openskyComposable Recap 9
Stability, Security and Deep Work… The last week was dedicated to discussions of the Stability Scope. An unstable stablecoin is like yesterday’s papers. Useless. Risk management is a key element of DAI’s stability and MakerDAO is happy to have BA Labs as advisors here. Another important aspect of stability is managing and monitoring what RWA arrangers are doing. After all just two entities, Monetalis Clydesdale and BlockTower Andromeda manage the majority of MakerDAO’s RWA allocation. While t...
openskyComposable Recap 8
Igniting the future… MakerDAO co-founder Rune Christensen is now hosting weekly calls to further the development of the Governance AI Tools (GAIT). Recently all delegates and facilitators have been tasked to prepare material for the AI system to digest. https://forum.makerdao.com/t/atlas-and-gait-call-tasks-for-next-week/22458 But first, we want to ask our readers to apologise the missing edition of this newsletter. Last week saw us confronted with an endless stream of obligations both privat...
MKR AVC member. Researching all things MakerDAO. Self custody is the future.
openskyComposable Recap 9
Stability, Security and Deep Work… The last week was dedicated to discussions of the Stability Scope. An unstable stablecoin is like yesterday’s papers. Useless. Risk management is a key element of DAI’s stability and MakerDAO is happy to have BA Labs as advisors here. Another important aspect of stability is managing and monitoring what RWA arrangers are doing. After all just two entities, Monetalis Clydesdale and BlockTower Andromeda manage the majority of MakerDAO’s RWA allocation. While t...
openskyComposable Recap 8
Igniting the future… MakerDAO co-founder Rune Christensen is now hosting weekly calls to further the development of the Governance AI Tools (GAIT). Recently all delegates and facilitators have been tasked to prepare material for the AI system to digest. https://forum.makerdao.com/t/atlas-and-gait-call-tasks-for-next-week/22458 But first, we want to ask our readers to apologise the missing edition of this newsletter. Last week saw us confronted with an endless stream of obligations both privat...
MKR AVC member. Researching all things MakerDAO. Self custody is the future.
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The only constant is change…
Composable AVC changed… it became part of something bigger.. and more complete.
Alongside us, opensky, LDF, stefdelev and our most recent AVC member TB stepped down form Composable and joined KISS AVC alongside IAmMeeoh and DAI-Vinci.
We felt that our agendas naturally complement each other, and by combining forces we would create something more powerful and more beautiful.
KISS with their focus on simplicity and their excellence in execution
Composable with their focus on scalability and their unique culture
This recap is therefore more personal and introspective than previous ones. This is not business as usual.
Because we write this publication from our personal point of view, we can take the liberty to alter the format at will. To follow our impulses. We can hope the reader enjoys this freedom, too.
This newsletter will be used to recapitulate on our quarter as an AVC.\
The quarter began with us, opensky, manning the meetings alone. We had lost communications with both other members, LDF and David Phelps.
Phelps was expected, the Discord server had banned him for his last name containing “help”. LDF was unexpected. In some ways, she had been the voice (literally) and the soul of these meetings and had moderated them. We stumbled along and the delegates humoured us. Some progress was made. Penguin Soldier joined the AVC as a delegate. Our second. BLUE AD was the only one left after the anonymity requirements had forced most of ours out of the DAO.
Thankfully LDF resolved to come back in force and from there on we made good progress. With her stefdelev joined and later TimB, a true Maker original.
We now had a true force.
We managed to put our heads together to produce the required output, and it turned out very much to our satisfaction.
You can read up on it on the Maker Forum:
https://forum.makerdao.com/t/composable-avc-q3-aligned-scope-proposals/22186
https://forum.makerdao.com/t/composable-avc-q3-aligned-governance-strategy/22185
If you want a more chronological approach, you can read our discussion on a meeting by meeting basis here:
https://forum.makerdao.com/t/composable-avc-q3-23-discussion/21383
So why did we decide to merge? Did we betray our ideals?
In a nutshell, we felt the full effect of the African proverb:
“Alone you can go fast, together you can go far”
We felt we could profit from KISS’s process and deep technical expertise. And we also felt that our culture and focus on reusability would take these qualities and amplify them.
After some deliberation and a emoji poll we decided to merge. Thankfully IAmMeeoh and DAI-Vinci welcomed us with open arms.
One door closes, another opens.
On to new horizons.
DAI Supply update
DAI supply was trending slightly downwards this week. It is unclear whether this is because Coinbase now also offers 5% on USDC or if there are other reasons. But stablecoin collateral has reached a new low. Clydesdale and Andromeda deliver.
Poll update
Four new polls entered the voting cycle this week. We would like to point out two of them:
https://vote.makerdao.com/polling/QmUqRvBm
https://vote.makerdao.com/polling/QmX95EAi
Spark is further coming into it’s own, and onboarding these two stablecoins in eMode will simply strengthen this trend. Please visit the portal and vote, if you have MKR.
It’s only governance if you govern, we heard.
The only constant is change…
Composable AVC changed… it became part of something bigger.. and more complete.
Alongside us, opensky, LDF, stefdelev and our most recent AVC member TB stepped down form Composable and joined KISS AVC alongside IAmMeeoh and DAI-Vinci.
We felt that our agendas naturally complement each other, and by combining forces we would create something more powerful and more beautiful.
KISS with their focus on simplicity and their excellence in execution
Composable with their focus on scalability and their unique culture
This recap is therefore more personal and introspective than previous ones. This is not business as usual.
Because we write this publication from our personal point of view, we can take the liberty to alter the format at will. To follow our impulses. We can hope the reader enjoys this freedom, too.
This newsletter will be used to recapitulate on our quarter as an AVC.\
The quarter began with us, opensky, manning the meetings alone. We had lost communications with both other members, LDF and David Phelps.
Phelps was expected, the Discord server had banned him for his last name containing “help”. LDF was unexpected. In some ways, she had been the voice (literally) and the soul of these meetings and had moderated them. We stumbled along and the delegates humoured us. Some progress was made. Penguin Soldier joined the AVC as a delegate. Our second. BLUE AD was the only one left after the anonymity requirements had forced most of ours out of the DAO.
Thankfully LDF resolved to come back in force and from there on we made good progress. With her stefdelev joined and later TimB, a true Maker original.
We now had a true force.
We managed to put our heads together to produce the required output, and it turned out very much to our satisfaction.
You can read up on it on the Maker Forum:
https://forum.makerdao.com/t/composable-avc-q3-aligned-scope-proposals/22186
https://forum.makerdao.com/t/composable-avc-q3-aligned-governance-strategy/22185
If you want a more chronological approach, you can read our discussion on a meeting by meeting basis here:
https://forum.makerdao.com/t/composable-avc-q3-23-discussion/21383
So why did we decide to merge? Did we betray our ideals?
In a nutshell, we felt the full effect of the African proverb:
“Alone you can go fast, together you can go far”
We felt we could profit from KISS’s process and deep technical expertise. And we also felt that our culture and focus on reusability would take these qualities and amplify them.
After some deliberation and a emoji poll we decided to merge. Thankfully IAmMeeoh and DAI-Vinci welcomed us with open arms.
One door closes, another opens.
On to new horizons.
DAI Supply update
DAI supply was trending slightly downwards this week. It is unclear whether this is because Coinbase now also offers 5% on USDC or if there are other reasons. But stablecoin collateral has reached a new low. Clydesdale and Andromeda deliver.
Poll update
Four new polls entered the voting cycle this week. We would like to point out two of them:
https://vote.makerdao.com/polling/QmUqRvBm
https://vote.makerdao.com/polling/QmX95EAi
Spark is further coming into it’s own, and onboarding these two stablecoins in eMode will simply strengthen this trend. Please visit the portal and vote, if you have MKR.
It’s only governance if you govern, we heard.
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