Formal Governance

Thank you all for joining the formal governance meeting. We have 8 participants on the call today.

This part of the meeting will be recorded and is meant to 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

Upon conclusion of the formal portion of the meeting, further topics will be discussed and debated.

Voting Proposals:

Design reward VI to Geronimo (approved)

https://forum.makerdao.com/t/maker-design-reward-iv/764
60:00 hours of work at $30 usd per hour : total of $1800 usd
To be paid in MKR, price determined at governance meeting
[2.11 ETH per MKR and $10.50 USD per ETH, for $22.155 USD pre MKR]

Dev Update:

Maker Core

Massively simplified all math in CDP engine by using 1 second as discrete time unit instead of continuous functions - largest kelvin version reduction since inception !
Awesome diagrams
Design uploaded to mbrock’s brain. He is working on generating tests (fuzz testing)

Maker Market

Need to discuss performance optimizations

Maker Model

No update from jake

Token Auction / Weekly MKR Auction (UI)

No update

Simple Stable Coin

No update

MKR Sale update

4119 ETH for 2100 MKR from Rune
Zandy address: 0x5dE04d63fCdA29B72c421eB0bD8c660321Ce68eD

Video

No update

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

Governance