MakerDAO passes new 'structure' to formalize governance course of

MakerDAO, the decentralized autonomous group that governs the Dai (DAI) stablecoin, has handed a brand new proposed “structure” meant to formalize governance processes and assist forestall hostile actors from taking up the protocol, based on the official discussion board web page for the proposal.

In keeping with the proposal’s textual content, a structure is wanted as a result of the Maker Protocol “depends on governance choices by people and establishments holding MKR tokens,” which may “expose weaknesses and vulnerabilities that can lead to the failure of the Maker Protocol or the lack of consumer funds.”

Proceed Studying on Coin Telegraph