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# System prepended metadata

title: 'G&R #142 Snippet'
tags: [Snippets]

---

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tags: Snippets
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# G&R #142 Snippet

Domain team updates, Collateral Onboarding, active discussions and more. All the updates from MakerDAO Governance and Risk Call #142 in this `snippet` 


## Team Updates

### GovAlpha

- Building documentation platform for broader audience.
- Working on [MIPs Portal](https://mips.makerdao.com/) adding views and menus.
- Collaborating with SourceCred to make the distributions more trustless and automatic.
- Eli has been tinkering with the forum, top level category changes and making it more pleasant.
- Working on onboarding members into GovAlpha.
- [Forum at a Glance](https://forum.makerdao.com/t/forum-at-a-glance-may-14-20-2021/8194).

### Protocol Engineering

- Reviewed the delegated voting contract and the flash mint module.
    - Could be ready by mid to late June but the dependencies are front end integration and edge cases.
    - There's a small edge case, the contract needs to account having time expiration in place.
- Had an L2 strategy meeting.
- Tabling the Keg for a little bit, might be utilizing something similar to DssVest for payments to teams in the interim.
- Still need to pass last week's Executive - necessary pre-req to getting the rest of collaterals into Liquidations 2.0.
- Will be talking about Stablecoins and how we will be porting those over into Liq 2.0.
- Safe to say Liq 2.0 was a wild success after yesterday's stress test :tada: 

### Oracles

- Exec to replace Oracle LP contracts is still waiting to pass...[go vote](https://vote.makerdao.com/executive/parameter-changes-and-oracle-updates?network=mainnet#proposal-detail).
- We did considerably better with the heavy market volatility yesterday than we did on Black Thursday.
- High volatility made for a lot of Oracle alerts, as they were updating every few minutes do to price movements outside the update band.
- Yesterday's gwei prices hit 3500, highlights difficulty in predicting Oracle costs for the DAO.
- Working on a way to model Oracle Expenses, figure out expected range of costs for keeping a collateral type open compared to the fees they generate.

### Real World Finance

- 1.3M DAI coming from New Silver!
- Shooting for an executive on June 11th with options for further RWAs. 
- Finishing review of 6s Legal Documents. 
- First RWA Committee Meeting occurred this week. 


### Risk

- [Proposed Parameters for Uni-LPs](https://forum.makerdao.com/t/uni-lps-liquidations-2-0-parameters/8073) in Liquidations 2.0.
- Looking at stable coins and possibility of adding PSMs.
- Sushi assessments went live.
- Risk Dashboard Road-map in the forum, check out the product [here](https://simulation.blockanalitica.com/).
- Liquidation 2.0 did well from a Risk prospective. 
- Might need to evaluate dust limit again after yesterday. 
    - Incentives (like `tip`) do not cover the cost for small vaults, have to be careful of gaming tho. 

### Growth

- [Weekly Update](https://forum.makerdao.com/t/growth-cu-weekly-update-may-14-20/8205).
- Looking into DAI use on other chains.
- Exploring "special use" vaults for bigger customers ([like YFI](https://forum.makerdao.com/t/signal-request-new-vault-type-for-yfi-with-a-higher-lr/8199)).
- Will be putting up post to explore promoting the ability to buy MKR on more exchanges.

### Operations and Collateral Onboarding

- [Operational Support Weekly Update](https://forum.makerdao.com/t/operational-support-weekly-update-may-14-20-2021/8204).

### MIPs

May Governance Bundle
![](https://i.imgur.com/05TxDhH.png)
What to expect next month for the June Governance Cycle:
![](https://i.imgur.com/DQlQdnD.png)
New MIPs in RFC to look out for:
![](https://i.imgur.com/D9TZdyn.png)


## Other Presentations and Updates

- @g_dip of Real World Asset Co. chatting about RWA in Maker on Bloomberg. [Starts at 15:40](https://www.bloomberg.com/news/videos/2021-05-19/bloomberg-markets-what-d-you-miss-05-19-2021-video)

## Liquidations 2.0 

- [Liquidation 2.0 Performance 2021-05-19](https://docs.google.com/presentation/d/18UoOagb4KNWtCXc6160p0unJNtmwthnX834nOkqHiCM/edit?usp=sharing)

![](https://i.imgur.com/pv9adQA.png)
 
![](https://i.imgur.com/tjGKAE1.png)

![](https://i.imgur.com/QR4tMdZ.png)
