debt](https://forum.makerdao.com/t/informal-poll-require-2-3-approval-to-issue-mkr-or-debt/15427)**

In the interest of encouraging Maker contributors seeking to raise money to address issues raised by critics, this poll asks:

1. That any vote authorizing the sale of MKR requires a 2/3 majority to pass
2. That any vote authorizing the sale of debt, debt-like tokens, or any form of "giving yield" requires a 2/3 majority to pass
3. MKR vesting, flap auctions, DSR, Deco CU, and any other programs already authorized today are excluded from this requirement
4. If passed, the effect expires after six months

**Pros**

- Ensures money is only raised if a substantial percentage of the community is willing to commit to and accept the costs, which also lowers the chances of reneging on obligations
- Still allows for raising money if needed

**Cons**

- Makes it harder to raise money for the next six months

</details></br>

---

‘Yo, do you even signal?’

**[Deploy a Trial Permissionless Open Market Operation & Resurrect the Burn](https://forum.makerdao.com/t/signal-request-deploy-a-trial-permissionless-open-market-operation-resurrect-the-burn/15381)**

@rema submits a signal request replacing the previous Signal by Andrew Burban to [restart the burn](https://forum.makerdao.com/t/signal-request-restart-the-burn-v2/14918). This Signal is a trial of the new [MIP74: Permissionless Open Market Operations](https://forum.makerdao.com/t/mip74-permissionless-open-market-operations/15095), which defines the process used to agree and enact permissionless open market operations with funds controlled by MakerDAO. It will now be tested for effectiveness through this Signal Request.

The Risk Core Unit believes that confronted with a potential crypto winter and global economic recession, it now is crucial for the MakerDAO community to reach a consensus about what to do regarding the surplus buffer. Their solution involves maintaining a sustainable surplus buffer higher than the current level to support risk mitigation and growth while burning a relatively small amount of the surplus buffer to clarify that "burning still is, and will remain, an integral part of MakerDAO and our community."

**The vote will run until June 9th, 2022**

<details><summary>Here are the current voting results:</summary><br>


</details></br>

**[Incoming Velodrome Airdrop on Optimism - \$VELO veNFT](https://forum.makerdao.com/t/poll-incoming-velodrome-airdrop-on-optimism-velo-venft/15371)**

Velodrome is an AMM modeled on Solidly and designed to be a public good that provides deep liquidity and low slippage to token pairs. MakerDAO is eligible to receive an [airdrop](https://twitter.com/VelodromeFi/status/1529549901239050240) of veNFT equivalent to 1% of the initial voting power for the new Velodrome protocol launching on Optimism on May 31st.

>The veNFT will allow MakerDAO to direct emissions to the liquidity pools of their choosing, increasing the liquidity of the chosen pairs and receiving all trading fees and bribes for those pools...Strategic Finance believes that Velodrome could be a significant contender for amassing DAI liquidity on Optimism.

The Velodrome team requested to initially manage the veNFT on MakerDAO’s behalf until their DAO is ready to manage it. They proposed both DAI/USDC and DAI/OP pairs for launch to ensure emissions are high enough to attract adequate liquidity. In response, Aes is asking the community the following questions:
- Should MakerDAO incentivize the pairs recommended by the Velodrome team?
- Should MakerDAO transfer veNFT to a Governance-owned multi-sig using MIP47?
- What should MakerDAO do with the trading fees?

More information on Velodrome can be found on their [Medium](https://medium.com/@VelodromeFi).

**The vote will run until June 9th, 2022**

<details><summary>Here are the current voting results:</summary><br>




</details></br>

**[Request Minting of new MKR Tokens to Replace MKR Tokens Inadvertently Sent to MKR Token Address (Burned)](https://forum.makerdao.com/t/signal-request-request-minting-of-new-mkr-tokens-to-replace-mkr-tokens-inadvertantly-sent-to-mkr-token-address-burned/15369)**

wingstick_99942 inadvertently sent 3.1994 MKR to the MKR Governance Address and submitted a follow-up Signal Request in hopes of successfully requesting an exact number of new MKR tokens to be minted and returned to the sender's address since the existing tokens are inaccessible.

**The vote will run until June 8th, 2022**

<details><summary>Here are the current voting results:</summary></br>


</details></br>

**[Update dust limit analysis](https://forum.makerdao.com/t/signal-request-update-dust-limit-analysis/15547)**

Recognized Delegate, JustinCase, introduces and defines the `dust` parameter. Additionally, he illuminates that the last time dust parameters were changed was back in December '21, and gas prices have fallen substantially since then.

In preparation for market sentiment returning to normal, JustinCase asks the community whether `dust` limits should be prioritized again for optimization. Doing this would:
- Give us a fresh evaluation and know that risks are adequately accounted for.
- Allow us to make vaults more accessible.

**The vote will run until June 15th, 2022**

<details><summary>Here are the current voting results:</summary></br>


</details></br>

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‘Oh my god, this is taking ages; why can’t things be simple?’

<details><summary><i>Click here for a list of current initiatives:</i></summary><br>

[Maker Operational Manual](https://forum.makerdao.com/t/announcing-maker-operational-manual/12553) - @GovAlpha-Core-Unit release the launch of the Maker Operational Manual and invite all members and Core Units to reach out if they wish to provide any help or documentation to add for the Manual.

[Recognised 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/10076/2) 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. *If anybody has additional information on unique hiring practices or job listings, please comment on the thread.*

[:mega: 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://forum.makerdao.com/t/collateral-status-index/2231) - Confused about the current status of the various collateral types discussed recently? Check out this post 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 welcome and introductions thread. Not strictly governance, but if anyone new or old wants to introduce themselves, now is your chance!

</details>

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‘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).

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*Please, check out the [Forum at a Glance feedback survey](https://survey.sogosurvey.com/r/qTb1p7) to help us improve and scale these reviews - It will be fun, I promise.*

Credit: @nothsa and @Artem_Gordon