This Week in Maker – Reallocating Assets and Changing Names
Asset Liability Management
At a big picture level, governance is looking for contributors to develop an Asset Liability Management framework. This document would set clear, easy to follow rules for onboarding arrangers and allocating assets. There is much debate on what sort of candidate to select and what guidelines to give them. Any readers with experience in project-based budgeting or ALM are encouraged to join the conversation.
Changing Terminology
MakerDAO has a unique vocabulary, that has undergone several changes frequently. Here is a list of the various terms and how they are evolving. It is worth noting this is all tentative and this list could become obsolete at any point.
Constitution and Scopes> Alignment Artifacts
This is the governing document for MakerDAO that is intended to become immutable sometime next year. The name was changed to move away from pre-existing views on Constitutions, and to emphasize that the document sets the alignment for actors in MakerDAO.
Constitutional Voter Committes(CVCs) > Aligned Voter Committee(AVC)
These are organized MKR holders who set brought strategies for delegates. Name changed alongside the Constitution to emphasize that AVCs are expected to set the alignment for the DAO.
Constitutional Delegates > Aligned Delegates
Delegates who represent AVCs. Name changed alongside the Constitution to reflect that delegates are expected to be aligned to AVC strategies.
MetaDAO and SubDAO
No consensus here. Terms get used interchangeably.
Miscellaneous
A poll has passed to hold 500 million USDC with Coinbase Custody, who will pay 2.6%. The USDC will primarily be held in cold storage and Coinbase will not lend, pledge or hypothecate these funds.
The Protocol Engineering Core Unit is winding down. Their work is being transitioned to various ecosystem actors, such as the newly formed Pullup Labs.
As a result of the Constitution and Scopes passing, various small collaterals are being offboarded, such as YFI and MATIC. WBTC, as a "centralized" collateral, is having its stability fee increased considerably to 4.9% for all vaults.