December 16, 2020, 6:30AM EST
• 7 min read

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.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here