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Inside Maker DAO: leadership conflict over direction fuels multiple departures

Quick Take

  • Maker DAO has seen a faction seeking to make the entity more decentralized break away in recent months
  • Divisions over how a fund of $200 million should be allocated pushed out several people, including Maker board members
  • Maker is in the process of purchasing a broker dealer license and setting up a for profit unit
It hasn’t been a stable couple of months for stablecoin project Maker, as insiders squabble over the future of the Ethereum project, sources close to project tell The Block. Maker DAO, a non-custodial lending protocol that produces decentralized stablecoin Dai, has witnessed a faction break out in recent months to prevent the consolidation of power […]

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DeFi
Ethereum
Lending
Stablecoins

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