--- title: Template - [Executive Vote] MOMC Proposal, August Core Unit Budgets, Housekeeping - August 6, 2021 summary: Distributing August budgets, a few parameter changes and some technical housekeeping. date: 2021-08-06T00:00:00.000Z address: "0xfe3c12D746A4b1Bc2952BfF2e5EB6c9E91f68E5a" --- # [Executive Proposal] MOMC Proposal, August Core Unit Budgets, Housekeeping - August 6, 2021 The Governance Facilitator(s) and the Protocol Engineering Core Unit have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. If you are new to voting in the Maker Protocol, please see the [voting guide](https://community-development.makerdao.com/en/learn/governance/how-voting-works/) to learn how voting works, and this [wallet setup guide](https://community-development.makerdao.com/en/learn/governance/voting-setup/) to set up your wallet to vote. --- ## Executive Summary If this executive proposal passes, the following **changes** will occur within the Maker Protocol: **Core Unit Budget Distributions - August** DAI will be distributed to the Core Units as specified within their ratified budget proposals. | Core Unit | Distribution | |-|-| | Growth (GRO-001) | 637,900 DAI| | Sustainable Ecosystem Scaling (SES-001) | 702,883 DAI| | Content Production (MKT-001) | 98,067 DAI| | GovAlpha (GOV-001) | 123,333 DAI| | Real World Finance (RWF-001) | 155,000 DAI| | Risk (RISK-001) | 182,000 | | Protocol Engineering (PE-001) | 510,000 DAI| | Oracles (ORA-001) | 419,677 DAI| | Governance Communications (COM-001) | 40,500 DAI| | Governance Communications (COM-001) - Continuity | 121,500 DAI | | **Total** | **2,990,860 DAI** | **Parameter Changes** * The ETH-B [Stability Fee](https://makerdao.world/en/learn/governance/param-stability-fee) will be decreased from 6% to 5%. * The LRC-A [Maximum Debt Ceiling](https://makerdao.world/en/learn/governance/module-dciam) will be decreased from 3 million DAI to 1 million DAI. * The UNIV2ETHUSDT-A [Maximum Debt Ceiling](https://makerdao.world/en/learn/governance/module-dciam) will be decreased from 10 million DAI to zero DAI. * The UNIV2DAIUSDT-A [Maximum Debt Ceiling](https://makerdao.world/en/learn/governance/module-dciam) will be decreased from 10 million DAI to zero DAI. * The UNIV2DAIUSDC-A [Maximum Debt Ceiling](https://makerdao.world/en/learn/governance/module-dciam) will be increased from 50 million DAI to 250 million DAI. **Protocol Engineering Housekeeping** * Adding the VoteDelegateFactory contract to the Maker Protocol changelog. * Fixing the Ilk Registry for RWA vault types. **Voting for this executive proposal will place your MKR in support of the changes and additions outlined above.** Unless otherwise noted, the changes and additions listed above are subject to the [GSM Pause Delay](https://community-development.makerdao.com/en/learn/governance/param-gsm-pause-delay). This means that if this executive proposal passes, the changes and additions listed above will only become active in the Maker Protocol after the GSM Pause Delay has expired. The GSM Pause Delay is currently set to **48 hours**. If this executive proposal does not pass within 30 days, then it will expire and can no longer have any effect on the Maker Protocol. --- ## Proposal Details ### August Core Unit Budget Distributions **637,900 DAI** will be distributed to the **[Growth (GRO-001)](https://mips.makerdao.com/mips/details/MIP39c2SP4)** core unit at **0x7800C137A645c07132886539217ce192b9F0528e** as specified in their active [budget proposal](https://mips.makerdao.com/mips/details/MIP40c3SP19). **702,883 DAI** will be distributed to the **[Sustainable Ecosystem Scaling (SES-001)](https://mips.makerdao.com/mips/details/MIP39c2SP10)** core unit at **0x87AcDD9208f73bFc9207e1f6F0fDE906bcA95cc6** as specified in their active [budget proposal](https://mips.makerdao.com/mips/details/MIP40c3SP10). **98,067 DAI** will be distributed to the **[Content Production (MKT-001)](https://mips.makerdao.com/mips/details/MIP39c2SP5)** core unit at **0xDCAF2C84e1154c8DdD3203880e5db965bfF09B60** as specified in their active [budget proposal](https://mips.makerdao.com/mips/details/MIP40c3SP21). Note that this includes the Content Production continuity budget. **123,333 DAI** will be distributed to the **[GovAlpha (GOV-001)](https://mips.makerdao.com/mips/details/MIP39c2SP3)** core unit at **0x01D26f8c5cC009868A4BF66E268c17B057fF7A73** as specified in their active [budget proposal](https://mips.makerdao.com/mips/details/MIP40c3SP11). **155,000 DAI** will be distributed to the **[Real World Finance (RWF-001)](https://mips.makerdao.com/mips/details/MIP39c2SP1)** core unit at **0x9e1585d9CA64243CE43D42f7dD7333190F66Ca09** as specified in their active [budget proposal](https://mips.makerdao.com/mips/details/MIP40c3SP12). **182,000 DAI** will be distributed to the **[Risk (RISK-001)](https://mips.makerdao.com/mips/details/MIP39c2SP2)** core unit at **0xd98ef20520048a35EdA9A202137847A62120d2d9** as specified in their active [budget proposal](https://mips.makerdao.com/mips/details/MIP40c3SP13). **510,000 DAI** will be distributed to the **[Protocol Engineering (PE-001)](https://mips.makerdao.com/mips/details/MIP39c2SP7)** core unit at **0xe2c16c308b843eD02B09156388Cb240cEd58C01c** as specified in their active [budget proposal](https://mips.makerdao.com/mips/details/MIP40c3SP7). **419,677 DAI** will be distributed to the **[Oracles (ORA-001)](https://mips.makerdao.com/mips/details/MIP39c2SP13)** core unit at **0x2d09B7b95f3F312ba6dDfB77bA6971786c5b50Cf** as specified in their active [budget proposal](https://mips.makerdao.com/mips/details/MIP40c3SP15). **40,500 DAI** will be distributed to the **[Governance Communications (COM-001)](https://mips.makerdao.com/mips/details/MIP39c2SP8)** core unit operational address at **0x1eE3ECa7aEF17D1e74eD7C447CcBA61aC76aDbA9** as specified in their active [budget proposal](https://mips.makerdao.com/mips/details/MIP40c3SP8). **121,500 DAI** will be distributed to the **[Governance Communications (COM-001)](https://mips.makerdao.com/mips/details/MIP39c2SP8)** core unit continuous operation address at **0x99E1696A680c0D9f426Be20400E468089E7FDB0f** as specified in their active [budget proposal](https://mips.makerdao.com/mips/details/MIP40c3SP8). August's Core Unit budget distributions come total **2,990,860 DAI.** ### Maker Open Market Committee Proposal As per the outcome of this [governance poll](https://vote.makerdao.com/polling/QmVG38FK?network=mainnet#poll-detail), the changes proposed as part of the MakerDAO Open Market Committee [Proposal for August](https://forum.makerdao.com/t/parameter-changes-proposal-ppg-omc-001-29-july-2021/9584) will take place if this executive proposal passes. This proposal included the following changes: * The ETH-B [Stability Fee](https://makerdao.world/en/learn/governance/param-stability-fee) will be decreased from 6% to 5%. * The LRC-A [Maximum Debt Ceiling](https://makerdao.world/en/learn/governance/module-dciam) will be decreased from 3 million DAI to 1 million DAI. * The UNIV2ETHUSDT-A [Maximum Debt Ceiling](https://makerdao.world/en/learn/governance/module-dciam) will be decreased from 10 million DAI to zero DAI. * The UNIV2DAIUSDT-A [Maximum Debt Ceiling](https://makerdao.world/en/learn/governance/module-dciam) will be decreased from 10 million DAI to zero DAI. ### Increase the UNIV2DAIUSDC-A [Maximum Debt Ceiling](https://makerdao.world/en/learn/governance/module-dciam) As per the outcome of this [governance poll](https://vote.makerdao.com/polling/QmRAuMND?network=mainnet#poll-detail), the UNIV2DAIUSDC-A [Maximum Debt Ceiling](https://makerdao.world/en/learn/governance/module-dciam) will be increased from 50 million DAI to 250 million DAI if this executive proposal passes. For more details and discussion, please see the prior [signal request](https://forum.makerdao.com/t/signal-request-adjust-univ2daiusdc-a-dc-iam-line/9481). ### Protocol Engineering Housekeeping As part of their ongoing efforts to ensure that the Maker Protocol is kept as organized and bug-free as possible, the Protocol Engineering Core Unit is proposing a couple of minor housekeeping changes that will occur if this executive proposal passes. This includes: * Adding the VoteDelegateFactory contract to the Maker Protocol changelog. * Fixing the Ilk Registry for RWA vault types. More details on these housekeeping changes can be found [here](https://forum.makerdao.com/t/protocol-engineering-housekeeping-tasks-6th-august-2021/9712). ## Review Community debate on these topics can be found on the MakerDAO [Governance forum](https://forum.makerdao.com/). Please review any linked threads to inform your position before voting. Additionally, these changes may have been discussed further in recent Governance calls. [Video](https://www.youtube.com/playlist?list=PLLzkWCj8ywWNq5-90-Id6VPSsrk4OWVan) for these calls is available to review. --- ## Resources Additional information about the Governance process can be found in the [Governance](https://community-development.makerdao.com/en/learn/governance) section of the MakerDAO community portal. To participate in future Governance calls, please [join us](https://github.com/makerdao/community/tree/master/governance/governance-and-risk-meetings) every Thursday at 17:00 UTC. To add current and upcoming votes to your calendar, please see the [MakerDAO Public Events Calendar](https://calendar.google.com/calendar/embed?src=makerdao.com_3efhm2ghipksegl009ktniomdk%40group.calendar.google.com&ctz=UTC&mode=week&showCalendars=0&showPrint=0).