Core Unit Budget Streams, MKR Vesting, Recognized Delegate Compensation - January 11, 2023

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MKR Support

Supporters

The Governance Facilitator(s) and the Protocol Engineering Core Unit have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol.

If you are new to voting in the Maker Protocol, please see the voting guide to learn how voting works, and this wallet setup guide to set up your wallet to vote.


Executive Summary

If this executive proposal passes, the following changes will occur within the Maker Protocol:

  • A total of 4,810,620 DAI will be streamed to two Core Units, as detailed below.
  • A total of 1,143.69 MKR will be transferred to three Core Units, as detailed below.
  • A stream for 675 MKR will be set up for the Protocol Engineering Core Unit, as detailed below.
  • A total of 108,690 DAI will be transferred to eighteen Recognized Delegates, as detailed below.

Voting for this executive proposal will place your MKR in support of the changes outlined above.

Unless otherwise noted, the changes and additions listed above are subject to the GSM Pause Delay. This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to 48 hours.

If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol.


Proposal Details

DAI Budget Streams

DUX-001 DAI Budget Stream

As per their successful budget proposal, a DAI budget stream with the following parameters will be initiated for the Development & UX Core Unit (DUX-001), if this executive proposal passes:

SES-001 DAI Budget Stream

As per their successful budget proposal, a DAI budget stream with the following parameters will be initiated for the Sustainable Ecosystem Scaling Core Unit (SES-001), if this executive proposal passes:

MKR Vesting Transfers

DECO-001 MKR Vesting Transfer

As per their successful MKR vesting proposal, 125 MKR will be transferred to the Deco Fixed Rate Core Unit (DECO-001) at 0xF482D1031E5b172D42B2DAA1b6e5Cbf6519596f7, if this executive proposal passes.

RISK-001 MKR Vesting Transfer

As per their successful MKR vesting proposal, 175 MKR will be transferred to the Risk Core Unit (RISK-001) at 0x5d67d5B1fC7EF4bfF31967bE2D2d7b9323c1521c, if this executive proposal passes.

ORA-001 MKR Vesting Transfer

As per their successful budget proposal and this added commentary from @NikKunkel, 843.69 MKR will be transferred to the Oracles Core Unit (ORA-001) at 0x2d09B7b95f3F312ba6dDfB77bA6971786c5b50Cf, if this executive proposal passes.

MKR Vesting Stream

As per their successful budget proposal, a new stream with the following parameters will be initiated for the Protocol Engineering Core Unit (PE-001), if this executive proposal passes:

Note: the duration of this stream has been reduced from the approved four years for PE members' MKR vesting streams so that it ends at the same time as other streams for the Core Unit. The amount of MKR to be streamed has been reduced by a corresponding pro-rata amount.

Recognized Delegate Compensation for December

As per MIP61: Recognized Delegate Compensation, the following payments totaling 108,690 DAI will be made if this executive proposal passes:

For more information on December's Recognized Delegate Compensation, please see this thread.

Review

Community debate on these topics can be found on the MakerDAO Governance forum. Please review any linked threads to inform your position before voting.

Additionally, these changes may have been discussed further in recent Governance calls. Video for these calls is available to review.


Resources

Additional information about the Governance process can be found in the Governance section of the MakerDAO community portal.

To participate in future Governance calls, please join us every Thursday at 17:00 UTC.

To add current and upcoming votes to your calendar, please see the MakerDAO Public Events Calendar.

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