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# System prepended metadata

title: 'G&R #170 Snippet'
tags: [Snippets]

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tags: Snippets
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# G&R #170 Snippet

This `snippet` includes Governance, MIPs, forum updates, and Core Unit team discussions from the MakerDAO Governance and Risk Call #170. 

## General Updates

### Votes

*Executive:*
- Last Week’s executive - PASSED & EXECUTED
    - WBTC-C and GUSD PSM Onboarding
    - Surplus Buffer and D3M Parameter Changes
    - Core Unit Budget Distributions and Streams
- Executive proposal up for vote tomorrow. Will include:
    - Delegate Compensation Payments
    - OMC and `dust` Parameter Changes
    - GUNIUSDCDAI-2 Onboarding
    - COM-001 Budget Transfer 

*Polls:*
- 7 Weekly Polls - PASSED
    - [Increase the Dust Parameter for Most Vault Types](https://vote.makerdao.com/polling/QmUYLPcr?network=mainnet#poll-detail)
    - [Increase the Dust Parameter for ETH-B Vault Type](https://vote.makerdao.com/polling/QmZXnn16?network=mainnet#poll-detail)
    - [Use the MakerDAO Treasury to Fund MKR Expenses](https://vote.makerdao.com/polling/QmYdDTsn?network=mainnet#poll-detail)
    - [Add GUNIV3DAIUSDC2-A as a new Vault Type](https://vote.makerdao.com/polling/QmSkHE8T?network=mainnet#poll-detail)
    - [One Time Payment to the GovComms CU](https://vote.makerdao.com/polling/Qmc7Necw?network=mainnet#poll-detail)
    - [Parameter Changes Proposal - MakerDAO Open Market Committee](https://vote.makerdao.com/polling/QmNqCZGa?network=mainnet#poll-detail)
    - [Add CurveLP-stETH-ETH as a new Vault Type](https://vote.makerdao.com/polling/Qmek9vzo?network=mainnet#poll-detail)
- 2 Greenlight Polls - PASSED
    - [MONETALIS (Monetalis Wholesale SME Green Growth Lending)](https://vote.makerdao.com/polling/QmS52AtS?network=mainnet#poll-detail)
    - [SB-frOGI (SolidBlock Red Frog Digital Coin)](https://vote.makerdao.com/polling/QmYGUEFy?network=mainnet#vote-breakdown)

### MIPs

[Weekly MIPs Update #64](https://forum.makerdao.com/t/weekly-mips-update-64/11878)

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

- As per [MIP51c4: Calendar Exceptions,](https://mips.makerdao.com/mips/details/MIP51#MIP51c4) there will be no Monthly Governance Cycle in December, i.e., no Formal Submission Window and no Ratification Polls. Check out the [Governance schedule for December and January.](https://forum.makerdao.com/t/governance-over-the-holiday-break-2021-2022/11694)

### Forum at a Glance

[Forum at a Glance: November 25 - December 2](https://forum.makerdao.com/t/forum-at-a-glance-november-25-december-2/11967/2)

## Team-led Discussions

### Delegates

- We currently have 8 Recognized Delegates plus one more coming in right now.
- The current participation metrics for Delegates didn't work, (created a 90% participation threshold) which led to this [signal request.](https://forum.makerdao.com/t/signal-request-should-we-introduce-a-performance-modifier-to-the-delegate-compensation-trial/11850)
- Engagement from current delegates have been very helpful for the DAO.
- We need to focus on questions that hold us accountable on our work, transparency, promote discussion, etc. 
- Wouter is happy with current the current state of delegation. However, heeds attention on transparency and positive environment. Once we get more clear information on delegate power roles, we should be ready to discuss and be ready for solutions.
- Self interest, compensation, power is a potential concern for delegates especially in the future if delegation scales. 
    - Potential solutions: compensation caps based on home state/country.
- Most delegates are not very active on forums, which leads to a social gap between community and their delegates.
- Update: expect to see some news coming out within the next few months involving institutional delegation.

#### Roles of Delegates

- There's a hovering aspect of responsibility for delegates such as:
    - Proactivity on new initiatives
    - Governance participation
    - Involvement in governance issues and solutions
    - etc
- It's time to solidify the roles and responsibilities for delegates:
    - What roles should/shoulnd't they do?
    - It's difficult to still understand this because it's only been a few months of delegation. Should wait until we have more delegates and increased competition for delegation.
    - The current state of delegates does not represent the future state of delegates. 

### Collateral Offboarding

#### Comms when Affecting Stakeholders

[An assessment, first-hand experience, and recommendations from the Aave Offboarding](https://forum.makerdao.com/t/an-assessment-first-hand-experience-and-recommendations-from-the-aave-offboarding/11836)

- Paper will be actively seeking out suggestions and feedback from users.
- What if we did softer penalties when offboarding and liquidate people through the SF instead?
- Tuning the CR doesn't cost extra for the user. 
- Is there a way to take a lighter approach on Oracles?
    - We should update them when prices fall but not when increasing.
    - Technically, we can lower Oracle costs during the offboarding process - but must be treated on a case by case basis.
- We should also discuss other parameters when offboarding vaults and tokens.
- Once a collateral is onboarding, it's important to perform collateral management and objective metrics, which will then not require for signal requests for collateral offboarding.

#### Subsidizing Unprofitable Vaults

- Offboarding through liquidation promotes poor tax implementations depending on the jurisdiction. This is something to consider especially since it may impact users. 