Maker Meeting Notes 2017 March 26th

kennyrowe (64)in #makerdao • 7 years ago

Formal Governance

Thank you all for joining the weekly meeting. We have 11 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 forum.makerdao.com 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):

Progress on PP during dapphub meetup
Major simplecoin overhaul proposal
Rain: making good progress on vow and auctions

Oasis (DRI: Geronimo):

@reverendus & @r001: did some testing, fixed one bug in the contract, redeployed, awaiting more testing. Switched the frontend JavaScript client code build from dapple to dapp, in order to use market and wrapper contracts from the new dapp branches.
Testing needed (https://oasis-pro-by-reverendus-and-r001.surge.sh/)

Maker Model (DRI: mbrock ):

Started modeling in Isabelle for formal verification
Foundation for aqua marine paper, the formal verification of Maker
Nik: Looking to start economic simulations

Simple Stable Coin (DRI: zandy):

major upgrades:
- swap out the contracts with minimal interference to the feeds/U
- Build a better brand because implementation is better and could compete with other stablecoin implementations
- Needs to be decentralized
- Better research benefits

Video (DRI: kenny):

Considering making changes to script to replace mentions of “Maker” with Dai credit system, and changing website to makerdai.org
Changes would require more time and resources to complete and would likely fall outside the original agreement.
Video 1 link available upon request

Foundation Update:

MKR Sale update (DRI: rune + zandy):

Rune 1065 ETH for 1050 MKR
Zandy traded 500 MKR for 657.5 ETH
Going forward daily sale will be reduced threefold to 50 MKR per day / 350 MKR per week
Once foundation is established fund will be diversified

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

March Budget Guidance