MakerDAO governance meeting July 31st 2016

Formal Governance

16 in attendance

Formal governance meeting simulates on-chain proposals. Proposals need to be clearly stated, debated, and generally agreed to prior to the meeting. Once a proposal has gone through these three checks it can be brought up in the formal governance meeting for finalization. Proposals should be posted to forum.makerdao.com and can also be discussed in #proposal-discuss on Rocket Chat

MKR Sale to Fund Operations (proposal)
https://forum.makerdao.com/t/selling-of-mkr-to-fund-continued-opperations/655

• Service providers accepting MKR as payment:
  https://docs.google.com/spreadsheets/d/143xk5AxklqzLTIMgmAoL8NXNnd1UONbAgU-UzDVIfaA/edit#gid=0
• Need to decide how to sell the required MKR
• Rune will have a direct offer to the governance meeting next week after doing his own private sales on Maker Market

August Budget

• Nexus $20,000
• OneUP $10,000
• Rain $7,000
• GGT $5,000
• Total $42,000

Dev Update:

Simple Stable Coin

• Stable coin competition is awesome. UI is up:
  https://makerdao.github.io/simple-stablecoin/
• Private party is willing to act as large issuer

Maker Core

Security Audit

• Peter has audited each individual component and is now working on gaining holistic understanding of the system.

General Topics:

Topics discussed here are not binding and should not be taken out of context of an open discussion. More is said during the general topics than what can be faithfully transcribed into written text

Devcon2
Feedbase
Video Update

• Script one completed, and script two being revised

Project idea: ERC20 Token Browser
https://forum.makerdao.com/t/project-idea-erc20-token-browser/661

Audio Link