MakerDAO members shoot down proposal for more centralization By Cointelegraph

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MakerDAO members shoot down proposal for more centralization

Published Jul 01, 2022 03:45AM ET Updated Jul 01, 2022 05:20AM ET

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MakerDAO members shoot down proposal for more centralization

In a major win for decentralization, members of MakerDAO, the lending protocol behind the Dai (DAI) stablecoin, have rejected a series of proposals that would have seen the protocol’s governance structure become more centralized.

On June 27, the members of MakerDAO (MKR) showed up to consider three proposals that would have reorganized the leadership of the decentralized autonomous organization (DAO) into something that more closely resembles a traditional corporation, complete with a board of directors.

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MakerDAO members shoot down proposal for more centralization

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