---
tags: G&R
---

# Episode #218: December 8th, 2022

## _Agenda_

- [0:00](): Introduction
- [2:31](https://www.youtube.com/watch?v=1aPlX_nwdr8&t=151s): Votes and Polls
- [3:40](https://www.youtube.com/watch?v=1aPlX_nwdr8&t=220s): MIPs Update
- [7:43](https://www.youtube.com/watch?v=1aPlX_nwdr8&t=463s): Weekly Forum Recap
- [12:45](https://www.youtube.com/watch?v=1aPlX_nwdr8&t=765s): Initiative: _November Financials_
- [27:06](https://www.youtube.com/watch?v=1aPlX_nwdr8&t=1626s): Discussion: _A Better Prioritization System for MakerDAO - Approval-Priority Voting_
- [46:37](https://www.youtube.com/watch?v=1aPlX_nwdr8&t=2797s): Discussion: _MIP92: Onboard PSM USDC to Yearn to earn Yield_

## Video

[Link](https://youtu.be/1aPlX_nwdr8)

## General Updates

### _Votes & Polls_

#### Payton Rose

[2:31](https://www.youtube.com/watch?v=1aPlX_nwdr8&t=151s)

^{**Visit:** [_Voting Portal_](https://vote.makerdao.com/)}

### _MIPs_

#### Gala

[3:40](https://www.youtube.com/watch?v=1aPlX_nwdr8&t=220s)

^{**Visit:** [_Weekly MIPs Update #115_](https://forum.makerdao.com/t/weekly-mips-update-115/18956) & [_MakerDAO Votes and Polls Public Calendar_](https://calendar.google.com/calendar/embed?src=bdf4un05hpg0611lg3ieue4t3c%40group.calendar.google.com&ctz=America%2FNew_York)}
^{**Important Dates:** _New proposals must be posted by Wednesday, December 7^th, at the latest, to be eligible for the next monthly cycle._}

> **Ratification Polls:**
> - _Top-Level MIPs_ -- [3:59](https://youtu.be/1aPlX_nwdr8?t=239)
> - _Ammendments & Removals_ -- [4:59](https://youtu.be/1aPlX_nwdr8?t=299)
> - _Special Purpose Funds_ -- [5:34](https://youtu.be/1aPlX_nwdr8?t=334)
> - _CU Framework_ -- [6:14](https://youtu.be/1aPlX_nwdr8?t=374)
> - _Other_ -- [6:49](https://youtu.be/1aPlX_nwdr8?t=409)

### _Forum Recap_

#### Artem Gordon

[7:43](https://www.youtube.com/watch?v=1aPlX_nwdr8&t=463s)

^{**Visit:** [_Weekly Forum Recap: December 1^st - 7^th, 2022_](https://forum.makerdao.com/t/weekly-forum-recap/16247/35)}
^{**Video:** [Link](https://www.youtube.com/watch?v=jm0YpPeQrbI)}

## Initiative

### _November 2022 Financials_

#### Strategic Finance

[12:45](https://www.youtube.com/watch?v=1aPlX_nwdr8&t=765s)

[PDF version](https://drive.google.com/file/d/1rXxUH2G2BH7x3qT6gNzjTFR4GX_wRNu8/view)

## Discussion
### _Approval-Priority Voting_

#### LongForWisdom

[27:06](https://www.youtube.com/watch?v=1aPlX_nwdr8&t=1626s)






##### Q&A

[38:22](https://youtu.be/1aPlX_nwdr8?t=2302)

[39:35](https://youtu.be/1aPlX_nwdr8?t=2375)

**Wouter:** This will be very relevant for Endgame such as working within a scope when a particular budget is available. This helps improve solutions towards the prioritization problem. We just need to refine (*more detail in video*) this initiative before going forward. SES will be working towards proposals for interface to turn this into a tool.

[45:17](https://youtu.be/1aPlX_nwdr8?t=2717)

**David Utrobin:** I was impressed how this surfaces a way richer set of information such as understanding consensus. This has a lot of utility beyond governance.

### _Onboard PSM USDC to Yearn to earn Yield_

#### Yearn

[46:37](https://www.youtube.com/watch?v=1aPlX_nwdr8&t=2797s)







##### Q&A

[55:35](https://youtu.be/1aPlX_nwdr8?t=3335)


[55:54](https://youtu.be/1aPlX_nwdr8?t=3354)

**Q: How long would this take to ship after the vote would be ratified?**

[58:39](https://youtu.be/1aPlX_nwdr8?t=3519)

**Q: Why $100MM for the Vault cap? What the reasoning behind this number?**

[59:46](https://youtu.be/1aPlX_nwdr8?t=3586)

**Q: What is the Risk Core Unit's thoughts on this proposal?**

[1:02:03](https://youtu.be/1aPlX_nwdr8?t=3723)

**Q: In this proposal, Maker governance is in control of the decisions?**

[1:05:43](https://youtu.be/1aPlX_nwdr8?t=3942)

**Q: Why does Maker get only 80% of the profit?**

[1:07:48](https://youtu.be/1aPlX_nwdr8?t=4068)

**Q: How often will the strategy change? How much oversight do we need? What will be Strategic Finance's role in this?**

[1:08:49](https://youtu.be/1aPlX_nwdr8?t=4129)

**Q: Is Yearn open to more than one bespoke vault?**

[1:09:15](https://youtu.be/1aPlX_nwdr8?t=4155)

**Q: How will this affect Dai yield in DeFi?**

[1:10:25](https://youtu.be/1aPlX_nwdr8?t=4225)

**Q: What is the classification for liquidity?**

[1:11:16](https://youtu.be/1aPlX_nwdr8?t=4276)

**Q: Would there be room for a D3M integration with Yearn to help maintain yield rates?**

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

## Credits

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