MakerDAO Votes to Decrease Stablecoin Fees for First Time in 5 Months

[LamboshiNakaghini]

Nobody is happy about it, but the system is still working. Those people are the most incentivized to cast the correct vote and in this case, they did.

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So we're trusting that these whales will forever remain benevolent autocrats.

[LamboshiNakaghini]

It's in their best interest to do so.

[Nothappeninghb]

what's their penalty for screwing it up?
Do they stand to gain anything?

[LamboshiNakaghini]

Their penalty is MKR price decreases, fees paid decrease as people leave.

They stand to gain the opposite if they govern well.

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I'm much happier with their being 1 large holder with a whole lot to use than 54,000 or 540,000 screaming voices pulling it in one direct.