DeFi governance games: MakerDAO

Quick Take

  • MakerDAO is one of the oldest successful DAOs on Ethereum with functioning governance.
  • Anyone can participate in off-chain governance, while for governance polling, it is necessary to hold MKR.
  • Executive voting, in turn, requires locking tokens in the governance contract.
  • Despite the 9x growth of TVL, governance at MakerDAO continues to be relatively centralized and passive.

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