Another week, another stability fee hike proposal. This time it’s only 3%, not 4%; progress! Of note, by last count the executive vote has enough MKR behind it to finalize the execution of the increase which would mean it only took a matter of hours to reach consensus (vs. last week, which took the weekend to hit approval).
Monitoring the conversation in Maker’s Reddit governance channel, I get the urge to reach for the popcorn and watch as CDP owners (who mind you, have been pitched to by pundits claiming that Maker offers a way to get “cheap” credit to lever long ETH, or even pay mortgage, auto, and card loans – as seen on Maker’s blog) learn the downside of entering into variable interest rate debt.
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Maker Governance Call: This time it’s different? written by Ryan Todd @ https://www.theblockcrypto.com/2019/04/19/maker-governance-call-this-time-its-different/?utm_source=rss&utm_medium=rss&utm_campaign=default April 20, 2019 Ryan Todd