MakerDAO, an Ethereum-based lending platform, has approved its “Constitution” and is moving forward with

Key Highlights :

SubDAOs are entities that will be responsible for the day-to-day operations of MakerDAO. They will be responsible for the governance of the Maker protocol and will be able to propose and vote on changes to the Maker protocol. The Constitutional Voter Committees (CVCs) are responsible for voting on proposed changes to the Maker protocol. The Constitutional Delegates (CDs) are responsible for implementing the changes that have been approved by the CVCs. Finally, the Constitutional Conservers (CCs) are responsible for ensuring that the Maker protocol is in compliance with the approved rules and regulations.

The implementation of MakerDAO's new structure is an important step in the evolution of the Maker protocol. It is designed to make the Maker protocol more decentralized, secure, and efficient. It also provides more transparency and accountability to the Maker community. With the implementation of the new structure, MakerDAO is now better positioned to meet the needs of its users and provide a reliable and secure platform for the issuance of the DAI stablecoin.

Krisztian Sandor, a reporter on the U.S. markets team focusing on stablecoins and institutional investment, holds BTC and ETH. He has reported on the new Endgame structure of MakerDAO and the approval of the rules that will govern Maker in the future. This is an important step in the evolution of MakerDAO and the DAI stablecoin, and will help ensure that MakerDAO is a reliable and secure platform for the issuance of the DAI stablecoin.

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SubDAOs are entities that will be responsible for the day-to-day operations of MakerDAO. They will be responsible for the governance of the Maker protocol and will be able to propose and vote on changes to the Maker protocol. The Constitutional Voter Committees (CVCs) are responsible for voting on proposed changes to the Maker protocol. The Constitutional Delegates (CDs) are responsible for implementing the changes that have been approved by the CVCs. Finally, the Constitutional Conservers (CCs) are responsible for ensuring that the Maker protocol is in compliance with the approved rules and regulations.

The implementation of MakerDAO's new structure is an important step in the evolution of the Maker protocol. It is designed to make the Maker protocol more decentralized, secure, and efficient. It also provides more transparency and accountability to the Maker community. With the implementation of the new structure, MakerDAO is now better positioned to meet the needs of its users and provide a reliable and secure platform for the issuance of the DAI stablecoin.

Krisztian Sandor, a reporter on the U.S. markets team focusing on stablecoins and institutional investment, holds BTC and ETH. He has reported on the new Endgame structure of MakerDAO and the approval of the rules that will govern Maker in the future. This is an important step in the evolution of MakerDAO and the DAI stablecoin, and will help ensure that MakerDAO is a reliable and secure platform for the issuance of the DAI stablecoin.

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CoinDesk is a leading media outlet that strives for the highest journalistic standards and is an independent operating subsidiary of Digital Currency Group. Recently, CoinDesk reporter Krisztian Sandor reported on the new decentralized autonomous organization (DAO) structure MakerDAO has implemented for its $7 billion lending platform Maker. Maker is a lending platform that issues a stablecoin called DAI.

MakerDAO's new structure, called “Endgame”, is a major overhaul of how MakerDAO functions in its core and decentralizes the backing of DAI stablecoin. It includes SubDAOs, Constitutional Voter Committees (CVCs), Constitutional Delegates (CDs) and Constitutional Conservers (CCs). MakerDAO's community has approved a set of rules that outlines how the lending platform Maker will function and make decisions in the future.

SubDAOs are entities that will be responsible for the day-to-day operations of MakerDAO. They will be responsible for the governance of the Maker protocol and will be able to propose and vote on changes to the Maker protocol. The Constitutional Voter Committees (CVCs) are responsible for voting on proposed changes to the Maker protocol. The Constitutional Delegates (CDs) are responsible for implementing the changes that have been approved by the CVCs. Finally, the Constitutional Conservers (CCs) are responsible for ensuring that the Maker protocol is in compliance with the approved rules and regulations.

The implementation of MakerDAO's new structure is an important step in the evolution of the Maker protocol. It is designed to make the Maker protocol more decentralized, secure, and efficient. It also provides more transparency and accountability to the Maker community. With the implementation of the new structure, MakerDAO is now better positioned to meet the needs of its users and provide a reliable and secure platform for the issuance of the DAI stablecoin.

Krisztian Sandor, a reporter on the U.S. markets team focusing on stablecoins and institutional investment, holds BTC and ETH. He has reported on the new Endgame structure of MakerDAO and the approval of the rules that will govern Maker in the future. This is an important step in the evolution of MakerDAO and the DAI stablecoin, and will help ensure that MakerDAO is a reliable and secure platform for the issuance of the DAI stablecoin.

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