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# System prepended metadata

title: 'G&R #154 Snippet'
tags: [Snippets]

---

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tags: Snippets
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# 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)
