Ratification Poll for Core Unit Budget, SNE-001 (MIP40c3-SP47) - January 10, 2022
The Governance Facilitators have placed a ratification poll into the voting system as part of the responsibilities defined in MIP51. This Governance Poll will be active for fourteen days beginning on Monday, January 10 at 16:00 UTC.
This is a binary vote.
- You may vote for a single option.
- You should vote for the option which you prefer.
- If you would accept either option, you should vote 'Abstain'.
Review
The community may vote in this poll to express support or opposition to MIP40c3-SP47 being accepted and implemented in the Maker Protocol.
A brief summary of this proposal has been provided by the MIP Author and is shown below:
The StarkNet Engineering Core Unit has produced the deliverables for Phase I as detailed in MIP39C2-SP19: the L1 and L2 contract (bridge code), the governance upgradeability mechanism, the DAI bridge limit, and proper documentation of the code. The deployment will happen in January when events are available on StarkNet, and when we have integrated StarkNet’s bridge interface.
StarkNet Engineering Core Unit is proposing a next phase for a requested budget of $487,292. The budget is split 50/50 between Maker and StarkWare, as was the case in MIP40c3-SP28: StarkWare will also fund $487,292. The total budget of Phase II is $974,583.
The deliverables are fast withdrawals L2->L1 and L2<>L2 teleportation. The approach is detailed in this forum post. The scope of the next phase follows the Wormhole design developed by Protocol Engineering (PE-001): Introducing Maker Wormhole.
Please review the links below to inform your position on this proposal before voting.
Outcomes
This poll implements a Minimum Positive Participation value. The Minimum Positive Participation is currently set to 10,000 MKR.
If the votes for the 'Yes' option exceed the votes for the 'No' option AND the votes for the 'Yes' option exceed 10,000 MKR, then the following actions will be taken:
- The MIP Editors will mark the proposal Accepted and the Governance Facilitators will confirm its passage on the Governance and Risk call on Thursday, January 27.
- Any further work required to implement the proposal will be tasked to the relevant Core Units.
Otherwise, this proposal will be marked as rejected per MIP51.
Resources
MIP51: Monthly Governance Cycle describes this type of poll and its position and significance within the rest of the governance cycle.
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.
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.