G&R #154 Snippet

--- tags: Snippets --- # G&R #154 Snippet Domain team updates, Collateral Onboarding, active discussions, and more. All the updates from MakerDAO Governance and Risk Call #154 are in this `snippet.` ## Team Updates ### GovAlpha [GovAlpha Weekly Update](https://forum.makerdao.com/t/govalpha-weekly-update-2021-08-12/9825) *Governance:* - [Current executive](https://vote.makerdao.com/executive/template-executive-vote-momc-proposal-august-core-unit-budgets-housekeeping-august-6-2021?network=mainnet#proposal-detail) - Three ratification polls are currently live: - [Declaration of Intent - Onboarding a new collateral type backed by B.Protocol v2](https://vote.makerdao.com/polling/QmYzt3ub?network=mainnet#poll-detail) - [DAI Foundation Core Unit](https://vote.makerdao.com/polling/QmVZ2rcG?network=mainnet) - [Growth Core Unit MKR Budget](https://vote.makerdao.com/polling/QmSAsT8S?network=mainnet) - One community greenlight poll is live: [https://vote.makerdao.com/polling/Qmch87Tw?network=mainnet#poll-detail](https://vote.makerdao.com/polling/Qmch87Tw?network=mainnet#poll-detail) ends on August 16th. - Will be skipping the executive vote this Friday and will batch it with next week's executive. *GovAlpha Core Unit:* - The [3rd Meet Your Delegate Call]() recording is now up on YouTube - Currently have six public delegates - Goals: map out the participation and communication tracking of participating delegates. - Next [budget proposal]() now up on the forum. - Working on launching documentation for governance to launch through the Maker Operational Manual via Gitbook. - Pablo is now a full MIP editor! ### Forum [Forum at a Glance: August 6th - 12th](https://forum.makerdao.com/t/forum-at-a-glance-august-6th-12th/9823) ### Protocol Engineering *Available for next week’s spell:* - MATIC (OSM & Medianizer now ready). - DssVest (Completed FV specs). - PAX PSM. - 6S broker-dealer address. *Other Priorities:* - GUNI - Ongoing team review and audits. - D3M - Getting a review from the AAVE Team. - StakedETH - ongoing discussion to determine debt ceilings. *Maintenance work:* - Changelog updates since previous RWA spells have passed. - Adding a CalcFactory to improve collateral onboarding. - Formal Verification proofs/rules for CropJoin. - Enhancing RWA DC tests in our spells. - Tooling. *L2 updates:* - e2e tests for arbitrum. - Refactor all typescript helpers and reuse them between arbitrum and optimism bridges, which is currently in progress. ### Risk - Published [Proposed Liquidation Ratio Changes](https://forum.makerdao.com/t/decreasing-liquidation-ratios-analysis/9702). Plan to include them into an on-chain poll for next week. Please, leave feedback. - Marco [posted](https://forum.makerdao.com/t/maker-vault-activity-metrics/9568) analysis on how Maker Vault users utilize their Dai. About 500MM of ETH-A debt exposure is farmed on Aave and Compound. - Plan is to connect Maker Vaults with other farming activities to track in real-time and help identify whether a Vault is net long/short Dai. - End goal is to understand user behavior practices and on-chain balances. - Monet-supply made a [post](https://forum.makerdao.com/t/gas-and-vault-cost-from-a-user-perspective/9772/2) on gas and vault cost from a user perspective. - Monet-supply also [posted a thread](https://forum.makerdao.com/t/offboarding-unprofitable-collaterals/9785) on collateral offboarding. We want to determine aggressiveness for offboarding. - Working on measuring Nexos exposure. - Still discussing appropriate Devcon spells and B.Protocol as a new collateral type. - Looking into the Fixed Rates Vaults [proposal](https://forum.makerdao.com/t/fixed-rate-vaults-proposal-with-deco-protocol/9707) by Deco Protocol. - Submitted [proposal](https://forum.makerdao.com/t/mip40c3-sp25-risk-core-unit-mkr-compensation-risk-001/9788) on MKR Compensation for the Risk Team. ### Oracles - MATIC oracle is ready. - Need to coordinate on a few things concerning PSM. - Began work for EIP 1559 layers on our software in production. - Finished deployment of both Gopher and Spyre, need to complete some refactoring work to give additional deployment and configuration options. ### Real-World Finance [Real-World Finance Core Unit Report](https://forum.makerdao.com/t/real-world-finance-core-unit-report-2021-07/9658) [NewSilver July Update](https://forum.makerdao.com/t/new-silver-july-2021-update/9750) [RWA Report](https://forum.makerdao.com/t/real-world-assets-report-2021-07/9783) *Forum Posts:* - Shared a [post with an informal poll](https://forum.makerdao.com/t/informal-poll-using-the-cayman-foundation-to-invest-in-financials-assets-at-scale/9790) discussing to use the Cayman Foundation to invest into ‘safe’ assets. - RWF is [hiring a Securitization expert.](https://forum.makerdao.com/t/wanted-securitization-expert-to-join-the-real-world-finance-core-unit/9789) - Posted work on the data infrastructure. - @Aes is working on Institutional Vault Economic Analysis, which will be posted soon. - Working on a post regarding pushing on-chain securitization to the next step. Will publish it next week. *RWA Progress:* - We are setting up the Cayman Foundation. - Looking for servicers to answer operators of Cayman Foundation. - Focusing on SolarX progress. - Next step for 6S is to work with the community and prepare for an executive. ### Growth [Growth CU weekly update](https://forum.makerdao.com/t/growth-cu-weekly-update-august-6-12/9824) - Working with various entities to help create a solution for Institutional Vaults. - The Institutional and Long-Term Vault proposal is our first step. We will then look into institutions for Dai loans. - Hoping to use loans as the middleman between Maker and Institutions. Currently speaking with two potential entities. - We plan to put up a weekly poll for the Paxos PSM. *Stars of the week:* - Bitbns, an Indian exchange, will include the DAI/INR pair and will start a series of campaigns to increase Dai awareness in the Indian market - Skylo App, a wallet for P2P transactions with DAI from BSC, runs campaigns in Latin America, mainly in Argentina and Venezuela. ### Sustainable Ecosystem Scaling [SES Public Drive](https://drive.google.com/drive/folders/1rjeOpHmE-kgFvkrliw2DlI810FhxPkp7) - Created a forecasting template for Dogfooding products available in our public drive. - Created an MKR Compensation template, which is found in our public drive. - Looking for talent! - Nebula presented yesterday for RWA and is up on [Youtube.](https://www.youtube.com/watch?v=ir2qZyHqTxc) *Upcoming:* - Tomorrow at 14:30 UTC, Jordan and Lenkla will present their first finding for Project X-Ray. - RWA: CapitalNow Cannabis - KYM: RWA Foundations with @SebVentures - CULPS: Strategic Happiness CU with Andrew Burban - Will be at [EthLisbon](https://www.ethlisbon.org/). ### MIPs [MIPs Update #48](https://forum.makerdao.com/t/weekly-mips-update-48/9757)