---
tags: G&R
---

# Episode #219: December 15, 2022

## Agenda

- [00:05](https://youtu.be/GhJYXfvt_3w?t=5): Introduction
- [02:43](https://youtu.be/GhJYXfvt_3w?t=163): Votes and Polls
- [04:10](https://youtu.be/GhJYXfvt_3w?t=250): MIPs Update
- [08:35](https://youtu.be/GhJYXfvt_3w?t=515): Weekly Forum Recap
- [13:31](https://youtu.be/GhJYXfvt_3w?t=811): Initiatives Update
- [00:00]():
- [00:00](): Conclusion

## Video

[Link](https://www.youtube.com/watch?v=GhJYXfvt_3w)

## General Updates

### Votes

#### Payton Rose

[02:43](https://youtu.be/GhJYXfvt_3w?t=163)

> **Votes:**
> - *Polls:* -- [2:43](https://youtu.be/GhJYXfvt_3w?t=163)
> - *Executive Proposals:* -- [3:25](https://youtu.be/GhJYXfvt_3w?t=205)

### MIPs

#### Gala

[4:10](https://youtu.be/GhJYXfvt_3w?t=250)

##### Short Ratification Polls Results

- MIP55c3-SP11: Pioneer DeFi-focused Language Dataset for the Benefit of Risk Modelling & Governance Communication

[4:38](https://youtu.be/GhJYXfvt_3w?t=278)

##### Proposals in RFC

[4:57](https://youtu.be/GhJYXfvt_3w?t=297)

- Top-level MIPs

[5:32](https://youtu.be/GhJYXfvt_3w?t=332)

- Amendments and removals

[6:13](https://youtu.be/GhJYXfvt_3w?t=373)

- Special purpose funds and protocol DAI transfer requests

[7:01](https://youtu.be/GhJYXfvt_3w?t=421)

- Framework proposals

### Weekly Forum Recap

#### Artem Gordon

[8:41](https://youtu.be/GhJYXfvt_3w?t=521)

- New delegate: Epi Lab by the Hong Kong University of Science and Technology, they are the first institution from Asia to participate in Maker governance.
- They presented their platform on the MYD call.

## Initiatives Update

[13:31](https://youtu.be/GhJYXfvt_3w?t=811)

### Maker Transaction Level Accounting Dashboard

- Lit: We built a dual entry transaction level accounting Ledger, and build a few aggregated reports. As a result, each of these resports is auditable down to the transaction level, and can be cross-checked independently for consistency and correctness.
- Methodology: we built a data set of over 2 million rows that includes all transactions since the start of MCD, this also includes interest accruals.
- Each transaction is categorized.

[20:28](https://youtu.be/GhJYXfvt_3w?t=1228)

- Short-term features improvements: Teleport revenue. Adding revenue from yielding PSMs, as it starts to accure on chain. The best example is GUSD. They have not made the first payment yet.
- Another planned improvement is to account for MKR token rewards, as an expense.
- Display token functionality.

[25:11](https://youtu.be/GhJYXfvt_3w?t=1511)

- I will choose specific areas. (Watch video for the explanation).

[28:35]

- Second report: income statement that encapsulates more. It is a statement of changes in protocol surplus, similar to the previous view but it is not cumulative, and it only shows the items which change the protocol Surplus.

[29:58](https://youtu.be/GhJYXfvt_3w?t=1798)

- Payton: do you have an ideal user? What did you imagine this mostly being used for?

[31:00](https://youtu.be/GhJYXfvt_3w?t=1860)

- Frank: how do you calculate indirect expenses? Does that include things like MIP55s that are approved?

[32:23](https://youtu.be/GhJYXfvt_3w?t=1943)

- Is there finding or metric that you are the most surprised about?

## Discussion

[:]()

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

## Credits

- produced this summary.
- produced this summary.
- Everyone who spoke and presented on the call.