MakerDAO’s Endgame Draws Concerns
It’s just been reported that the community governance recently approved MakerDAO’s newly proposed constitution. It’s been also reported the fact that this is an important step toward Rune Christensen’s “Endgame” plan, an...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It’s just been reported that the community governance recently approved MakerDAO’s newly proposed constitution. It’s been also reported the fact that this is an important step toward Rune Christensen’s “Endgame” plan, and many changes can already be observed in the community.
Project’s EndgamePart of the project’s Endgame is to transition existing Maker core unit teams into metaDAOs, known also as subDAOs, which will each have its own governance token.
As part of the transition, MakerDAO’s existing protocol engineering core unit will disband by the end of the month and move into the new operations framework. Many engineers will also be leaving the team.
Sam MacPherson who is a protocol engineer at MakerDAO, explained to Blockworks that none of this should come as a surprise.
“Maker is undergoing a lot of changes to prepare for the next phase of decentralization. Rune’s Endgame plan has passed the governance vote, so Maker is being split into smaller DAOs,” MacPherson said.
“Naturally, this involves people shuffling around to different positions, some new people joining and some moving on to other things.”
As the online pubcalition Blockworks notes, in an interview with Blockworks, MakerDAO delegate Mika Honkasalo noted that it is difficult to determine whether Endgame will change MakerDAO in a way that makes the platform unrecognizable from what it once was, or if the DAO will simply continue to move forward.
“I think one of the things, if you read the Endgame materials, is that they’re very difficult to understand…it’s a wait-and-see process of understanding how much things actually will change,” Honkasalo said.
We suggest that you check out the original article in order to learn more details about this.
An essential catalyst to trigger massive shift in the crypto spaceHedge fund boss Anthony Scaramucci says one major catalyst is likely to cause a wider adoption of crypto assets. Checkout our previous article in order to learn more details about this.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Keel (KEEL) Sells Entire Bitcoin Treasury for $192 Million, Will Sell BTC Daily
Bitcoin Magazine Keel (KEEL) Sells Entire Bitcoin Treasury for $192 Million, Will Sell BTC Daily Keel Infrastructure sold its enti...
U.S.-Sanctioned Moscow Exchange Will List Bitcoin on Dec. 1 as Russia Pulls Crypto Trading Home
Bitcoin Magazine U.S.-Sanctioned Moscow Exchange Will List Bitcoin on Dec. 1 as Russia Pulls Crypto Trading Home Moscow Exchange,...
Elliptic says Binance hackers swapped stolen tokens for $124M in bitcoin, exchange plans more withdrawal reopenings
Elliptic says little of the stolen crypto has likely been cashed out, while $2.85 billion remains frozen.
Thailand SEC Files Criminal Complaint Against Bitget Ahead of Dec. 5 Access Block
Bitcoin Magazine Thailand SEC Files Criminal Complaint Against Bitget Ahead of Dec. 5 Access Block Thailand’s Securities and Excha...
South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat
Bitcoin Magazine South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat South Korean cryptocurre...
Binance hackers reportedly spent eight weeks inside before $6.3 billion theft
The incident underscores the critical need for robust internal security and detection systems in exchanges to prevent prolonged br...