MakerDAO

First, Rune Christensen says, understand human nature, then build mechanisms around it, as he did with MakerDAO’s Endgame update

MakerDAO’s Endgame is designed to ease governance tensions and ensure the DAO is completely decentralized

Adapted from Aave, Spark Lend will directly connect end users to the Maker stablecoin

The popularity of DeFi has fallen far from its 2020 heights

The transition to metaDAOs and a change in MKR tokenomics continues to draw concerns

MakerDAO constitution will completely revolutionize governance at the DAO

Voting members were presented with two options: keep USDC as the primary reserve backing its DAI stablecoin, or diversify

The allocation of reserves toward short-dated Treasuries has boded well for stablecoin issuers, analyst says

The proposed strategy could see the DAO investing up to $750 million at an annualized yield of about 4.5% after custody and expected trading cost

The effort is designed overall to shore up the stability of DAI

Rune Christensen, a longtime climate activist, wants public good codified as a “central purpose and value of MakerDAO.”

Governance vote creates defense fund intending to alleviate costs for Maker participants exposed to “novel legal risks”

In August, MakerDAO added the bank’s digital asset-focused subsidiary, Societe Generale–Forge, to its vaults with a credit limit of $30 million in DAI after a unanimous vote

A $220 million “real-world asset” vault may soon be available to DeFi investors

The decision to hike savings rates will likely make DAI a more attractive asset for risk-averse investors

TVL is easily affected by market conditions, so the carnage left by FTX’s wake could be to blame

SubDAOs and MetaDAOs may be in the cards for many protocols as they scale, but implementation is still an issue

With billions of dollars in native tokens sitting in DAO treasuries, some in DeFi are seeking ways to generate yield on languishing crypto

Nikolai Mushegian was known among Ethereum circles as a genius visionary who inspired much of the early workings on smart contract security

The plan involves restructuring the DAO into smaller teams with one aligned mission

DAI stablecoin was converted for this diversification effort, with 80% going toward US short-term Treasuries and 20% to investment-grade corporate bonds

The ‘endgame’ is the DeFi founder’s final attempt to create a self-governing DAO

“The reality of the situation is that the status quo of maker is untenable,” the DAO’s co-founder said

The centralized exchange hopes to dissuade Maker from exiting its USDC holdings amid fallout from the US’ Tornado Cash sanctions

A new proposal from Maker co-founder Rune maps plans for a free floating DAI, growing a schism between ‘futurists’ and ‘decentralists’