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Lending Platform MakerDAO Approves ‘Constitution,’ Moves Forward with ‘Endgame’ Plan

The lending platform MakerDAO has approved a new constitution and is moving forward with its endgame plan. The endgame plan is designed to transition the platform from a decentralized autonomous organization (DAO) to a more centralized structure, in order to improve its efficiency and scalability.

The approval of the new constitution is a significant development for MakerDAO, as it provides a framework for the platform's governance and decision-making processes. The new constitution also includes provisions for the transition to a more centralized structure, and establishes a new governance structure that includes a board of directors and a management team.

The endgame plan is designed to address some of the scalability and governance challenges that have faced MakerDAO in the past. The transition to a more centralized structure is expected to improve the platform's efficiency and scalability, while also providing greater accountability and transparency in the decision-making process.

(By Krisztian Sandor)

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