One of MakerDAO’s angel investors recently forwarded a proposal to the Maker community. In the proposal, Hasu stressed the need to create a constitution for the protocol. Hasu also expressed his disappointment with MakerDAO’s governing team.
According to him, the governing members have shown shortsightedness and a lack of strategy in planning for the future.
MakerDAO’s governance system has been quite ineffective. The CUs handle the low-level implementation, while other decisions are left for MKR holders. To alter the weaknesses in MakerDAO’s system, Hasu proposed two major changes.
The MakerDAO Proposition
The first change proposed was the creation of a written constitution. The constitution will amplify the project’s vision, making it possible for community members to vote for or against propositions. The written constitution will also be a yardstick to track the progress of delegates, the council, the CU members, and MAs.
The second change proposed was the introduction of Council members. The council will be responsible for setting a high-level strategy that implements the vision laid out in the constitution. The council will also be in charge of the MakerDAO’s budget.
Notably, though, MKR holders will be able to fire council members and correct any hitch in the ecosystem. Thus, Hasu wants control of the organization to remain in the hands of the token holders while the community implements specialization. While Hasu’s proposition has not been implemented, the suggestions sound rational.
Hasu also mentioned nine other governing members of MakerDAO who contributed to drafting the proposal. Hasu will be hosting a zoom call for members of the MakerDAO community later today to discuss the proposition.
The MakerDAO project was founded to support the DAI token, a decentralized stablecoin. MakerDAO is also a decentralized project, and token holders can propose decisions related to MKR and DAI tokens.
