This category is used for technical discussion about Centrifuge Chain and the Altair network, including running a Collator

Engineering

This category is used for updates, announcements and latest news about Centrifuge

Announcements

This category is used for broader discussions around Real World Assets (Decentralized underwriting, financial markets, tokenized assets) and financing, including introductions, POPs plus announcements and updates from Pools

Real World Assets

This category is used for discussion around investing in Tinlake pools, the RWAmarket and Maker as well to inform about product updates

Product

The community category is a space to ask and discuss anything about Centrifuge and Altair. Anyone can answer questions and add to the discussion

Community

This category is used for governance-related discussions, to post ‘request for comments’ and governance proposals.

Centrifuge Governance

This category is used for the governance process, discussion around Altair, to post ‘request for comments’ and proposals.

Altair Governance

<p>Greetings Centrifuge DAO!</p>
<p>Another quarter has passed and despite summer and holidays, there were plenty of tasks for the GCG to look after.</p>
<p>We assisted the DAO in our transition to OpenGov on Altair where we currently are testing out the tracks and parameters and made sure that our governance process is followed every time a proposal is made.</p>
<p>In addition to overseeing our governance process, we also constantly try to encourage all our Active Contributors to keep participating in our governance by commenting and voting on proposals. We do this by educating them about how our governance works by doing both individual and group sessions - being transparent about our governance by announcing all ongoing votes across our communication channels is crucial in this process.</p>
<p>We believe that there is experience to be gained by looking outside our own DAO and getting actively involved in governance in other DAOs, which is why we started engaging in discussions/votes and joining other projects’ governance calls.</p>
<p>If you want to read our previous status reports, you can do that <a href="https://gov.centrifuge.io/tag/gcg">here</a>.</p>
<hr>
<h2><a name="p-18754-raising_hand_man-proposals-made-by-gcg-1" class="anchor" href="#p-18754-raising_hand_man-proposals-made-by-gcg-1"></a><img src="https://emoji.discourse-cdn.com/twitter/raising_hand_man.png?v=12" title=":raising_hand_man:" class="emoji" alt=":raising_hand_man:" loading="lazy" width="20" height="20"> Proposals made by GCG</h2>
<ul>
<li><a href="https://gov.centrifuge.io/t/cp126-recovery-of-lost-tokens-in-bridge-transaction/6527">CP126: Recovery of lost tokens in bridge transaction</a> (passed)</li>
</ul>
<h2><a name="p-18754-handshake-proposals-facilitatedassisted-by-gcg-2" class="anchor" href="#p-18754-handshake-proposals-facilitatedassisted-by-gcg-2"></a><img src="https://emoji.discourse-cdn.com/twitter/handshake.png?v=12" title=":handshake:" class="emoji" alt=":handshake:" loading="lazy" width="20" height="20"> Proposals Facilitated/Assisted by GCG</h2>
<ul>
<li><a href="https://gov.centrifuge.io/t/cp119-runtime-upgrade-1300/6483">CP119: Runtime Upgrade 1300</a> (passed)</li>
<li><a href="https://gov.centrifuge.io/t/cp117-give-a-mandate-to-form-the-treasury-advisory-group/6464">CP117: Give a mandate to form the Treasury Advisory Group</a> (passed)</li>
<li><a href="https://gov.centrifuge.io/t/cp120-fix-incorrect-protocol-fees-for-anemoy-defi-yield-fund-1/6500">CP120: Fix incorrect Protocol Fees for Anemoy DeFi Yield Fund 1</a> (rejected)</li>
<li><a href="https://gov.centrifuge.io/t/cp123-runtime-upgrade-1400/6520">CP123: Runtime Upgrade 1400</a> (passed)</li>
<li><a href="https://gov.centrifuge.io/t/cp128-amendments-to-cp2-component/6549">CP128: Amendments to CP2 component</a> (passed)</li>
<li><a href="https://gov.centrifuge.io/t/cp130-goals-and-themes-for-resource-allocation-for-the-centrifuge-treasury/6564">CP130: Goals and Themes for Resource Allocation for the Centrifuge Treasury</a> (passed)</li>
</ul>
<hr>
<h2><a name="p-18754-phone-hosting-monthly-governance-call-3" class="anchor" href="#p-18754-phone-hosting-monthly-governance-call-3"></a><img src="https://emoji.discourse-cdn.com/twitter/phone.png?v=12" title=":phone:" class="emoji" alt=":phone:" loading="lazy" width="20" height="20"> Hosting Monthly Governance Call</h2>
<p>Governance Calls hosted and moderated by the GCG in Q3 2024:</p>
<ul>
<li><a href="https://gov.centrifuge.io/t/centrifuge-governance-call-29-2024-07-17/6497">Governance Call #29</a></li>
<li><a href="https://gov.centrifuge.io/t/centrifuge-governance-call-30-2024-09-18/6562">Governance Call #30</a></li>
</ul>
<hr>
<h2><a name="p-18754-white_check_mark-other-deliverables-4" class="anchor" href="#p-18754-white_check_mark-other-deliverables-4"></a><img src="https://emoji.discourse-cdn.com/twitter/white_check_mark.png?v=12" title=":white_check_mark:" class="emoji" alt=":white_check_mark:" loading="lazy" width="20" height="20"> Other Deliverables</h2>
<h4><a name="p-18754-managing-partnership-tickets-on-discord-5" class="anchor" href="#p-18754-managing-partnership-tickets-on-discord-5"></a>Managing Partnership Tickets on Discord</h4>
<ul>
<li>We screen all partnership tickets we get on Discord and follow up with a call with those proposals that could be interesting for our DAO to explore or facilitate the contact to the relevant person in the DAO.</li>
</ul>
<h4><a name="p-18754-fixing-incorrect-information-about-the-cfg-tokentvl-6" class="anchor" href="#p-18754-fixing-incorrect-information-about-the-cfg-tokentvl-6"></a>Fixing incorrect information about the CFG token/TVL</h4>
<ul>
<li>Whenever we find incorrect information displayed on various websites, we contact the relevant projects and help them with providing the correct data. Coingecko, CoinMarketCap, Coinbase, Forbes are just a few examples of companies we have reached out to in order to correct the errors.</li>
</ul>
<h4><a name="p-18754-testing-and-providing-feedback-on-the-centrifuge-app-7" class="anchor" href="#p-18754-testing-and-providing-feedback-on-the-centrifuge-app-7"></a>Testing and Providing Feedback on the Centrifuge App</h4>
<ul>
<li><a class="mention" href="/u/imdior">@ImdioR</a> is spending time testing the <a href="https://app.centrifuge.io/pools">Centrifuge App</a> and suggesting feedback to improve the user experience and reporting bugs to the devs.</li>
</ul>
<h4><a name="p-18754-maintaining-the-proposal-repository-on-github-8" class="anchor" href="#p-18754-maintaining-the-proposal-repository-on-github-8"></a>Maintaining the Proposal Repository on GitHub</h4>
<ul>
<li>Every proposal in our DAO is submitted to GitHub and logged. Whenever a proposal is submitted and ended in our DAO, we update the information there.</li>
</ul>
<h4><a name="p-18754-assisting-with-dao-slack-9" class="anchor" href="#p-18754-assisting-with-dao-slack-9"></a>Assisting With DAO Slack</h4>
<ul>
<li>Regular updates about ongoing governance events for Active Contributors and also helping with onboarding and inviting new members to Centrifuge DAO Slack.</li>
</ul>
<h4><a name="p-18754-moderating-our-communication-channels-10" class="anchor" href="#p-18754-moderating-our-communication-channels-10"></a>Moderating Our Communication Channels</h4>
<ul>
<li>We are constantly present and keep an eye on all our channels to both assist the community with their issues/questions and make sure that it is a safe and pleasant environment for everyone to be in, and moderate if needed. We have taken some security precautions on Discord to mitigate the risks of scammer attacks (disabling link posting and DMs) which has had a very positive effect so far. Unused bots have also been removed.</li>
</ul>
<h2><a name="p-18754-face_with_monocle-main-focus-areas-q4-2024-11" class="anchor" href="#p-18754-face_with_monocle-main-focus-areas-q4-2024-11"></a><img src="https://emoji.discourse-cdn.com/twitter/face_with_monocle.png?v=12" title=":face_with_monocle:" class="emoji" alt=":face_with_monocle:" loading="lazy" width="20" height="20"> Main Focus Areas Q4 2024</h2>
<p>In addition to the governance related tasks, GCG will have these focus areas going into the next quarter.</p>
<h4><a name="p-18754-expanding-our-dao-by-attracting-more-active-contributors-12" class="anchor" href="#p-18754-expanding-our-dao-by-attracting-more-active-contributors-12"></a>Expanding our DAO by attracting more Active Contributors</h4>
<p>This is going to be one of our main focus areas and we will achieve this by attending events across the world where we most likely are going to find both experts and people who are passionate about what Centrifuge is doing. Also, being involved in other DAOs will increase the chances of finding some good candidates.</p>
<h4><a name="p-18754-planning-and-hosting-active-contributors-call-13" class="anchor" href="#p-18754-planning-and-hosting-active-contributors-call-13"></a>Planning and hosting Active Contributors call</h4>
<p>GCG will continue hosting our quarterly call for Active Contributors to the Centrifuge DAO. In these calls, alpha is usually shared from the different areas of our DAO (marketing, development, business development etc.).</p>
<hr>
<p>We are proud to be part of shaping our governance, DAO, protocol and tools going forward and are excited about what Q4 has to offer!</p>
<p>All the best,</p>
<p>GCG (<a class="mention" href="/u/imdior">@ImdioR</a> and <a class="mention" href="/u/rhano">@Rhano</a>)</p>

Orhan

GCG Status Q3 2024

Governance Facilitator / Active Contributor

<p>Hi, thank you to TAG for starting this discussion, clearly explained and presented.</p>
<p>From my point of view, this proposal is very well aligned with the following two previous agreements:</p>
<p>• <a href="https://gov.centrifuge.io/t/cp130-goals-and-themes-for-resource-allocation-for-the-centrifuge-treasury/6564" class="inline-onebox">CP130: Goals and Themes for Resource Allocation for the Centrifuge Treasury</a><br>
• <a href="https://gov.centrifuge.io/t/cp107-updated-treasury-spending-agreement/6290" class="inline-onebox">CP107: Updated Treasury Spending Agreement</a></p>
<p>Some questions that come to mind:</p>
<aside class="quote no-group" data-username="0xjulcaesar" data-post="1" data-topic="6597">
<div class="title">
<div class="quote-controls"></div>
<img loading="lazy" alt="" width="24" height="24" src="https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/0xjulcaesar/48/3100_2.png" class="avatar"> 0xjulcaesar:</div>
<blockquote>
<p>Limited Success Stories: While many DAOs have executed token swaps, truly successful and impactful swaps are relatively rare.</p>
</blockquote>
</aside>
<ul>
<li>
<p>Do you know if there is any correlation we could follow between projects that have managed to succeed with this strategy?</p>
</li>
<li>
<p>Do you think that the high token inflation rate of some protocols could impact on the benefits that Centrifuge would have with this swaps strategy?</p>
</li>
</ul>
<p>My comments regarding your questions:</p>
<aside class="quote no-group" data-username="0xjulcaesar" data-post="1" data-topic="6597">
<div class="title">
<div class="quote-controls"></div>
<img loading="lazy" alt="" width="24" height="24" src="https://dub1.discourse-cdn.com/flex013/user_avatar/gov.centrifuge.io/0xjulcaesar/48/3100_2.png" class="avatar"> 0xjulcaesar:</div>
<blockquote>
<h4>QUESTIONS:</h4>
<p>1- How will the token be stored?<br>
2- Who will have the control of them?</p>
</blockquote>
</aside>
<p>1- Agree with using a multisig.<br>
2- In general, I agree with the criteria you propose for the Governance Delegation Program.</p>
<p>Finally, a maximum 2% Treasury allocation over a 12-month period as you propose seems prudent to me, I am all for implementing a no-sale clause during the first year and implementing a vesting period, in my opinion all this combined increases the probability of success.</p>
<p>Thanks again for presenting this discussion.</p>

Luis

CP132: Strategic Token Swaps Initiative for Centrifuge DAO

Ambassador / Active Contributor

<p>I think you misunderstood my previous comment. Please re-read it again. I didn’t talk about my posts at all. I asked <a class="mention" href="/u/hepp">@hepp</a> why his post suddenly disappeared (hence I asked why he deleted it and that’s why I replied directly to him and reacted to his post - and later added another reaction). It really was removed for a while but re-appeared again later.</p>

rogerio

1754 Factory: Proposed Legal Review and Report to Centrifuge Community

<p>What a really good initiative.  If you need any assistance at all, please do reach out to me.</p>

Michael Sonenshine

CP130: Goals and Themes for Resource Allocation for the Centrifuge Treasury

<p>I am most definitely interested in joining the credit group.  I have 20+ years experience in credit, mainly in High Yield, but also in EM and private instruments.  Having been through 3 economic cycles, going back to 1996, and having done due diligence on prospective issuers, I can add value here.  Who should I contact?</p>

CCG - Compensation Proposal &amp; New Membership

CCG - Compensation Proposal & New Membership

<p>If you want to reach out to a broader community I recommend to share it on social media. Twitter (X), Reddit are the usual platforms</p>

Christian

2024-September Centrifuge DAO: Monthly Summary

Active Contributor

<p><a href="https://centrifuge.subsquare.io/democracy/referenda/65">Referendum 65</a> for <code>CP131: Recovery of lost tokens in bridge transaction 2</code> has passed and the funds have already been minted and transferred to the affected wallet.</p>
<p>You can see the transaction <a href="https://centrifuge.subscan.io/extrinsic/6530924-0">here</a>.</p>
<p>Thank you for voting everyone.</p>
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CP131: Recovery of lost tokens in bridge transaction 2

<p>The OpenSquare snapshot vote for <code>CP128: Amendments to CP2 component</code> has passed unanimously.</p>
<aside class="onebox allowlistedgeneric" data-onebox-src="https://voting.opensquare.io/space/centrifuge/proposal/QmUHGqf5oQeyFHiGbN8mcdpsTMCG4fVTJp6VHbqMyVSf6v">
  <header class="source">

      <a href="https://voting.opensquare.io/space/centrifuge/proposal/QmUHGqf5oQeyFHiGbN8mcdpsTMCG4fVTJp6VHbqMyVSf6v" target="_blank" rel="noopener">voting.opensquare.io</a>
  </header>

  <article class="onebox-body">
    <div class="aspect-image" style="--aspect-ratio:690/360;"><img src="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/optimized/2X/2/202aaa1af0b0c63bb1953c5140adf478eae5ecb5_2_690x361.jpeg" class="thumbnail" data-dominant-color="F1F1F1" width="690" height="361"></div>

<h3><a href="https://voting.opensquare.io/space/centrifuge/proposal/QmUHGqf5oQeyFHiGbN8mcdpsTMCG4fVTJp6VHbqMyVSf6v" target="_blank" rel="noopener">CP128: Amendments to CP2 component</a></h3>

  <p>This snapshot vote, if passed, will approve CP128 and make amendments to our funding process for treasury proposals (CP2).

Implications:
* Introduce a milestone based funding proc...</p>


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<p><div class="lightbox-wrapper"><a class="lightbox" href="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/e/ede5dfcd4ea38ce1357adca508ca487f53c06004.png" data-download-href="/uploads/short-url/xWxF9tt0biqc3XOyQY7en5OYcmw.png?dl=1" title="image"><img src="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/e/ede5dfcd4ea38ce1357adca508ca487f53c06004.png" alt="image" data-base62-sha1="xWxF9tt0biqc3XOyQY7en5OYcmw" width="272" height="431"><div class="meta"><svg class="fa d-icon d-icon-far-image svg-icon" aria-hidden="true"><use href="#far-image"></use></svg><span class="filename">image</span><span class="informations">272×431 12.2 KB</span><svg class="fa d-icon d-icon-discourse-expand svg-icon" aria-hidden="true"><use href="#discourse-expand"></use></svg></div></a></div></p>

CP128: Amendments to CP2 component

<p>Good day <a class="mention" href="/u/puke6516">@puke6516</a><br>
please follow the instructions in tutorial here: <a href="https://gov.centrifuge.io/t/ledger-support-is-back-for-cfg/6524" class="inline-onebox">Ledger Support is Back for CFG</a></p>

1010: invalid transaction: transaction has a bad signature

<p>The Governance &amp; Coordination Group will provide a monthly update about all ended and on-going proposals - both in our own and in the broader crypto ecosystem - so the DAO can stay updated.</p>
<hr>
<p><img src="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/d/de1eec5f6eaee06d1ab92f5cbe3ffd5ad35c5ae4.png" alt="image" data-base62-sha1="vGYfAgNcjxnwPZVndVF3mDLePHe" width="213" height="86"></p>
<h2><a name="p-18690-ended-proposals-1st-september-30th-september-1" class="anchor" href="#p-18690-ended-proposals-1st-september-30th-september-1"></a>Ended proposals (1st September - 30th September)</h2>
<div class="md-table">
<table>
<thead>
<tr>
<th>CP#</th>
<th>Proposal</th>
<th>Status</th>
<th>Ended</th>
</tr>
</thead>
<tbody>
<tr>
<td>126</td>
<td><a href="https://gov.centrifuge.io/t/cp126-recovery-of-lost-tokens-in-bridge-transaction/6527">Recovery of lost tokens in bridge transaction</a></td>
<td>passed</td>
<td>2/9/2024</td>
</tr>
</tbody>
</table>
</div><h2><a name="p-18690-on-going-proposals-2" class="anchor" href="#p-18690-on-going-proposals-2"></a>On-going proposals</h2>
<div class="md-table">
<table>
<thead>
<tr>
<th>CP#</th>
<th>Proposal</th>
<th>Status</th>
<th>Ending</th>
</tr>
</thead>
<tbody>
<tr>
<td>127</td>
<td><a href="https://gov.centrifuge.io/t/cp127-open-11-xcm-channels-and-register-parachain-tokens/6544/1">Open 11 XCM channels and register parachain tokens</a></td>
<td>rfc</td>
<td>N/A</td>
</tr>
<tr>
<td>128</td>
<td><a href="https://gov.centrifuge.io/t/cp128-amendments-to-cp2-component/6549">Amendments to CP2 component</a></td>
<td>rfc</td>
<td>N/A</td>
</tr>
<tr>
<td>130</td>
<td><a href="https://gov.centrifuge.io/t/cp130-goals-and-themes-for-resource-allocation-for-the-centrifuge-treasury/6564">Goals and Themes for Resource Allocation for the Centrifuge Treasury</a></td>
<td>rfc</td>
<td>N/A</td>
</tr>
<tr>
<td>XXX</td>
<td><a href="https://gov.centrifuge.io/t/cpxxx-pop-markitlend-us-consumer-credit/6565">(POP) MarkitLend US Consumer Credit</a></td>
<td>rfc</td>
<td>N/A</td>
</tr>
</tbody>
</table>
</div><details>
 <summary>CP127: Open 11 XCM channels and register parachain tokens</summary>
<p>Short summary:</p>
<ul>
<li>Open XCM channels with the following 11 parachains and register their parachain tokens on Centrifuge: Interlay, Bifrost, Acala, Zeitgeist, Astar, Phala, Polkadex, KILT, Neuroweb, Pendulum, Mythos</li>
</ul>
<p>Implications:</p>
<ul>
<li>Enable trading of CFG on DEXs across Polkadot: Acala, Astar, Polkadex</li>
<li>Stablecoins from Stellar to be used in Centrifuge RWA markets via Pendulum</li>
<li>Interlay could open a CFG money market (requires runtime changes to support 18 decimals)</li>
<li>Use Kilt decentralized IDs for KYC on Centrifuge?</li>
</ul>
</details>
<details>
 <summary>CP128: Amendments to CP2 component</summary>
<p>Short summary:</p>
<ul>
<li>Making amendments to the CP2 component (used for funding requests)</li>
</ul>
<p>Implications:</p>
<ul>
<li>Introduce a milestone based funding process</li>
<li>Making minor changes to the template used for funding requests</li>
</ul>
</details>
<details>
 <summary>CP130: Goals and Themes for Resource Allocation for the Centrifuge Treasury</summary>
<p>Short summary:</p>
<ul>
<li>This proposal is an agreement that the goal of resource allocation from the Centrifuge Treasury should always support the mission of Centrifuge and to this end, resources should be allocated to the proposals that can make the case for the highest return and highest impact for Centrifuge according to clear goals and themes.</li>
</ul>
<p>Implications:</p>
<ul>
<li>All proposals should connect to the wider Centrifuge goals, and specify which goals your proposal meets and how.</li>
<li>Proposals must specialize in one or more of the Themes and list which Theme(s) are applicable.</li>
</ul>
</details>
<details>
 <summary>CPXXX: (POP) MarkitLend US Consumer Credit</summary>
<p>Short summary:</p>
<ul>
<li>Pool onboarding proposal to launch a new pool on Centrifuge to allow investors to invest in MarkitLend US Consumer Credit Fund, LP.</li>
</ul>
</details>
<p>You can find a list of all ended CPs (both passed and rejected) to date in the <a href="https://github.com/centrifuge/cps">Centrifuge Proposal Repository</a> on GitHub.</p>
<h2><a name="p-18690-on-going-governance-discussions-3" class="anchor" href="#p-18690-on-going-governance-discussions-3"></a>On-going governance discussions</h2>
<p>These discussions are for sharing ideas and receiving feedback to help sharpen any forthcoming proposals.</p>
<ul>
<li><a href="https://gov.centrifuge.io/t/discussion-levels-of-engagement-of-the-centrifuge-dao/5875">Levels of Engagement of the Centrifuge DAO</a></li>
</ul>
<hr>
<p><img src="https://europe1.discourse-cdn.com/flex013/uploads/centrifuge1/original/2X/6/6fc3823afa994ddb87fcf7ba6f7f1c1c4f3dbaf8.png" alt="image" data-base62-sha1="fWHSemyxtkTFBvAHfIbYepVEVe0" width="213" height="86"></p>
<h2><a name="p-18690-proposals-made-in-other-daos-4" class="anchor" href="#p-18690-proposals-made-in-other-daos-4"></a>Proposals made in other DAOs</h2>
<p>These are proposals made by Centrifuge Active Contributors in other DAOs.</p>
<h2><a name="p-18690-ended-proposals-1st-september-30th-september-5" class="anchor" href="#p-18690-ended-proposals-1st-september-30th-september-5"></a>Ended proposals (1st September - 30th September)</h2>
<div class="md-table">
<table>
<thead>
<tr>
<th>Proposal</th>
<th>Where</th>
<th>Status</th>
<th>Ended</th>
</tr>
</thead>
<tbody>
<tr>
<td><a href="https://polkadot.subsquare.io/referenda/1059">Inclusion of Centrifuge in Marketing Narratives</a></td>
<td>Polkadot DAO</td>
<td>passed</td>
<td>5/9/2024</td>
</tr>
<tr>
<td><a href="https://polkadot.polkassembly.io/referenda/1122">Proposal for the Polkadot Community to Earn RWA Yield on Idle Stablecoins via Centrifuge</a></td>
<td>Polkadot DAO</td>
<td>passed</td>
<td>28/9/2024</td>
</tr>
</tbody>
</table>
</div><details>
 <summary>Inclusion of Centrifuge in Marketing Narratives</summary>
<p>This is a proposal submitted to the Polkadot DAO by <a class="mention" href="/u/imdior">@ImdioR</a> in order to include Centrifuge in marketing narratives funded by Polkadot Bounty <span class="hashtag-raw">#33</span> – Marketing Bounty.</p>
<p>The proposal is live as Referendum 1059 on Polkadot OpenGov and any DOT holder can vote in this proposal.</p>
</details>
<details>
 <summary>Proposal for the Polkadot Community to Earn RWA Yield on Idle Stablecoins via Centrifuge</summary>
<p>This is a proposal made by <a class="mention" href="/u/graysonalto">@GraysonAlto</a>, with support from <a class="mention" href="/u/imdior">@ImdioR</a> and <a class="mention" href="/u/the_phunky_one_lucky">@The_Phunky_One_Lucky</a>, and is a treasury proposal made to the Polkadot DAO to allocate 3M USDC of their idle stablecoins in their treasury to invest in Centrifuge’s T-Bill pool, Anemoy Liquid Treasury Fund.</p>
<p>The proposal is live as Referendum 1122 on Polkadot OpenGov and any DOT holder can vote in this proposal.</p>
</details>
<h2><a name="p-18690-on-going-proposals-6" class="anchor" href="#p-18690-on-going-proposals-6"></a>On-going proposals</h2>
<div class="md-table">
<table>
<thead>
<tr>
<th>Proposal</th>
<th>Where</th>
<th>Status</th>
<th>Ending</th>
</tr>
</thead>
<tbody>
<tr>
<td><a href="https://forum.sky.money/t/tokenization-grand-prix-application-centrifuge/25091">Spark Tokenization Grand Prix</a></td>
<td>Sky/Maker DAO</td>
<td>rfp</td>
<td>N/A</td>
</tr>
</tbody>
</table>
</div><details>
 <summary>Spark Tokenization Grand Prix</summary>
<p>A collaborative proposal, made together with Anemoy (issuer of T-bills on Centrifuge) and Janus Henderson Investors (a tier-one asset manager with $360B+ AUM).</p>
<p>Together with other issuers, they are competing to get a part of $1B from Maker DAO to invest in tokenized Real-World Assets. The decision will be made by Maker Governance and MKR holders.</p>
</details>

Governance Update September 2024

<p><strong>September 27, 2024</strong></p>
<p><strong>Subject: Legal Update and Appeal Rights Regarding the Hanhwa Case</strong></p>
<p>Dear Valued Investors and Affected Parties,</p>
<p>We are writing to update you on the latest developments regarding the legal proceedings related to Hanhwa and its CEO, Ryan Lee, and to outline the next steps available to Consol Freight and the impacted stakeholders.</p>
<p>As you are aware, this case has significantly impacted Consol Freight, leading to a halt in our operations. Our legal team has been actively pursuing recovery options through the courts, but recent decisions have created additional challenges.</p>
<h1><a name="p-18689-recent-court-decision-1" class="anchor" href="#p-18689-recent-court-decision-1"></a>Recent Court Decision</h1>
<p>On <strong>27 May 2024</strong>, Judicial Registrar Birchall delivered a decision that rejected Consol Freight’s attempt to subpoena documents from the Liquidator and Directed Electronics (the Plaintiff in this case). These subpoenas were critical to understanding the sale and disposal of assets that Consol Freight financed through its trade finance agreement with Hanhwa. The court also declined our request for preliminary discovery, further hindering our ability to gather evidence regarding the sale of inventory.</p>
<h1><a name="p-18689-options-moving-forward-2" class="anchor" href="#p-18689-options-moving-forward-2"></a>Options Moving Forward</h1>
<p>Our barrister has advised that Consol Freight has the right to appeal this decision. The appeal would be a “de novo” hearing, meaning the court will look at the case from the beginning, allowing us to present new evidence and arguments. While we have a reasonable basis for an appeal, there are significant financial obligations associated with pursuing this course. In addition to paying a deposit to cover the defendants’ attorney fees, we must also settle any outstanding legal costs resulting from our unsuccessful subpoena request.</p>
<p>One critical factor in the appeal is that the Liquidator had initially undertaken not to deal with the</p>
<p>$440,000 from the sale of Consol Freight’s inventory. However, recent developments suggest the Liquidator has reversed this decision without notice, and it appears the funds may have been used. This raises serious legal questions, and our legal team is exploring potential claims against the Liquidator for breaching their duties and assisting in what may have been a fraudulent disposal of Consol Freight’s goods.</p>
<h1><a name="p-18689-limited-time-to-act-3" class="anchor" href="#p-18689-limited-time-to-act-3"></a>Limited Time to Act</h1>
<p>While these legal arguments provide a potential path forward, we want to be transparent about the risks and uncertainties involved. There is no guarantee of success, and the financial burden of continuing this case is significant.</p>
<p>Given these considerations, Consol Freight is offering <strong>MakerDAO and Defactor</strong>, as the largest affected parties, the opportunity to take over our rights to appeal and continue pursuing the case. We will limit this offer to a <strong>30-day period</strong>, after which time Consol Freight will cease any further legal actions if no other party steps in to take over.</p>
<h1><a name="p-18689-next-steps-4" class="anchor" href="#p-18689-next-steps-4"></a>Next Steps</h1>
<p>If MakerDAO or Defactor wishes to explore this option, we encourage you to contact us within the next 30 days to discuss how the process might proceed. We will continue to provide any relevant information and legal documentation to support your decision.</p>
<p>Please understand that, while the appeal offers a chance to recover funds, the process remains uncertain, and any further legal proceedings will come with associated risks and costs. We remain committed to supporting this process in any way we can, and we will be as transparent as possible throughout the remaining stages.</p>
<p>We deeply appreciate your patience and understanding during these challenging times. Should you have any questions or wish to discuss this further, please feel free to reach out to us.</p>
<p>Sincerely</p>
<p>Jose Tovar</p>

Consol Freight Pilot, LLC

Legal Proceedings Update: CONSOLFREIGHT PILOT, LLC vs. Hanhwa CEO

<p>Thanks much for giving MarkitLend the opportunity to highlight its pool proposal.</p>

Centrifuge Governance Call #30 | 2024-09-18

<p><a class="mention" href="/u/robinnagpal">@robinnagpal</a>  - I added a presentation covering track records.  You can view it <a href="http://markitlend.com/wp-content/uploads/2024/09/MeetourManagers-202409.pdf" rel="noopener nofollow ugc">here.</a></p>

CPXXX: (POP) MarkitLend US Consumer Credit

<p>Hi everyone.  I just wanted to draw your attention to <a class="mention" href="/u/mktlend">@MktLend</a> Pool Proposal.  You can see it in the governance section.  Comments and feed back are welcome!</p>
<p>The link is <a href="https://gov.centrifuge.io/t/cpxxx-pop-markitlend-us-consumer-credit/6565">https://gov.centrifuge.io/t/cpxxx-pop-markitlend-us-consumer-credit/6565</a></p>

@MktLend Pool Proposal is posted

<p><a class="mention" href="/u/mktlend">@mktLend</a>  posted a proposal for a Pool.  Please check it out.  Comments, feedback and questions are appreciated!</p>
<p>Michael</p>

Pools on Centrifuge Chain are coming!

<p>Hello Kate, I have couple of points to add from myside and DAO think about</p>
<ol>
<li>Sponsoring can be secondary but if team can speak on stage that will bring definitely some more exposure</li>
<li>There are two sets of audience here one is large number normal audiences and other is corporates like VanEck for example based on my earlier visit</li>
<li>There is good media visibility but I not sure if sponsoring will be helpful</li>
</ol>
<p>Alternatively we can team up with a community and do a side event or something that brings like minded people together</p>

Centrifuge

treasury1

discussions16