Formal Governance

Thank you all for joining the formal governance meeting. We have 11 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.

Maker Design Reward II to Geronimo (approved)

• https://forum.makerdao.com/t/maker-design-reward-ii/717
• 58.66 hours at $30/hour = $1,759.80 USD
• $9.58 ETH per USD = 183.70 ETH
• .5 ETH per MKR = 367.3903967 MKR

Dev Update:

Maker Core

• Created multisig action overview page (MetaMask not required):
  https://makerdao.github.io/actions
• Rewrote and started using Kelvin versioning for key Dappsys components
  https://github.com/nexusdev/ds-auth
  https://github.com/nexusdev/ds-data
• Added “comment” feature to new multisig and moved to Kelvin versioning
  https://github.com/nexusdev/ds-multisig
• Created UI sketches for the Dai Credit System:
  https://makerdao.github.io/dcs-ui/new-cdp.html
  https://makerdao.github.io/dcs-ui/edit-cdp.html
  https://makerdao.github.io/dcs-ui/new-cdp-type.html

Maker Market

• Created simplified WETH token
  https://github.com/nexusdev/weth
  Created market statistics page (MetaMask not required):
• GNT Integration coming next week
  • Generic solution for any transfer-only tokens
  • Warrants a dev blog post
• Usability fixes/features coming next week

Token Auction / Weekly MKR Auction (UI)

Simple Stable Coin

• Created simplified unpaid Feedbase implementation:
  https://github.com/nexusdev/ds-data
• Simplecoin-explorer read-only view almost complete
  https://makerdao.github.io/simplecoin-explorer/

Maker-core roadmapping

• Mariano & Gonzalo: Updating Simple Coin & Feedbase contracts to Dapple 0.8 & Solidity 0.4.x. Couple deployment issues resolved with the help of the Nexus team.
• SimpleCoin Explorer working on showing minimal coin data (on Morden): https://makerdao.github.io/simplecoin-explorer/

Maker-core roadmapping

• https://drive.google.com/file/d/0By-T9wgbMXfJWnlYaVhWc25nTlE/view?usp=sharing

MKR Sale update

• Due to technical difficulties only 900 MKR was sold (monday to wednesday), for 468 ETH

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

When to conclude sale

Token auction strategy

November Budget

Name	USD Equivalent
Nexus	20,000
OneUp	10,000
GGT	5,000
Total	35,000

Audio Link