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# System prepended metadata

title: 'G&R #152 Snippet'
tags: [Snippets]

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tags: Snippets
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# G&R #152 Snippet

Domain team updates, Collateral Onboarding, active discussions, and more. All the updates from MakerDAO Governance and Risk Call #152 in this `snippet.` 

## Team Updates

### GovAlpha

*Governance and Polls:*

- Last Friday, the executive vote has passed.
- A [new executive](https://vote.makerdao.com/executive/template-executive-vote-centrifuge-asset-onboarding-july-23-2021?network=mainnet#proposal-detail) proposal is currently open for voting. Please, go vote!
- Two greenlight polls are currently up for voting. Please, go vote!
    - [U-DROP](https://vote.makerdao.com/polling/QmeCpRW3)
    - [G-UNIv3-DAIUSDC](https://vote.makerdao.com/polling/QmaYX3dr?network=mainnet#poll-detail)
- Monthly MIPs ratifications polls have concluded on Monday. 
- This week will not contain an executive. Please, read this forum [post](https://forum.makerdao.com/t/2021-07-23-executive-and-ongoing-participation-issues/9500).

*GovAlpha Core Unit:*

[GovAlpha Weekly Update](https://forum.makerdao.com/t/govalpha-weekly-update-2021-07-29/9585)
- Vote Delegation is set to soft-launch on August 2nd. dUX team is still required to make some improvements to the UI.
- Speaker Series call with Representative Ted Budd now available on [Youtube](https://www.youtube.com/watch?v=y834c0P1Crw).
- The very first Meet Your Delegate call [video recording]() will be available soon!
- [Meet Your Delegate Call #2](https://forum.makerdao.com/t/meet-your-delegate-2-wednesday-august-4-6-00-pm-utc/9575) with @twblack88 and @Planet_X is scheduled for Wednesday, August 4th at 18:00 UTC.
- @Sebix is working on figuring out an improved framework for tags. We've set some general goals, and he will suggest changes to meet those goals.

### Forum

[Forum at a Glance: July 23 - 29](https://forum.makerdao.com/t/forum-at-a-glance-july-23-29/9583)

### Protocol Engineering

*Contract Work:*
- DssVest: ABDK audit returned, stylistic changes discussed & implemented. FV continues for completion next week. 
- Sushi LP Tokens:
    - Sushi Team are deploying a new AMM in 1-2 months
    - Will introduce new custom ranges for LP tokens
    - This breaks from Uniswap V2 design & introduces unknowns for SushiJoin development
    - In conclusion: We'll finish Keeper integration and CropJoin FV, and in 1-2 months, evaluate their upgrades.
- Managed GemJoin Adapter: Updates and review.
- Next week's Executive, house cleaning tasks:
    - RWAs in the ILK registry
    - Governance test message to L2 using the Governance relay

*Infrastructure:*
- Goerli TestNet setup: the team has set up nodes, hoping TechOps will operate an archive node.
- Started test deploys on Goerli, a few issues have come up.
- Changelog updates: including ILK Registry on Kovan updated with most recent code.

*Documentation:*
- EVM Bytecode Programming: HackMD guide to deploy bytecode contracts.
- Pending forum post: Spell post mortem document. We'll post today.
- Forum post: [Layer 2 Risk Framework](https://forum.makerdao.com/t/a-proposed-l2-risk-framework/9518).

*Layer 2:*
- Accelerating Optimism Fast Withdrawal Bridge design discussions.
- Ongoing work on the Arbitrum Bridge.
- Actively working with StarkWare to create a new independent Core Unit.

*Meetings/discussions this week*
- Nexo & Institutional Vaults: finalizing parameters and hope to post this week.
- Lido & Staked ETH: discussed Oracle design/implications with Nik.
- L2 design: considerations for L2, e.g., behavior in the event of ES, etc. 
- Derek has been meeting and discussing plans with Starkware. Lots of progress, and will post more information soon.

### Oracles

- Working on the Oracle Core Unit formation. Beginning tomorrow, the Oracle Team will officially be a CU.
- Finished deployment of the 2nd transport layer called *spire*. 
- Deployed smart contracts for MATIC to the mainnet. Currently organizing the onboarding for MATIC collateral token.
- Will be switching over to UNIv3 for checking prices due to better liquidity there.

### Risk

- @josolnik posted the [Maker Vault Activity Metrics](https://forum.makerdao.com/t/maker-vault-activity-metrics/9568). The next step is to produce a more risk-focused analysis to help better understand the risk of Maker's debt exposure to certain collateral assets.
- Ongoing work to automize this Vault user insights.
- @monet-supply [posted](https://forum.makerdao.com/t/monetsupply-delegate-platform/9545) an application to become a Delegate.
- Finalized simulations for lower LR for Maker Vaults. Suggests we may be able to lower LRs on lower-tier collaterals.
- Also, creating a dashboard to monitor dynamics and risks to Aave.
- @monet-supply will publish the G-UNIv3-DAIUSDC risk assessment. 

### Real-World Finance

- @SebVentures published a [Pre-MIP discussion on RWA Foundations](https://forum.makerdao.com/t/pre-mip-discussion-rwa-foundations/9510) on a potential legal structure for onboarding RWAs using the Cayman Foundation.
- Centrifuge Vaults are now up on the current executive poll.

### Growth

[Growth CU weekly update](https://forum.makerdao.com/t/growth-cu-weekly-update-july-23-july-29/9570/1)
- Speaking with Paxos and next week will post on the forum the discussed agreement to add them to the PSM and add Dai to their platform, which will have access to Paxos on/off ramps. 
- In conversation with Binance to include BUSD in the PSM. [Binance pay](https://pay.binance.com/) just integrated Dai and will be merging with Binance P2P. We are hoping this can be a solution for improved international transactions.
- Dai was part of the first NFT collection by Damien Hirst called ["The Currency."](https://www.heni.com/)
- Project called [SuperFluid](https://www.superfluid.finance/home), a streaming real-time payments protocol is live with Dai.
- Derek [posted](https://forum.makerdao.com/t/institutional-and-long-term-vaults-proposal/9586) an Institutional and Long-Term Vaults Proposal.

### Sustainable Ecosystem Scaling

- Changing up the format of the weekly update to keep people from being bored.
- [CULP Session: Dai Foundation Core Unit DAIF-001](https://forum.makerdao.com/t/core-unit-launch-pod-sessions-session-14-dai-foundation-core-unit-daif-001/9564) on Wednesday, August 4th at 16:00 UTC. 
- [Collateral Onboarding Call](https://forum.makerdao.com/t/collateral-onboarding-call-34-untangled-friday-july-30-4pm-utc/9527) with U-DROP on Friday, July 30th at 16:00 UTC.
- Coming soon: KYM call with B.Protocol.

*EthCC and Side Events:*
- SES CU had @Juan, @Lenkla, and L2 present.
- Had a first trial of organizing an event as a DAO, which was fun.
- Had opportunities to discuss strengths and challenges with other projects about forming a DAO.
- Lenka is the Project lead for X-RAY.
- Lenka presented a short talk discussing her progress of decentralization and working for the DAO.
- *Looking to hire a data analyst.* Please, contact us if interested.

### MIPs

[MIPs Update #46](https://forum.makerdao.com/t/weekly-mips-update-46/9532)

![](https://i.imgur.com/qMpRKE0.png)

- Majority of Core Unit ratifications did not pass.
- MIP52 passed but with an almost 50-50 vote.

*New Core Units in RFC:*
- [Dai Foundation](https://forum.makerdao.com/t/mip39c2-sp17-adds-core-unit-daif-001-dai-foundation/9239/10)
- [Maker Portfolio](https://forum.makerdao.com/t/mip39c2-sp16-adding-maker-portfolio-core-unit-mpcu-001/8996/71)
- [MIP39 Mandate](https://forum.makerdao.com/t/mip39c2-spxx-adding-makerlabs-core-unit/9425) for MakerLabs CU
- [MIP56: Alternative MKR Compensation Guidelines](https://forum.makerdao.com/t/mip56-alternative-mkr-compensation-guidelines/9230)
- [MIP57: RWA Committee](https://forum.makerdao.com/t/mip57-rwa-committee/9304)
- [Strategic Happiness](https://forum.makerdao.com/t/mip39c2-sp11-strategic-happiness-core-unit/8006/2)

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

![](https://i.imgur.com/B5MCyss.png)

## Other Presentations and Updates

### RWA prices, Oracles, and Liquidation Events

- @PaperImperium states that the RWF team monitors metrics and issues very closely. There is also in-depth discussion and Governance involvement in response to any critical issues.
- @cmooney states that for MIP21, there is a `tau` function that allows RWAs to provide additional time in the event of a liquidation. 
- For Centrifuge, the `tau` function allows to call in a loan from DROP holders in the event of a liquidation

Please read the complete and comprehensive G&R #152 Call Summary for a further in-depth discussion, which will be available by Tuesday, August 3rd.
