Maker Meeting Notes 2017 June 18th

in makerdao •  2 years ago

Formal Governance

Audio Link

Thank you all for joining the weekly meeting. We have 23 participants on the call today.

This part of the meeting will be recorded and will serve as the formal record of the community consensus. Agenda items should be posted to or in #meeting-agenda on Rocket Chat

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

On Record:

Dev Update:

Maker Core (DRI: rain/mbrock/dbrock):

  • Sai - Simplecoin (DRI: Rain)

    • Splitting contract to deal with gas limits
    • 3 CUPS - 1200 ETH backing 113030 SAI
    • DC working on diagrams
    • Next version will be longer lived
      • Will be feature complete
  • Maker Model : (DRI: mbrock):

    • No update
  • Keepers (DRI: reverendus)
    • Python “framework” to make building keepers easier (
    • A few examples how to use the “framework”
    • Three example keepers (bite, cup top-up, bust arbitrage)
    • Documentation at

Oasis (DRI: Geronimo):

  • General:
    • Frontend/Contracts will go through a testing phase for two weeks.

Marketing (DRI: Matt)

  • .eth domain registries
    • Stablecoin.eth
    • buyandburn.eth
  • New website development
    • Go0t and Cass making good progress on websites

Foundation Update:

MKR Sale [suspended] (DRI: rune + zandy):

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

  • Dai

    • propose vow change which will use sai-style liquidation at feed if the feed is available, possibly with its own rate limits. Auctions are still the backstop and critical to be resilient against feed failure
  • Clarify prior proposal about MKR stopgap order contract thing: Nikolai argues against ever having an "emergency fund" as part of "dai stablecoin system core". There are a few "best ways" to do it and each have problems while not actually being fundamentally safer because it should simply get priced into MKR

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