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Add obsolete status
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Missing MIPS: 115, 120, 121.
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Gala-G committed Mar 28, 2023
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5 changes: 3 additions & 2 deletions MIP115/MIP115.md
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Expand Up @@ -8,13 +8,14 @@ Author(s): @aburban90
Contributors:
Tags:
Type: General
Status: RFC
Status: Obsolete
Date Proposed: 2023-02-08
Date Ratified:
Date Ratified: N/A
Dependencies:
Replaces:
Forum URL: https://forum.makerdao.com/t/mip115-use-gdai-for-yield-appetite/19744
Ratification Poll URL:
Extra: This MIP has been made obsolete by the passage of [MIP102c2-SP1](https://mips.makerdao.com/mips/details/MIP102c2SP1)
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## References

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13 changes: 7 additions & 6 deletions MIP120/MIP120.md
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Expand Up @@ -8,13 +8,14 @@ Author(s): @XBTO
Contributors: @mdanial, @Behzad.Taufiq
Tags: psm, stablecoin, xbto
Type: process
Status: RFC
Status: Obsolete
Date Proposed: 2023-03-05
Date Ratified: yyyy-mm-dd
Date Ratified: N/A
Dependencies:
Replaces:
Forum URL: https://forum.makerdao.com/t/mip120-xbto-peg-stability-module-psm-stablecoin-management/20062
Ratification Poll URL:
Extra: This MIP has been made obsolete by the passage of [MIP102c2-SP1](https://mips.makerdao.com/mips/details/MIP102c2SP1)
```

## Sentence Summary
Expand All @@ -25,7 +26,7 @@ MIP120 will (i) onboard and activate a DAI Real World Asset (RWA) vault to acqui

Under MIP120, up to 500MM of the PSM’s USDC will be managed by one of the entities wholly owned by XBTO Global (“XBTO”), which will invest, on behalf of MakerDAO, the funds in various traditional fixed-income assets according to the ratified Declaration of Intent [MIP13c3-SP12: Invest in Short-Term Bonds](https://mips.makerdao.com/mips/details/MIP13c3SP12). All investments will be obtained on the open market through impartial, competitive processes conducted by investment banks and/or broker-dealers.

At the end of every quarter, the DAI 500MM RWA vault will remit collected interest coupon proceeds to MakerDAO to provide current cash flow to bolster the Surplus Buffer. Principal proceeds generated from the portfolio’s positions will be reinvested until Maker governance has passed an executive vote to trigger a liquidation of the portfolio. The portfolio will have an average duration of 1.5 years with a max maturity or WAL (weighted average life) of 3.5 years, managed in a laddered approach allowing for active rebalancing and duration management. The portfolio will also be relative value focused across US Treasuries, Corporate and Structured Credit securities, and ESG/Green Bonds seeking to maximize risk-adjusted total returns while remaining confined to prudent risk of issuer and sector constraints.
At the end of every quarter, the DAI 500MM RWA vault will remit collected interest coupon proceeds to MakerDAO to provide current cash flow to bolster the Surplus Buffer. Principal proceeds generated from the portfolio’s positions will be reinvested until Maker governance has passed an executive vote to trigger a liquidation of the portfolio. The portfolio will have an average duration of 1.5 years with a max maturity or WAL (weighted average life) of 3.5 years, managed in a laddered approach allowing for active rebalancing and duration management. The portfolio will also be relative value focused across US Treasuries, Corporate and Structured Credit securities, and ESG/Green Bonds seeking to maximize risk-adjusted total returns while remaining confined to prudent risk of issuer and sector constraints.

## Motivation

Expand Down Expand Up @@ -228,14 +229,14 @@ The information should not be construed as legal, tax, financial, or other advic

This presentation is not an offer to sell or the solicitation of an offer to purchase any securities. This presentation is not to be relied upon in any way by any person in evaluating an investment decision.

**NO RELIANCE ON PAST PERFORMANCE**
**NO RELIANCE ON PAST PERFORMANCE**

XBTO recommends that the prospective investor consult an independent professional advisor in assessing the merits and risks of investing in our products.

**XBTO’S OBJECTIVES AND STRATEGY**
**XBTO’S OBJECTIVES AND STRATEGY**

No representations or warranties of any kind are intended or should be inferred with respect to the economic returns or tax consequences of an investment.

**FORWARD-LOOKING STATEMENTS**
**FORWARD-LOOKING STATEMENTS**

No representation or warranty, express or implied, is made by the Firm, in respect of the products and services, or as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied upon as, a promise or representation as to the future performance of XBTO.
8 changes: 5 additions & 3 deletions MIP121/MIP121.md
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Expand Up @@ -9,11 +9,13 @@ Author(s): @prose11
Contributors:
Tags: GSM, Governance, Pause Delay, Timing, Protocol
Type: Governance
Status: Request for Comments (RFC)
Status: Obsolete
Date Proposed: 2023-03-07
Date Ratified: TBD
Date Ratified: N/A
Dependencies: None
Replaces: None
Forum URL: https://forum.makerdao.com/t/mip121-increase-gsm-pause-delay-from-48-hours-to-72-hours/20073
Extra: This MIP has been made obsolete by the passage of [MIP102c2-SP1](https://mips.makerdao.com/mips/details/MIP102c2SP1)
```

## References
Expand All @@ -35,7 +37,7 @@ This component describes how the Pause Delay will be manualy updated from 48 hou

## Motivation

This proposal intends to improve the security of the Maker Protocol by providing more time for non-malicious MKR holders and users of the protocol to become aware of and react to a governance attack.
This proposal intends to improve the security of the Maker Protocol by providing more time for non-malicious MKR holders and users of the protocol to become aware of and react to a governance attack.

The longer GSM Pause Delay will give MKR holders and protocol users more time to become aware of and react to governance attacks, but it will also enforce a slower reaction time on Maker Governance as a whole. It will also give a minority of MKR holders more time to cancel a malicious change or gracefully shut down the Maker Protocol using the Emergency Shutdown Module.

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