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# System prepended metadata

title: 'G&R #161 Snippet'
tags: [Snippets]

---

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tags: Snippets
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# G&R #161 Snippet

This `snippet` includes Governance, MIPs, forum updates, and Core Unit team discussions from the MakerDAO Governance and Risk Call #161. 

## General Updates

### Votes

*Executive:*
- Collateral Onboarding and Offboarding, PSM DC-IAM changes - Passed & Executed
- Tomorrow’s executive will include:
    - Auction Parameter Adjustments
    - L2 (Optimism and Arbitrum tests) 

*Polls:*
- Adjusting Auction Parameters for ETH-A, ETH-B, ETH-C, and WBTC-A - PASSED
- Increase the System Surplus Buffer - REJECTED
- 8 Ratification Polls end Monday, Sept. 27
- 2 Greenlight Polls active (voting ends Mon. Oct. 4th)
    - [SB-DDC (Solid Block Detox Digital Coins)](https://vote.makerdao.com/polling/Qmd7oS1n?network=mainnet#poll-detail)
    - [REIF-DROP (Commercial Real Estate Assets DROP)](https://vote.makerdao.com/polling/QmNzDxBK?network=mainnet#poll-detail)

### MIPs

[Weekly MIPs Update #55](https://forum.makerdao.com/t/weekly-mips-update-55/10539)

- Ratification Polls closed, and all proposals have passed!

### Forum at a Glance

[Forum at a Glance: September 24th - 30th](https://forum.makerdao.com/t/forum-at-a-glance-september-24th-30th/10595)

## Team-led Discussions

### Market Making

#### Growth CU: Nadia Alvarez

- Thinking about Market making to bootstrap Dai on other networks.
- Need to figure out if we want to begin market making.
    - Then decide on *how* we should do this. 
- Jonathan Chan: Introduces [Wintermute](https://www.wintermute.com/) for market-making MKR and DAI.
    - Wintermute is market-neutral across bid-ask and reduces risk impacts.
    - Can provide great inventory and pricing for trade execution on MKR.
    - Ask for a protective MKR call option attached to loan amounts.
    - Have a strong [OTC market](https://www.wintermute.com/otc/), which can be useful for RWA deals.
    - UK regulated entity, which will require complete KYC for onboarding assets.
    - Have large amounts traded on many DEXs.
    - Committed to a specific spread across all the exchanges and pairs that MKR and DAI token is traded on. The algorithms work 24/7, supported by experienced traders, and we do not charge fees.
- Nadia: A market maker will help with low-liquidity tokens. 
- Without LinkPool and the Foundation, it is important to have a professional market maker.

### Self-Insurance Fund 

#### SES: LayerZero

- [Self-Insurance Fund](https://forum.makerdao.com/t/self-insurance-fund/10563)

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

![](https://i.imgur.com/JpdPL1F.png)

![](https://i.imgur.com/7aOzPER.png)

- Opens discussion to:
    - Who will be covered?
    - Which jurisdictions should be covered?
    - What risk level should we begin with?