Ratification Poll for Adding Lending Oversight Core Unit (LOVE-001) - June 13, 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, June 13 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 the Lending Oversight Core Unit (LOVE-001) being accepted and implemented in the Maker Protocol.

MIP39c2-SP33: Adding Lending Oversight Core Unit (LOVE-001)

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

LOVE-001 intends to support the DAO in its evolution towards becoming the central pillar of DeFi by facilitating the sustainable onboarding of tens (or hundreds) of billions of more complex use cases. LOVE-001 will do this by developing state-of-the-art frameworks for internal checks and balances, acting as an additional line of defense within the DAO, and helping to educate the community.

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

• Canonical Proposal Version
• Latest Proposal Version
• Proposal Discussion Thread

MIP40c3-SP71:Lending Oversight Core Unit DAI Budget

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

LOVE-001 intends to support the DAO in its evolution, by facilitating the sustainable onboarding of tens (or hundreds) of billions of more complex use cases. LOVE-001 will do this by developing state-of-the-art frameworks for internal checks and balances, acting as an additional line of defense within the DAO, and helping to educate the community.

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

• Canonical Proposal Version
• Latest Proposal Version
• Proposal Discussion Thread

MIP40c3-SP72: Lending Oversight Core Unit MKR Budget

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

The Lending Oversight Core Unit supports the Sustainable Ecosystem Scaling Core Unit (SES-001) MKR Budget structure discussed here. This is a 3-year vesting plan with 1-year cliff vest. Overall, this proposal would commit a maximum of 1,292.28 MKR to LOVE-001 contributors, covering MKR compensation for the Core Unit from its inception. This is approximately 63.47 MKR/ FTE/ year.

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

• Canonical Proposal Version
• Latest Proposal Version
• Proposal Discussion Thread

MIP41c4-SP36: Facilitator Onboarding Lending Oversight Core Unit

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

I, @luca_pro, have been an active member of MakerDAO’s community for a while, helping defining Maker’s role along the crypto lending stack (also through the publication of the Real-World Sandbox Report) as well as collaborating with several Core Units. I have an extensive 15+ years experience at the highest level of banking and fintech, and am a DeFi researcher through my Substack publication Dirt Roads. I am a firm believer of MakerDAO’s centrality within the DeFi ecosystem and intend to do everything I can to support this vision and the evolution of the DAO as Facilitator of LOVE-001.

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

• Canonical Proposal Version
• Latest Proposal Version
• Proposal Discussion Thread

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, June 30.
• 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.

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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.

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