---
# System prepended metadata

title: Monthly Governance Review | January 2022
tags: [Monthly Governance Review]

---

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tags: Monthly Governance Review
---

# Monthly Governance Review | January 2022

![](https://i.imgur.com/Ajp3wvU.png)

> A public PDF version of this post is available [here.](https://pdfhost.io/v/.~CyWfTLd_Monthly_Governance_Review__January_2022)

## Governance Summary

The month of January was eventful. The [Maker Operational Manual](https://manual.makerdao.com/) went live not even two weeks in. @gov-comms-core-unit and @GovAlpha-Core-Unit presented a [recap of 2021](https://youtu.be/eL-G1bhW16g) and brought to light many projects and initiatives planned for 2022. Shortly after, the DAO underwent its first significant and public challenge with the [MIP41c5 (Facilitator Offboarding)](https://forum.makerdao.com/t/mip41-facilitator-framework/6098/3) framework as controversy and discussion arose in response to the [offboarding](https://vote.makerdao.com/polling/QmYk1XN5?network=mainnet#poll-detail) of the Content Production Core Unit. This event resulted in various ideas for improving offboarding, governance, and delegation.

The [Delegate Compensation Trial](https://forum.makerdao.com/t/signal-request-should-we-trial-delegate-compensation-as-described-in-mip61-over-3-months/10978) completed its 3-month trial period in January. There was a [signal request](https://forum.makerdao.com/t/signal-request-extend-the-delegate-compensation-trial/12686) to further extend the trial period for another six months or until MIP61 is approved. We finished the month with one more potential Delegate, @Hasu, throwing his hat in the ring as the [10th Recognized Delegate](https://vote.makerdao.com/delegates?network=mainnet) along with 12 Shadow Delegates totaling *almost* 100,000 MKR delegated!

The overall cryptocurrency market fell sharply towards the end of the month, resulting in the largest wave of liquidations to date. The protocol held up well and collected 15.5MM in penalty fees; The @Risk-Core-Unit [published a detailed analysis](https://forum.makerdao.com/t/flappy-friday-clip-and-flap-analysis/12790) on the Collateral and Surplus Auctions throughout Flappy Friday. An [urgent signal request](https://forum.makerdao.com/t/urgent-signal-request-stop-mkr-burning/12806) was published to temporarily suspend Surplus Auctions and MKR burn, which [successfuly passed.](https://vote.makerdao.com/executive/template-executive-vote-temporarily-prevent-surplus-flap-auctions-and-mkr-burn-january-24-2022?network=mainnet#proposal-detail) Additionally, the [MakerDAO Open Market Committee](https://forum.makerdao.com/t/parameter-proposal-group-makerdao-open-market-committee/7355) took action to [advise lowering stability fees and rates](https://forum.makerdao.com/t/parameter-changes-proposal-ppg-omc-001-2022-01-27/12883) across the board for non-stable-assets and LP-vault-types to help stimulate DAI minting, which [successfully passed.](https://vote.makerdao.com/executive/template-executive-vote-momc-parameter-changes-decrease-the-guniv3daiusdc2-a-liquidation-ratio-january-21-2022?network=mainnet#proposal-detail) The community has began looking forward to potential changes to help improve the protocol in the case of similar future events. However, the path forward is still unclear; a large amount of the community believes that we should [significantly increase the surplus buffer,](https://forum.makerdao.com/t/in-defense-of-bigger-surplus-buffer/12875) and others [suggest to continue burning MKR.](https://forum.makerdao.com/t/signal-request-bring-back-the-mkr-burn/12837) 

*Check out 'What's Ahead?' found below for insight on what to expect in February!*

## Key Outcomes

### Temporarily Prevent Surplus Auctions and MKR Burn

As per this [urgent signal request](https://forum.makerdao.com/t/urgent-signal-request-stop-mkr-burning/12806), the following changes were made through an executive vote:

- The existing [System Surplus Buffer](https://manual.makerdao.com/parameter-index/core/param-system-surplus-buffer) lerp function was disabled.
- The [System Surplus Buffer](https://manual.makerdao.com/parameter-index/core/param-system-surplus-buffer) parameter was set to 250 million DAI.

This change was proposed to temporarily prevent surplus (flap) auctions until the auction/burn mechanism can be improved. Further details on this issue and the origin of this proposal can be found below:

- [Flappy Friday - CLIP and FLAP Analysis](https://forum.makerdao.com/t/flappy-friday-clip-and-flap-analysis/12790)
- [So is someone going to say anything about yesterday's FLAP auctions?](https://forum.makerdao.com/t/so-is-someone-going-to-say-anything-about-yesterdays-flap-auctions/12781)
- [Stop MKR Burning](https://forum.makerdao.com/t/urgent-signal-request-stop-mkr-burning/12806)

### Maker Improvement Proposals

The month of January contained 11 ratification polls, which have *all* passed:

| Ratification Poll |  Discussion |
|:-----------------:|:-----------:|
| [Modify Core Unit Budget, ORA-001 (Oracle Gas Costs)](https://vote.makerdao.com/polling/QmRT9363?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp45-modify-core-unit-budget-ora-001-oracle-gas-costs/11621) |
| [Onboarding Tech-Ops Core Unit (TECH-001)](https://vote.makerdao.com/polling/QmZEeWAC?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip39c2-sp29-adding-techops-core-unit-tech-001/12070) |
| [Strategic Finance Core Unit (SF-001)](https://vote.makerdao.com/polling/QmZn66qt?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip39c2-sp27-adding-strategic-finance-core-unit/11938) |
| [Collateral Offboarding Process (MIP62)](https://vote.makerdao.com/polling/QmdwoZtA?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip62-collateral-offboarding-process/12029) |
| [Core Unit Budget, SNE-001 (MIP40c3-SP47)](https://vote.makerdao.com/polling/QmPBwinN?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp47-core-unit-budget-sne-001-phase-ii-starknet-fast-withdrawal-and-wormhole/12041) |
| [Bug Bounty Program for MakerDAO Critical Infrastructure (MIP64)](https://vote.makerdao.com/polling/QmWkPoVv?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip64-bug-bounty-program-for-makerdao-critical-infrastructure/12096) |
| [Maker Keeper Network (MIP63)](https://vote.makerdao.com/polling/QmQqFpjv?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip63-maker-keeper-network/12091) |
| [Offboarding Content Production Core Unit (MKT-001)](https://vote.makerdao.com/polling/QmYk1XN5?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip41c5-sp3-facilitator-offboarding-mkt-001/12058) |
| [Facilitator Onboarding for RWF-001 (MIP41c4-SP27)](https://vote.makerdao.com/polling/QmdrJGxQ?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip41c4-sp27-facilitator-onboarding-rwf-001/11308) |
| [Development & UX Core Unit Budget - DUX-001 (MIP40c3-SP52)](https://vote.makerdao.com/polling/QmUnMZKw?network=mainnet) | [Discussion](https://forum.makerdao.com/t/mip40c3-sp52-development-ux-core-unit-budget-dux-001/12085) |
| [Modify Core Unit Budget - Sustainable Ecosystem Scaling (SES-001) (MIP40c3-SP55)](https://vote.makerdao.com/polling/QmQrVVgi?network=mainnet#poll-detail) | [Discussion](https://vote.makerdao.com/polling/QmQrVVgi?network=mainnet#poll-detail) |

### Parameter Management

View a detailed breakdown of the rate change proposal [here](https://forum.makerdao.com/t/parameter-changes-proposal-ppg-omc-001-2022-01-27/12883) published by the [MOMC.](https://forum.makerdao.com/t/parameter-proposal-group-makerdao-open-market-committee/7355)

![](https://i.imgur.com/xE3ILEI.png)

#### Debt Floor (dust) Management

| Vault Type | Parameter | Previous | New | Change |
| :--------: | :-------: | :------: | :-: | :----: |
| UNIV2DAIETH-A | Debt Floor |15,000 DAI | 60,000 DAI | +45,000 DAI |
| UNIV2USDCETH-A | Debt Floor | 15,000 DAI | 60,000 DAI | +45,000 DAI |
| UNIV2WBTCDAI-A | Debt Floor | 15,000 DAI | 60,000 DAI | +45,000 DAI |
| UNIV2WBTCETH-A | Debt Floor | 15,000 DAI | 25,000 DAI | +10,000 DAI |
| UNIV2UNIETH-A | Debt Floor | 15,000 DAI | 25,000 DAI | +10,000 DAI |

#### Stability Fee Management

| Vault Type | Parameter | Previous | New | Change |
| :--------: | :-------: | :------: | :-: | :----: |
| ETH-A | Stability Fee | 2.75% | 2.5% | -0.25% |
| WSTETH-A | Stability Fee | 4.0% | 3.0% | -1.0% |
| GUNIV3DAIUSDC2-A | Stability Fee | 1.0% | 0.5% | -0.5% |

#### Maximum Debt Ceiling (line) Management

| Vault Type | Parameter | Previous | New | Change |
| :--------: | :-------: | :------: | :-: | :----: |
| LINK-A | Maximum Debt Ceiling | 140M DAI | 100M DAI | -40M DAI |
| YFI-A | Maximum Debt Ceiling | 130M DAI | 50M DAI | -80M DAI |
| UNI-A | Maximum Debt Ceiling | 50M DAI | 25M DAI | -25M DAI |
| UNIV2UNIETH-A | Maximum Debt Ceiling | 20M DAI | 5M DAI | -15M DAI |
| GUSD-A | Maximum Debt Ceiling | 5M DAI | 0 DAI | -5M DAI |
| AAVE D3M | Maximum Debt Ceiling | 100M DAI | 220M DAI | 120M DAI |
| GUNIV3DAIUSDC2-A | Maximum Debt Ceiling | 10M DAI | 500M DAI | 490M DAI |

#### Target Borrow Rate (bar) & Available Debt (gap) Management

| Vault Type | Parameter | Previous | New | Change |
| :--------: | :-------: | :------: | :-: | :----: |
| AAVE D3M | Target Borrow Rate | 3.9% | 3.75% | -0.15% |
| AAVE D3M | Target Available Debt | 25M DAI | 50M DAI | +25M DAI |

#### Liquidation Ratio Management

| Vault Type | Parameter | Previous | New | Change |
| :--------: | :-------: | :------: | :-: | :----: |
| GUNIV3DAIUSDC2-A | Liquidation Ratio | 105% | 102% | -3% |

For more information on the GUNIV3DAIUSDC2-A Liquidation Ratio Reduction, see this [thread](https://forum.makerdao.com/t/request-to-lower-the-collateralization-ratio-for-guniv3daiusdc2-a/12615) on the MakerDAO Forum.

### Core Unit Budget and Vesting

#### Core Unit DAI Budget Transfers

As per multiple successful budget proposals, a total of 10,070,519 DAI were transferred to four Core Units:

| Core Unit | DAI Amount | Budget Proposal |
| :-------: | :--------: | :-------------: |
| [Oracles](https://mips.makerdao.com/mips/details/MIP39c2SP13) | 6,966,070 DAI | [Proposal](https://mips.makerdao.com/mips/details/MIP40c3SP45) |
| [Oracles](https://mips.makerdao.com/mips/details/MIP39c2SP13) | 1,805,407 DAI | [Proposal](https://mips.makerdao.com/mips/details/MIP40c3SP45) |
| [TechOps](https://mips.makerdao.com/mips/details/MIP39c2SP29) | 1,069,250 DAI | [Proposal](https://mips.makerdao.com/mips/details/MIP40c3SP53) |
| [StarkNet Engineering](https://mips.makerdao.com/mips/details/MIP39c2SP19) | 229,792 DAI | [Proposal](https://mips.makerdao.com/mips/details/MIP40c3SP47) |

#### Core Unit DAI Budget Streams

As per multiple successful budget proposals, a total of 11,017,146 DAI are streamed to five Core Units over the next 6-12 months:

| Core Unit | DAI Amount | Budget Proposal |
| :-------: | :--------: | :-------------: |
| [Sustainable Ecosystem Scaling](https://mips.makerdao.com/mips/details/MIP39c2SP10) | 5,844,444 DAI | [Proposal](https://mips.makerdao.com/mips/details/MIP40c3SP55) |
| [TechOps](https://mips.makerdao.com/mips/details/MIP39c2SP29) | 2,486,400 DAI | [Proposal](https://mips.makerdao.com/mips/details/MIP40c3SP53) |
| [Development and UX](https://mips.makerdao.com/mips/details/MIP39c2SP18) | 1,934,300 DAI | [Proposal](https://mips.makerdao.com/mips/details/MIP40c3SP52) |
| [Strategic Finance](https://mips.makerdao.com/mips/details/MIP39c2SP27) | 494,502 DAI | [Proposal](https://mips.makerdao.com/mips/details/MIP40c3SP46) |
| [StarkNet Engineering](https://mips.makerdao.com/mips/details/MIP39c2SP19) | 257,500 DAI | [Proposal](https://mips.makerdao.com/mips/details/MIP40c3SP47) |

#### Core Unit MKR Vesting Streams

As per the Strategic Finance Core Unit successful MKR budget proposal, a total of 480 MKR will be vested to members of the Strategic Finance Core Unit over the next three years:

| Core Unit Member | MKR Amount |
| :-------: | :--------: |
| Aes | 240 MKR |
| SebVentures | 240 MKR | 

#### Revoking Content Production DAI Budget

As a result of this successful [budget proposal](https://mips.makerdao.com/mips/details/MIP40c3SP49), the [Content Production Core Unit](https://mips.makerdao.com/mips/details/MIP39c2SP5) budget was revoked. Note that when a token stream is revoked, it will prevent new tokens from accruing to the recipient but will still allow access to tokens that have already accrued.

#### Replacing the Real World Finance DAI Budget Stream

Given that the facilitator for the [Real World Finance Core Unit](https://mips.makerdao.com/mips/details/MIP39c2SP1) has changed, we received a request from the [new facilitator](https://mips.makerdao.com/mips/details/MIP41c4SP27) to adjust the implementation of the existing Real-World Finance DAI budget stream. This request is detailed [here](https://forum.makerdao.com/t/rwf-001-auditor-flow/12900). Given that this is an administrative change and budget amounts remain the same, governance facilitators elected to include it in this executive proposal. The executive proposal passed, and the following occurred:

- The existing Real-World Finance DAI budget stream will be revoked.
- A replacement stream will be set up, streaming **1,705,000 DAI** to 0x96d7b01Cc25B141520C717fa369844d34FF116ec starting at 2022-02-01 and ending at 2022-12-31.

### Delegate Compensation Payments - December:

As per these successful governance polls ([1,](https://vote.makerdao.com/polling/QmPCbBu3?network=mainnet) [2](https://vote.makerdao.com/polling/QmbvuhYH?network=mainnet#poll-detail)) and the ongoing trial of delegate compensation, a total of 48,290 DAI was distributed to seven recognized delegates as detailed below:

| DAI Transferred | Delegate |
| :-------------: | :------: |
| 12,000 DAI | FlipFlopFlap Delegate LLC |
| 12,000 DAI | schuppi |
| 12,000 DAI | Feedblack Loops LLC |
| 8,597 DAI | MakerMan |
| 2,203 DAI | ACREinvest |
| 791 DAI | JustinCase |
| 699 DAI | GFX Labs |

Details on the breakdown of delegate compensation for December can be found on the MakerDAO forum [here.](https://forum.makerdao.com/t/delegate-compensation-breakdown-december-2021/12462)

### Recover DAI from Optimism Escrow:

- 10 million DAI will be transferred to forum user @lost_some_dai.
- For further information, please see the initial Signal Request on the MakerDAO forum [here.](https://forum.makerdao.com/t/signal-request-should-makerdao-assist-in-recovering-dai-locked-on-optimism-escrow/12307)

### Protocol Engineering Housekeeping

The on-chain changelog, also known as the [chainlog](https://chainlog.makerdao.com/), was updated to include the `CLIP_FAB` contract. This proposed change is part of ongoing Protocol Engineering housekeeping efforts and does not directly affect the Maker Protocol.

### Community Greenlight Polls

Greenlight Polls allow MKR token holders to signal their preferences for collateral types proposed through [Collateral Onboarding Applications.](https://forum.makerdao.com/c/MIPs/co/17) Community greenlight polls occur at fixed times each governance cycle, starting on the 1st and 3rd Mondays of the month and run for two full weeks.

There were seven community greenlight polls during January. Two polls, OGN and RBLD, have passed. 

STABLE-TBILL and STABLE-NOTE are currently on-chain, which end February 7th at 4 PM UTC and are both leading options are No (Defer) as the time of this publication.

| Asset | Date Began | Date Ended | Voted Yes | Voted No | Voted Abstain | Prioritization Score |
| :---: | :--------: | :--------: | :-------: | :------: | :-----------: | :------------------: |
| [OGN (Origin Protocol)](https://vote.makerdao.com/polling/QmVwzRdM?network=mainnet) | 1/10 16:00 UTC | 1/24 16:00 UTC | 37,696.86 MKR Voting (40.79%) | 19,668.40 MKR Voting (21.28%) | 35,061.49 MKR Voting (37.93%) | 0.33 |
| [OUSD (Origin Dollar)](https://vote.makerdao.com/polling/QmcWD91Z?network=mainnet) | 1/10 16:00 UTC | 1/24 16:00 UTC | 4,803.79 MKR Voting (5.18%) | 75,650.93 MKR Voting (81.64%) | 12,214.66 MKR Voting (13.18%) | -7.18 |
| [RBLD (Robinland Holdings)](https://vote.makerdao.com/polling/Qmc8kAfZ?network=mainnet) | 1/10 16:00 UTC | 1/24 16:00 UTC | 54,201.38 MKR Voting (58.51%) | 18,578.76 MKR Voting (20.05%) | 19,860.50 MKR Voting (21.44%) | 1.82 |
| [TUSD-PSM (TrueUSD)](https://vote.makerdao.com/polling/QmVwiLKC?network=mainnet) | 1/10 16:00 UTC | 1/24 16:00 UTC | 1,000.00 MKR Voting (1.14%) | 81,493.33 MKR Voting (92.69%) | 5,426.30 MKR Voting (6.17%) | -8.00 |
| [USDap (BondAppetit)](https://vote.makerdao.com/polling/QmZDJZdL?network=mainnet) | 1/10 16:00 UTC | 1/24 16:00 UTC | 54.04 MKR Voting (0.06%) | 67,384.73 MKR Voting (72.93%) | 24,959.23 MKR Voting (27.01%) | -6.89 |
| [STABLE-TBILL](https://vote.makerdao.com/polling/Qmdf2bbL?network=mainnet) | 1/24 16:00 UTC | 02/07 4PM UTC | *CURRENTLY:* 5,120.71 MKR Voting (7.58%) | *CURRENTLY:* 39,231.57 MKR Voting (58.04%) | *CURRENTLY:* 23,244.67 MKR Voting (34.39%) | N/A |
| [STABLE-NOTE](https://vote.makerdao.com/polling/QmUXDkKr?network=mainnet#poll-detail) | 1/24 16:00 UTC | 02/07 4PM UTC | *CURRENTLY:* 89.69 MKR Voting (0.13%) | *CURRENTLY:* 44,262.60 MKR Voting (65.48%) | *CURRENTLY:* 23,244.67 MKR Voting (34.39%) | N/A |

Check the progress of all proposed collateral types in the [Collateral Status Index.](https://forum.makerdao.com/t/collateral-status-index/2231)

## What’s Ahead?

### Votes and Important Dates: February 2022

*Links to both the Votes and Public Calls calendars can be found below under Resources.*

![](https://i.imgur.com/EpcEGs1.png)

The month of February should be exciting! [EthDenver](https://www.ethdenver.com/) will be happening from February 11 - 20; check out [this list](https://docs.google.com/spreadsheets/d/1bF6SMpF3oYpAgKdufcjatjGVrKR2hNDmRLzjyC89x1U/edit?usp=sharing) of events and attendees. If your Core Unit is participating in EthDenver, please, add that information to the document. 

Several signal requests on the forum are still open for community vote. [[Signal Request] Extend the Delegate Compensation Trial](https://forum.makerdao.com/t/signal-request-extend-the-delegate-compensation-trial/12686) recently closed and passed, which we will see on-chain next week. Here are other signal requests to keep an eye on:
- [[Signal Request] Raise Gemini Dollar (GUSD) PSM Debt Ceiling To 60 Million DAI](https://forum.makerdao.com/t/signal-request-raise-gemini-dollar-gusd-psm-debt-ceiling-to-60-million-dai/12961)
- [[Signal Request] bring back the MKR burn](https://forum.makerdao.com/t/signal-request-bring-back-the-mkr-burn/12837)
- [[Signal Request] Offloading TUSD-A](https://forum.makerdao.com/t/signal-request-offloading-tusd-a/12814)
- [[Signal Request] gbMKR, a proposal to benefit long-term MKR holders](https://forum.makerdao.com/t/signal-request-gbmkr-a-proposal-to-benefit-long-term-mkr-holders/12756)
- [[Signal Request] Advance “Rapid Payment for Small Bug Bounties” to on-chain poll](https://forum.makerdao.com/t/signal-request-advance-rapid-payment-for-small-bug-bounties-to-on-chain-poll/13017)

There are a couple of significant calls to look forward to. @Thomas.Flitter will be hosting the next [Issue Discussion Call](https://forum.makerdao.com/t/issue-discussion-call-4-core-unit-and-facilitator-offboarding/12985) focusing on the topic of Core Unit and Facilitator Offboarding, which will take place Wednesday, February 9th, 2022, at 5 PM UTC. We have a new delegate, @Hasu, presenting their Delegate Platform on the [Meet Your Delegate call #9](https://forum.makerdao.com/t/meet-your-delegate-9-hasu/12944) happening February 9th at 6 PM UTC. This gives us a total of 10 Recognized Delegates.

There are now [23 Core Units,](https://forum.makerdao.com/g) which means that we can expect many updates and announcements such as:

- [January's Actual Expenses vs. Budget](https://forum.makerdao.com/tag/expense-reporting)
- [Growth Core Unit's management over the MakerDAO Twitter account](https://forum.makerdao.com/t/intangible-asset-agreed-modification-of-management-2022-02-01/12980)
- [Sidestream Auction Service's management over the unified-auctions.makerdao.com domain](https://forum.makerdao.com/t/intangible-asset-agreed-modification-of-management-2022-02-02/12995)
- [Improved Unified Auctions UI by the SAS Core Unit](https://forum.makerdao.com/tag/sas-001)
- More grants and proposal improvements by various Core Units
- An [improved Core Unit Offboarding Process](https://forum.makerdao.com/t/mip4c2-sp15-core-unit-offboarding-process-amendments/12920)

Keep your eyes and ears open during EthDenver for potential announcements! 

### Resources

[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.

[Public Calls Calendar](https://calendar.google.com/calendar/embed?src=makerdao.com_3efhm2ghipksegl009ktniomdk%40group.calendar.google.com)
*Bookmark or Subscribe to this calendar for Public Calls.*

[Votes and Important Dates Calendar](https://calendar.google.com/calendar/embed?src=bdf4un05hpg0611lg3ieue4t3c%40group.calendar.google.com)
*Bookmark or Subscribe to this calendar for Votes, Polls, and Important Dates.*

[Forum](https://forum.makerdao.com/) and [Maker Chat](https://chat.makerdao.com/)
*Discuss and debate MakerDAO.*

[Participation Tools](https://community-development.makerdao.com/en/learn/governance/participate)
*Library of useful links for Stakeholders; Protocol analytics, Dai analytics, collateral & liquidation metrics, governance history, and auction data.*

[Governance Portal](https://makerdao.com/en/governance)
*Voting dashboard for MKR voters.*

[Learning Portal](https://www.makerdao.world/) | [Technical Documentation](https://docs.makerdao.com/) | [MIPs Portal](https://mips.makerdao.com/)
*Learn more about the Maker protocol.*

[MIP51: Monthly Governance Cycle](https://github.com/makerdao/mips/blob/master/MIP51/mip51.md) | [MIP16: Weekly Governance Cycle](https://github.com/makerdao/mips/blob/master/MIP16/mip16.md#mip16-the-weekly-governance-cycle)
*Learn more about the Governance activities that occur during the Monthly and Weekly Governance Cycles.*

### Disclaimer 

*Disclaimer: This update does not serve as financial advice or an inducement to vote in any specific way. This update is purely for information and communication purposes only.*

### Feedback Survey

*We encourage you to complete our 3-question [feedback survey](https://survey.sogosurvey.com/r/DiUWgh).*