Deep Dive into Assigned Roles in MakerDAO
Last updated
Last updated
Due to recent upgrades (i.e., Endgame plan) to MakerDAO's governance, delegates have received new addresses for their roles in the new governance system. As a result, for these delegates, both old and new addresses need to be used to understand their voting behavior and their voting power.
Furthermore, delegates, grouped as five types of CVCs (Constitutional Voter Committees) are now broadly classified into three categories (see below for details).
An important factor is consider is that Hawkish CVCs aim to depeg DAI from USD through the Endgame Plan.
Feedback Loop LLC
1,000 delegated (> 90%) MKR from a16z (as of 2023-05-08)
– Growth CVC
–Composable CVC
(as of 2023-05-08)
Dovish (Growth CVC) & Neutral (Composable CVC)
a16z
Not specified. Likely Dovish.
ParaFi Capital
– Growth CVC
Dovish
Flip Flop Flap (3fdelegate)
– KISS CVC
Hawkish
Rune Christensen
Hawkish & Neutral (based on delegates receiving delegated MKR tokens from Rune)
Hawkish
KISS CVC
DAI, the decentralised stablecoin, is the product of MakerDAO and its main focus. It must remain stable, decentralised, open to everybody and uncensorable.
People with stake in the game are DAI holders and MKR holders. DAI holders rely on the key characteristics of DAI listed above. MKR holders have invested their own money in the project and must to be rewarded. The reward is, of course, primarily financial (value appreciation of MKR) but can also come in other forms: sense of stability and trust in the protocol, ‘status’ (if MakerDAO becomes trendy), sense of fulfillment if MakerDAO contributes to some good causes, etc.
Hawkish
Resiliency CVC
Resilient- MakerDAO ought to endure the test of time.
Privacy focused- MakerDAO ought to support both contributors' and DAI users' privacy.
Hawkish- For MakerDAO to improve DAI's resilience, the Surplus Buffer should be expanded and borrowers thoroughly screened.
Dovish
Growth CVC
Anon / Time zone friendly. We will have a public CVC text place (whether that’s forum or email or others that are compliant) where CDs or others who want to share their suggestions and voice their opinions can send in to count as participation.
Can be critical but be respectful. Just because we are in a CVC doesn’t mean Growth CVC should not tolerate any criticism. However, as a governance participant in Maker, all should be respected and foul plays (like explicit insults) won’t be received well.
A Safe Harbor. While the banning rule from CVC to CD is not yet crystal clear, we will not ban CDs unless they acted in an unconstitutional way deemed by both CVC and facilitators. In addition, any CDs that were banned by other CVCs for “preference” rather than breaking the constitution will have a chance in Growth CVC.
Neutral
Regenerative Finance CVC
Our priority is to advance the role of DAI as an “Unbiased World Currency” that supports “The Regeneration” as may be interpreted through the 8 Principles of a Regenerative Economy published by the Capital Institute (available for reference at ).
Neutral
Composable CVC
Credible Neutrality. Though the jokecouncil will instill a number of members to steward the CVC, our intent is to leverage the jokerace contests to surface feedback from all $JOKE holders and implement a practice of on-chain participation that extends beyond us. It is most important to us that the platforms provide a case study for fair, bottoms up participation.
Low Ego, High Experimentation As a governance participant in Maker, all should be respected and the jokecouncil CVC will prioritize learning and iterating over getting things right the first time
Anon / Time zone friendly. We will have a public CVC text place and frequently utilize the public, on-chain joke contests to surface ideas publicly and inform sync conversations within the designated meeting times.