---
# System prepended metadata

title: 'Episode #205: August 25<sup>th</sup>, 2022'
tags: [G&R]

---

---
tags: G&R
---

# Episode #205: August 25<sup>th</sup>, 2022

## Agenda

- [00:00](https://youtu.be/AXjYV85RLZQ): Introduction
- [4:32](https://youtu.be/AXjYV85RLZQ?t=272): Votes and Polls
- [7:13](https://youtu.be/AXjYV85RLZQ?t=433): MIPs Update
- [13:55](https://youtu.be/AXjYV85RLZQ?t=835): Weekly Forum Recap
- [18:05](https://youtu.be/AXjYV85RLZQ?t=1085): Initiatives Update: Governance Dashboard Demo
- [33:00](https://youtu.be/AXjYV85RLZQ?t=1980): Discussion: N6M Target Spend Level Review
- [50:40](https://youtu.be/AXjYV85RLZQ?t=3040): Discussion: RWF and RWF0x Split

## Video

[Link](https://youtu.be/AXjYV85RLZQ)

## General Updates

### Votes

#### Payton Rose

[4:37](https://youtu.be/AXjYV85RLZQ?t=277)

![Signal Update - MKR Pro-Rata Vesting Community Sentiment Poll](https://i.imgur.com/Pj4AJtz.png)

> <sup>:mega: Forum Post: [_Signal Update - MKR Pro-Rata Vesting Community Sentiment Poll_](https://forum.makerdao.com/t/signal-request-mkr-pro-rata-vesting-community-sentiment-poll/17350)</sup>
> - *Polls:* -- [5:51](https://youtu.be/AXjYV85RLZQ?t=351)
> - *Executive Votes:* -- [6:41](https://youtu.be/AXjYV85RLZQ?t=401)

### MIPs

#### Gala

[7:23](https://youtu.be/AXjYV85RLZQ?t=443)

[Weekly MIPs Update #101](https://forum.makerdao.com/t/weekly-mips-update-101/17392)

![](https://i.imgur.com/587ZZDG.png)
> [<sup>:mega: _Important Dates:_</sup>](https://youtu.be/AXjYV85RLZQ?t=743) <sup>The last day for introducing modifications in the proposals eligible to enter the September Cycle is August 31! The Formal Submission window opens on Monday, September 5.</sup>

##### Ratification Poll Outcomes

> - _Top Level MIPs_ -- [7:40](https://youtu.be/AXjYV85RLZQ?t=460)
> - _Core Unit Budgets_ -- [8:02](https://youtu.be/AXjYV85RLZQ?t=482)
> - _Core Unit Offboardings_ -- [8:20](https://youtu.be/AXjYV85RLZQ?t=500)
> - _Amendments_ -- [8:30](https://youtu.be/AXjYV85RLZQ?t=510)

##### Proposals in RFC
> - _MIP Sets_ -- [9:41](https://youtu.be/AXjYV85RLZQ?t=581)
> - _Core Unit Onboardings_ -- [10:11](https://youtu.be/AXjYV85RLZQ?t=611)
> - _Special Purpose Funds_ -- [10:24](https://youtu.be/AXjYV85RLZQ?t=624)
> - _MKR Budgets_ -- [11:03](https://youtu.be/AXjYV85RLZQ?t=663)
> - _Core Unit Offboardings_ -- [11:17](https://youtu.be/AXjYV85RLZQ?t=677)
> - _Facilitator Offboarding_ -- [11:30](https://youtu.be/AXjYV85RLZQ?t=690)
> - _Facilitator Onboarding_ -- [11:43](https://youtu.be/AXjYV85RLZQ?t=703)
> - _Amendments_ -- [11:54](https://youtu.be/AXjYV85RLZQ?t=714)

> :mag_right: _Important Dates: 
> Two short Ratification Polls will go on-chain on Monday, August 29<sup>th</sup>. 
> The last day for introducing modifications in the proposals eligible to enter the September Cycle is August 31<sup>st</sup>.
> The Formal Submission window opens on Monday, September 5<sup>th</sup>._

### Weekly Forum Recap

#### Artem Gordon

[13:55](https://youtu.be/AXjYV85RLZQ?t=835)

_Post:_ [Weekly Forum Recap -- August 18<sup>th</sup> - 24<sup>th</sup>, 2022](https://forum.makerdao.com/t/weekly-forum-recap/16247/13)

- _**News & Announcements:**_
    - [Jason Yanowitz Delegate Platform](https://forum.makerdao.com/t/jason-yanowitz-delegate-platform/17408)
    - [Offboarding MIP7c3-SP4 Domain Team Mandated Actors](https://forum.makerdao.com/t/offboarding-mip7c3-sp4-domain-team-mandated-actors/17390)

- _**Signal Requests:**_
    - [MKR Pro-Rata Vesting Community Sentiment Poll](https://forum.makerdao.com/t/signal-request-mkr-pro-rata-vesting-community-sentiment-poll/17350)
    - [Changing USDC-PSM fees](https://forum.makerdao.com/t/signal-request-changing-usdc-psm-fees/17304)

## Initiatives Update

### Governance Dashboard Demo

#### Hernando Guzman

[18:05](https://youtu.be/AXjYV85RLZQ?t=1085)

![Governance Dashboard Demo](https://i.imgur.com/2gLw6RS.png)

> <sup>:bar_chart: [_Governance Dashboard_](https://www.makerdao-governance-dashboard.com/)</sup> <sup> -- _Forum Post:_ [_Announcing Governance Dashboard v2_](https://forum.makerdao.com/t/announcing-governance-dashboard-v2/17159)</sup>
> - _Origin and Preamble_ -- [18:26](https://youtu.be/AXjYV85RLZQ?t=1106)
> - _Features: Stats_ -- [22:08](https://youtu.be/AXjYV85RLZQ?t=1328)
> - _Features: Tracker_ -- [27:01](https://youtu.be/AXjYV85RLZQ?t=1621)
> - _Features: Delegates_ -- [28:01](https://youtu.be/AXjYV85RLZQ?t=1681)

#### Q&A

[31:31](https://youtu.be/AXjYV85RLZQ?t=1891)

- **Payton Rose:** Chris Blec asks how poll participation is calculated.
    - **Hernando:** The metrics come from the [Governance Tracker](https://docs.google.com/spreadsheets/d/1LWNlv6hr8oXebk8rvXZBPRVDjN-3OrzI0IgLwBVk0vM/edit#gid=0) sheet by GovAlpha.
 
## Discussion

### N6M Target Spend Level Review

#### Adrian

[33:00](https://youtu.be/AXjYV85RLZQ?t=1980)

![](https://i.imgur.com/ROdzXV8.png)
> <sup>:mega: _Forum Post: [[Signal Request] N6M Target Spend Level](https://forum.makerdao.com/t/signal-request-n6m-target-spend-level/17122)_</sup> <sup> -- _[Voting Portal](https://vote.makerdao.com/polling/QmY8Fs9t#vote-breakdown)_</sup>
> - _Origin and Preamble_ -- [33:17](https://youtu.be/AXjYV85RLZQ?t=1997)
>  - _Process_ -- [35:52](https://youtu.be/AXjYV85RLZQ?t=2152)
>  - _Helper Template_ -- [37:09](https://youtu.be/AXjYV85RLZQ?t=2229)

#### Q&A

[38:46](https://youtu.be/AXjYV85RLZQ?t=2326)

- **Payton Rose:** There was a comment regarding Oracles and their latest approved budget, as well as them voluntarily proposing lower spending in exchange for not being subject to further cuts.

[40:16](https://youtu.be/AXjYV85RLZQ?t=2416)

- **Andrew Burban:** This complicates the overall system of calculating expenditures rather than simplifying it. Trying to reduce, you make it more expensive. Do you want to introduce complexity in the name of reducing spending?

[42:40](https://youtu.be/AXjYV85RLZQ?t=2560)

- **Payton Rose:** _15 million DAI_ was the winning option on the on-chain poll. Should we further explore those results and explain what that means to people?

[47:00](https://youtu.be/AXjYV85RLZQ?t=2820)

- **Payton Rose:** People coming into our Discord, the forum, and our calls, express worry or concern over the amount of spending versus revenue. How could we address those concerns within an organization of 20 independent teams? The default is to wait for them to voluntarily propose a lower budget, which could be a slow process. It is a pressing governance topic.

## Discussion

### RWF and RWF0x Split

[51:22](https://youtu.be/AXjYV85RLZQ?t=3082)

- **Joshua:** I posted on the forum asking why RWF-0x was trying to split the budget from the original RWF CU instead of just getting a new budget so they would be two independent CUs. If the old one wanted to shut down because of William’s off-boarding proposal, that could also happen. It seems simpler. I wonder why my post did not get a response, and if anyone wants to respond, I would be curious to hear.
    - **TJ:** In the beginning, the current RWF-001 facilitator prompted us to spin out a CU. Given that stamp of approval, we figured the staff would be free to join one CU and another CU. This was a spin-out, and we would split the existing budget. Due to the backdrop of the bear market, we need to tighten our belts. It would be more palatable and reasonable to split existing resources instead of going into the DAO and requesting new resources.
    - **Christian:** As we anticipated, the existing budget would carry us through to the next budget cycle.
    - **Payton Rose:** On the governance end, it combines an onboarding and budget reduction proposal into one. It is not complicated from that perspective. However, we can see why socially, people might have strong opinions, depending on their supporters of either of the groups.
- **Joshua:** I do not have any objection if everyone is okay with splitting the budget.

[56:01](https://youtu.be/AXjYV85RLZQ?t=3361)

- **TJ:** Josh, when you said it could influence the vote, do you mean perversely, or will it just influence the vote?
    - **Joshua:** I mean, perversely. If William feels onboarding the 0x Core Unit is an attack on his unit, he could lobby against it just for that reason. If they were independent, he would not have that excuse to complain about it. But I do not have an objection if he is okay with it. It just seems weird to open that door.
    - **Christian:** There have been comments in the forum regarding competition between CUs that are entirely inconsistent with a desire for the CUs to perform. If you split a CU, you are forcing competition, whether Will likes the proposal. We were trying to offer Maker an effective execution of deals, transparency, and a strategy. Having competition between CUs is valuable because Maker token holders say they want KPIs and performance with measurable benchmarks.
    - **Joshua:** Christian, I applaud your willingness to be competitive. However, you only need less than six months’ budget. It would seem much cleaner from a voting perspective if the proposals were independent.

[1:00:56](https://youtu.be/AXjYV85RLZQ?t=3656)

- **Eric Rapp:** If you were to put forward a proposal to off-board and replace Will because he is terrible, I would be okay with that procedure. However, there is this implication when you say I will take three-fourths of his budget when he has not agreed. That is not a good way to run things. Your proposals imply that William will stay on RWF-001 after his budget was attacked. If William supports the proposal, that is fine. I do not want to create a precedent that undermines him.
    - **Christian** Our view was that the off-boarding would have been more contentious, mainly within the CU. We thought it more politically palatable and suitable not to force the delegates to make that decision, fully recognizing an implicit statement that should be the case in our proposal.
    - **TJ:** In hindsight, I think a lot of the way these budget requests have proceeded is a bit perverse. But going back to the beginning, Christian, Eric, and I suggested to Will that he step down. Then, he told us that we should spin out. In good faith, we did.

[1:05:22](https://youtu.be/AXjYV85RLZQ?t=3922)

- **Robert:**  I am referring to my comment in the forum about the hard costs of RWAs. We have spent much upfront to onboard collateral and with the ongoing needs that we have. We have spoken about budget cuts. I want to be clear that CES’s budget will most likely go up if there is no resolution (RWF-0x does not get approved). I would not expect to see a decrease in our budget. I would expect the community to be prepared for an increase.


[1:06:37](https://youtu.be/AXjYV85RLZQ?t=3997)

- **Kianga Daverington:** What is happening with RWF-001?
    - **Someone:** I believe that we are no longer part of Maker. However, I am not sure what is going on with RWF-001.

[1:08:27](https://youtu.be/AXjYV85RLZQ?t=4107)

- **ElPro:** As a delegate, I want to know what went wrong. Facilitators gradually stepped down, like with DUX and Data Insights CUs. Is there any way delegates can get an idea of MKR token owners? What exactly went wrong when you all discussed splitting into a different Core Unit?
    - **Christian:** _Talks about his frustration with a lack of performance and closing in the past from RWF. Cites examples of the Egyptian deal, ADTC, OPM, and HVB._
    - **Eric Rapp:** The RWF facilitator is a tough job with all the crosshairs and politics. I have sympathy for whoever gets that role. However, the three of us led RWF ourselves, and it was hard to get leadership from the facilitator. He is an intelligent guy with many skills but could not navigate through the challenging issues. We were hiding as a team and did not communicate enough with Maker. People are unhappy with our work. Our natural inclination with Christian was to engage the community and ask people to vote on polarizing issues. This created difficulties in getting things done over the past six to eight months.

[1:16:24](https://youtu.be/AXjYV85RLZQ?t=4584)

- **Kianga Daverington:** I get that there is an off-boarding proposal for Will. However, the larger framework appears to be Eric, TJ, and Christian as the witnesses on the stand. I missed the questioning of RWF with Will. If the answer is that he is missing or only speaking to people in private, I think that is an issue. I could have missed something on the forums or Discord. The community must acknowledge something more than what Eric, Christian, and TJ have answered. The mere posting of Will’s off-boarding is not enough. There is an imbalance.
    - **David Utrobin:** For context, William’s geographical location makes it hard for him to attend some of the regularly scheduled calls at Maker. He was present at RWF office hours last week.
    - **Kianga Daverington:**  I went to office hours last week. We, as a community, should uphold a standard of conduct. We are missing the mark regarding accountability and our expectations around conducted professionalism in expressing outrage. Will other people feel silenced during the off-boarding back and forth on things we have not handled?
    - **CodeKnight:** People engage more with TJ and Christian because they want to work with them. There is not as much regard for their conduct because people believe they can do productive things for the DAO.
    - **Raphael:** Kianga Daverington, I understand your point about conduct. No one wants a facilitator to go MIA for two weeks. However, this discussion should not take place in the heat of debate. It should be non-reactive and well thought out.

[1:26:02](https://youtu.be/AXjYV85RLZQ?t=5162)

- **Payton Rose:** One of the difficulties on the governance side is the rules versus expectations. Our rules are clear:
    - CUs are independent.
    - We put a facilitator in charge of them.
    - We give them the responsibility of their mandate, reporting, and interacting with the DAO.
- If they fall short of expectations, we answer in the governance process. However, that creates a long time between the problem being identified and the matter going to vote.

## Conclusion

### Payton Rose

[1:27:29](https://youtu.be/AXjYV85RLZQ?t=5249)

- I wanted to thank everyone for coming on this call today. We will be back same time and place next week. A reminder that all the stuff referenced as threads in the forum is designed for more long-term communication for debate discourse. See everyone next week.

[Suggestion Box](https://app.suggestionox.com/r/GovCallQs)

## Credits

- @Larry_Wu produced this summary.
- @Sol_Invictus produced this summary.
- Kunfu-po produced this summary. 
- Everyone who spoke and presented on the call.
