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MIP102c2-SP22 amendment PR
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# MIP62: Collateral Offboarding Process

## Preamble
Expand All @@ -21,9 +22,9 @@ Extra: This MIP has been amended. See [MIP4c3-SP2](https://mips.makerdao.com/mip

## References

* [Offboarding Unprofitable Collaterals](https://forum.makerdao.com/t/offboarding-unprofitable-collaterals/9785)
* [An Assessment First Hand Experience And Recommendations From The AAVE Offboarding](https://forum.makerdao.com/t/an-assessment-first-hand-experience-and-recommendations-from-the-aave-offboarding/11836)
* [MIP24 (Emergency Response)](https://mips.makerdao.com/mips/details/MIP24)
- [Offboarding Unprofitable Collaterals](https://forum.makerdao.com/t/offboarding-unprofitable-collaterals/9785)
- [An Assessment First Hand Experience And Recommendations From The AAVE Offboarding](https://forum.makerdao.com/t/an-assessment-first-hand-experience-and-recommendations-from-the-aave-offboarding/11836)
- [MIP24 (Emergency Response)](https://mips.makerdao.com/mips/details/MIP24)

## Sentence Summary

Expand All @@ -35,20 +36,20 @@ Periodically, collateral and vault types (ilks) are re-evaluated, which sometime

## Component Summary

**MIP62c1: Technical Offboarding Process**
MIP62c1 specifies actions to be taken by specific actors within MakerDAO when offboarding a vault type.
**MIP62c1: Technical Offboarding Process**
MIP62c1 specifies actions to be taken by specific actors within MakerDAO when offboarding a vault type.

**MIP62c2: Communication Channels and Media Assets**
MIP62c2 specifies which communication channels and media assets should be utilized to announce offboarding prior to initiating parameter changes designed to liquidate users, without penalty, during the offboarding process.
**MIP62c2: Communication Channels and Media Assets**
MIP62c2 specifies which communication channels and media assets should be utilized to announce offboarding prior to initiating parameter changes designed to liquidate users, without penalty, during the offboarding process.

**MIP62c3: Modification of MIP62c2 Communication Channels**
MIP62c3 describes the process for adding, removing, and modifying communication channels for the process outlined in this MIP.
**MIP62c3: Modification of MIP62c2 Communication Channels**
MIP62c3 describes the process for adding, removing, and modifying communication channels for the process outlined in this MIP.

**MIP62c4: Expedited Offboarding**
MIP62c4 offers an expedited process in the event a collateral type needs to be removed quickly due to security or solvency concerns.
**MIP62c4: Expedited Offboarding**
MIP62c4 offers an expedited process in the event a collateral type needs to be removed quickly due to security or solvency concerns.

**MIP62c5: Communication Coordinator**
MIP62c5 defines a Communication Coordinator role that has responsibilities under MIP62c2 and MIP62c3.
**MIP62c5: Communication Coordinator**
MIP62c5 defines a Communication Coordinator role that has responsibilities under MIP62c2 and MIP62c3.

## Motivation

Expand All @@ -68,8 +69,8 @@ There have been several instances recently where users entered official MakerDAO
Upon approval by Maker Governance to offboard a permissionless collateral type or vault type, the following actions are taken as soon as is practicable:

- Set debt ceiling to 0 DAI.
- Make an initial public announcement on all communication channels in MIP62c2.
- Make a second public announcement on all communication channels in MIP62c2 no later than 14 calendar days after the initial public announcement.
- Make an initial public announcement on all communication channels in [MIP62c2](https://mips.makerdao.com/mips/details/MIP62#MIP62c2).
- Make a second public announcement on all communication channels in [MIP62c2](https://mips.makerdao.com/mips/details/MIP62#MIP62c2) no later than 14 calendar days after the initial public announcement.
- Once second public announcements have been made, set the liquidation penalty to 0%.

Only after 14 calendar days have passed since beginning to initiate second public announcements may other parameter changes–including but not limited to liquidation ratio or stability fee–explicitly designed to offboard users be implemented. Examples include changes to the liquidation ratio, stability fee, or any other parameter meant to purposefully encourage liquidations of all remaining vaults in that collateral type.
Expand All @@ -78,56 +79,57 @@ Only after 14 calendar days have passed since beginning to initiate second publi

The following channels should be used for initial and second public announcements of collateral offboarding. The order of announcement publication is as follows:

The author of the collateral offboarding notice shall post to the `Updates` section of the MakerDAO Forum detailing the recommended offboarding. This forum thread is used to inform downstream announcements on other channels.
The author of the collateral offboarding notice shall post to the the MakerDAO Forum detailing the recommended offboarding. This forum thread is used to inform downstream announcements on other channels.

The Communication Coordinator publishes the associated notices to:

- All public MakerDAO Calendars.
- The MakerDAO Official Discord’s Announcement channel.
- The official MakerDAO subreddit.

Partner Relationship Leads from relevant Core Units reach out to:
Partner Relationship Leads from relevant Ecosystem Actors reach out to:

- Affected collateral partners (e.g., Aave)
- Affected frontend service providers (e.g., Oasis, DeFi Saver)

Additionally, outreach may be done to cover more channels not listed here. These may include other CU-owned Twitter accounts, communication channels, and platforms.
Additionally, outreach may be done to cover more channels not listed here. These may include other Ecosystem Actor- or Facilitator-owned Twitter accounts, communication channels, and platforms.

Unless otherwise noted in the offboarding proposal, Collateral Engineering Services (CES-001) will take the lead and coordinate this process.
Unless otherwise noted in the offboarding proposal, the Accessibility Scope Facilitator, as defined in MIP113, will take the lead and coordinate this process.

These channels, the order in which they are to be used for these communications, and who is responsible for which channel can be modified via MIP62c3. It is GOV-001's responsibility to keep MIP62c2: Communication Channels and Media Assets up-to-date.
These channels, the order in which they are to be used for these communications, and who is responsible for which channel can be modified via [MIP62c3](https://mips.makerdao.com/mips/details/MIP62#MIP62c3). It is the Accessibility Scope Facilitator's responsibility to keep MIP62c2: Communication Channels and Media Assets up-to-date.

### MIP62c3: Modification of MIP62c2 Communication Channels

#### Addition of Communication Channels

New communication channels and media assets may be added to those listed under MIP62c2 without the requirement for governance vote by a joint public statement on the MakerDAO Forum to that effect by any two Core Unit facilitators, or by public statement on the MakerDAO Forum by the Communication Coordinator. Public statements should tag or otherwise directly notify @GovAlpha-Core-Unit.
New communication channels and media assets may be added to those listed under [MIP62c2](https://mips.makerdao.com/mips/details/MIP62#MIP62c2) without the requirement for governance vote by a joint public statement on the MakerDAO Forum to that effect by any two Scope Facilitators, or by public statement on the MakerDAO Forum by the Communication Coordinator. In the event a single entity holds multiple Facilitator titles, that entity still only counts as a single Scope Facilitator for the purposes of MIP62. Public statements should tag or otherwise directly notify all Accessibility Scope Facilitators, as defined in [MIP113](https://mips.makerdao.com/mips/details/MIP113#7-1-1-1-1a).

#### Removal of Communication Channels

Removal of a communication channel or media asset in MIP62c2 may be effected without the requirement for a governance vote by a joint public statement on the MakerDAO Forum by any two Core Unit facilitators. Public statements should tag or otherwise directly notify @GovAlpha-Core-Unit.
Removal of a communication channel or media asset in [MIP62c2](https://mips.makerdao.com/mips/details/MIP62#MIP62c2) may be effected without the requirement for a governance vote by a joint public statement on the MakerDAO Forum by any two Scope Facilitators. In the event a single entity holds multiple Facilitator titles, that entity still only counts as a single Scope Facilitator for the purposes of MIP62. Public statements should tag or otherwise directly notify all Accessibility Scope Facilitators, as defined in [MIP113](https://mips.makerdao.com/mips/details/MIP113#7-1-1-1-1a).

#### Modification of Existing Communication Channels

The use of existing channels as specified in MIP62c2 (order in the sequence of notification, actors responsible for their use) can be modified by the same process used to add new communication channels.
The use of existing channels as specified in [MIP62c2](https://mips.makerdao.com/mips/details/MIP62#MIP62c2) (order in the sequence of notification, actors responsible for their use) can be modified by the same process used to add new communication channels.

### MIP62c4: Expedited Offboarding

When a collateral type threatens the security or solvency of the Maker protocol, an expedited offboarding is in order. Expedited offboardings bypass the timeline specified in MIP62c1 and allow the immediate modification of all relevant parameters. Expedited offboardings must:
When a collateral type threatens the security or solvency of the Maker protocol, an expedited offboarding is in order. Expedited offboardings bypass the timeline specified in [MIP62c1](https://mips.makerdao.com/mips/details/MIP62#MIP62c1) and allow the immediate modification of all relevant parameters. Expedited offboardings must:

- State that the offboarding should be expedited due to an emergency or urgent concern, as defined in [MIP24](https://github.com/makerdao/mips/blob/master/MIP24/mip24.md).
- Explicitly and clearly reference this component.
- State in the proposal's text that the offboarding should be expedited due to an emergency or urgent concern, as defined in [MIP24](https://mips.makerdao.com/mips/details/MIP24).
- Explicitly and clearly reference this MIP component.

The public announcements defined in MIP62c1 must still be carried out, but their timeline no longer constrains the modification of parameters. Additionally, these announcements must communicate that it is a case of an expedited offboarding and the reasons for it.
The public announcements defined in [MIP62c1](https://mips.makerdao.com/mips/details/MIP62#MIP62c1) must still be carried out, but their timeline no longer constrains the modification of parameters. Additionally, these announcements must communicate that it is a case of an expedited offboarding and the reasons for it.

### MIP62c5: Communication Coordinator

The Communication Coordinator has responsibilities defined in MIP62c2 and MIP62c3.
The Communication Coordinator has responsibilities defined in [MIP62c2](https://mips.makerdao.com/mips/details/MIP62#MIP62c2) and [MIP62c3](https://mips.makerdao.com/mips/details/MIP62#MIP62c3).

The current Communication Coordinator is the Accessibility Scope Facilitator(s), as defined in [MIP113](https://mips.makerdao.com/mips/details/MIP113#7-1-1-1-1a)

The current Communication Coordinator is the GovAlpha Core Unit (GOV-001).
If the current Communication Coordinator is no longer willing or able to fulfill this role then MIP62c5 may be modified by any Governance Facilitator, as defined in MIP113.

If the current Communication Coordinator is no longer willing or able to fulfill this role then MIP62c5 may be modified by MIP Editors.
* This modification does not require a governance vote.
* This modification must replace the existing Communication Coordinator.
* The new Communication Coordinator must have publicly communicated their willingness to fulfill the Communication Coordinator.
* The MIP Editors must publicly communicate that the modification has taken place.
- This modification does not require a governance vote.
- This modification must replace the existing Communication Coordinator.
- The new Communication Coordinator must have publicly communicated their willingness to fulfill the Communication Coordinator.
- The Governance Facilitator must publicly communicate that the modification has taken place.

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