Formal Governance
Thank you all for joining the formal governance meeting. We have 13 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:
$5,000 USD in MKR to OnChain (approved)
- https://forum.makerdao.com/t/onchain-consulting-invoice-for-december-2016/750
- MKR = .915 ETH - $10.09 USD = 1 ETH ($9.23 USD per MKR)
$27,500 USD Reimbursement for OneUp invoice paid in MKR to Rune (approved)
Increase OneUp development budget to 15K USD for 1.5 FTE (approved)
On Record None Voting Proposals:
January Proposed Budget
| Name | USD Equivalent |
|---|---|
| Nexus | 30,000 |
| OneUp | 15,000 |
| GGT | 5,000 |
| Total | 50,000 |
Deal with PolyChain
- Present a deal to the community
Dev Update:
Maker Core
- Whitepaper iteration (wiki-style “yellow paper”)
- Daniel in Miami!
- Engine rewrite by Daniel
Maker Market
- Updated UX designs posted to chat
- Basic testing
- Getting close to V2 release
Token Auction / Weekly MKR Auction (UI)
- No update
- Need to allocate dev resources
- James has been working on Python trading bots
Simple Stable Coin
- OneUp will be working on this soon
- Feature complete
- Close to release
MKR Sale update
- 6019 ETH for 6300 MKR
Video
- Confirmed script for video 3
- Storyboard for video 2 finalized
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
Proposal Guidelines
Dev resource allocation
- Feedbase, whitelist, simple coin, CDP
- https://forum.makerdao.com/t/maker-dev-strategy-meeting-notes/752
- Maker Model
- Jake from Coinfund would like to contribute
Process of adding tokens to maker market
- Submit an issue on github
- Maker Market is opensource
December Budget
| Name | USD Equivalent |
|---|---|
| Nexus | 20,000 |
| OneUp | 10,000 * |
| GGT | 5,000 |
| Total | 35,000 |
**Reduced staffing during holiday season
- OneUp expects lower staffing availability in December. The proposed budget is an estimate and a final invoice will be issued for work completed in December. Invoice not to exceed $10,000. Edit: Final invoice was USD 8,633
