From 68b3e6c89427cd31ae4f9825c8f0716f1a80c26b Mon Sep 17 00:00:00 2001 From: blimpa Date: Thu, 9 May 2024 06:10:03 -0300 Subject: [PATCH] MIP102c2-SP34 amendment (article 1 edits) --- MIP101/MIP101.md | 255 +---------------------------------------------- MIP104/MIP104.md | 151 +--------------------------- MIP106/MIP106.md | 4 +- MIP113/MIP113.md | 2 +- 4 files changed, 9 insertions(+), 403 deletions(-) diff --git a/MIP101/MIP101.md b/MIP101/MIP101.md index dd59b1ef5..8c2ef9b10 100644 --- a/MIP101/MIP101.md +++ b/MIP101/MIP101.md @@ -20,260 +20,15 @@ Ratification Poll URL: https://vote.makerdao.com/polling/Qmbndmkr#vote-breakdown ## 0: Definitions -### Organizational Alignment - -Organizational alignment is a traditional business concept and can be described as the process of implementing strategies and philosophies to ensure that each member of an organization, from entry-level positions to executive managers, shares a common goal and vision for the success of an organization. - -### Ecosystem Intelligence - -Ecosystem Intelligence is a way to look at a decentralized ecosystem as a single entity that acts with a greater or lesser amount of intelligence. Ecosystem Intelligence isn't just determined by the sum of the intelligence of each of its constituent parts, but also of the alignment of them. Counterintuitively, very intelligent, but spiritually misaligned participants in a decentralized ecosystem will actually lower its Ecosystem Intelligence. - -### Aligned Structure - -An aligned structure is a network, ecosystem, entity, organization that actively employs alignment engineering. - -### Universal Alignment - -Universal Alignment means an actor holistically understands their connection to their external context, and can extrapolate how their actions impact everything else, and the second order effects that reflect back on the actor, in the context of human morality and values and the natural world. Being universally aligned allows an actor to understand the intention of universally aligned rules, and discover discrepancies between the technical incentives of rules and their universal intention. Lacking universal alignment, or acting in a way that is against universal alignment, is being misaligned. Preventing misalignment is the fundamental objective of Alignment Engineering and Alignment Artifacts. - -### Universal Alignment Assumption - -Universal Alignment is a spectrum, and actors are more or less Universally Aligned. - -In theory Universal Alignment is absolute, but in practice it cannot be measured deterministically and thus practically will always be subject to debate and changes over time. Alignment Engineering aims to minimize the degree that actors experience their own, and others, Universal Alignment changing over time. - -### Alignment Artifact Strength - -The Strength of an Alignment Artifact determines the minimum level of universal alignment required for an actor to, upon interaction with the Alignment Artifact, take universally aligned actions. - -Alignment Artifact Strength occurs by making sure the Ecosystem Intelligence evolves such that each actor's self-interested incentives correspond as precisely as possible with requirements of Universal Alignment, so that misalignment can be overcome with minimal Inner Incentive. - -### Inner Incentive - -Inner incentive is the second-order incentive that a universally aligned actor uses to counteract the first-order (or self-interested) incentives that are present pre-Alignment Engineering and/or caused by a misaligned structure. - -### Alignment Engineering - -Alignment Engineering is a philosophy of organizational design introduced through this Alignment Artifact. It aims to anchor internally sustainable Ecosystem Intelligence within Alignment Artifacts that embody recursive trends towards increased Alignment Artifact Strength over time. - -### Letter of the Rule vs Spirit of the Rule - -The distinction between the letter of the rule and the spirit of the rule refers to whether an individual interprets and follows a rule strictly based on its precise wording, or instead also considers its underlying intent or larger purpose. Based on the Universal Alignment Assumption the underlying intent of rules always aims to serve human values and promote public benefit within a given context. - -A "letter of the rule" interpretation adheres strictly to the rule's language, often exploiting ambiguities or loopholes to achieve a specific outcome. This approach allows the rule's exact wording, even if flawed or misaligned with its goals, to dictate the result, particularly if it benefits the interpreter. - -A "spirit of the rule" interpretation seeks to comprehend the rule's true purpose and how it contributes to universal alignment, while remaining bound by the letter of the rule. When faced with inconsistencies or errors in the rule's language, this approach appeals to a pre-established method for disabling, disregarding or substituting the rule as needed to prevent outcomes that contradict its intended objective and the greater purpose it serves. - -Example: - -Imagine a large corporation discovers a loophole in the environmental regulation of its jurisdiction that allows them to generate profits by using a specific type of pollutant that isn't regulated as a greenhouse gas, but when emitted is as harmful as regulated greenhouse gasses. - -By exploiting the "letter of the rule," the corporation complies with the regulations on paper but continues to harm the environment and public health in practice. - -A universally aligned actor in this situation, such as an environmentally conscious competitor, would interpret the regulations based on their "spirit" or underlying purpose — protecting the environment and public health. Recognizing that exploiting the loophole contradicts the regulations' intent, the universally aligned actor would voluntarily choose not to emit the harmful pollutant, even though doing so might be profitable and technically legal. A universally aligned actor would also actively work with the government and other stakeholders to close the loophole and strengthen the regulations to ensure that they effectively serve their intended purpose, and to protect themselves from misaligned competitors. - -### Incentivized Alignment - -Incentivized Alignment is the outcome of an actor’s myopic and self-interested following of the letter of the rule with the first order incentives of an Aligned Structure, but is not likely to be inherently Universally Aligned and lacks Inner Incentive. - -### Misalignment - -Misalignment is when it is possible to prove that an actor does not possess Universal Alignment or acts in a way that goes against Universal Alignment. - -### Slippery Slope Misalignment - -Slippery Slope Misalignment is the shortest path to misalignment where tiny misaligned acts are justified through various means, which could include ignoring the potential significance and larger impact of acts due to their small scale, the trivial way the misalignment occurs, the good intentions of the actor, or that the ends justifies the means. - -Understanding Slippery Slope Misalignment means understanding that any misalignment at all is always very serious and if not dealt with results in increased risk of disequilibrium and alignment failure. In the context of a DAO this could mean a governance attack or financial collapse. - -### Scope - -Scope is a particular focus area of Maker or a SubDAO. There are five scopes: - -- **Stability**, focusing on financial stability and the core Dai stablecoin product -- **Accessibility**, focusing on frontends and distribution -- **Protocol**, focusing on technical development, maintenance, and security -- **Support**, focusing on ecosystem support, tools and activities -- **Governance**, focusing on Alignment Artifact interpretation and balance of powers - -### Alignment Artifact - -Alignment Artifacts are outputs of alignment engineering, and can be used by universally aligned actors to coordinate to achieve a positive sum outcome. - -### Scope Bounded Mutable Alignment Artifact (Scope Artifact) - -The Scope Artifact is an Alignment Artifact that is designed to align the actions and incentives of participants within a specific scope defined by the Atlas. It provides a framework for decision-making, resource allocation, and governance within the defined scope. - -Each scope has its own unique set of challenges and objectives that require a tailored approach to alignment. - -The strength of a Scope Alignment Artifact depends on how well it aligns with Universal Alignment principles, as well as how effectively it is communicated and understood by participants within the defined scope. A strong Scope Artifact can help prevent misalignment and ensure that all participants are working towards a common goal for the benefit of the entire organization or ecosystem. - -Scope Artifact must not be changed beyond their Scope Boundaries defined by the Atlas, as this constitutes Slippery Slope Misalignment. - -### Atlas Immutable Alignment Artifact (The Atlas) - -The Atlas is the foundational set of rules that underpins the Scope Artifacts. It is immutable from the moment the Maker Ecosystem enters the Endgame State. Its immutability mitigates the potential and actual damage caused by Slippery Slope Misalignment that could result in erosion of its potency in favorably impacting Alignment Engineering over time. - -### Alignment Conserver - -Alignment Conservers are external entities that play a fundamental role in facilitating and protecting the Maker Governance process by ensuring it occurs according to the processes defined in the Atlas. As such, they enable MKR holders to participate in Maker Governance in a manner where it is easy for MKR holders to make the decisions that best benefit their long term interests as MKR holders, even if the MKR holders as a single group have relatively little alignment. - -### Aligned Voter Committee (AVC) - -Voter Committees are groups of MKR holders that publicly coordinate to analyze the best voting behavior based on a particular strategy, and publicly coordinate political positioning with other Voter Committees and voting blocs to reach compromises and middle grounds that minimize bad decisions. The base form of Voter Committees are the Permissionless Voter Committees which is a very simple designation for any kind of organized voting group. - -AVCs are standardized Voter Committees made up of Alignment Conservers that hold MKR, and publicly coordinate to analyze the best voting behavior based on a particular strategy, and publicly coordinate political positioning with other Voter Committees and voting blocs to reach compromises and middle grounds that minimize bad decisions. They are subject to specific requirements enforced by the Governance Scope, and receive various benefits, resources and support from the Support Scope. - -AVCs are stewards of the spirit of the rules, and prioritize responding proactively to any evidence or allegation that letter of rules are being introduced or used in ways misaligned with the spirit. - -Bullet point highlights: - -AVCs are groups of MKR holders that: - -- Publicly coordinate for best voting behavior -- Analyze strategies -- Develop Unique, Universally Aligned Strategic Perspective -- Coordinate political positioning -- Work with other AVCs and voting blocs -- Aim for compromises and middle grounds -- Minimize bad decisions -- Are subject to Governance Scope requirements -- Receive benefits, resources, and support from the Support Scope -- Ensure day-to-day rules align with the spirit of rules - -### Aligned Governance Strategy - -The Aligned Governance Strategy is a document that describes the instructions from the AVCs for how ADs should vote with their Governance Strategy Link for the AVC. Aligned Governance Strategies must be Universally Aligned, and both AVCs and ADs are responsible and can be penalized in case of their involvement with a misaligned Aligned Governance Strategy. - -### Scope Advisory Councils - -Scope Advisory Councils are groups of Ecosystem Actors approved by Maker Governance to perform Scope Artifact Advisory Projects that aim to produce objective, fact-, data- and expertise driven upgrades to the Scope Artifacts they specialize in. Their Advisory output is used as the starting point for Aligned Scope Proposals. - -### Aligned Scope Proposal - -The Aligned Scope Proposals are documents that describe the desired updated state of each of the Scope Alignment Artifacts from the perspective of the AVC that makes them. The Aligned Scope Proposals may be created based on a starting point developed by Scope Advisory Councils, where the AVCs then take steps to ensure it is Universally Aligned, and apply their unique strategic perspective, to for instance make it more or less *dovish* or *hawkish*. - -### Aligned Delegate (AD) - -Aligned Delegates are Anonymous Alignment Conservers that use the Protocol Delegation System to enable regular MKR holders to easily and safely delegate their MKR voting power towards implementing the Aligned Governance Strategy of an AVC, while earning Governance Participation Rewards in the process. - -Because they directly control large amounts of incentivized MKR voting power, ADs are the most powerful and potentially dangerous type of Alignment Conserver and the primary way the Alignment Artifacts need to work is by providing tools for ADs and all other actors in the ecosystem to keep ADs in check and acting Universally Aligned. - -The most important task of ADs is to use their power to protect the spirit of the Atlas and maintain Universal Alignment of the Maker Ecosystem. - -ADs are subject to strict requirements enforced by the Governance Scope, and receive various benefits, resources and support from the Support Scope. - -### Governance Strategy Link (GSL) - -A Governance Strategy Link is a vote delegation module controlled by an AD. Each GSL is paired with a specific AVC, and the AD is required to faithfully follow the spirit of the AVCs Strategic Perspective when voting, while safeguarding against misalignment by the AVC. - -### Facilitator - -Facilitators are anonymous Alignment Conservers that can be engaged by FacilitatorDAOs to directly access governance processes and smart contracts that the FacilitatorDAOs control, to help ensure the FacilitatorDAOs fulfill their responsibility under the Alignment Artifacts. - -### SubDAO - -SubDAOs are semi-independent DAOs that are linked to Maker Governance and whose core design enables a derisked, second layer of the ecosystem to foster fast-moving, risk-adjusted innovation, growth and experimentation. SubDAOs also enable delegation of responsibility and risk within specific, highly complex areas. In general, complexity, responsibility, decision-making authority and risk is off-loaded from Maker Core and pushed to the SubDAOs, except if the Maker Core Alignment Artifact specifies otherwise. - -### FacilitatorDAO - -FacilitatorDAOs are the administrative SubDAOs that are tasked with organizing the internal mechanisms of MakerDAO, AllocatorDAOs and MiniDAOs, based on the processes specified in their Scope Frameworks. They ensure that all internal processes have a collateralized actor responsible, who is providing insurance for the task and processes running as it is specified, and they also ensure that neither MakerDAO or the SubDAOs need to have a notion of an “internal team” or similar that could be a centralization risk. - -### AllocatorDAO - -AllocatorDAOs are the most prominent SubDAOs. They can generate Dai Directly from MakerDAO and allocate it to the most valuable opportunities in the DeFi ecosystem from the Allocator Vaults. They also operate decentralized frontends that act as the entry point to the Maker Ecosystem. They can also incubate and create MiniDAOs. - -### MiniDAO - -MiniDAOs are created by AllocatorDAOs through a simple Governance decision. MiniDAOs enable AllocatorDAOs to innovate many new products and ideas they can then diversify and decentralize by spinning them off as MiniDAOs. MiniDAOs can be very diverse and in some cases very short lived as they try out a new idea that may or may not hit product market fit. Because of their extremely low barrier to entry and ease of creation they can be highly experimental and creative, allowing some of them to hit surprising home runs. - -### Aligned Voter Committee (AVC) Subcommittee Meeting - -The AVC Subcommittee Meetings are events where AVC Members gather, together with other key stakeholders such as ADs, Facilitators, and Advisory Council Members, and other stakeholders like MKR holders and Ecosystem Actors invited by the AVC. The Subcommittee Meetings always cover one of the 5 Scopes in a weekly rotation, covering each Scope twice every quarter. The AVC Subcommittee Meetings are used to discover the pathway for the AVC to align on an Aligned Scope Proposal for each Scope for the quarter. - -### Communication Channel - -Communication Channels are a critical consideration of the Maker Alignment Artifacts as they have a significant impact on incentivized alignment. - -### Governance Scope (GOV) - -The Governance Scope Alignment Artifact codifies rules that regulate the critical balance of power processes defined in the Maker Atlas, and adjudicate on appeals processes related to misalignment in the ecosystem. - -### Support Scope (SUP) - -The Support Scope Alignment Artifact codifies rules that regulate various tasks of ecosystem support, including governance process infrastructure and management, SubDAO ecosystem support, Public Good Purpose System. - -### Protocol Scope (PRO) - -The Protocol Scope Alignment Artifact codifies rules related to the core technical MakerDAO protocol, the NewChain, and the Two-Stage Gravity Bridge. - -### Stability Scope (STA) - -The Stability Scope Bounded Mutable Alignment Artifact codifies the rules related to managing the core stablecoin product, Dai, and supporting factors related to financial stability, such as surplus buffer and decentralized asset reserve. - -### Accessibility Scope (ACC) - -The Accessibility Scope Bounded Mutable Alignment Artifact codifies rules related to accessibility and distribution efforts, and regulates user-facing frontends of MakerDAO Core and SubDAOs. - -### SubDAO Scope Bounded Mutable Alignment Artifacts - -SubDAO Scope Bounded Mutable Alignment Artifacts are internal Scope Alignment Artifacts for SubDAOs. All SubDAOs begin with a standard genesis Scope Artifact that they can modify. They can also create additional Scope Artifacts with new Scopes. Unlike MakerDAO, SubDAO Scope Artifacts have much fewer restrictions on how they can be modified and what strategic opportunities they can cover. - -### Governance Equilibrium - -A Governance Equilibrium is a state in a Decentralized Governance dynamic where the governance process is able to remain decentralized over time with a very high degree of confidence. It requires redundant feedback loops that can counteract the natural incentives that push the governance process towards disequilibrium and centralization. - -### Endgame State - -The final technical and Alignment Engineering state of MakerDAO where all aspects of the Ecosystem that can be made immutable, have been made immutable. It is triggered with the deployment of NewChain. The aim of the Endgame State is to create a highly resilient Governance Equilibrium. - -### Easy Governance Frontend - -The EGF is a standardized decentralized frontend for participating in MakerDAO governance that all SubDAOs must make available for MKR holders to access. It is the standard way to access the Governance Participation Incentives defined in the Maker Atlas. - -### Governance Participation Incentives - -The Governance Participation Incentives are a set of rewards available to users who participate in Maker Governance and Lockstake their MKR into the Lockstake Engine. The Governance Participation rewards include choosing either Dai and SubDAO token farming. For the Maker Lockstake Engine, it also includes the ability to generate Dai. - -### Lockstaking - -Lockstaking is a form of governance participation used by the governance tokens in the Maker Ecosystem. When a user Lockstakes, they immediately begin to earn significant rewards, but must pay an exit fee to access their governance tokens again. This makes it a lot more beneficial to lockstake if the user expects to remain in the system for a long term. Because there's a penalty for exiting, Lockstaking helps generate additional skin in the game and makes incentivized alignment more long-term aligned. - -### Farming - -Farming means using a token to receive a different token. Often, the token received is a volatile token, such as a governance token. - -### Neural Tokenomics - -An advanced tokenomics system that involves feedback loops, value distribution and value recapture with the aim of improving Ecosystem Intelligence. - -### Explicit Incentives - -The first order incentives that are coded into rules in Alignment Artifacts. - -### Implicit Incentives - -The incentives that an actor can estimate through the letter of the rules interpretation of an Alignment Artifact and the probability of enforcement. - -### Incentive Slack - -Incentive Slack means that there's a gap between the explicit incentives and the implicit incentives in an Aligned Structure. Incentive Slack can occur if coded rules aren’t enforced, or if they are made to be overly restrictive or unworkable, and thus necessarily setting precedence of bypassing the rules. High Incentive Slack creates a perception that rules are likely to be ignored generally, without regards for the spirit of the rules. Incentive Slack means significant risk of widespread misalignment because it cannot occur if the aligned structure contains universally aligned actors enforcing the rules. - -### Whole Weeks - -The Alignment Artifacts defines quarterly and yearly cycles that determine fixed points in time by counting whole weeks from the beginning of a quarter. The first whole week of a quarter is defined as the first week that contains all of its days, starting with Monday, inside the quarter. Another definition would be “the week starting with the first Monday of the quarter”. - -### Strategic Perspective - -The Strategic Perspective of an AVC is its internal bias around what modifications and improvements are most needed for Maker. It can also be referred to as the bias. Every AVC must have a Strategic Perspective, because it is impossible to define a truly objective Universally Aligned interpretation of the Atlas. All AVCs and all other actors must collaborate to find something that is as close as possible to true Universal Alignment, each using their Strategic Perspective to pull in the direction they think is most strategically sound. +## 1: The Atlas -### Major and Minor SubDAOs +This MIP specifies the legacy Atlas. The legacy Atlas will soon be upgraded to Atlas v2, which is a version of the Atlas that no longer relies on the legacy MIP system, and consists of a single file that contain all Atlas Documents as a nested tree. -FacilitatorDAOs and AllocatorDAOs are Major SubDAOs because they are incubated directly by MakerDAO, while MiniDAOs are Minor SubDAOs because they are incubated by AllocatorDAOs (another SubDAO). +Before the upgrade to Atlas v2, there may be inconsistencies in the Atlas, and between Atlas and the Scopes. In case of conflicts between the Atlas and the Scopes, the Scopes takes precedence as they are generally more up to date. -## 1: The Atlas +Facilitators must be careful in using their judgement and common sense to ensure that all interpretations and use of their powers is in accordance with the goals of Endgame Launch: To ensure maximum growth and smooth operations and minimize governance red tape while the first Endgame Products are released, while ensuring actual, pragmatic security of the system is not jeopardized. -Will be populated with the Atlas Preamble in a future edit. +Document identifiers do not have to be in order or be sequential. ## 2: The Governance Scope - GOV diff --git a/MIP104/MIP104.md b/MIP104/MIP104.md index d7e8ffbc3..7d7e1a5a4 100644 --- a/MIP104/MIP104.md +++ b/MIP104/MIP104.md @@ -18,73 +18,10 @@ Ratification Poll URL: https://vote.makerdao.com/polling/Qmbndmkr Forum URL: https://forum.makerdao.com/t/mip104-the-decentralized-collateral-scope-framework/19685 ``` -## 0: The Stability Scope - -The Stability Scope covers the management of the Dai Stablecoin. The Dai Stablecoin must be a permissionless and useful currency available to anyone. Its stability and risk must be managed to generate as much value for MakerDAO and public good as possible. - ## 1: Scope Improvement ### 1.1: The Stability Advisory Council -The Stability Advisory Council is a group of Ecosystem Actors that have been approved by Maker Governance to carry out advisory work related to improving the content of the Stability Scope Artifact. - -#### 1.1.1: Stability Advisory Council Membership Management - -Members of the Advisory Council are directly approved by Maker Governance through a governance poll, and must fulfill specific criteria. - -##### 1.1.1.1 - -The Stability Facilitators must ensure that potential Advisory Council Members can apply to be approved by Maker Governance, using an open process with clear instructions as per *1.1.1.3*. - -##### 1.1.1.2 - -Advisory Council Members must be Ecosystem Actors that are not involved in any business, political, or other governance-related activity that could result in a conflict of interest, either directly or indirectly. They must also have relevant skills for providing professional expert input on the content that the Stability Scope is covering. - -##### 1.1.1.3 - -The Stability Facilitators must periodically, when it is relevant, review the Advisory Council Applications, and if they find applications that are suitable, bring them to a vote through an MKR governance poll. When Advisory Council Applications are posted on the Maker Forum, which must follow the template as per *1.1.2.4.1A*, the Stability Facilitators have a review period of 30 days. During this review period, the applicant must host a Community Q&A and shall answer as many questions and doubts as possible. - -###### 1.1.1.3.1 - -The Stability Facilitators can extend this deadline, if necessary, by 15 days, provided they posted the justification in the Maker Forum. - -###### 1.1.1.3.2 - -Once the review period is ended, the Stability Facilitators must publish the response to the application on the Forum, along with a description of the reasoning behind the decision. If approved, the application will continue with the Governance Process and proceed to a vote as per *1.1.1.3*. - -###### 1.1.1.3.3 - -Upon a successful vote, the Stability Facilitators must arrange a service contract with the Advisory Council member, which must be made public. Approved Advisory Council Members are added to *1.1.1.6.1A*. - -###### 1.1.1.3.4 - -Approved Advisory Council members have a term of service of 18 months from the time they are approved by Maker Governance. If desired, the Advisory Council Member can submit a new application for re-election when their term has between 60 and 30 days remaining. The re-election application must also fulfill *1.1.2* requirements and will open a new review period of 30 days where the Maker Community can provide feedback. The applicant shall again host a Community Q&A and respond to as many questions and doubts as possible. If approved, the re-election application will continue with the Governance Process and proceed to a vote as per *1.1.1.3*. - -##### 1.1.1.4 - -The Stability Facilitators may, if they deem it necessary, trigger a vote to remove an Advisory Council Member. If an Advisory Council Member has not done any paid work for the Scope for at least 1 year, then the Stability Facilitators can choose to remove them at will, if they deem it necessary. - -##### 1.1.1.5: Stability Advisory Council Requirements - -###### 1.1.1.5.1 - -Stability Advisory Council members can be individuals, groups of people, legal entities, or companies. They can be pseudonymous or known entities. Stability Advisory Council members must be aligned with the long-term goals of MakerDAO Endgame. - -###### 1.1.1.5.2 - -Desired competencies for members of the Stability Advisory Council, as many of the following as possible: - -1. Expertise in capital markets, bonds, equities. -2. Experience as a market analyst or economist. -3. Expertise in tokenomics. -4. Expertise in fund management and risk profiles. -5. Deep knowledge of decentralized collateral accounting and finance. -6. Experience in credit risk, market risk, liquidity risk, and operational risk. -7. Deep understanding of principles of portfolio construction, asset allocation, diversification strategies, and performance measurement. -8. Experience in smart contract and DeFi risk management. -9. Experience in economic modeling of high-volatility portfolios. -10. Expertise in Value at Risk analysis with detailed knowledge about the limitations of the method. - ##### 1.1.1.6 The current approved Stability Advisory Council Members are recorded in *1.1.1.6.1A*. @@ -101,90 +38,6 @@ Current list of Advisory Council Members: ¤¤¤ -#### 1.1.2: Stability Advisory Council Recognition - -##### 1.1.2.1 - -In order to be eligible for the Stability Advisory Council as per *1.1.1.3*, an Ecosystem Actor must post a recognition submission message publicly on the Maker Governance Forum. - -##### 1.1.2.2 - -The submission message must be cryptographically signed by the Ecosystem Actor address. - -##### 1.1.2.3 - -The cryptographically signed Stability Advisory Council Recognition Submission Messages must contain the information specified in *1.1.2.3.1* and *1.1.2.3.2*. - -###### 1.1.2.3.1 - -The following text must be included: “[Name] Stability Advisory Council Recognition" - -###### 1.1.2.3.2 - -A timestamp recording the time and date that the message was signed. - -##### 1.1.2.4 - -The submission message must follow the template *1.1.2.4.1A* - -###### 1.1.2.4.1A - -``` -Title: [Name] Stability Advisory Council Recognition Submission -- [Ecosystem Actor Ethereum address] -- [Cryptographically signed Advisory Council Recognition Submission Message] -- Applicant's name: [Company, team, or individual] -- Any other relevant identifying details: - - Twitter: - - Website: - - Email: - - Maker Forum: - - Telegram: - - LinkedIn: - - Discord: - - Github: - - Other: -- Presentation: [Introduction] -- Ethos and Vision: -- Team: [Founders and team members. Brief description of their skills and backgrounds] -- Services: [What is your company specialized in? What kind of services do you offer?] - - Experience: [A detailed history of relevant previous experience] -- Client References: [Who are your clients, what projects have you done and can you show the results of any of them?] -- Explain how your skills will contribute to improving the selected Scope: [Which specific aspect of the Scope do you intend to enhance, and what is the rationale behind your choice? How do you plan to improve the chosen aspect? Provide milestones, if applicable]. -- Payment Details: [How shall the compensation for your contributions be structured? How many hours shall the work entail? Detail as much as possible -- Emergency Availability: [Would you be available on short notice to provide advisory support in the event of an unforeseen emergency? How short of a notice? What would be your hourly rate for emergency advisory services rendered?] -``` - -#### 1.1.3: Stability Advisory Council Projects and Funding - -The Advisory Council is paid on a project basis to do specific work that improves all or specific parts of the Scope Framework. - -##### 1.1.3.1 - -Entities are encouraged to submit applications with the intention of enhancing a specific portion of the Scope Framework. Any entity can notice a problem in the Scope or something that can and should be improved and apply to undergo a process to suggest improvements. There are also sometimes specific pieces of advisory work listed in *1.1.3.2* that can be taken on by applicants. The Stability Facilitators should diligently encourage participants possessing relevant areas of expertise to actively engage in this process to the fullest extent possible. Accordingly, once this MIP is successfully passed, it is imperative that the Stability Facilitators promptly post a Request for Applicants to the forum within a period of 30 days. The Stability Facilitators may choose to utilize a Peer-to-Peer recruiting process, which involves allocating a portion of the Stability Advisory Council budget to incentivize ecosystem participants and community members to actively seek out applicants, providing comprehensive explanations of the process. - -##### 1.1.3.2: Advisory Work for Stability Advisory Council Members - -- Liquidity risk is very important in maintaining a strong peg. DAI should be pegged 1:1 to USD, but allowing fluctuations for very short periods of time; specifically, a depeg of up to 10% for at most 48 hours is the most DAI should ever depeg. To this aim, Advisory work is required on how we should classify/de-average collateral - which can use the five defined ALM tiers as a starting point - and how much we could allocate to each classification to optimize revenues while maintaining these standards for the peg. This work should be prioritized very highly. - -- Design a framework for MakerDAO and SubDAOs to adequately monitor RWAs with minimal conflicts of interest. Part of the framework should include the necessity of giving access to all required data to a completely unaffiliated 3rd party. The list of accepted/trusted unaffiliated 3rd parties is regularly published by MakerDAO. It should also include penalties of some sort for non-compliance. The advisor should also recommend a 3rd party to hire as an ecosystem actor to onboard onto the list of accepted/trusted unaffiliated 3rd parties and execute the monitoring, alongside the criteria for the recommendation should we choose not to directly accept the recommendation. - -##### 1.1.3.3 - -Each Quarter, if they deem it necessary, the Stability Facilitators must solicit proposals and find one or more suitable Advisory Council Member to perform a project that will result in output that can be used to improve the Scope Artifact. This work output will be presented to the AVC Subcommittee Meetings as input for their Aligned Scope Proposals. As many AVCs as possible should be supported this way, prioritized by the Stability Facilitators. The Stability Facilitators must communicate in the first 15 days of a quarter if they believe no Advisory Council work is needed for that quarter. - -##### 1.1.3.4 - -In case an ambiguous, uncertain or challenging situation arises related to the Scope Framework, the Stability Facilitators may publicly notify the Advisory Council Members to submit proposals for projects that aim to reactively specify the language of the Scope Framework to take into account the specific situation. The Stability Facilitators can then directly propose the change to the Scope Framework in a weekly governance poll. - -##### 1.1.3.5 - -The Advisory Council may produce work output that is not directly compatible with the formatting of the Scope Artifact. In this case the Stability Facilitators must either transcribe it themselves, or hire an Ecosystem Actor to perform the transcription. This role does not require pre approval by Maker Governance. - -#### 1.1.4 - -The Stability Facilitators may produce advisory input on the content of the Scope Artifacts themselves, as long as it is focused on improving process and governance content. They are prohibited from providing unilateral input on expert subject matter content. - #### 1.1.5 The Stability Facilitators have a budget available to pay for Advisory Council Projects per quarter. All spending must be limited to only what is deemed necessary and with a high probability of producing clearly measurable value, and this must transparently be accounted for in a forum post at least a week before any transaction occurs. The budget is contained in *1.1.5.1B*. @@ -207,8 +60,6 @@ Advisory Council project budget: ### 1.2: Stability Scope DAO Toolkit Integration -The Stability Scope DAO Toolkit module must be built to give a full and accessible overview of all data and processes relevant to the Stability Scope. - ## 2: Dai Stablecoin Reference Asset This Article must be strengthened to ensure balanced and appropriate funding of proactive research into future reference assets. @@ -323,7 +174,7 @@ EDSR Upper Limit is: ¤¤¤ -#### 3.2.2.7: EDSR Utilization-Based Multipliers +##### 3.2.2.7: EDSR Utilization-Based Multipliers Each of the following EDSR multiplier tiers can be triggered by the Stability Facilitators based on the utilization rate. When first adopted, the EDSR begins at tier 1. If at any point in time the DSR utilization stays above the level needed for a different tier for a continuous period of more than 24 hours, the Stability Facilitator can choose to trigger the new tier, if doing so is not deemed harmful to user adoption, and a manual DSR adjustment must then be included in the next executive vote to account for the new tier. diff --git a/MIP106/MIP106.md b/MIP106/MIP106.md index d158eb55c..7132d6a80 100644 --- a/MIP106/MIP106.md +++ b/MIP106/MIP106.md @@ -236,11 +236,11 @@ Entities are encouraged to submit applications with the intention of enhancing a ##### 1.1.3.2: Advisory Work for Support Advisory Council Members - Develop a standard process for executing legal defense. -- This Scope defines a Legal research and preparedness budget of 2 million DAI a year. An Advisory Council member can be hired to detail and prioritize pertinent legal research that this budget can be spent on. Requirements for this Advisory council member would include a strong legal background and deep familiarity with decentralized finance. It is of paramount importance to find a profile with a proven track record in the field. +- This Scope defines a Legal research and preparedness budget of 2 million DAI a year. An Advisory Council member can be hired to detail and prioritize pertinent legal research that this budget can be spent on. Requirements for this Advisory council member would include a strong legal background and deep familiarity with decentralized finance. It is of paramount importance to find a profile with a proven track record in the field. ##### 1.1.3.3 -Each Quarter, if they deem it necessary, the Support Facilitators must solicit proposals and find one or more suitable Advisory Council Members to perform a project that will result in output that can be used to improve the Scope Framework. This work output will be presented to the AVC Subcommittee Meetings as the starting point for the AVC Scope Framework Position Documents. As many AVCs as possible should be supported this way, prioritized by the Support Facilitators. The Support Facilitators must communicate in the first 15 days of a quarter if they believe no Advisory Council work is needed for that quarter. +Each Quarter, if they deem it necessary, the Support Facilitators must solicit proposals and find one or more suitable Advisory Council Members to perform a project that will result in output that can be used to improve the Scope Framework. ##### 1.1.3.4 diff --git a/MIP113/MIP113.md b/MIP113/MIP113.md index f5f1839e2..8829d1b0d 100644 --- a/MIP113/MIP113.md +++ b/MIP113/MIP113.md @@ -168,7 +168,7 @@ None yet identified. ##### 1.1.3.3 -Each Quarter, if they deem it necessary, the Governance Facilitators must solicit proposals and find one or more suitable Advisory Council Member to perform a project that will result in output that can be used to improve the Scope Artifact. This work output will be presented to the AVC Subcommittee Meetings as input for their Aligned Scope Proposals. As many AVCs as possible should be supported this way, prioritized by the Governance Facilitators. The Governance Facilitators must communicate in the first 15 days of a quarter if they believe no Advisory Council work is needed for that quarter. +Each Quarter, if they deem it necessary, the Governance Facilitators must solicit proposals and find one or more suitable Advisory Council Member to perform a project that will result in output that can be used to improve the Scope Artifact. ##### 1.1.3.4