Rune Christensen has come under some criticism for influencing a MakerDAO governance vote that will upend the DAO’s structure.
Monday’s poll ended with 80% of the votes cast in favor of the Endgame plan. However, Christensen’s influence was keenly felt in the voting process. More than 70% of the “yes” votes cast by delegates were from voting blocs with ties to the Maker founder. This has raised issues about governance centralization.
Some DAO members in opposition to the vote accused Christensen of “organization capture” — a situation where a special interest takes precedence over the general interest of a group, which can lead to a net loss. “We are first and foremost opposed to the manner, methods, and lengths Rune has used and reached to attempt total personal control of the outcome of this vote and MakerDAO as a whole into the future.
Monday’s vote only passed the Endgame prelaunch process. There are a few steps that will follow before the vision is implemented on the DAO as a whole. Core units will soon need to begin “clustering” to form their own MetaDAOs while the DAO gets ready to split into smaller groups. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Osato is a reporter at The Block who likes to cover DeFi, NFTS, and tech-related stories. He has previously worked as a reporter for Cointelegraph. Based in Lagos, Nigeria, he enjoys crosswords, poker, and attempting to beat his Scrabble high score.