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# System prepended metadata

title: 'G&R #164 Snippet'
tags: [Snippets]

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tags: Snippets
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# G&R #164 Snippet

This `snippet` includes Governance, MIPs, forum updates, and Core Unit team discussions from the MakerDAO Governance and Risk Call #164. 

## General Updates

### Votes

*Executive:*
- October 8th: Offboarding Vaults, MKR Vesting, and Core Unit Budget Distribution - Passed & Executed
- There will NOT be an executive proposal up for vote tomorrow.
    - Only one polled item ready for action
    - Much of Exec team traveling to Lisbon

*Polls:*
- 4 Weekly Polls Passed
    - Add stETH (Lido Staked ETH) as a new Vault Type
    - Nexo Institutional Vault Onboarding 
    - Add the Aave Direct Deposit DAI Module (D3M) 
    - Increase the GUNIV3DAIUSDC1-A Debt Ceiling 
- 1 Weekly Poll was Rejected 
    - PaperImperium Supplemental Compensation
- 6 Ratification Polls ongoing (end October 25)
- 1 Greenlight Polls active (voting ends Mon. Oct. 18th)
    - [CurveLP-stETH-ETH (Curve stETH-ETH LP Token)](https://vote.makerdao.com/polling/Qmd1qpHU?network=mainnet#poll-detail)

### MIPs

[Weekly MIPs Update #58](https://forum.makerdao.com/t/weekly-mips-update-58/11074)

![](https://i.imgur.com/LWnsZJh.png)

- Ratification Polls for October’s Governance Cycle are now running their second week.

### Forum at a Glance

[Forum at a Glance: October 14th - October 21st](https://forum.makerdao.com/t/forum-at-a-glance-october-14th-october-21st/11135)

## Team-led Discussions

### Delegate Compensation 

#### LongForWisdom

- Delegates put in many hours of work and high effort, which should be fairly compensated.

#### Rune Christensen

- Delegates workforce, empowered with resources. Disconnect MKR holders and CoreUnits, particularly budgets.
- Difference between voters and a professional full time delegate.
- Need to find balance between an attractice cash compensation but also MKR compensation.
- Unhappy delegates not sustainable. Need to approach more professional and qualified Delegates from outside.
- Need to move forward with this situation through step by step measures besides just signals.
- Need to create a clear list of qualifications, KPIs, and "job" description for Delegates, it is an elective position.
    - Contrary opinion: Since community picks their Delegates, qualifications for Delegates will naturally be selected and weeded out by MKR lenders and community voters.
- Responsibilities should be documented for Delegate rolls because the Delegate roll is not properly defined.
- Delegation could be an idea for a Governance outreach Core Unit.
- We may need to give Delegates a chance to find out what exactly their job is.
    - This is a very unique situation that we cannot predict.
    - Need to allow some time of exploration to help develop the overview of a Delegate role.
    - Contrary opinion: this could become a huge mess that will be difficult to fix later. We need to clarify the basic responsibilities right now; what, when, why.
- There's uncertainty in the level of legal risk associated for Delegates.
- Rune believes we are too focused on external issues and need to revert back to the core of MakerDAO and delegation.
- We need to spend more time to discuss value in the DAO and delegation in general before we focus on Delegate responsibilities.
    - Thereafter, we can begin to layer additional responsibilities for delegation.
- Delegation was initially proposed to promote more MKR to be used for voting in Governance. 
    - It worked but now with just two or three Delegates you can pass an entire executive.
    - Regarding Governance voting, we need to break down the problem, the goal, and the solution.
    - We also need to look into MKR tokenomics; MKR whales have no incentive to vote in Governance.
    - The time that a Delegate spends does not match the output that the Delegate is physically able to release.
- GovAlpha has been in discussion with various VCs to incentivize to delegate their MKR.
    - Issues they brought up: Not enough Delegates and no clear formal process.
    - Another way that VCs can do is bring in their own Delegates to Maker, which may hinder communication and transparency. 