Ratification Poll for Oracles Core Unit (ORA-001) Subproposal Set - June 14, 2021

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, June 14 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 can vote in this poll to express support or opposition to these proposals being accepted and implemented in the Maker Protocol.

This Inclusion Poll Subproposal Set contains the following MIPs:

• MIP39c2-SP13: Adding Oracles Core Unit | Discussion Link
• MIP40c3-SP15: Modify Oracles Core Unit Budget | Discussion Link
• MIP41c4-SP13: Facilitator Onboarding, Oracles Core Unit | Discussion Link

The sentence summary and paragraph summary have been provided by the MIP author:

Sentence Summary

Add an Oracles Core Unit to handle all of the Oracle needs of the Maker Protocol and build out an Oracle business.

Paragraph Summary

The Oracle Core Unit (OCU) is responsible for developing and administrating the Oracle Protocol. Oracles are a critical component of securing the Maker Protocol to ensure positions are sufficiently collateralized. The OCU is essential to ensure the Oracles can adapt rapidly to scale the Maker Protocol in a responsible manner. A key focus of the OCU is to monetize the Oracle Protocol and build out a business around it. This enables the DAO to subsidize its own Oracle expenditures, and ultimately turn Oracles from a cost-center into a profit-generating arm of MakerDAO. Real World Assets (RWA) in particular, are a highly promising vertical the business side of the Oracle is targeting.

Please review the linked discussion threads to inform your position on these proposals before voting. They were also mentioned and possibly discussed on the Governance and Risk call on Thursday, June 10.

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 at least 10,000 MKR have voted in favor of this poll, 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, July 1.
• These proposals will be added to the Maker Protocol, with implementation tasked to the relevant Core Unit and Domain Teams.

If the votes for the Yes’ option DO NOT exceed the votes for the ‘No’ option, OR less than 10,000 MKR vote in favor of these proposals, then these proposals will be marked as rejected per MIP51.

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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.