---
# System prepended metadata

title: 'Weekly MIPs Update #87 - May 16, 2022'
tags: [WMsU]

---

---
tags: WMsU
---

# Weekly MIPs Update #87 - May 16, 2022

![](https://i.imgur.com/O9xY82P.png)

## May's Ratification Polls are entering their second week 🧮

The five proposals that have been formally submitted for the May Governance Cycle are now entering their second week on-chain as [Ratification Polls](https://mips.makerdao.com/mips/details/MIP51#MIP51c2). The current leading option is `Yes` for all of them. Ratification Polls close next Monday.

| Proposal | [Impact Estimation](https://forum.makerdao.com/t/introducing-impact-estimations/14267) | Voting Portal |
|:-|:-|:-:|
| **MIP65: Monetalis Clydesdale: Liquid Bond Strategy & Execution**<br/><sub>[Forum](https://forum.makerdao.com/t/mip65-project-clydesdale-monetalis-arrangement-i-liquid-bond-strategy-execution/13148) \| [MIPs Portal](https://mips.makerdao.com/mips/details/MIP65)</sub><br/><br/><details>_"MIP65 will onboard and activate a RWA vault for the purpose of acquiring USDC via PSM and investing them in high quality liquid bond strategies held by a trust arranged and maintained by Monetalis."_</details>| 🔴 High | ![](https://i.imgur.com/PkWLAkI.png)|
| **MIP68: Monetalis Lusitano: UK Green Economy SME Wholesale Lending**<br/><sub>[Forum](https://forum.makerdao.com/t/mip68-monetalis-lusitano-uk-green-economy-sme-wholesale-lending/13789) \| [MIPs Portal](https://mips.makerdao.com/mips/details/MIP68)</sub><br/><br/><details>_"MIP68 is a self-contained collateral onboarding MIP that will onboard and activate a RWA vault backed by the assets of a trust arranged by Monetalis."_</details>| 🔴 High |![](https://i.imgur.com/S1xTlaN.png)|
| **MIP69: L2-to-L1 Fast Withdrawals**<br/><sub>[Forum](https://forum.makerdao.com/t/mip69-l2-to-l1-fast-withdrawals/14041) \| [MIPs Portal](https://mips.makerdao.com/mips/details/MIP69)</sub><br/><br/><details>_"This MIP formalises technical work completed to deliver Fast Withdrawals on Layer2."_</details>| 🔴 High |![](https://i.imgur.com/oZeL6D2.png)|
| **MIP4c2-SP19: MIP40 Budget Process Amendment**<br/><sub>[Forum](https://forum.makerdao.com/t/mip4c2-sp19-mip40-budget-process-amendment/14250) \| [MIPs Portal](https://mips.makerdao.com/mips/details/MIP4c2SP19)</sub><br/><br/><details>_"For the DAO to grow long-term, it is critical that MKR holders be able to evaluate and compare Budget Proposals with minimum cognitive overhead. Within this revised MIP, Core Units and proposed Core Units are required to submit standardized, transparent, and clear financial information. Budget Proposals must clearly serve a revenue-driving or supporting business purpose in line with the Objectives of the DAO."_</details>|🟡 Medium |![](https://i.imgur.com/fazWb50.png)|
| **MIP40c3-SP67: Modify Core Unit Budget - Strategic Happiness (SH-001)**<br/><sub>[Forum](https://forum.makerdao.com/t/mip40c3-sp67-modify-core-unit-budget-strategic-happiness-sh-001/13805) \| [MIPs Portal](https://mips.makerdao.com/mips/details/MIP40c3SP67)</sub><br/><br/><details>_"MIP40c3-SP67 updates the budget to expand the Strategic Happiness Core Unit, SH-001. It proposes an updated budget breakdown for DAI and MKR. In total, 770,000 DAI is requested (230,000 DAI up-front). Additionally, a 250 MKR vest is requested, streamed over 4 years with an 18-month cliff. A pro-rated offboarding term is also proposed for 2 months of funding if, after funding this Core Unit until March 15, 2023, the community decides not to renew a further budget."_</details>| 🔴 High |![](https://i.imgur.com/pOz9wnk.png)|

## Proposals in RFC :pencil:

> <sub>:calendar: --- RFC and FS Dates for reference and for existing proposals can be seen [on this **proposal tracker**](https://docs.google.com/spreadsheets/d/1OHZa-f4C2Z8PteZBb1Mfiz-MJn5Ky_PM15mM1QLgIRY/).</sub>
> <sub>If you have any questions about the voting process at MakerDAO, the [Practical Guide to Voting](https://manual.makerdao.com/governance/voting-in-makerdao/practical-guide-voting) will be useful.</sub>

One new proposal was posted last week. We have now eight active proposals in RFC. Most of them are eligible to enter the upcoming June's Governance Cycle, except from MIP4c2-SP21.

| Proposal | Author |
|:-|:-:|
| [MIP4c2-SP15: Core Unit Offboarding Process Amendments](https://forum.makerdao.com/t/mip4c2-sp15-core-unit-offboarding-process-amendments/12920)<br/><br/><details>_"Recent events have shown the process for involuntarily offboarding facilitators and core units could be improved. These changes are an attempt to make the process more transparent, orderly, and conducive to substantive discussion surrounding an offboarding proposal prior to a vote."_</details>| @gfxlabs, with @twblack88 currently running point on it |
|[MIP72: Delegated Collateral Attachment - RWA Arranger Application - 6s Capital](https://forum.makerdao.com/t/mip72-delegated-collateral-attachment-rwa-arranger-application-6s-capital/14482)<br/><br/><details>_"MIP72 authorizes 6s Capital as a Real World Asset Arranger for MakerDAO to cause commerce by assembling commercial senior-secured transactions based on the authorization #001 outlined herein."_</details> | @mrabino1 |
|[MIP4c2-SP20: MIP16 Amendments](https://forum.makerdao.com/t/mip4c2-sp20-mip16-amendments/14980)<br/><br/><details>_"MIP4c2-SP20 amends [MIP16](https://mips.makerdao.com/mips/details/MIP16) to reflect the changes to the weekly Executive Vote cadence proposed by the Protocol Engineering Core Unit [here](https://forum.makerdao.com/t/governance-cadence-improvement/14972)."_</details> | @Patrick_J |
|[MIP41c4-SP34: Immunefi Security Core Unit Facilitator Onboarding - IS-001](https://forum.makerdao.com/t/mip41c4-sp34-immunefi-security-core-unit-facilitator-onboarding-is-001/14610)<br/><br/><details>_"Add @psychonaut (Jpritikin Industries, Inc) as a co-Facilitator for Core Unit IS-001: Immunefi Security."_</details> | @psychonaut |
|[MIP41c4-SP35: Facilitator Onboarding (DIN-001)](https://forum.makerdao.com/t/mip41c4-sp35-facilitator-onboarding-din-001/14948)<br/><br/><details>_"This subproposal adds @tadeo as the Facilitator for the Data Insights Core Unit."_</details> | @tadeo |
|[MIP41c5-SP6: Facilitator Offboarding (DIN-001)](https://forum.makerdao.com/t/mip41c5-sp6-facilitator-offboarding-din-001/14946)<br/><sub>Note that this is a voluntary offboarding and will not be voted on.</sub><br/><br/><details>_"This subproposal is to offboard the current Facilitator of the Data Insights Core Unit (DIN-001)."_</details> | @tmierzwa |
|[MIP55c3-SP4: Adding a Special Purpose Fund - Makershire Hathaway](https://forum.makerdao.com/t/mip55c3-sp4-adding-a-special-purpose-fund-makershire-hathaway/14643)<br/><br/><details>_"The Makershire Hathaway Special Purpose Fund will be a 10M pool managed by Strategic Finance CU under the supervision of Risk CU and prospective Lending Oversight CU to experiment with various yield generation strategies and support DAI liquidity/utility."_</details> | @aes |
|[MIP4c2-SP21: Add Retrospection Process to prune unused MIPs](https://forum.makerdao.com/t/mip4c2-sp21-add-retrospection-process-to-prune-unused-mips/15142)<br/><br/><details>_"Bureaucracy tends to grow without active pruning. The goal of the Retrospection Process is to surface a process to help prune unused or low-utility MIPs. This process also helps introduce and familiarize the broader community with MIPs that continue to be used."_</details> | @psychonaut |

   
## Things to Come :crystal_ball: 

- Ratification Polls will close next Monday, on May 23.
- Last day of modifications for Proposals entering June's Governance Cycle is Wednesday June 1st.
- June's Formal Submission Window opens on June 6.

---

## oh btw

For anything MIP-related: reach out to @gala, @sebix, or @blimpa!


## Pre-MIP Discussions

* [Anti-inflationary Proposal](https://forum.makerdao.com/t/anti-inflationary-proposal/13928)
* [Auction-backed DAI](https://forum.makerdao.com/t/auction-backed-dai/13011/11)
* [IAM for Surplus Buffer](https://forum.makerdao.com/t/premip-iam-for-surplus-buffer/11584)
* [Proposal Ideas on the Forum](https://forum.makerdao.com/c/mips/proposal-ideas/21?order=activity)
* [[Pre-MIP] Using Gyroscope to cut through Dai’s Gordian knot: its USDC dependency](https://forum.makerdao.com/t/pre-mip-using-gyroscope-to-cut-through-dai-s-gordian-knot-its-usdc-dependency/8865)
* [An RWA style solution to replace the PSM](https://forum.makerdao.com/t/an-rwa-style-solution-to-replace-the-psm/8705)