PollingExecutiveDelegatesES Module
Posted Nov 08 2021 16:00 UTC
Poll ended

Ratification Poll for the Immunefi Security Core Unit (IS-001) - November 8, 2021

MIPs
Discussion

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, November 8 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 Adding Immunefi Security Core Unit - IS-001 being accepted and implemented in the Maker Protocol.

MIP39c2-SP24

A brief summary of this proposal has been provided by the MIP Author and is shown below:

The overall goal of the Immunefi Security CU is to secure the Maker ecosystem through multiple angles by leveraging its existing and growing security community and expertise. This involves dedicated services to the Maker ecosystem, effectively establishing a security partnership with the DAO. The CU will also aim to complement and collaborate with existing and future CUs instead of competing with them, leveraging existing processes, infrastructure, and information, among others, in order to deliver greater value to the Maker ecosystem.

As a pioneer in the DeFi space with billions in funds in the protocol, the Maker ecosystem is an attractive target for blackhat hackers who look to steal funds or disrupt the protocol. With millions lost regularly in the cryptocurrency space, it is likely that the Maker protocol, its key people, and its key infrastructure, are targeted on a regular basis.

Please review the links below to inform your position on this proposal before voting.

MIP40c3-SP42

A brief summary of this proposal has been provided by the MIP Author and is shown below:

MIP40c3-SP42 adds the budget for Core Unit IS-001: Immunefi Security. It contains:

  • Total Budget Cap: The hard limit voted on by Governance
  • First-month forecast: The actual first month estimated expenses
  • Regular monthly forecast

Please review the links below to inform your position on this proposal before voting.

MIP40c3-SP41

A brief summary of this proposal has been provided by the MIP Author and is shown below:

MIP40c3-SP41 adds the MKR Incentive Plan budget for Core Unit IS-001: Immunefi Security. It contains:

  • Total MKR Expenditure Cap
  • Estimated MKR Expenditure (based on the current team)
  • Escrow Wallet mechanism

The IS Core Unit follows the Sustainable Ecosystem Scaling Core Unit (SES-001) proposal for MKR Vesting.

MKR incentives have been determined based on the Program discussed here. This is a 3-year vesting plan with 1-year cliff vest.

The IS core unit has been working under the incubation program of the SES since October 2021. The members of this core unit will take that as the start date for the vesting schedule.

Please review the links below to inform your position on this proposal before voting.

MIP41c4-SP25

A brief summary of this proposal has been provided by the MIP Author and is shown below:

MIP41c4-SP25 adds @travinimmunefi as the Facilitator for Core Unit IS-001: Immunefi Security.

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 these proposals Accepted and the Governance Facilitators will confirm their passage on the Governance and Risk call on Thursday, November 25.
  • Any further work required to implement these proposals 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.

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