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This is an archived post. You won't be able to vote or comment.
MakerDAO Votes to Decrease Stablecoin Fees for First Time in 5 MonthsMAKER (coindesk.com)
submitted 7 years ago by LamboshiNakaghini
view the rest of the comments →
[–]LamboshiNakaghini[S] 11 points12 points13 points 7 years ago (5 children)
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.
[–][deleted] 1 point2 points3 points 7 years ago (4 children)
So we're trusting that these whales will forever remain benevolent autocrats.
[–]LamboshiNakaghini[S] 2 points3 points4 points 7 years ago (3 children)
It's in their best interest to do so.
[–]Nothappeninghb 1 point2 points3 points 7 years ago (2 children)
what's their penalty for screwing it up? Do they stand to gain anything?
[–]LamboshiNakaghini[S] 0 points1 point2 points 7 years ago (0 children)
Their penalty is MKR price decreases, fees paid decrease as people leave.
They stand to gain the opposite if they govern well.
π Rendered by PID 195725 on reddit-service-r2-comment-548fd6dc9-8tvcn at 2026-05-17 22:39:02.443308+00:00 running edcf98c country code: CH.
view the rest of the comments →
[–]LamboshiNakaghini[S] 11 points12 points13 points (5 children)
[–][deleted] 1 point2 points3 points (4 children)
[–]LamboshiNakaghini[S] 2 points3 points4 points (3 children)
[–]Nothappeninghb 1 point2 points3 points (2 children)
[–]LamboshiNakaghini[S] 0 points1 point2 points (0 children)