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tags: Snippets
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# G&R #155 Snippet
Domain team updates, Collateral Onboarding, active discussions, and more. All the updates from MakerDAO Governance and Risk Call #155 in this `snippet.`

### Governance

- Current Executive for [MOMC Proposal, August Core Unit Budgets, Housekeeping](https://vote.makerdao.com/executive/template-executive-vote-momc-proposal-august-core-unit-budgets-housekeeping-august-6-2021?network=mainnet#proposal-detail) has not yet passed.
- Planning to include an executive for Friday, August 20th, which will bundle content from the last two weeks.
- Two polls ended today, August 19th:
- [Reduce Vault Liquidation Ratios](https://vote.makerdao.com/polling/QmZQdJpG)
- [Onboarding PAX Peg Stability Module](https://vote.makerdao.com/polling/QmdBrVKD)
- There are three ratification polls and three community greenlight polls currently active.

### Forum

[Forum at a Glance: August 13 - 19](https://forum.makerdao.com/t/forum-at-a-glance-august-13th-19th/9936/2)

### GovAlpha

[GovAlpha Weekly Update](https://forum.makerdao.com/t/govalpha-weekly-update-2021-08-19/9942)

- Begun tracking delegates participation and communication metrics.
- Still working on getting custody platform integration. DUX is offering integration help.
- Making concrete process on the Maker Operational Manual.
- Onboarding is going well. More projects may be coming soon for contributors.

### Protocol Engineering

*Upcoming Executive spell Contents:*
1. PAX PSM.
2. MATIC collateral.
3. Reducing ILK Liquidation ratios.
4. 6s Broker-Dealer address (and yank our deployer address).
5. 6s Debt Ceiling increase.
6. CalcFab into the changelog.

*Focus this week for the team:*
- We’ve been doing an async GUNI Review focusing on the Oracle; team meeting next Tuesday to conclude.
- Small enhancements to OmegaPoker that optimizes the order in which collateral prices are updated.
- 3/4 of the way through setting up the Goerli network, some outstanding work to wrap up RWA support, remove permissions and update changelog versions.
- Wrapped up some Etherscan spell verification improvements for mainnet, Kovan, and Goerli.

*Collateral:*
- Deployed MATIC to Kovan.
- Outstanding: need to define StETH DC limits.

*Discussions this week:*
- Institutional vaults - parameter discussion, Growth to talk to this
- StarkWare CU - liaison and discussion of including the risk framework
- Arbitrum - prior meeting to assess our technical approach

### Oracles

- Tomorrow’s executive vote includes onboarding MATIC. The oracles are live. However, not all feeds have been upgraded; four more left.
- We were working on stETH and identified that the Oracle setup is not gas efficient. Feed-based back end for stETH should be complete within the next couple of weeks.
- Assessments coming out tomorrow:
- UNIv3-DAI-USDC
- SolarX
- One other (ask before posting)
- Oracle Core Unit is organizing two offsites, one in Reykjavík, Iceland, during September. Then we will meet at EthLisbon in October.

### Risk

* Proceeding with institutional vault risk assessment
* Nexo confirmed that they would be willing to increase their debt exposure by 100m to 200m under these conditions.
* Still some discussion about origination fee levels.
* Apart from our risk assessment and work that needs to be done by PE to have these special vaults implemented, we’ll also see revenue impact scenario analysis made by Mark.
* This is essentially the main decision point at offering these kinds of vaults of particular sizes.
* Polygon reached out, asking for a 100m loan collateralized by their treasury MATIC tokens.
* Such loans would probably need to reach higher collateralization levels than the one implemented at the upcoming MATIC-A vault.
* It might be better for them and Maker to set up an institutional vault (origination fees and special requirements regarding LR and maintenance of CR).
* In discussions with them about this.
* Monetsupply should soon make two posts:
* One is regarding dust limits and will be a signal poll to confirm whether the community approves the suggested dust limits.
* He is also working on actual parameter changes needed for off-boarding the KNC-A vault (a showcase of the actual process off-boarding collaterals).
* Other:
* Most of the other team members are working on risk dashboards and automatization of vault user behavior metrics; a lot of interesting stuff is happening there.

### Real World Finance

- Published the New Silver audit by Shearman & Sterling and on-chain securitization roadmap (https://forum.makerdao.com/t/on-chain-securitization-roadmap-new-silver-audit/9937).
- Partnering with JST Capital that does institutional investing in the Tinlake pools.
- MIP58 - [Cayman RWA Foundation Know Your MIP call](https://forum.makerdao.com/t/know-your-mip-10-mip58-rwa-foundations/9864).
- SolarX Risk Assessment is delayed until the end of the week to allow the community to review the documentation before a formal vote.
- Mark is working on the Institutional Vault analysis.

### Growth

[Growth CU weekly update](https://forum.makerdao.com/t/growth-cu-weekly-update-august-13-19/9939)

- Working with strategic partners to increase Dai awareness in different countries. To replicate this experience with the Chinese market, we started to work with imToken.
- Jenn made a [post](https://forum.makerdao.com/t/where-do-you-want-to-spend-dai/9905) asking the community what they would like to spend their Dai on.
- @Hajive joined our team yesterday and will be focused on the European market.
- Star of the week: Jenn will be participating in the [Web3 Fashion Week.](https://twitter.com/DIGITALAX_/status/1427563877324271618)
- We began working with Nexo. We also have various institutions interested in opening Institutional Vaults with Maker.
- Had a conversation with AAVE about the D3M module to bring liquidity into AAVE. Want to begin testing D3M with the AAVE v2 market.

### Content Production

[Content Production Bi-weekly Update](https://forum.makerdao.com/t/content-production-bi-weekly-update-8-5-8-18/9943)

- Working on Dai on Different Networks and Maker Relay to be available on Substack.
- Tabling the Mascot Contest; only had one entry, but we analyzed this issue.
- Conducted many brand research interviews. If you haven’t done one, let us know!
- Upcoming: [AMA with Planet_X](https://forum.makerdao.com/t/ama-dao-politics-with-recognised-delegate-planet-x/9904) and Centrifuge.

### Governance Communications

[GovComms Bi-weekly Update](https://forum.makerdao.com/t/govcomms-bi-weekly-update-1-august-2-19/9940)

- Setup is moving slowly; we still haven’t gotten the first disbursement or the Payroll setup due to the delayed executive.
- 3x new contributors being trained for the call summary team; welcome Andrea, Rody, and Zainab.
- Hunt for an [Engagement Lead](https://makerdao.recruitee.com/o/engagement-lead-govcomms) continues.
- Maker Relay got a facelift: a new banner, new informational structure, and a refreshed feedback survey.
- Took ownership of Forum at a Glance and have begun making weekly improvements.
- Created a basic [GovComms CU Overview presentation](https://docs.google.com/presentation/d/1s8lxiq3-HXNzSiGYgpdwYBDnDMGYA0mU4R8wd58nPqk/edit?usp=sharing) for anyone to look through and understand what our team does.
- Started a Team-Updates audit to make some actionable recommendations to bring us all closer to similar standards.
- Met with Mario, our Reddit mod, to discuss Mario's ongoing availability and our moderator needs, as well as the general state of Reddit. We will be publishing some polished notes from that call on our public drive today or tomorrow.
- Met with Dumitru from the former Foundation Techops team to discuss infosec best practices for Google Drive.
- Our office hours are set to Fridays 1800-1830 UTC and are available on the public calendar.

### Sustainable Ecosystem Scaling

[SES Public Drive](https://drive.google.com/drive/folders/1rjeOpHmE-kgFvkrliw2DlI810FhxPkp7)

- X-Ray Preliminary Findings
- DUX CU going live
- Immunifi joins the SES Incubator
- Incubation Program Presentation tomorrow at 14:30 UTC during the public SES Status Call.

*Yesterday:*
- RWA: Collateral Onboarding: CapitalNow Cannabis
- Know Your MIP (58): RWA Foundation

*Upcoming:*
- MIP6: Cauris Global Fintech Fund (next Wednesday)
- Focus On: Deco Protocol on August 25th
- CULPS: Starknet on September 1st
- CULPS: DUX Core Unit (TBD)
- CULPS: Strategic Happiness (TBD)

### MIPs

- [MIPs Update #49](https://forum.makerdao.com/t/weekly-mips-update-49/9890)


- There’s one week left until the closing of August’s Ratification Polls.
- There are eleven proposals currently in RFC.
- Please leave your feedback on [mips.makerdao.com](mips.makerdao.com)