MakerDAO proposes new changes to the protocol, details inside
April 24, 2023
By Himalay Patel
Read MakerDAO’s Price Prediction 2023-2024
MakerDAO’s new proposals were set to pass with an overwhelming majority.
Despite the improvements to the protocol, MKR’s prices fell.
MakerDAO’s [MKR] governance was extremely active over the last few months in terms of drafting new proposals. The protocol has been working to elevate the platform for users.
Old DAO, new Proposals
The MIP102c2-SP2 proposal was put forward to vote on 10 April. The purpose of the proposal was to amend the Maker Constitution and the Scope Frameworks, which govern the operation of the Maker Protocol.
The changes were described as “long-term focused” and were determined in March.
At the time of writing, 87.32% of registered addresses did cast their votes in favor of the proposal. The voting period is scheduled to end on 24 April.
If the proposed changes involve amendments to the Maker Constitution, this could impact the governance structure of the platform and the decision-making processes used to manage the protocol.
Changes to the Scope Frameworks could impact the types of collateral that are accepted by the platform, which could in turn impact the overall stability and security of the protocol.
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