---
# System prepended metadata

title: 'G&R #114 Snippet'
tags: [Snippets]

---

---
tags: Snippets
---

# G&R #114 Snippet

Welcome back to `snippets`, an experiment we're running to help improve governance communication. We're posting a high-level overview of the Governance and Risk call ahead of the high fidelity call summary very week. 

## Team Updates

### Smart Contracts with @cmooney

- No executive spell last week! No parameters changed.
- PAXG assessment was [published in July](https://forum.makerdao.com/t/paxg-erc20-token-smart-contract-domain-community-assessment/3443)  by @befitsandpiper
- ETH-B collateral type [deployed on Kovan](https://github.com/makerdao/spells-kovan/pull/22), working on getting it to Mainnet
- [Liquidations 2.0 discussion call](https://www.youtube.com/watch?v=IMSusgznlYk) took place yesterday, Smart Contracts team is working to get the code complete.
- BAL, YFI, possibly PAXG will be going on Kovan next week.

### Oracles

- Performed BAL and YFI oracle assessments, will be releasing into production next week. Team is on track to get onboarding done for an executive at the end of the month.
- Working on UNI LP token oracle and potentially deploying into production in November with conservative debt ceiling. 
- Plan to model Balancer oracle after UNI one.

### Risk

- GUSD and PAXG evaluations are getting finalized. 
- The risk domain team is focusing on new assets with the prioritization framework, with UNI and REN ranking the highest. The team started assigning those evaluations.
- Collateral evaluation template is getting finalized and will hopefully attract more analysts.
- [Increasing Surplus Buffer discussion](https://forum.makerdao.com/t/discussion-increasing-surplus-buffer/4644) is still going on. 

### Operations and Community Development

- Announced [fellowship between Kleros and Maker:](https://blog.kleros.io/kleros-maker-fellow-on-decentralized-finance/)
    - [Kleros](https://kleros.io/) is a decentralized decision making protocol. A key use case of Kleros is to act as a decentralized verification (or vetting) mechanism for the compliance of crypto assets with required conditions. 
    - This framework should address features such as code, risk profile and legal compliance.
    - Applications close in two weeks.
- Development Grants platform will be launching soon.
- Watch the [demo day from community-development](https://youtu.be/vkPaT_7EEbs)!

### Collateral Onboarding

- Will publish collateral prioritization ranking framework next week. 
- Ren and Uniswap collateral call [recap video](https://www.youtube.com/watch?v=cPHZU1ywhi8) from yesterday.
- Next call is [October 21 at 17:00 UTC](https://forum.makerdao.com/t/agenda-discussion-collateral-onboarding-call-12-wednesday-october-21-17-00-utc/4745) with EURStasis and Crypto.com
- Collateral calls | G&R | Liquidations 2.0 calls are all [published on YouTube the same day.](https://www.youtube.com/c/MakerDAO/playlists)

### MIPs

- All [8 inclusion polls](https://vote.makerdao.com/polling) passed today! They will be bundled into the Monthly MIPs Governance Poll and go up for vote Monday, Oct 19. 
- [BAL](https://vote.makerdao.com/polling-proposal/qmq9wz6hcxkntvwth3m8rmgcbpjkmbwbxsycotupea1pxx) and [YFI](https://vote.makerdao.com/polling-proposal/qmpjjv8deqyivhwvdefsphq3jikxj5hma1sugvtqzrnni6) collateral types passed by going through the [new weekly cycle.](https://vote.makerdao.com/polling-proposal/qmvazjqnlxuewwgtet9dyfkrnyhuxim6grpp8ufafm3gxf)
- October Greenlight polls will go up Monday Oct 19 and run for two weeks. Check what collateral types will be included in the vote in the [Collateral Status Index.](https://forum.makerdao.com/t/collateral-status-index/2231)
- There are [9 proposals currently in the RFC phase](https://forum.makerdao.com/c/MIPs/rfc/15)
- There are two active Pre-MIP discussions: [FlapperDistributor](https://forum.makerdao.com/t/flapperdistributor-a-way-to-distribute-system-surplus-while-minimizing-governance/4591) and [Replacing Mechanism to Burn MKR with a Treasury.](https://forum.makerdao.com/t/replace-the-mechanism-to-burn-mkr-with-a-treasury/4415)

## Other Presentations and Updates

- [Different approach to rate setting](https://forum.makerdao.com/t/different-approach-to-rate-setting/3889)
- MIP20 passed and there was a brief discussion around when to use par, that would come up in the coming weeks. `Vox` isn't turned on by default, it's up to Governance to determine when and how to use it.

### Governance at a Glance

- [Wanted: Governance Help ](https://forum.makerdao.com/t/wanted-governance-help/3277) - @LongForWisdom is still searching for people interesting in taking a larger role in governance with the end goal of finding additional governance facilitators.

## Peg

- The DAI price stays steady at an average of $1.01 but dipping closer down to peg over the past week.
- The DAI supply rises to around 910 million.
- An ETH-B Vault Type will be added in the executive on Friday with a lower liquidation ratio.
