MakerDAO To Execute Eight Governance Proposals For The Protocol

MakerDAO, the decentralized autonomous organization behind the Maker DeFi project, plans to carry out eight governance proposals approved by the community in what the protocol calls its “most important deployments of 2022“.

On December 11, the DAO’s delegates voted on the proposals. The bundle contains a compensation package for authorized delegates, the implementation of the Gnosis DAO (GNO) token as collateral for DAI, and an increase in the DAI savings rate from 0.01% to 1%.

Maker delegates are a component of the MakerDAO ecosystem and have been given the ability to cast votes on behalf of the community by other members. Each Maker (MKR) token owner has the opportunity to take part in the DAO’s governance. Some token owners choose to assign their voting rights instead of doing so.

After the proposal bundle is executed, a total of 20 maker delegates will each get 103,230 DAI ($103,230) according to the proposal detail. The payment is intended as a reward for the recognized delegates’ consistent voting on governance-related topics.

The addition of numerous BlockTower credit vaults and the deletion of the renBTC vault are two further governance measures that are part of the bundle. With the latter action, renBTC is no longer used as security to mint DAI. The open market committee and Starknet bridge settings will also see some adjustments from MakerDAO.

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