---
# System prepended metadata

title: 'G&R #113 Snippet'
tags: [Snippets]

---

---
tags: Snippets
---

# G&R #113 Snippet

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

## Team Updates
- LFW will be adding informal governance meetings Mondays. No recordings so they are more casual, stop by if you have questions you're too nervous to ask! [Call details](https://forum.makerdao.com/t/meeting-governance-q-a-sessions/4633/2)

### Smart Contracts

- Smart Contract team preformed collateral assessments for [YFI](https://forum.makerdao.com/t/yfi-erc20-token-smart-contract-technical-assessment/4626), [BAL](https://forum.makerdao.com/t/bal-erc20-token-smart-contract-technical-assessment/4630), [GUSD](https://forum.makerdao.com/t/gusd-erc20-token-smart-contract-technical-assessment/4603)
- Mandated actors discussed AAVE [LEND] and decided to table it for now.
- Pushed ['spells kovan repository']( https://github.com/makerdao/spells-kovan/) and ['spells mainnet repository' public](https://github.com/makerdao/spells-mainnet/)
- @cmooney posted [Liquidation 2.0 technical summary](https://forum.makerdao.com/t/liquidations-2-0-technical-summary/4632) on the forum. There is a  [stakeholder discussion call for liquidation 2.0](https://forum.makerdao.com/t/agenda-discussion-liq-2-0-stakeholder-discussion-wednesday-october-14-2020-1700-utc/4631) and it's the last chance for comments to code and design before code freeze.
- Posted debt ceiling [Instant access module technical-MIP27](https://forum.makerdao.com/t/mip27-debt-ceiling-instant-access-module/4625)
- [Dockerized auction keeper for flap auctions](https://github.com/grandizzy/dockerized-auction-keeper)


### Oracles

- Submitted Oracle assessments [YFI](https://forum.makerdao.com/t/mip12c2-sp7-yfi-collateral-onboarding/4639), [PAXG](https://forum.makerdao.com/t/mip10c3-sp11-proposal-paxgusd-oracle-collateral-onboarding-oracle-assessment/4221), [BAL](https://forum.makerdao.com/t/mip12c2-sp8-bal-collateral-onboarding/4640).
- Longer term - internal oracle running for Uniswap LP tokens, will open source the code soon after running it by smart contract developers in the space for their opinions.

### Risk

- Published risk evaluations for [YFI](https://forum.makerdao.com/t/yfi-collateral-onboarding-risk-evaluation/4575) preformed by @monet-supply, and [BAL](https://forum.makerdao.com/t/bal-collateral-onboarding-risk-evaluation/4600) by @williamr
- Will soon have all proposed assets ranked by risk.
- Working on new framework for ongoing risk premiums - inline with new rate setting approach and rates working group


### Community Development

- Governance Communication team creates Snippets and Maker Relay every week. If you have any feedback, it's really useful for the team.
- We funded 6 meet-ups in September and are continuing to support this program.
- All calls are recorded and posted on [YouTube channel](https://www.youtube.com/c/MakerDAO/playlists) for the community
- [Badges are live!](https://forum.makerdao.com/t/badges-are-live-in-the-maker-forum/4503) Check it out and redeem for yourself.
- @Amyjung posted new [MIP 28 for Operational Domain Team](https://forum.makerdao.com/t/mip28-operational-support-domain-definition/4627). Check out the [presentation](https://www.figma.com/proto/wnY006Wew3lqSkW88SOt6f/MakerDAO-Operational-Support-Domain?node-id=1:3&scaling=scale-down)

### Collateral Onboarding

- [Yesterday's RWA call video](https://www.youtube.com/watch?v=6UiF3gB215M) 
- [Yesterday's Collateral Onboarding call](https://www.youtube.com/watch?v=cPDwGHxuNtY)
- Next week's [Collateral Onboarding Call](https://forum.makerdao.com/t/agenda-discussion-collateral-onboarding-call-11-wednesday-october-14-17-00-utc/4629) is October 14. We'll discuss RenVM and Uniswap: @mw_burgess and the Ren team, and Hayden and the Uniswap team will be joining to answer any questions.
- [Collateral Status Index](https://forum.makerdao.com/t/collateral-status-index/2231)

### MIPs

- [Formal submissions for October cycle](https://forum.makerdao.com/c/MIPs/fs/16): MIP 14, MIP 20, MIP 21, MIP 22, MIP 23 
    - Subproposals: MIP13c3-SP5, MIP13c3-SP4, MIP13c3-SP3 
- Inclusion polls will be posted on Monday October 12 and run until October 15.
- New proposals are in RFC Phase: MIP17, MIP 24, MIP 25, MIP 26, MIP 27, MIP 28
    - Subproposals in RFC: Sourcercred funding (MIP13c3-SP6), Subproposal for operational support domain facilitator( MIP28c7-SP1), Calendar Exceptions(MIP4c2-SP6)
- [Flexible approach to Collateral Onboarding](https://vote.makerdao.com/polling-proposal/qmvazjqnlxuewwgtet9dyfkrnyhuxim6grpp8ufafm3gxf) passed unanimously and will begin immediately 
- Collateral Onboarding framework will be published on the forum soon

## Other Presentations and Updates

### Surplus Buffer Discussion

@primoz posted a [discussion about increasing surplus buffer](https://forum.makerdao.com/t/discussion-increasing-surplus-buffer/4644) and the Governance and Risk call had a [spirited conversation](https://youtu.be/M-oHe86l1f0?t=3424) about the trade-offs and options. 

### Governance at a Glance

- There's changes to the forum, there is a new [Updates](https://forum.makerdao.com/t/about-the-updates-category/4551) category.
- [Governance at a Glance Thread](https://forum.makerdao.com/t/governance-at-a-glance)

## Peg

The DAI price stays steady at $1.01.
The DAI supply falls to around 865 million: ETH, USDC-A, WBTC, TUSD, and PAX the biggest utilization.
