---
# System prepended metadata

title: 'Focus On Call - Episode #8'

---

# Focus On Call - Episode #8
March 23rd, 2022

## Agenda

- [00:00](https://youtu.be/uGvBI_L9jaI): Intro with Payton Rose
- [00:47](https://youtu.be/uGvBI_L9jaI?t=47): Discussion and Questions with Monet-supply
- [29:24](https://youtu.be/uGvBI_L9jaI?t=1764): Outro

## Video

<https://youtu.be/uGvBI_L9jaI>

## Introduction

[stkMKR: Maker Staking and Tokenomics Revision - Forum Thread](https://forum.makerdao.com/t/stkmkr-maker-staking-and-tokenomics-revision/13890)

### Payton Rose

#### Agenda and Preamble
[00:00](https://youtu.be/uGvBI_L9jaI)

- Welcome to everyone. Thank you for joining episode #8 of Focus On. I am Retro, a contributor with the Sustainable Ecosystem Scaling CU. I am joined by Juan, co-hosting today's session where @monet-supply joins us. 
- We will discuss Staking & Tokenomics Revision as proposed by Monet. The initiative is being branded as stkMaker. We will discuss the stkMKR token, changes to the surplus auction, and changes in the governance system. There will be a Q&A at the end. Please feel free to submit any questions to the chat. 
- For other episodes of FO, please [check the forum](https://forum.makerdao.com/search?q=focus%20on).

## Discussion

### Monet-Supply
[00:47](https://youtu.be/uGvBI_L9jaI?t=47)

![Figure 1: Deposit and delegation](https://i.imgur.com/VOKmOCr.png)

![Figure 2: Surplus utilization](https://i.imgur.com/jnuUCcC.png)

![Figure 3: Redemption process](https://i.imgur.com/ZGd9Ele.png)


## Questions 

[11:42 - Juan: What is the benefit of making the tokens non-transferable?](https://youtu.be/uGvBI_L9jaI?t=702)

[13:36 - Payton Rose: How do we weigh the costs(namely dev labor) with the benefits to this design? What are some metrics or things we can expect to see that would indicate that this model is working towards better governance?](https://youtu.be/uGvBI_L9jaI?t=816)

[17:48 - Frank Cruz: Have you analyzed the yield percentage stkMKR token owners can generate? If so, how competitive will it be versus other staking protocols? Do you believe having an attractive yield will be key in expanding MKR ownership?](https://youtu.be/uGvBI_L9jaI?t=1068)

[20:02 - Juan: Can you comment on making MKR inflationary?](https://youtu.be/uGvBI_L9jaI?t=1202)

[22:58 - Juan: Could the ESM new system mean that we are less reactive or have less agility or speed when reacting to any emergency?](https://youtu.be/uGvBI_L9jaI?t=1378)

[25:36 - Juan: Do you have any comments on the other version of new tokenomics for MKR proposed in the forum by Porter Smith from a16z?](https://youtu.be/uGvBI_L9jaI?t=1536)

[27:23 - Juan: Do you have any timeline of the next steps for your proposal, or are you posting it to see feedback and improve on that? What is the plan?](https://youtu.be/uGvBI_L9jaI?t=1643)

[28:36 - Juan: What is the best way of reaching out and engaging with you?](https://youtu.be/uGvBI_L9jaI?t=1716)
 
## Closing Comment

### Juan

#### Outro
[29:24](https://youtu.be/uGvBI_L9jaI?t=1764)

- Please, go to the forums, check the proposal, and post it there if you have any feedback. 
- Monet, as always, it was very nice having you. We will see you around. 

## Credits

- Kunfu-po produced this summary.
- @gala produced this summary.
- Everyone who spoke and presented on the call, listed in the headers.