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# System prepended metadata

title: Glossary
tags: [EndGame Plan]

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tags: EndGame Plan
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# Glossary

#### Goal: to make an as-exhaustive-as-possible list of definitions 


## MIP83: Recognized Launch MetaDAO Clusters
### Endgame Products MIPs
- [Endgame Plan](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427): The Endgame Plan aims to overhaul the Maker Protocol, its governance, and its ecosystem so it can reach a self-sustainable equilibrium called an Endgame State where it is intrinsically resilient, and where the scope and complexity of the core system stops changing. The plan is based on reorganizing the existing complex decentralized workforce ecosystem into new self-sustainable DAOs called “MetaDAOs” leaving a simple Maker Core that can realistically be managed through decentralized governance by MKR token holders.
- [Endgame Plan Launch](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#the-6-launch-metadaos-54): The Endgame Plan Approval MIP Set is the first step in putting the Endgame Plan into action, with the sequential launch of six new MetaDAOs. They are prepared with complete, high-quality clusters for each of them so that they can all hit the ground running.The *6 Launch* contains two MetaDAOs of each class creating a strong foundation for lasting decentralization.
- [MetaDAO](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#metadaos-4): Born-decentralized DAOs with their own tokens on top of the Maker Core governance infrastructure.  Created to segregate, derisk, and parallelize Maker's highly complex governance processes. They can seek profit and compete with other MetaDAOs. Relies on MakerCore for arbitration and governance security. There are three classes of MetaDAOs: Governor, Creator, and Protector.
### Scope MIPs
- [Recognized Launch MetaDAO Clusters](https://forum.makerdao.com/t/endgame-approval-mip-set-next-steps/17553#h-1-recognized-launch-metadao-clusters-3): Recognized Launch MetaDAO Clusters are preliminary teams headed by an Incubating MetaDAO Facilitator authorized to use Core Units resources to make preparations for onboarding proposals to the Launch MetaDAOs. They consist of five Creators, two Protectors, and two Governors.
- [Cluster Proposal](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#metadao-clustering-and-workforce-48): An onboarding proposal to a future MetaDAO, after the Endgame Plan Launch has occurred and initial MetaDAO tokens have been distributed. Clustering entails preparing proposals and interacting with people who are thinking about farming MetaDAO tokens in order to gain support for future proposals. 
- [MetaDAO Class](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#deep-dive-on-the-3-metadao-classes-34):  There are three distinct classes of MetaDAOs with unique roles in the Maker Ecosystem: **Governors**, **Creators** and **Protectors**.
    * [**Governors**](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#governors-35), or GovernorDAOs, is responsible for organizing the Decentralized Workforce of Maker Core, and generally enhance governance participation and function of the Maker ecosystem. They operate Councils, Core Units, and Tribunals based on the Results Guarantee system.    
    * [**Creators**](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#creators-39), or CreatorDAOs, focus on growth and innovation in the Maker ecosystem and the fully decentralized, deep crypto ecosystem. Their focus is raw innovation and experimentation, both with technology but also with branding and meta development. 
   *  [**Protectors**](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#protectors-43), or ProtectorDAOs, are MetaDAOs focused on intermediating Maker Core's interaction with the physical world. Their primary focus is to allocate collateral to real-world assets, including Filler RWA Collateral and Clean Money RWA Collateral, and to protect Maker against physical and legal threats to its RWA collateral.
- [Cluster Facilitator](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427/2#recognized-launch-metadao-clusters-5) Have the mandate to prepare an onboarding proposal (Cluster Proposal) to a future MetaDAO alongside with their regular work in the Decentralized Workforce. They control the privileges that the clusters are attached to in order to maximally set up the cluster for success after onboarding to the Launch MetaDAOs.
- [Decentralized Workforce](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#decentralized-workforce-participation-42): Managed by the Governors, but to enforce decentralization and transparency, the actual execution work is done by independent parties that compete with each other in free and open processes to get the budget. 
- [MetaDAO Governance Process](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#metadao-clustering-and-workforce-48): MetaDAOs have an internal governance process that is similar to the governance process of Maker Core, with token voting, delegates that are coordinated with forum and discord discussions. The most important thing that MetaDAO governance must deal with is onboarding and managing their internal workforce.
- [MetaDAOs Internal Workforce](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#metadao-clustering-and-workforce-48): The internal workforce of a MetaDAO is split into teams. There is a maximum team size of 7 people per team. 
In general, there are two types of teams: Administration Teams and Contribution Teams.
    * **[Administration Teams](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#administration-teams-49)**, They directly interface with MetaDAO governance, make proposals, receive budgets and governance fast-track privileges. An Administration Team is led by one or more Facilitators, who use their governance privileges and budget powers through consensus.
    * [**Contribution Teams**](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#contribution-teams-50[](https://)) Specialist teams funded by Administration Teams. They have less exposure to the MetaDAO Governance and don’t make proposals or have governance fast-track privileges. They usually focus on more specialized work, such as development, risk, or marketing, depending on the class and priorities of the MetaDAO. 
- [MetaDAO tokens](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427/2#metadao-tokens-12): ERC20 tokens controlled by the Maker Pause Proxy with an initial supply of 4.6 billion distributed to the MetaDAO farms, MetaDAO Workforce Bonus Pools, and MetaDAO Treasury Funding Accounts
     * [**MetaDAO farms**](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427/2#metadao-farms-13): 2 billion MetaDAO tokens are sent to the MetaDAO farms to be farmed by Dai holders, ETHD Vault users and MKR governance participants over a period of 10 years.
     * [**MetaDAO Workforce Bonus Pools**](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427/2#metadao-workforce-bonus-pools-14): 400 million MetaDAO tokens are sent to the MetaDAO Workforce Bonus Pools, where they are controlled by MetaDAO token governance to provide attractive bonus incentives for the bootstrapping clusters.
    * [**MetaDAO Treasury Funding Account**](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427/2#metadao-treasury-funding-account-15): 200 million MetaDAO tokens are sent to the MetaDAO Treasury Funding Account. From there they are automatically sold for Dai (by first selling to MKR via Meta Elixir, and then to Dai via Elixir) over a period of two years

## MIP84: Activate Protocol Owned Vault Emulation
### Endgame Product MIPs
- [**Protocol-Owned Vault**](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#protocol-owned-vault-10): The Protocol Owned Vault is a special Maker Vault only usable by Maker Governance that holds EtherDai and potentially other decentralized assets as collateral, and then uses it to generate Dai. It cannot be liquidated and has no Stability Fee. 
- [**Protocol-Owned Vault Emulation**](https://forum.makerdao.com/t/mip84-activate-protocol-owned-vault-emulation/17713#specification-proposal-details-7): An approach to emulate the outcome of operating a Protocol-Owned Vault, but only using existing features of the Maker Protocol as it exists today. This is achieved by using the ability to set a negative lower limit to the surplus buffer in order to emulate a vault with an available debt ceiling and using the Pause Proxy and dss-kiln to accumulate collateral assets.
- [**EtherDai**](https://forum.makerdao.com/t/endgame-plan-v3-complete-overview/17427#etherdai-ethd-and-the-importance-of-ethereum-5): A new synthetic asset that is controlled by Maker Governance and aggregates the top liquid staking tokens for Staked ETH.
- [**Protocol-Owned Vault Emulation Collateral (POVEC)**](https://forum.makerdao.com/t/mip84-activate-protocol-owned-vault-emulation/17713#specification-proposal-details-7): Any Lido Staked ETH, EtherDai, Dai or LDO held in the Pause Proxy.
- [**Protocol-Owned Vault Emulation Debt Ceiling (POVEDC)**](https://forum.makerdao.com/t/mip84-activate-protocol-owned-vault-emulation/17713#specification-proposal-details-7): The amount of debt that Maker can incur based on the value of the POVEC and the target overcollateralization defined in this MIP. The lower negative limit of the Surplus Buffer is set to be equal to the POVEDC.
- [**Emulated Surplus Buffer Upper Limit**](https://forum.makerdao.com/t/mip84-activate-protocol-owned-vault-emulation/17713#specification-proposal-details-7): A quantity of Dai above the current surplus buffer lower limit.
- [**Protocol-Owned Vault Emulation Collateral Virtual Price Ceiling**](https://forum.makerdao.com/t/mip84-activate-protocol-owned-vault-emulation/17713#specification-proposal-details-7): A set price for the POVE’s Collateral, used to determine the POVEDC.
- [**Starting Collateral**](https://forum.makerdao.com/t/mip84-activate-protocol-owned-vault-emulation/17713#mip84c4-protocol-owned-vault-starting-collateral-11): The POVE will be bootstrapped with 40 million Dai that will be used to acquire the initial Lido Staked ETH collateral. This Dai is directly transferred from the Surplus Buffer to the Pause Proxy. If [MIP85](https://forum.makerdao.com/t/mip85-ldo-to-mkr-otc-swap/17714) is approved, then the POVE starting collateral will be increased by the market value of the LDO calculated at the time the proposal is passed
- [**Daily Collateral Purchase Rate**](https://forum.makerdao.com/t/mip84-activate-protocol-owned-vault-emulation/17713#mip84c7-daily-collateral-purchase-rate-14): Any Dai available in the Pause Proxy, whether from POVEDC or Starting Collateral, is used to accumulate Lido Staked ETH, and later EtherDai, at the rate of up to 500,000 Dai per day.

