Endgame Could Ease MakerDAO’s Governance Tensions

MakerDAO’s co-founder shared not too long ago The EndgamePlan, which is a roadmap that had the main target to improve the protocol’s governance mechanisms and tap into the DeFi innovation. Check out the latest reports about the issue below.

Blockworks online publication notes that the disagreements within MakerDAO community members have inhibited the protocol’s ability to make complicated decisions, leading to voter apathy and poor accountability.

“The reality of the situation is that the status quo of maker is untenable,” Rune Christensen, the co-founder, wrote in MakerDAO’s governance Discord. “MKR is near valueless because of the compounding multidimensional risk.”

It’s also been revealed the fact that following the Tornado Cash sanctions and Circle’s move to blacklist all USDC in Tornado Cash contracts, members of the MakerDAO community — the single largest holder of the stablecoin USDC — have been analyzing whether the decentralized autonomous organization could completely move away from its dependency on “seizable” centralized assets.

You should check out more official notes in order to learn more details about all this.

In other relevant news, the crypto market has been seeing some recent corrections regarding the prices of digital assets.

The CEO of Binance, Changpeng Zhao, is addressing some important issues regarding the crypto market.

Zhao said that the limited supply of crypto, particularly large-cap assets like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), could soon break from their correlation with the stock market.

In a new interview on CNBC, Zhao says that unlike fiat, the amount of crypto that can go into circulation is limited.

“I think like we’re one year in from the previous all-time high. The inflation, the interest rate, the adjustments, etc., those all affect the markets, but those are short-term.”

We suggest that you check out the previous article that we posted earlier today in order to learn more details about all this.