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# System prepended metadata

title: 'MIP55c3-SP9: MIP55c3-SP9: Legal & Risk Domain Work on Greenlit Collateral BlockTower Credit (RWA Arranger) SPF'
tags: [Summaries]

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tags: Summaries
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# MIP55c3-SP9: MIP55c3-SP9: Legal & Risk Domain Work on Greenlit Collateral BlockTower Credit (RWA Arranger) SPF
This is a summary of the contents of this subproposal and its impact, from GovAlpha's perspective:

- This is a valid subproposal to add a SPF, as defined in [MIP55: Special Purpose Fund](https://mips.makerdao.com/mips/details/MIP55).
- This SPF aims to fund the necessary legal work to onboard BlockTower Credit as a RWA Arranger. This work will be completed by @christiancdpetersen and @teej.
- The proposal requests 258,000 DAI. As per [MIP55c3](https://mips.makerdao.com/mips/details/MIP55#MIP55c3), it is eligible to enter the *Monthly* Governance Cycle after having fulfilled its four-week Feedback Period and its one-week Frozen Period.
- If this subproposal is ratified, 258,000 DAI will be transferred to the specified [MIP47-compliant](https://mips.makerdao.com/mips/details/MIP47) multisig wallet through the earliest executive vote.
- This proposal has been assigned `High-Impact` based on the methodology listed [here](https://forum.makerdao.com/t/introducing-impact-estimations/14267).

***Disclaimer: These summaries are intended to be a guide and not a source of truth. You remain responsible for any actions you take on the grounds of this information. Please note the date when the summary was last updated to judge accuracy.***