MakerDAO Makes First Steps Toward Endgame

MakerDAO constitution will completely revolutionize governance at the DAO

article-image

Artwork by Axel Rangel modified by Blockworks

share

Community governance that oversees MakerDAO, the decentralized protocol behind stablecoin DAI, has voted in favor of the “Maker Constitution,” making its first steps toward Endgame.

The Endgame plan is a roadmap designed by Rune Christensen, the protocol’s co-founder, to decentralize governance at MakerDAO and improve DeFi innovation.

It includes a set of 14 different Maker Improvement Proposals (MIPs) — designed collectively to create rules and corresponding frameworks that will eventually enable the launch of Endgame.

The first MIP up for a vote was the Maker Constitution, otherwise known as MIP101.

The Maker Constitution can be considered the foundation of Endgame. Made up of 11 constitutional articles and 12 scope frameworks, the constitution will implement the following changes at MakerDAO:

  1. Create a “purpose system” to enable token allocations to SubDAOs, which will determine charities to donate to through community votes.
  2. Make strides toward DAI stablecoin decentralization through MKR token generation in the event there is not enough DAI collateral.
  3. Introduce a standardized and regulated application to align voter incentives and prevent voter manipulation.
  4. Invite “constitutional conservers” or external entities to facilitate governance operations.
  5. Create “constitutional voter committees” consisting of groups of MKR holders tasked with reaching compromises with other teams to minimize chances of making bad decisions.
  6. Establish a protocol delegation system that will enable the delegation of MKR tokens as collateral to generate more DAI to increase voter incentive.
  7. Continue the function of Core Units and project-based funding.
  8. Launch six new SubDAOs alongside the activation of Endgame.
  9. Create modifiable subcomponents designed to move MakerDAO toward greater decentralization.
  10. A new set of boundaries to manage the modifiable subcomponents or “Scope Frameworks.”
  11. A process to make amendments to the Maker Constitution.

A shadow delegate noted the constitution gave them a “good starting point to grab [the] whole view of [the] next governance structure of MakerDAO,” and hence chose to vote “yes” for the proposal. 

London Business School Blockchain association, meanwhile, wrote in a forum that they chose to vote against the proposal because there were “important aspects of the Constitution that we do not understand, or simply cannot support.”

Ultimately, a total of 76% of delegates voted in favor, and 24% voted against. Less than 0.01% of members abstained. 

Endgame has been in talks since May 2022. Only recently has it finally been given the go-ahead by MakerDAO’s community governance.  

A governance delegate of MakerDAO that goes by the pseudonym park_eth told Blockworks that, “anyone who’s involved with DeFi governance will know that Maker is probably the most complicated one.” 

“Maker has actually built a very good culture of encouraging different opinions and voices onto the community platform and actually having rigorous debate on the issues. Generally the quality of discussion [is] very, very high,” they said. “I think [decentralization] is not necessarily a bad thing [but] decisions always feel really hard.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.jpg

Research

Figure, founded by former SoFi CEO Mike Cagney, has emerged as a leader in onchain RWAs, with ~$17.5B publicly tokenized. The platform’s ecosystem volume is growing ~40% YoY as it expands beyond HELOCs into student loans, DSCR loans, unsecured loans, bankruptcy claims, and more. Operationally, Figure cuts average loan production cost by ~93% and compresses median funding time from ~42 days to ~10, creating a durable speed-and-cost advantage.

article-image

Combining Franklin Templeton’s tokenization expertise with Binance’s trading infrastructure could speed crypto adoption, companies say

article-image

The firm’s upcoming filing comes as competition heats up over the USDH stablecoin

article-image

Robinhood and Coinbase are vying for user attention with new social features that could rival Twitter

article-image

Atkins backs predictable digital asset framework through Project Crypto, marking a departure from prior enforcement tactics

by Blockworks /
article-image

Following a roundtable, the startup emerges as frontrunner, despite entries from Paxos, Ethena, and others