Governance Roundup: What DeFi protocol communities are discussing and debating

https://www.theblockcrypto.com/genesis/80335/defi-governance-proposal-roundup?utm_source=rss&utm_medium=rss

Quick Take

  • In addition to major feature launches, many protocols have minor parameter decisions (e.g. changing interest rates in MakerDAO) that must be made by token holders
  • Most of the governance happens on forums, where users submit proposals and ideas, and community members give their feedback
  • The first layer of voting is typically informal to gauge interest, and then proposals are moved to token holder voting (or execution via a multi-signature signers)

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MakerDAO’s battle to keep up with DAI demand

https://www.theblockcrypto.com/genesis/73742/makerdao-dai-demand?utm_source=rss&utm_medium=rss

Quick Take

  • The supply of the decentralized stablecoin DAI has grown to 379.1 million, up from 134.7 million on July 1st (a 181.4% increase).
  • New demand for DAI has been primarily driven by liquidity mining on Compound and yEarn. Increased demand has led to DAI consistently trading above its targeted $1 peg.
  • Currently, the focus is on changing the parameters of, and adding new, collateral types to keep up with growing demand.

This research piece is available to
members of The Block Genesis.
You can continue reading
this Genesis research on The Block.