Maker Endgame Documentation Endgame Overview Resources Glossary Gnosis Safe Multisig Signing Guide Maker Core Atlas

Course of action As Governance Facilitator, I would ask the Faraz to also publicly comment on Alice's request about increasing the Spork Dai Deposit Rate and how it affects the DSR. I would also ask Alice to publicly provide details about onboarding ABC. For example, there should be onboarding parameters like here. I would also check if she is satisfied with Faraz's recommendations for the gap and ttl before polling them. Once these issues are settled, I would create three polls: One to increase the Debt Ceiling, Target Available Debt, and Debt Ceiling Increase Cooldown, one to increase the Dai Deposit Rate, and one to onboard ABC token. Polls could be deployed the following Monday i.e. 24 July. Successful polls would be included in an upcoming Executive Vote. Forum post The Governance Scope approves polling the requested changes based on the recommendations of the Support Scope and the Stability Scope. To keep the polled issues separate, we will have three polls:

This is a list of questions that are currently open in Endgame. We endeavour to move answers from these questions into the remaining documents. {% hint style="warning" %} This list is a subjective list. Be aware that some questions may be out of date or have already been answered elsewhere. {% endhint %} Questions ADs and AVCs Which delegate should an MKR holder pick under a given AVC? Or if not under an AVC, how does an MKR holder pick an AD?Delegate metrics, some level of randomization, historic voting ADs cannot be involved in day to day marginal Governance. Then who does? Doesn't seem to be the AVC either.

Stability and Liquidity 500,000 DAI per quarter for Advisory Council Ecosystem Phoenix Labs: 347,100 DAI provided immediately upon a successful confirmation of the Incubating Ecosystem Actor in a Governance Poll. 17,000 DAI and 10 MKR per month for Developer Relations role Viridian: 257,250 DAI provided immediately upon successful confirmation of the Incubating Ecosystem Actor in a Governance Poll. 85,750 Dai per month for full team. dewiz: 150,000 DAI and 21 MKR per month. Sidestream: 70,912.5 DAI per month. Lots of other allocations set to 0 Dai for now.

Introduction The Endgame Plan seeks to increase Maker's exposure to staked ETH assets. This proposal presents a way for Maker to achieve this goal and improve other aspects of the protocol simultaneously. The main motivation is the following: Price oracles can be replaced by liquidity pools if the liquidity is guaranteed to remain there under stressful market conditions. When the liquidity is supplied by the protocol, the liquidity is guaranteed to remain there until Maker Governance moves it. We present a modified design for liquidity pools -- known as Protocol-Owned Liquidity Pools (POLPs) -- that removes the need for oracles and offers several additional benefits. It allows Maker to offer vaults using LP tokens as collateral. These vaults can potentially charge lower stability fees to compensate the vault owners for their exposure to impermanent loss. Unlike existing LP token vaults, this design also allows Maker to carry out instant liquidations without any auctions. In this document, we will consider stETH although the idea here should be generalized to include a generic staked ETH asset or EtherDai. Protocol-Owned Liquidity Pool (POLP)

Introduction The Maker Protocol mints the stablecoin Dai and backs its value using collateral such as ETH through overcollateralized vaults. In this document, we present an alternative design for Dai that uses special liquidity pools -- known as Vault Liquidity Pools (VLPs) -- to improve the design of the Maker Protocol. For ease of conceptual understanding, we make the following assumptions: Assume that there is only one type of collateral (ETH). Assume no OSM delay in liquidations. Assume that when a vault is liquidated, all the collateral in the vault is sold and the user gets nothing. All these assumptions can easily be relaxed to keep the design closer to the current one. They are made just for ease of explanation.

Overview A Scope is a broad focus area for Maker Governance and for any developmental work done to improve the protocol. Under the Endgame Plan, all protocol-related work and governance actions must fall under one of twelve Scopes. Every Scope has a Scope Framework. Scope Frameworks are modifiable subcomponents of the Maker Constitution. They contain the rules for all work, governance, and other processes under that Scope. The Maker Constitution's Articles and twelve Scope Frameworks together cover all possible rules and processes of MakerDAO. Types of Scopes Scopes are divided into three categories: Primary, Supporting, and Governance.

The Endgame Plan The Endgame Plan is a proposal to overhaul and improve the governance and tokenomics of the Maker Ecosystem. Its primary aim is for the ecosystem to reach a self-sustainable equilibrium called the Endgame State. In this state, the ecosystem is resilient, and the scope and complexity of Maker Core will no longer change. The Endgame Plan was introduced by Rune Christensen, the co-founder of Maker. After a series of initial discussions, Maker Governance accepted the MIP set ratifying this plan on 24 October 2022. The Endgame Plan remains in active development, led by Rune Christensen. The latest complete and published description of the Endgame Plan is available here. Note that some parts are now out of date. {% hint style="warning" %} This documentation describes planned functionality and processes that MakerDAO has not yet implemented. Be aware that parts may be inaccurate or out of date. {% endhint %} Goals

The Endgame Scopes are divided into three categories, Primary, Supporting, and Governance. Further, some scopes are Exclusive or Mandatory and these are denoted by (E) and (M) respectively. More details on the categorizations and tagging are provided on the Scopes and Frameworks page. {% hint style="warning" %} This documentation describes planned functionality and processes that MakerDAO has not yet implemented. Be aware that parts may be inaccurate or out of date. {% endhint %} Primary Scopes The following scopes are the primary scopes of the Endgame Constitution. Stability and Liquidity (E): This scope handles the management of a cashlike RWA portfolio. It is also responsible for the management of the Protocol-Owned Vault. When Dai is no longer pegged to 1 USD, this scope determines target inflation rates for Dai. Decentralized Collateral (E): This scope covers the onboarding, management, and offboarding of all decentralized collateral. This includes parameter adjustments, prioritization of new collateral types, onboarding work for new collateral types, vault adoption, and D3M connections to Creator SubDAOs. RWA Collateral (E): This scope covers the onboarding, management, and offboarding of Real World Assets collateral. It also covers the onboarding of new Peg Stability Modules. It includes parameter adjustments, prioritization of new collateral types, onboarding work for new collateral types, vault adoption, and D3M connections to Protector SubDAOs.

Working document to initially put down inconsistencies. Once discussed and addressed, they can be removed from here. Do any of the TBC docs need deletion/editing? SubDAOs/Classes/Governor -> SubDAOs/Classes/Facilitator SubDAOs/Clusters -> Delete, this is no longer a thing Maker Core/Scopes and Frameworks -> Maker Core/Scopes and Scope Frameworks Overview Charity and Scientific Sustainability as goals? Constitutional Voter Committees now

Collateral assets held by the Maker Protocol or its SubDAOs can be broken up into the following categories. Decentralized Ether: Examples include Ether, Liquid Staking Derivatives such as stETH or rETH, ETH/DAI liquidity pool tokens or EtherDAI. These are assets that are guaranteed to be truly decentralized and resilient at scale. The Endgame plan incentivizes increasing ETH-based collateral through the SubDAO yield farming for EtherDAI, and uses the Protocol-Owned Vault to accumulate more EtherDAI over time. Miscellaneous decentralized: Examples include ERC-20 tokens such as UNI, LINK, etc. as well as liquidity pool tokens involving these assets. These make DAI as decentralized and unbiased as possible. However, they are rarely scalable enough to be useful as collateral directly in Maker Core. Such tokens are mostly the responsibility of SubDAOs. MKR: The Endgame Plan significantly changes the tokenomics of MKR. The solvency backstop is no longer enforced and instead becomes optional. MKR can then be used as decentralized collateral to generate DAI through overcollateralized vaults. MKR can generate stability fees for the protocol, participate in governance, and farm SubDAO tokens. SubDAO tokens: These tokens are a source of decentralized collateral that can be used in overcollateralized vaults to generate DAI. However, SubDAO tokens also provide a solvency backstop to the SubDAOs. As a result, the maximum exposure to subDAO tokens via SubElixir is limited in Endgame. Real-World Assets (RWA) Cashlike: This refers to centralized stablecoins such as USDC and short-term government bonds. The role of these assets is to provide liquidity for DAI and enable its use as a currency. The major downside with Cashlike RWA is that they can be seized easily.

Summary of Open Decentralized Voter Committee | January 18, 2023 Disclaimer This is an AI generated summary. No manual curation has been done. There may be inaccuracies. Summary 00:00:00 This video is about the Open Decentralized Voter Committee, which is working on creating a Constitution for The in-game universe. The main points covered are that the Constitution must be decentralized to be effective, and that it will include a section on technology and governance. 00:05:00 The video discusses the importance of decentralized governance, voter apathy, and the need for meta engineering in order to address these issues. It also discusses the pre-game Constitution, which does not include references to issues such as the house or conflict of interest. 00:10:00 The video discusses Open Decentralized Voter Committee principles, which are designed to create a more democratic and equitable society. The video also discusses the importance of decentralization and maintaining the purpose of the Constitution. The last principle is Scientific Sustainability, which seeks to replace energy sources with nuclear power in order to maintain ecological balance.

Summary of Open Decentralized Voter Committee | January 11, 2023 Disclaimer This is an AI generated summary. No manual curation has been done. There may be inaccuracies. Summary 00:00:00 The speaker provides a rundown of the proposed pregame Constitution, which includes articles focused on constitutionalism and compliance. The pregame Constitution will be in effect for one and a half years, and key stakeholders will be notified of its existence. 00:05:00 The video explains how the Open Decentralized Voter Committee (ODCV) will work, starting with the election of delegates in January 2021. The Constitution will be updated every quarter, and the committee will focus on perfecting the rules. In the final stages, power will be transferred to delegates who are tightly regulated by the Constitution. Foreign experts will be needed to help write the Scopes and other important documents. 00:10:00 The video discusses Open Decentralized Voter Committee, which is an effort to create a Constitution for a game that will be more resistant to corruption.

Summary of Open Decentralized Voter Committee | January 4, 2023 Disclaimer This is an AI generated summary. No manual curation has been done. There may be inaccuracies. Summary 00:00:00 This video explains the new Constitution for Open Decentralized Voter Committee, which will have two versions: a pre-game Constitution and the actual game Constitution. This will help to avoid surprises and ensure that the game is implemented smoothly. 00:05:00 The video discusses the Open Decentralized Voter Committee, a proposed initiative to implement democratic reform as quickly as possible. The Committee would use quickly-developed tools to manage challenges and opportunities, with a focus on launching practical products that deliver value. 00:10:00 The video discusses the idea of an Open Decentralized Voter Committee, which is a step towards implementing the full end game of a Constitution and subdials. The Committee would be simpler and easier to implement than the full end game, and would serve as a stepping stone towards it. The idea is that the Committee would allow users to keep their earnings and avoid burning and consolidating the big MK holders.

Summary of Open Decentralized Voter Committee | 12.21.22 Disclaimer This is an AI generated summary. No manual curation has been done. There may be inaccuracies. Summary 00:00:00 The video discusses Open Decentralized Voter Committee, which is a project to create a formalized, constitutionalist approach to governance in the game. It is expected to be completed by January, and will improve transparency and predictability in the game. 00:05:00 The video discusses the Open Decentralized Voter Committee, which is a document that will contain all of the crucial details needed to run a decentralized voting system. The video explains that the document is more polished and complete, and that it is important that it is released in a more early stage so that the community can help improve it. 00:10:00 The video discusses how a decentralized voting committee could be implemented to prevent delegate takeover, which could be dangerous due to how obvious it is. The committee would need to be written in one document, and delegates would be heavily regulated to not abuse their power.

Summary of Open Decentralized Voter Committee | 12.14.22 | Endgame Constitution Disclaimer This is an AI generated summary. No manual curation has been done. There may be inaccuracies. Summary 00:00:00 The YouTube video discusses the Open Decentralized Voter Committee, which is preparing to define the content of the "Endgame Constitution" in the next quarter. The video also discusses the Constitution and how it will be implemented. 00:05:00 The video discusses the Open Decentralized Voter Committee, or "OCV Committee." The OCV Committee is an effort to move away from memes and acronyms and towards more technical terms and concepts. It is hoped that this will make the Constitution more concrete, and thus easier to understand. 00:10:00 The video discusses the principles and features of an Endgame Constitution, which is a proposed decentralized legal system. The three main elements are value flow, tokenomics, and meta engineering. Each of these is connected to the others, and the Constitution as a whole is meant to be a comprehensive guide for growth and safety in a decentralized world.

Summary of Open Decentralized Voter Committee | 11.30.22 | RWA Collateral Scope Framework Disclaimer This is an AI generated summary. No manual curation has been done. There may be inaccuracies. Summary 00:00:00 The presenter shares a draft of a Scope Framework document for decentralized governance. The document is designed to be functional and practical, and it is based on the analogy of laws in the real world. 00:05:00 The Open Decentralized Voter Committee framework is designed to help with the development of scopes for the Constitution of the Unchain Nation. The framework is updated every quarter and focuses on improving the efficiency and future-proofing of the scopes. 00:10:00 The speaker discusses the idea of a decentralized voter committee, which would have a scope framework that is never changed, and which would include articles on how to manage PSMs, how to allocate real assets, and how to create a decentralized collateral system.

Summary of Open Decentralized Voter Committee | 11.23.22 | Practical Implementation of Endgame Governance Disclaimer This is an AI generated summary. No manual curation has been done. There may be inaccuracies. Summary 00:00:00 This video discusses the four major work streams that need to be completed in order to prepare for the launch of The Meadows, an in-game ecosystem built on the Ethereum blockchain. The video also mentions that the smart contracts for the in-game plan are "reasonably safe," which is good news given the recent crypto market crash. 00:05:00 The video discusses the Open Decentralized Voter Committee, which is a proposal for a system in which voters can choose their representatives, and the two main work streams needed to make it a reality. First, there are the smart contracts needed to manage the voting process, and second, the decentralized front end that will be available to every metadata user. The video describes how these two work streams are connected, and outlines the progress that has been made so far. 00:10:00 The video discusses how Open Decentralized Voter Committee (Ovcc) is designed to help build a more fair and sustainable world. Ovcc consists of organizing metadatas, developing communities, and conducting governance reform. The video also describes how voter incentives will promote honesty and cooperation among delegates, leading to the recapture of value and the distribution of MPR to all participants.

Summary of Open Decentralized Voter Committee | 10.26.22 | Fixed Rate Strategies & Decentralized Scopes Disclaimer This is an AI generated summary. No manual curation has been done. There may be inaccuracies. Summary 00:00:00 The video discusses how Open Decentralized Voter Committee is working on strategies to retain users and increase engagement. One potential strategy is a bonus to front ends. 00:05:00 The video discusses how a decentralized voting committee that uses fixed rates can benefit both voters and makers. The video also showcases how this could be implemented in-game. 00:10:00 In this video, the Open Decentralized Voter Committee discusses how they plan to establish fixed rates for their ecosystem and how the scope framework will help to enforce these rates. They also discuss how the fixed rate module will be a new form of collateral that can be accessed by metadatas.

Summary of Open Decentralized Voter Committee | 10.16.22 | Clusters & Next Steps Disclaimer This is an AI generated summary. No manual curation has been done. There may be inaccuracies. Summary 00:00:00 The video discusses the announcement of protective clusters, which are groups of people that come together to work on a project. The next steps are to discuss the purpose 2.0 charity and clean money projects, and to talk about the practicalities of creating a protective cluster. 00:05:00 The video discusses the Open Decentralized Voter Committee, which is a way for groups of people to prepare proposals in the future. The next steps are to create launch metadats, which will be used for the launch of a new ecosystem. The Cluster Announcements video discusses how to become a part of the committee and the next steps for becoming a launch metadat. 00:10:00 The video discusses the Open Decentralized Voter Committee, which is a project to structure the workforce in a more decentralized way. The committee discusses the importance of multiple metadatas, the need for game-plan approval, and the importance of job security.