Leaving internal governance conflicts aside, this week was overwhelmingly positive for the MakerDAO ecosystem, with all data indicating an imminent recovery for DAI towards its target $1 peg.
As per usual, the Governance & Risk Call conversation commenced with a brief overview of the previous week’s polling results.
For the third week in a row, MKR stakeholders have refrained from staking in favour of the highest possible Stability Fee hike. Instead, votes were closely split between a 2% and 3% adjustment, with the 3% option, supported by 25 addresses, ultimately winning out by a ~5,000 MKR margin. As of Wednesday afternoon, the largest single supporters of the 2% and 3% outcomes made up roughly 51% and 41% of the total stake, respectively, indicating that the voting process continues to be dominated by a handful of well capitalized stakeholders.
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