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The Need for Decentralization in MakerDAO

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On February 16, Hasu, the strategic director of Flashbots and the strategic consultant of Lido Finance, forwarded a message on social media that a series of pr…

The Need for Decentralization in MakerDAO

On February 16, Hasu, the strategic director of Flashbots and the strategic consultant of Lido Finance, forwarded a message on social media that a series of proposals of MakerDAO next month may make the agreement more centralized, and the future agreement governance may be in the charge of more than a dozen council and committee members. Hasu said that Rune Christensen, the founder of MakerDAO, was no longer suitable to lead Maker alone. The encryption industry was in urgent need of decentralized stable currency, but there was still no reliable alternative to DAI. MKR representatives needed to be organized, and MKR holders could no longer be silent.

Lido Finance consultant: There will be many proposals to make Maker more centralized in March

Interpret the above information:


The message forwarded by Hasu on social media on February 16 regarding MakerDAO sheds light on the importance of decentralization in the cryptocurrency industry. MakerDAO is a decentralized autonomous organization that operates through smart contracts on the Ethereum blockchain. It offers a stablecoin called DAI, which is pegged to the US dollar and is backed by collateral held in Ethereum smart contracts. However, recent developments in MakerDAO suggest that the agreement may become more centralized, with a dozen council and committee members taking charge of governance.

Hasu, who is the strategic director of Flashbots and the strategic consultant of Lido Finance, expressed concerns that the centralization of MakerDAO could have negative consequences. He believes that the founder of MakerDAO, Rune Christensen, is no longer suitable to lead the project alone, and that MKR representatives and holders need to be organized to ensure that the project’s governance remains decentralized.

Hasu’s message highlights the urgent need for a decentralized stablecoin in the cryptocurrency industry. The development of such a stablecoin would provide a reliable alternative to DAI and other stablecoins that may become centralized over time. Bitcoin has often been described as a form of digital gold, but a decentralized stablecoin could become a form of digital cash that is widely adopted and used for everyday transactions.

Decentralization is one of the core principles of the cryptocurrency industry. It ensures that no single entity or person has too much power or control over a particular project or network. However, achieving decentralization is not always easy, as it requires the participation and cooperation of a diverse group of stakeholders.

In conclusion, the message forwarded by Hasu on MakerDAO emphasizes the need for decentralization and the importance of ensuring that governance remains in the hands of a broad and diverse group of stakeholders. The development of a reliable and decentralized stablecoin could be a game-changer for the cryptocurrency industry and bring us one step closer to the vision of a decentralized, global financial system.

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