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tags: Snippets
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# G&R #174 Snippet

This `snippet` includes Governance, MIPs, forum updates, and Core Unit team discussions from the MakerDAO Governance and Risk Call #174.

## General Updates

### Votes

*Executive:*
- First Executive of 2022 tomorrow!
- Expected contents:
- Delegate Compensation Payments
- LP Vault `dust` Changes
- Recover DAI from Optimism Escrow

*Polls:*
- 5 weekly polls - Passed
- Prioritize Onboarding a Compound DAI Direct Deposit Module (D3M)
- Raise the Emergency Shutdown Module (ESM) Threshold
- Prioritize DAI Direct Deposit Module (D3M) for Maple Finance
- Increase the Dust Parameter for Select LP Token Vaults
- Recover DAI Locked in Optimism Escrow
- There are currently 11 ratifications polls ending January 14th (very soon!)
- 5 ongoing Greenlight Polls, ending on Monday, Jan 24th.
- OGN, OUSD, RBLD, TUSD, and USDAP

### MIPs

[Weekly MIPs Update #69](https://forum.makerdao.com/t/weekly-mips-update-69/12543)


:calendar: — RFC and FS Dates for reference and existing proposals can be seen [here](https://docs.google.com/spreadsheets/d/10qxaRjm9T5LCgnYwwYqPqEjKu9yl2F1YHqdDD5SktJc/edit?usp=sharing).

Ratification polls for the January Governance Cycle are now entering the first week of the voting. These are the eligible proposals for January/

### Forum at a Glance

[Forum at a Glance: January 7th - 13th, 2022](https://forum.makerdao.com/t/forum-at-a-glance-january-7th-13th-2022/12614)

## Team-led Discussions

### DAI’S STABLECOIN BACKING

#### Ideas on reducing stablecoin dependency for Dai

Steering collateral diversification in preparation for a bear market:

- Majority of the community supports reducing the amount of USDC-backed Dai
- Fears of potential blacklisting and its critical affects on Dai and Maker loom very heavily
- RWAs have been discussed as a medium/long-term direction for collateral diversification
- How do we diversify RWAs and volatile collaterals and still reduce the risk involved during bear markets?
- Yes, USDC supply goes up during bear markets, but the overall trend in the amount of Dai supply is up in the long-term. So despite blacklisting, how much does it matter?
- USDC-backed Dai is good in that it is a stable security buffer against potential crypto bear markets

#### Shifting PR regarding USDC-backed Dai

Promoting a positive public sentiment of USDC
from being thought of as a “Dai wrapper” to seeing it as a security buffer:

- Crypto Twitter sentiment shouldn't fundamentally affect the work done at Maker
- Not much support for this; the majority believe it's best to reduce significantly reduce the amount of USDC we have

### MULTIDISCIPLINARY APPROACHES TOWARDS GOVERNANCE EVOLUTION

#### Ideas for multidisciplinary approaches

Optimizing the governance system:

- Ideas brought to light:
- Gasless voting systems
- Increased incentives for MKR holders to vote
- Improved user experience for MKR holders when voting
- Potential issues brought up:
- Awareness of increased risk via gasless voting for polls such as risk parameters
- No single decision will make everyone happy; approaches should focus on majority sentiment but still strongly account for members of the DAO
- There are beginning to be TOO MANY polls for delegates (and MKR holders) to be able to understand and then take action to vote
- There are some ideas/plans by GovAlpha to help scale and improve governance as a whole