Today is the First Day of the Rest of the DAO

Maker HOLDers DAIgest

MKR Holder DAI-gest: Week 14, 2020

Governance Recap April 2, 2020

Big 3 Take-Aways for the Week:

  • Urgency, Apathy, Distraction, Denial: Pointed out by the interim governance facilitator is the cycle that happens in addressing major governance issues which are not seen to conclusion.
  • The Foundation releases overview road map plan for moving toward complete self-sustaining governance of the community. Details can be found below.
  • Dai peg is still running a little high. Correlation shows that fear from the March 12th event still has Eth-Dai position holders spooked. Dai holders in general are still holding on tightly to the stable coin a midst market fears.

Dispositioned Governance Agenda

New

  • Maker token authority — Recently introduced
  • Road to governance paradigm — Recently introduced

Moving

  • DeFi Emergency shutdown consortium — Forum Activity
  • Public relations consortium — Forming
  • SCD shutdown — Currently Polling
  • Ranked choice polling — Forum Activity
  • Collateral On boarding — Forum Activity
  • Compensating Zero Bid Vault Owners — Forum Activity

Stalled

  • GSM delay
  • Dark fixed
  • USDC On boarding
  • Flip / Flop auction usability
  • Governance vote cadence
  • Zero bid response from the community (Official Response)

Completed

  • MKR Debt Auctions — Completed successfully

DAI Digits

Governance Polls and Executive Votes

Open Executive Vote: Adjust multiple risk parameters

  • Lower the USDC Stability Fee from 16% to 12%
  • Raise the Sai Stability Fee from 7.5% to 8%
  • Lower Sai to Dai migration Debt Ceiling to 0

Passed Executive Vote: Adjust multiple risk parameters

  • Lower the USDC Stability Fee from 20% to 16%
  • Lower the Dai ETH Debt Ceiling by 10 million to 90 million Dai

Open Poll: Should we initiate the shutdown of the SCD system through an executive vote on April 24th, 2020?

Current Issues in the Community

Dispositioned Governance Agenda

  • New: Item proposed within the last two weeks in the forum or on the governance and risk call.
  • Moving: One or all of these situations would keep an item in moving status: Evolving discussion in the forum or on the Governance and Risk call. An action item was created or completed for the item. The item has been delegated to a group or individual. The item is polling or has polled within the last week. The item is currently in an open executive vote.
  • Stalled: The item has no visible discussion or movement forward in the previous two weeks.
  • Completed: The item has passed executive vote or otherwise reached a logical conclusion by means of a deliverable OR the item is not going to be further pursued through an obvious consensus.

Maker-Auctions.io Third Party Auction Dashboard

State of the Peg

SCD Shutdown

The Road to Governance Paradigm

Forum Activity and Signaling

Weekly Governance and Risk Meeting

  • Understand the issues that are discussed and governance themes that get explored to build a healthy, secure, Maker Platform.
  • Get info on how to connect by phone or webcam.
  • Explore meeting archives.

Events

--

--

Cryptocurrency enthusiast and student of life, in Portland, OR

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store