MakerDAO Founder Is Seeking $14 Million in MKR

According to the latest reports, it seems that Rune Christensen, a longtime climate activist, wants public good codified as a “central purpose and value of MakerDAO.” Check out the latest reports about this as they are revealed by BlockWorks.

In the latest draft of the Pregame Maker Constitution — Rune Christensen, the founder of MakerDAO — requests 20,000 MKR tokens ($14 million) to be dedicated to a Scientific Sustainability Fund.

The online publication mentioned above notes the fact that “The Pregame Maker Constitution is a work-in-progress document that will shape Maker Governance prior to the launch of SubDAOs. The constitution will be a living document and be subject to updates and modifications.”

In the document, Christensen notes that “MakerDAO will always share financial success with the world through charity that is distributed broadly and with thoughtful and genuine consideration of its impact.”

This practice would be implemented via a Purpose System, to be established by the Constitution and designed to allocate tokens to charities. These are supposed to have a meaningful and verifiable impact.

Among the many charitable causes, Christensen highlights the importance of Scientific Sustainability — which he describes as a “core principle of the Maker Constitution that recognizes the unique, critical relationship between financial infrastructure and the global environmental risks of climate change.”

Back in October, we were revealing that MakerDAO made important moves.

The top US crypto exchange Coinbase decided to team up with MakerDAO in a custody deal nearly doubling the exchange’s US Dollar Coin (USDC) holdings.

Under the agreement, MakerDAO, the decentralized autonomous organization (DAO) behind the stablecoin DAI, is going to deposit up to $1.6 billion of its USDC holdings with Coinbase Prime.

When in Coinbase’s custody, MakerDAO will earn up to 1.5% rewards on the USDC. This is a dollar-pegged Ethereum (ETH)-based stablecoin.