In brief

  • MakerDAO transitioned to decentralized governance in 2021.
  • The Maker Protocol is now governed by people who hold MKR tokens.
  • A successful December proposal called for the “offloading” of the content team.

In July 2021, one of the first decentralized projects to take hold on Ethereum fundamentally changed the way it did business: Instead of managing development and channeling funds through its foundation, MakerDAO would let holders of the MKR token run the show.

“MakerDAO is now completely decentralized,” wrote Maker Foundation CEO Rune Christensen in a blog post, announcing the dissolution of the organization he founded.

Flash forward six months, and it’s clear that MakerDAO members have high expectations for those taking the project forward. This week, after a contentious discussion, they narrowly voted to euphemistically “offboard” (i.e., fire) its content team, known as the Content Production Core Unit.

In a proposal initiated last month, community member Deimos argued that the team had neither demonstrated speed nor quality of work. “This team has produced two (arguably unremarkable) original videos since they started: Wormhole and How To Vote,” Deimos wrote. “The rest is just the [Governance and Risk meeting] remixed and rebranded in 7 different flavors.” 

Adding insult to injury, Deimos suggested that community memes were having a greater impact.

The community agreed in a 49.1% to 47.3% vote. As a result, the team is no longer being funded by MakerDAO’s coffers.

Members of the content team didn’t have much of a head start before Maker Foundation shut…

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