On September 6th, @CoinbaseInsto submitted MIP81: Coinbase Institutional Rewards.
This proposal aims to onboard 33% of the PSM's USDC to @Coinbase Prime and thus allow @MakerDAO to participate in @Coinbase's Institutional Rewards program.
↓
https://forum.makerdao.com/t/m...
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9 月 6 日，@CoinbaseInsto 提交了 MIP81：Coinbase 机构奖励。
该提案旨在将 PSM 的 USDC 的 33% 加入@Coinbase Prime，从而允许@MakerDAO 参与@Coinbase 的机构奖励计划。
↓
https://forum.makerdao.com/t/m.. .
2/

Coinbase Institutional Rewards (MIP81) has been approved by Maker Governance through a Ratification Poll.
🗳 https://vote.makerdao.com/poll...
This outcome enables Core Units to initiate the onboarding of 33% of the PSM's USDC to @Coinbase's Institutional Rewards program.
🧵↓
1/ https://t.co/aOMdGev1QG

Coinbase 机构奖励 (MIP81) 已通过 Maker Governance 通过批准投票获得批准。
🗳 https://vote.makerdao.com/poll...
这一结果使核心单位能够启动 33% 的 PSM 的 USDC 加入 @Coinbase 的机构奖励计划。
🧵↓
1/ https://t.co/aOMdGev1QG

The Signal Request, which is now ready to be implemented on the 23rd of October, aims to facilitate the GUSD 1.25% yield by:
• Unlocking a new exposure to GUSD by setting the Debt Ceiling at 500 million DAI.
• Adding friction to any outflow of GUSD by increasing the Fee Out.

信号请求现已准备好在 10 月 23 日实施，旨在通过以下方式促进 GUSD 1.25% 的收益率：
• 通过将债务上限设置为 5 亿 DAI 来解锁 GUSD 的新风险敞口。
• 通过增加费用输出来增加任何 GUSD 外流的摩擦。

In short, what does that mean?:
• A new Debt Ceiling of 500 million DAI allows the PSM to accumulate a maximum amount of 500 million GUSD.
• A Fee Out of 0.2% means that all DAI→GUSD trades that take GUSD out from the PSM will have a 0.2% fee.

简而言之，这是什么意思？：
• 5 亿 DAI 的新债务上限允许 PSM 累积最多 5 亿 GUSD。
• 0.2% 的费用意味着所有从 PSM 中提取 GUSD 的 DAI→GUSD 交易将收取 0.2% 的费用。

Then, a Signal Request was submitted for the GUSD PSM module to:
• Increase its Debt Ceiling from 60 million to 500 million DAI.
• Increase its Fee Out (fee from DAI→GUSD swaps) from 0% to 0.2%.
• Increase its Gap from 10 to 50 million.
↓
https://forum.makerdao.com/t/s...

然后，为 GUSD PSM 模块提交了一个信号请求，以：
• 将其债务上限从 6000 万增加到 5 亿 DAI。
• 将其费用支出（DAI→GUSD 掉期费用）从 0% 提高到 0.2%。
• 将其差距从 10 增加到 5000 万。
↓
https://forum.makerdao.com/t /s...

In a recent announcement, @Gemini committed to contributing a 1.25% annual rate on the PSM's GUSD to MakerDAO, paid monthly, for the next three months beginning October 1st, 2022, as long as its average monthly balance is above 100 million GUSD.
↓
https://forum.makerdao.com/t/g...

在最近的公告中，@Gemini 承诺在 2022 年 10 月 1 日开始的未来三个月内，每月向 MakerDAO 支付 1.25% 的 PSM GUSD 年利率，只要其平均每月余额超过 1 亿 GUSD。
↓
https://forum.makerdao.com/t/g...< /一>

Maker Governance enacted the execution of a 500 million DAI Debt Ceiling for the GUSD PSM.
🗳 https://vote.makerdao.com/exec...
With this new Debt Ceiling, the PSM can increase its exposure to GUSD and trigger a 1.25% annual rate paid to MakerDAO on any GUSD present in the PSM.
🧵↓ https://t.co/pFOtnnBcxj

Maker Governance 为 GUSD PSM 制定了 5 亿 DAI 债务上限。
🗳 发表时间：1年前 作者：Maker @MakerDAO详情

Worth mentioning:
The current voting status of these polls is not yet final.
The voting results of these polls will be final on October 24th, 16:00 UTC, when the monthly governance cycle ends.
15/

值得一提：
这些民意调查的当前投票状态尚未最终确定。
这些民意调查的投票结果将于 10 月 24 日 16:00 UTC 结束，届时每月治理周期将结束。
15/

• The first proposes to offboard the facilitator of the existing Real-World Finance Core Unit.
• The second proposes changes to the Facilitator Offboarding Process of a Core Unit with the aim of removing potential uncertainty for the DAO regarding this kind of proposal.
14/

• 第一个提议将现有的Real-World Finance Core Unit 的促进者离职。
• 第二个提议对核心单位的协调人离职流程进行更改，目的是消除 DAO 对此类提议的潜在不确定性。
14/

The last two high-impact polls are:
• Facilitator offboarding of Real-World Finance Core Unit
🗳 https://vote.makerdao.com/poll...
• Facilitator offboarding adjustments.
🗳 https://vote.makerdao.com/poll...
13/ https://t.co/ZTZin5bQ4r

最后两个高影响力民意调查是：
• 促进现实世界金融核心部门的离职
🗳 https://vote.makerdao.com/poll...
• 促进者离职调整。
🗳 https://vote.makerdao.com/poll...
13/ https://t.co/ZTZin5bQ4r

The annual interest of this loan is expected to be within the range of 4.5% to 6% and will be paid monthly.
According to the proposal, if MIP82 is implemented, MakerDAO could receive a positive cash flow of 2.1 million USDC per month considering a 5% annual interest rate.
12/

这笔贷款的年利率预计在4.5%至6%之间，按月支付。
根据该提案，如果 MIP82 实施，MakerDAO 每月可以获得 210 万美元的正现金流，考虑到 5% 的年利率。
12/

MIP82: Monetalis-Coinbase Appaloosa is another proposal that includes transactions between MakerDAO and Coinbase.
It aims to enable up to 500 million USDC via the PSM to provide a USDC loan, collateralized by ETH and BTC, to Coinbase.
🗳 https://vote.makerdao.com/poll...
11/ https://t.co/sQZY9GmCjV

MIP82：Monetalis-Coinbase Appaloosa 是另一个提案，其中包括 MakerDAO 和 Coinbase 之间的交易。
它旨在通过 PSM 启用多达 5 亿美元的 USDC，以向 Coinbase 提供以 ETH 和 BTC 为抵押的 USDC 贷款。
🗳 发表时间：1年前 作者：Maker @MakerDAO详情

At the time of writing, 33% of the PSM's USDC equals ~1.1 billion USDC.
Therefore, according to the rewards schedule proposed by MIP81, the implementation of this proposal would represent ~15 million USDC in annual revenues for MakerDAO.
10/

在撰写本文时，PSM 的 USDC 的 33% 等于约 11 亿美元。
因此，根据 MIP81 提出的奖励计划，该提案的实施将为 MakerDAO 带来约 1500 万美元的年收入。
10/

MIP81: Coinbase USDC Institutional Rewards is the next poll of this cycle.
Initially submitted by @CoinbaseInsto, MIP81 proposes to transfer 33% of the PSM's USDC to Coinbase Prime and enable MakerDAO to earn up to 1.5% APY on these assets
🗳 https://vote.makerdao.com/poll...
9/ https://t.co/ygFQ9ml0PP

MIP81：Coinbase USDC 机构奖励是本周期的下一个民意调查。
最初由@CoinbaseInsto 提交，MIP81 提议将 PSM 的 USDC 的 33% 转移到 Coinbase Prime，并使 MakerDAO 在这些资产上赚取高达 1.5% 的 APY
🗳 发表时间：1年前 作者：Maker @MakerDAO详情

As outlined in their respective proposals, the motivation for these polls is restructuring the work and the workforce across the DAO according to the Endgame Plan.
The offboarding of these Core Units would support the transition to MetaDAOs.
8/

正如他们各自的提案中所述，这些民意调查的动机是根据残局计划重组整个 DAO 的工作和劳动力。
这些核心单元的脱离将支持向 MetaDAO 的过渡。
8/

The next 3 polls are proposing to offboard 3 Core Units of MakerDAO:
• Strategic Happiness Core Unit
🗳 https://vote.makerdao.com/poll...
• Events Core Unit
🗳 https://vote.makerdao.com/poll...
• Real-World Finance Core Unit
🗳 https://vote.makerdao.com/poll...
7/ https://t.co/strvfU8sCb

接下来的 3 次民意调查建议将 MakerDAO 的 3 个核心单元移除：
• 战略幸福核心单元
🗳 发表时间：1年前 作者：Maker @MakerDAO详情

Keeping in mind that the result of this poll will be final on Monday, October 24th, we will present a better-defined description of the Endgame Prelaunch MIP Set including what each MIP is and how they will impact MakerDAO.
6/

请记住，这项民意调查的结果将于 10 月 24 日星期一得出最终结果，我们将对 Endgame Prelaunch MIP Set 提供更明确的描述，包括每个 MIP 是什么以及它们将如何影响 MakerDAO。
6/

Ok, the important part:
The Endgame Prelaunch MIP Set is a list of Maker Improvement Proposals (MIPs) whose objective is to establish ground conditions for MakerDAO to enable the creation of further proposals in the direction of the Endgame Plan.
🗳 https://vote.makerdao.com/poll...
5/ https://t.co/ZsS3cHBkoh

好的，重要的部分：
Endgame Prelaunch MIP Set 是 Maker 改进提案 (MIP) 的列表，其目标是为 MakerDAO 建立基础条件，以便能够在 Endgame 计划的方向上创建进一步的提案。
🗳 发表时间：1年前 作者：Maker @MakerDAO详情

This restructuring presents MetaDAOs, smaller DAOs connected to the main MakerDAO.
MetaDAOs are born with self-aware, specialized goals that are aligned with MakerDAO.
MetaDAOs also make their own low-level decisions through a fully functional decentralized governance.
4/

这种重组提出了 MetaDAO，即连接到主要 MakerDAO 的较小的 DAO。
MetaDAO 天生具有与 MakerDAO 一致的自我意识、专业目标。
MetaDAO 还通过功能齐全的去中心化治理做出自己的低级决策。
4/

First, a bit of context.
The Endgame Plan is a MakerDAO restructuring proposal.
Its main goal is to strengthen the decentralization and simplify the core of MakerDAO, while maintaining the appropriate amount of innovation that allows its components to grow and scale.
3/

首先，一点上下文。
Endgame 计划是一个 MakerDAO 重组提案。
其主要目标是加强 MakerDAO 的去中心化和简化核心，同时保持适当的创新量，使其组件能够增长和扩展。
3/