December 16, 2020, 6:30AM EST
• 7 min read
DeFi governance games: MakerDAO
- 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.