Governance Polls: Greenlight Polls for Collateral Types,Whitelist Oracles and more

October 19, 2020

The Maker Foundation Interim Risk Team has placed a series of Governance Polls into the voting system which presents polls to implement greenlight polls for collateral types, whitelisting oracles, and more.

Community Greenlight Polls

Description

The Governance Facilitators have placed a governance poll into the voting system which asks whether the following assets should be prioritized for inclusion in the Maker Protocol by the domain teams.

If greenlight votes exceed defer votes, this poll is to be taken as a signal to domain teams that MKR Token Holders have approved further domain work with the aim of adding assets as collateral to the Maker Protocol.

UNI-V2-USDT-ETH (Uniswap USDT-WETH Liquidity Tokens) - Info
aUSDC (Aave USDC) - Info
CRO (Crypto.com Coin) - Info
UNI-V2-WBTC-ETH (Uniswap WBTC-WETH Liquidity Tokens) - Info
UNI (Uniswap) - Info
cUSDC (Compound USDC cToken) - Info
OST-1 (UPRETS Oosten Fund I LP) - Info
yUSD (yyCRV) - Info
KF-DROP (Kickfurther DROP) - Info
OMG (OMG Network) - Info
CRV (Curve DAO Token) - Info

Monthly MIPs Governance Poll

The Governance Facilitators have placed the MIP3: Monthly Governance Poll into the voting system. This poll asks whether the bundled contents of this month's Governance Cycle should proceed to an Executive Vote to be held on October 26, 2020. The bundled contents of this poll consist of the following MIPs and Subproposals.

MIPs

Subproposals

This Governance Poll will be active for three days beginning on Monday, October 19 at 16:00 UTC.

Review

The proposals can be reviewed in this week's weekly MIPs update here. It was also discussed on the latest Governance and Risk call on October 15, 2020.

Next Steps

MKR holders must vote to determine whether to accept or reject the bundle of proposals included within the Monthly Governance Poll, determining whether the bundle should proceed to the final ratification vote (Executive Vote) in the last week of the monthly Governance Cycle.

The Executive Vote will be submitted on October 26, 2020 if the Governance Facilitators confirm a 'yes' outcome of the Monthly Governance Poll on the next Governance and Risk call on October 22, 2020.

Resources

MIP3: Governance Cycle describes this type of poll and goes into more detail about its position and significance within the rest of the governance cycle.

If you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works, and this wallet setup guide to set up your wallet to vote.

Additional information about the Governance process can be found in the Governance section of the MakerDAO community portal.

To participate in future Governance calls, please join us every Thursday at 16:00 UTC.

To add current and upcoming votes to your calendar, please see the MakerDAO Public Events Calendar.

Whitelist B.Protocol on ETHUSD Medianizer Oracle (MIP10c9-SP12)

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Oracle Domain Team. The community can vote in this poll to express support or opposition to appending B.Protocol to the ETHUSD Oracle Medianizer whitelist to read price data.

Note: This subproposal has been submitted under the informal weekly cycle rather than the MIP3 Governance Cycle due to inconsistencies between MIP10 and MIP3 and to avoid delaying progress in the oracles domain until MIP10 can be amended.

Review

Please review the application thread to inform your position on this issue before voting.

Next Steps

If this poll ends with a 'Yes' majority, this change change will be included in the weekly Executive Vote on the Friday following the conclusion of this poll.

If this poll ends with a 'No' majority, then no further action will be taken.

If the Friday executive passes, then this change will become active in the Maker Protocol after the Governance Security Module delay has expired.

 

Whitelist B.Protocol on ETHUSD Oracle Security Module (MIP10c9-SP13)

The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the Oracle Domain Team. The community can vote in this poll to express support or opposition to appending B.Protocol to the ETHUSD Oracle Security Module whitelist to read price data.

Note: This subproposal has been submitted under the informal weekly cycle rather than the MIP3 Governance Cycle due to inconsistencies between MIP10 and MIP3 and to avoid delaying progress in the oracles domain until MIP10 can be amended.

Review

Please review the application thread to inform your position on this issue before voting.

Next Steps

If this poll ends with a 'Yes' majority, this change change will be included in the weekly Executive Vote on the Friday following the conclusion of this poll.

If this poll ends with a 'No' majority, then no further action will be taken.

If the Friday executive passes, then this change will become active in the Maker Protocol after the Governance Security Module delay has expired.

Poll: Increase the Surplus Auction Buffer

The MakerDAO Governance Facilitator has placed a Governance Poll into the voting system on behalf of the MakerDAO Risk Domain. The community can use this poll to express support or opposition to increasing the Surplus Auction Buffer, also referred to as the 'System Surplus', from 2,000,000 DAI to 4,000,000 DAI. More information on this parameter can be found here.

This Governance Poll (FAQ) will be active for three days beginning on Monday, October 19 at 16:00 UTC, the results of which may inform an Executive Vote (FAQ) which will go live on Friday, October 23, at 16:00 UTC.

Review

Please review the Signal Request to inform your position before voting.

Next Steps

If this poll ends with a 'Yes' majority, this change will be included in the Executive Vote on Friday, October 23, 2020.

If this poll ends with a 'No' majority, then the Surplus Auction Buffer will not change at this time.

Poll: Approve Maker Representatives - October 19, 2020

The MakerDAO Governance Facilitator has placed a governance poll into the voting system on behalf of the Maker Governance community which gives Maker Governance the chance to signal their support or opposition for the initial list of individuals serving as Maker Representatives based on the contents of MIP21 and MIP13c3-SP4.

This non-standard weekly Governance Poll (FAQ) will be active for 3 days beginning on Monday, October 19 at 16:00 UTC.

Review

Please review the Signal Request for a detailed outline of the proposal and to inform your position before voting. A brief summary of the individuals nominated is provided below.

Subject to both MIP13c3-SP4 and MIP21 passing successfully through the October governance cycle, the community nominates the individuals below to serve as Maker Representatives pursuant to MIP21 and MIP13c3-SP4.

The individuals proposed to be the initial Maker Representatives are:
@Joshua_Pritikin
@Planet_X
@MakerMan
@ElProgreso
@maarten
@mario
@ejbarraza
@SebVentures
@spin

Next Steps

If this proposal passes then:

  • The individuals above are empowered to serve as Maker Representatives as described in the signal request and linked proposals and will collaborate to implement MIP21 and MIP13c3-SP4.
  • 6s Capital will then engage with each person individually.

If this proposal fails to pass then:

  • The status quo will remain.
  • 6s Capital will work to produce an alternative proposal based on feedback.

Resources

If you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works, and this wallet setup guide to set up your wallet to vote.

Additional information about the Governance process can be found in the Governance section of the MakerDAO community portal.

To participate in future Governance calls, please join us every Thursday at 16:00 UTC.

To add current and upcoming votes to your calendar, please see the MakerDAO Public Events Calendar.

October 19, 2020

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