--- tags: WMsU --- # Weekly MIPs Update #79 ![](https://i.imgur.com/nLzZ2jE.png) ## March Ratification Polls Enter Their Second Week :ballot_box_with_ballot: > <sub>:calendar: --- RFC and FS Dates for reference and for existing proposals can be seen [on this **proposal tracker** (WIP)](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> The nine proposals that have been formally submitted for the March Governance Cycle are now entering their second week on-chain as Ratification Polls. | Proposal | Snapshot of the votes as of 21-03-2022 at 15:31 UTC| |:-|:-:| | **MIP61: Recognized Delegates Compensation**<br/><br/><details>_"Governance Facilitators will compute and send the compensation to Recognized Delegates starting from the MIP adoption date with payments sent monthly."_</details> | ![](https://i.imgur.com/0sXYhN2.png)<br/><br/>[Go to voting page](https://vote.makerdao.com/polling/QmTvzCjL) | | **MIP63c4-SP2: Onboard/Amend Keeper Network - Keep3r Network**<br/><br/><details>_"This is an onboarding application for Keep3r Network. A decentralized, permissionless keeper network."_</details> | ![](https://i.imgur.com/hU1t3T9.png)<br/><br/>[Go to voting page](https://vote.makerdao.com/polling/QmaEfChz) | | **MIP63c4-SP3: Onboard/Amend Keeper Network - Gelato Network**<br/><br/><details>_"Gelato Network is Web3’s automation network, enabling developers to automate a wide variety of arbitrary smart contract executions on and across all EVM-based compatible blockchains such as Ethereum."_</details> | ![](https://i.imgur.com/rAoArkf.png)<br/><br/>[Go to voting page](https://vote.makerdao.com/polling/QmTnVxAL) | | **MIP4c2-SP17: Rapid Payment for Small Bug Bounties (MIP64, MIP40c3-SP42 Amendment)**<br/><br/><details>_"The current bug bounty payment process is adequate for large payouts, but inconvenient for small payouts. This MIP adds a small payout process."_</details> | ![](https://i.imgur.com/f8hNLac.png)<br/><br/>[Go to voting page](https://vote.makerdao.com/polling/QmRdVByP) | | **MIP13c3-SP12: Declaration of Intent - Invest in short-term bonds**<br/><br/><details>_"As of writing, around 60% of the MakerDAO balance sheet is in stablecoin. We are often above 50% of stablecoin for the last 18 months. This provides no revenues for MakerDAO, provides bad PR and significant counterparty risk on Circle, and to a lesser extent on Paxos. MakerDAO governance wish for any party to provide a comprehensive solution to this matter."_</details> | ![](https://i.imgur.com/0Gwbe6L.png)<br/><br/>[Go to voting page](https://vote.makerdao.com/polling/QmR6QMt6) | | **MIP40c3-SP60 Modify GovAlpha Core Unit MKR Budget**<br/><br/><details>_"This budget consists of two key parts, retroactive compensation for @LongForWisdom and an MKR Compensation framework for GovAlpha. Overall, this proposal would commit 227.64 MKR to GovAlpha contributors, covering MKR compensation for the Core Unit from its inception. This is approximately 67.06 MKR/FTE/Year. Subsequent requests will take place every 6 months, featuring the same 12-month cliff. Contributors do not forfeit their vesting upon leaving GovAlpha, providing that their departure is a smooth transition and there have been no serious ethical breaches."_</details> | ![](https://i.imgur.com/lIJWcpP.png)<br/><br/>[Go to voting page](https://vote.makerdao.com/polling/QmefuvKL) | | **MIP40c3-SP59: GovAlpha Budget 2022-23**<br/><br/><details>_"MIP40c3-SP59 adds a 12-month DAI budget of 1,109,793 DAI for the GovAlpha Core Unit starting in April 2022. This will be implemented via a 89,983 DAI per month stream and an initial transfer of 30,000 DAI."_</details> | ![](https://i.imgur.com/M48TI0a.png)<br/><br/>[Go to voting page](https://vote.makerdao.com/polling/QmSBytmr) | | **MIP40c3-SP61: Modify Core Unit Budget - Real-World Finance (RWF-001)**<br/><br/><details>_"MIP40c3-SP61 modifies the Dai budget for the Real-World Finance Core Unit. Based on the new vision for structured finance applications 1, which includes a more thorough legal review process, and the currently available funds, a higher budget cap is proposed to ensure the proper operations of the Core Unit."_</details> | ![](https://i.imgur.com/feknhzf.png)<br/><br/>[Go to voting page](https://vote.makerdao.com/polling/QmXDh7RR) | | **MIP41c5-SP5: Facilitators Offboarding**<br/><br/><details>_"After wasting everyone’s time and delivering zero results --both in terms of branding or monetary-- we need to remove this team to allow for space so that other teams can grow into it. This team representing Maker is enough to discourage new talent from joining the DAO. The quality bar needs to be several miles higher."_<br/><br/>:information_source: **This proposal offboards MDS-001 fully.** </details> | ![](https://i.imgur.com/ptjDVGc.png)<br/><br/>[Go to voting page](https://vote.makerdao.com/polling/QmV3Lem7) | These Ratification Polls will run until Monday, March 28. Additionally, we have [a Signal Request](https://forum.makerdao.com/t/signal-request-promote-mip4c3-sp2-mip62-amendments-to-an-on-chain-poll/13972) to promote [amendments to MIP62](https://forum.makerdao.com/t/mip4c3-sp2-mip62-amendments/13779) to an on-chain three-day poll, as per [MIP4c3](https://mips.makerdao.com/mips/details/MIP4#MIP4c3). This Signal Request will run until March 23. ## Latest Proposals in RFC :mag_right: There are 17 recent/active proposals with RFC status, most of which are eligible to enter the [April Governance Cycle](https://hackmd.io/M5q-z6rEStau5kAxdpLISw?both#Things-to-Come-). Some, however, still need further definition and adjustments before they can be formally submitted; others will have to wait until the May Governance Cycle; and yet others will enter the Weekly Cycle instead. ![](https://i.imgur.com/wnaA92o.png) | Proposal | Author | Governance Cycle | |:-|:-:|--| | [MIP65: Project Clydesdale: Monetalis Arrangement I: Liquid Bond Strategy & Execution](https://forum.makerdao.com/t/mip65-project-clydesdale-monetalis-arrangement-i-liquid-bond-strategy-execution/13148)<br/><br/><details>_"The MIP intends to 1) set up a starting Liquid Bond Strategy to replace part of the Maker USDC funds; 2) select a professional fund manager for the execution of the above strategy; 3) set up a Maker Execution and Governance Operating platform necessary for implementation; 4)implement and Deploy USDC [TBD]; 5) devise a staged plan for further deployment."_</details> |@Allan_Pedersen| Monthly| | [MIP66: Pairwyse Licensure](https://forum.makerdao.com/t/mip66-pairwyse-licensure/13554)<br/><br/><details>_"Pairwyse is an active protocol and blueprint for creating bespoke fixed-rate DAI lending and investment Agreements on MakerDAO between borrowers and lenders. We wish to thank the Maker Community for its previous feedback concerning the negative impact of patents on open source projects and potential concentration risks posed by fixed-rate innovations currently incubating in the Maker ecosystem. In posting this MIP, we wish to directly address these shared concerns with a fresh proposal we feel is favorable for Maker DAO, its contributors, its users and all current and future DeFi innovators throughout the collective ecosystem."_</details> |@Akiva|Monthly| | [MIP39c2-SP30: Governance Communications Core Unit, COM-001 (Mandate Refresh)](https://forum.makerdao.com/t/mip39c2-spx-governance-communications-core-unit-com-001-mandate-refresh/13197)<br/><br/><details>_"The Governance Communications Core Unit performs a set of programs that focus on MakerDAO’s informational accessibility, stakeholder coordination, and communication practices as a decentralized and public organization."_</details> |@DavidUtro|Monthly| |[MIP67: Methodology Review and Process for Structured Finance Transactions](https://forum.makerdao.com/t/mip67-methodology-and-review-process-for-structured-finance-transactions/13737)<br/><br/><details>_"MIP67 intends to formalise the methodology and high-level process to evaluate structured finance transactions made under the MIP6 application process."_</details>|@williamr|Monthly| |[MIP6c3-SP2: Modify the Collateral Application Form](https://forum.makerdao.com/t/mip6c3-sp2-modify-the-collateral-application-form/13787)<br/><br/><details>_"The goal is therefore to amend the collateral application template to contain relevant questions that allow Core Units and the MakerDAO community to more easily make an informed opinion on whether or not a collateral type is fit to be greenlit to be onboarded into the Maker Protocol."_</details>|@monkey.irish|Monthly| |[MIP68: Monetalis Vault V2](https://forum.makerdao.com/t/mip68-monetalis-vault-v2/13789)<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>|@AllanPedersen|Monthly| |[MIP69: L2-to-L1 Fast Withdrawals](https://forum.makerdao.com/t/mip69-l2-to-l1-fast-withdrawals/14041)<br/><br/><details>_"Teleporting DAI from L2 to L1 is known as a “Fast Withdrawal”. To complete a fast withdrawal, DAI is burnt on L2, minted on L1, and sent to the user as soon as the L2 transaction is confirmed. This MIP focuses on the above L2 to L1 transaction. L2 to L2 transactions will be defined in a future MIP when the full wormhole functionality is ready to be launched."_</details>|@Protocol-Engineering|Monthly (May at the earlierst)| |[MIP40c3-SP65/66, MIP41c4-SP33, MIP39c2-SP32: Events Core Unit Onboarding (EVENTS-001)](https://forum.makerdao.com/search?expanded=true&q=%22(EVENTS-001)%22%20%23mips%3Arfc)<br/><br/><details>_"The Events Core Unit will handle planning, organization, and execution of MakerDAO branded events. Our vision is to use an exhaustive list of themes, visuals, set dressing, technology and branding to carry out events to the highest standards for the MakerDAO community."_</details>|@PonJerry|Monthly| |[MIP55c3-SP3: ETHAmsterdam Event SPF](https://forum.makerdao.com/t/mip55c3-sp3-ethamsterdam-event-spf/13781)<br/><br/><details>_"The purpose of this sub proposal is to allocate 50,000 DAI for the MakerDAO event in Amsterdam scheduled between April 20-24, 2022."_</details>|@PonJerry|[Weekly](https://mips.makerdao.com/mips/details/MIP55#MIP55c3)| |[MIP4c2-SP18: MIP7 Amendments](https://forum.makerdao.com/t/mip4c2-sp18-mip7-amendments/13788)<br/><br/><details>_"Due to the expansion of the MakerDAO Core Units (CU) and the focus on crypto native and real world assets (RWA), a Domain Team is requested to be added to better support the collateral onboarding process: Collateral Engineering Services Team"_</details>|@monkey.irish|Monthly| |[MIP7c3-SP7: CES Domain Team Onboarding](https://forum.makerdao.com/t/mip7c3-sp7-ces-domain-team-onboarding-ces-001/13794)<br/><br/><details>_"Collateral Engineering Services Domain Team is a new Domain Team proposed in MIP4c2-SP18 and is currently in RFC."_</details>|@monkey.irish|Monthly| |[MIP4c3-SP2: MIP62 Amendments](https://forum.makerdao.com/t/mip4c3-sp2-mip62-amendments/13779)<br/><br/><details>_"This subproposal amends MIP62c2 1 and MIP62c3 to reflect the offboarding of the Content Production Core Unit (MKT-001) that occurred with the passage of MIP41c5-SP3 and MIP40c3-SP49."_</details>|@Patrick_J|[Weekly](https://mips.makerdao.com/mips/details/MIP4#MIP4c3)| | [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 @twblack currently running point on it|Monthly| |[MIP40c3-SP67: Modify Core Unit Budget - Strategic Happiness (SH-001)](https://forum.makerdao.com/t/mip40c3-sp67-modify-core-unit-budget-strategic-happiness-sh-001/13805)<br/><br/><details>_"MIP40c3-SP67 updates the budget to expand the Strategic Happiness Core Unit, SH-001.It includes a proposal for a new budget breakdown for DAI and MKR"_</details>|@aburban90|Monthly| |[MIP40c3-SP62: Modify Core Unit Budget, COM-001](https://forum.makerdao.com/t/mip40c3-sp62-modify-core-unit-budget-com-001/13654)<br/><br/><details>_"MIP40c3-SP62 slightly modifies the existing budget for COM-001 and extends funding to the end of December 2022."_<br/></br> :information_source: **Upon its passing, MIP40c3-SP62 will be carried out _unless_ MIP40c3-SP63 passes, in which case the latter will be carried out.**</details>|@DavidUtro|Monthly| |[MIP40c3-SP63: Modify Core Unit Budget, COM-001](https://forum.makerdao.com/t/mip40c3-sp63-modify-core-unit-budget-com-001/13654)<br/><br/><details>_"MIP40c3-SP63 significantly modifies the existing budget for COM-001, adding a fourth FTE, and extends funding to the end of December 2022."_</details>|@DavidUtro|Monthly| |[MIP40c3-SP64: Add Data Insights Core Unit Budget](https://forum.makerdao.com/t/mip40c3-sp64-add-data-insights-core-unit-budget/13791)<br/><br/><details>_"This subproposal adds the budget for Data Insights Core Unit. It’s a regular monthly budget of 88,600.00 DAI from May 2022 until April 2023, included"_</details>|@tmierzwa|Monthly| |[ MIP39c2-SP31: Update Data Insights Core Unit Mandate](https://forum.makerdao.com/t/mip39c2-sp31-update-data-insights-core-unit-mandate/13790)<br/><br/><details>_"This subproposal modifies the Data Insights Core Unit (DIN-001) mandate previously ratified with [MIP39c2-SP22](https://forum.makerdao.com/t/mip39c2-sp22-adding-data-insights-core-unit-din-001/10208). It’s mostly about simplification of the previous document and stressing of our focus on L2 and cross-chain data as well as RWA datasets."_</details>|@tmierzwa|Monthly| |[MIP40c3-SP68: Modify Protocol Engineering Core Unit Budget - (PE-001)](https://forum.makerdao.com/t/mip40c3-sp68-modify-protocol-engineering-core-unit-budget-pe-001/13797)<br/><br/><details>_"This subproposal is requesting a 12 month Budget of 7,590,000 DAI for the Protocol Engineering Core Unit starting from May 2022. This will be implemented via a 632,500 DAI per month stream using DssVest."_</details>|@Derek|Monthly| |[MIP47c3-SP1: Dissolution of Content Production (MKT-001) Multi-Sig Request](https://forum.makerdao.com/t/mip47c3-sp1-dissolution-of-content-production-mkt-001-multi-sig-request/13991)<br/><br/><details>_"Now that the Content Production Core Unit has been offboarded, their wallet should be removed from the recognized multi-sig list. Currently, no funds are available in the multi-sig, but it can still claim ~3.8k DAI from their canceled budget stream."_</details>|@prose11|Monthly| --- ## Things to Come :crystal_ball: - The last day of modifications for proposals that can enter the April Governance Cycle is March 30, 2022. - The next Formal Submission Window will be open from Monday, April 4th through Wednesday 6th. - To enter the May Governance Cycle, a proposal must be posted on the forum on April 6th at the latest. ![](https://i.imgur.com/99N6KEI.png) --- > ## oh btw > > * Uhm. I'm pretty sure something's slipping my mind right now. > * Anyway, 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)