MakerDAO Fine-Tunes Governance in Transition to Sky
MakerDAO has made significant adjustments to its governance system as it transitions to Sky. This includes reducing Sky's spreads, normalizing staking rewards, and phasing out old RWA vaults.
The changes indicate that Maker is fine-tuning its operations as it moves towards its 'Endgame'. The transition to Sky is an ongoing process, with governance actively managing various components of the system, including legacy assets, stablecoin demand, savings rates, and RWA exposure.
Maker's governance has become increasingly focused on operational details, requiring the management of multiple elements that can influence liquidity, revenue, user behavior, and risk. The protocol is shifting from a single stablecoin to a more complex governance and yield infrastructure stack, necessitating regular adjustments to its systems.