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Emergency Sky proposal sparks governance debate

Summary by cryptocrunchapp.com

Sky (formerly MakerDAO) governance is grappling with the implications of an emergency proposal executed today that alters MKR’s role within the ecosystem. Pitched as a necessary move to protect protocol security, these changes’ swift approval has instead ignited debates over transparency, process integrity and the risk implications for DAI/USDS. The proposal eliminates the longstanding 5% exit fee on MKR withdrawals, significantly expands borrow…

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Emergency Sky proposal sparks governance debate

2 days ago

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Protos

Maker DAO drama flares amid proposal to tackle ‘governance attack’

Maker DAO drama flares amid proposal to tackle ‘governance attack’ DAO drama has once again hit Sky (formerly Maker) governance, in what is being characterized as a risky power grab or a “potential governance attack,” depending on who you ask. The debate kicked off when GFX Labs’ PaperImperium — a long-time Maker community member and regular critic of the project’s recent direction — took to X to raise concerns over a fast-tracked governance pro…

2 days ago

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