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# System prepended metadata

title: 'G&R #150 Snippet'
tags: [Snippets]

---

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tags: Snippets
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# G&R #150 Snippet

Domain team updates, Collateral Onboarding, active discussions, and more. All the updates from MakerDAO Governance and Risk Call #150 in this `snippet.` 

## Team Updates

### GovAlpha

[GovAlpha Weekly Update](https://forum.makerdao.com/t/govalpha-weekly-update-2021-07-15/9364)

Polls
- Last week's Executive still waiting to pass. 
- Three polls from this week have already passed!

GovAlpha
- Continuing to work on delegation; launch date is August 2nd. Scheduling delegate meetings within the next few weeks.
- Payton [posted](https://forum.makerdao.com/t/sourcecred-onchain-technical-design/9324) a SourceCred onchain technical design.

### Forum

[Forum at a Glance: July 8 - July 15](https://forum.makerdao.com/t/forum-at-a-glance-july-8-15/9362)

### Protocol Engineering

Collateral Evaluation
- [Published](https://forum.makerdao.com/t/steth-erc20-token-smart-contract-technical-assessment/9284) the Staked ETH Technical Evaluation.

Collateral Onboarding
- Centrifuge DROP tokens - working to deploy to Kovan first.
- Mainnet deployment ready for next week.

Sushi LP tokens
- Miscommunication with the Sushi team. The pairs we are interested in are not being moved to MasterChefV2 for at least a few months. So we are going to deploy soon with the current version of MasterChef.
- We’ve therefore updated exchange-callees, ran extra tests and are making updates to dss-crop-join.

Layer 2
- Official [announcement](https://forum.makerdao.com/t/official-dai-bridge-on-optimism/9329/7) of the DAI-Optimism-Bridge.
- Reviewed rely/deny contracts ensuring that the bridge is fully decentralized.
- Next milestones are: Arbitrum, Optimism fast withdrawals, and publishing our L2 Risk framework.

Institutional Vaults
- DssCharter initial implementation: allows administrating a per-vault DC and origination fee.
- Also wrote a new managed-gem-join to support updated join/exit functions.
- Next steps: Risk/Growth/PR discussions.

Testnet
- No objection to Goerli.
- Thanks to Schuppi we have 20k goETH.

FYI, Next Week: EthCC
- Sam, Derek, Bartek, and Kris will be there!
- A variety of meetings planned with StarkWare, Nexo and others.

### Risk

- Published the [D3M Risk Assessment](https://forum.makerdao.com/t/d3m-risk-assessment/9353). Please, read the report, test the module, and provide feedback.
- Began focusing more on other stuff in our backlog, such as simulations for lowering LRs.
- Ongoing work towards proposal around insitutional Vaults.

### Oracles

- Migration of oracle feeds to the new LibP2P architecture is ongoing. Rollout is slow because this is a big change. Everything looks good so far. Will be fully transitioned within 2 weeks.
- Scrutinizing the Dai Fast Withdrawal Bridge. Reviewing and evaluating the trust assumptions and incentives associated with the bridge, and how do they relate to our Oracle assumptions.
- L2 oracles are a huge business opportunity, and we are asking teams if they would be interested in using Maker Oracles there. 
- Published Collateral onboarding [Oracle assessment for MATIC.](https://forum.makerdao.com/t/matic-collateral-onboarding-oracle-assessment-mip10c3-sp39/9287) Will push back on the executive vote until the week of August 6th.
- Still waiting for the current Executive to pass so that the Oracles Core Unit can recieve its initial funding.

### Real World Finance

- Updated budget @aes not public on the Forum yet. If onboarding all proposed CU and assuming constant revenues, we will be making a loss but staying cashflow positive.
- Progress on [Real SPV](https://forum.makerdao.com/t/realdao-spv-concept-work-in-progress/9281), a model based on Moloch.
- Meeting on the NewSilver audit today. Giving us a good battleplan to improve and bring securitization of RWA in DeFi at scale.
- Started on a MIP to formalize relationship with independent directors of the cayman foundation.

### Growth 

[Growth CU weekly update](https://forum.makerdao.com/t/growth-cu-weekly-update-july-9-july-15/9363)
- Having meetings to speak about plans to offboard Vaults of tokens from various projects such as Brave, Loopring, and Decentraland. Waiting to speak with the 0x team.We are willing to consider other things besides profit such as valuable PR.
- In conversation with large institutions regarding using instituional Vaults with Maker. 
- @MarianoD [wrote about](https://forum.makerdao.com/t/signal-request-should-we-delay-the-governance-poll-related-to-adding-pax-gusd-busd-to-psm/8971/9?u=davidutro) the PSM delay update we got from Paxos.
- Want to have access to Paxos APIs by creating a partnership with them.
- Wrote a [post](https://forum.makerdao.com/t/dai-liquidity-in-other-networks/9327) about future products or partnerships that we can create through the protocol. 
- Wrote a [post](https://forum.makerdao.com/t/dai-providing-liquidity-on-thorswap-thorchain/9088) explaining details regarding a solution for Thorchain and other multichain ecosystem networks.
- Will be at the EthCC in Paris: Gustav speaking on RWA, and Nadia will be speaking about her experience in the foundation and creating the Growth Core Unit.

### Sustainable Ecosystem Scaling

- Working to publish OKRs. Will be ready within the next few weeks.
- Will be at EthCC Paris. Will be presenting Project X-Ray.
- Tomorrow, Andy will speaking about the SES update at 2:30 UTC. Come and join us!
- SES Core Unit is in RFC. Please provide feedback.
- Incubees: We have a Core Unit focused on liquidation & auction UIs & services starting up. Nikoli will be giving an update on this next Friday.
- Podcast with [DAOhaus](daohouse.club) called [HausParty](https://twitter.com/nowdaoit/status/1415342055463604234) now live on Twitter.
- B.Protocol Declaration of Intent call coming November 8th, 2021. 

### MIPs

[MIPs Update #44](https://forum.makerdao.com/t/weekly-mips-update-44/9303)

![](https://i.imgur.com/MJ5ErxP.png)

- Please address any opinions and concerns for the Collateral Engineering Services CU vote.
- Please review @Planet_X's [post](https://forum.makerdao.com/t/delegate-i-will-vote-no-on-the-ratification-poll-for-strategic-marcomms-core-unit/9335) discussing the Strategic Marcomms CU vote and leave feedback.
- Please review @PaperImperium's [post](https://forum.makerdao.com/t/campaigning-vote-no-on-inclusion-poll-for-amazix-marketing-core-unit-mip-set-july-12-2021/9302) discussing the AmaZix Marketing CU vote and leave feedback.
- Governance Communications is looking for a full-time Engagement Lead. If you're interested, apply [here](https://makerdao.recruitee.com/o/engagement-lead-govcomms). 
- Check out [mips.makerdao.com](mips.makerdao.com) to keep up to date on all the current MIPs.
