MakerDAO founder announces full decentralisation of the DeFi platform

MakerDAO founder Rune Christensen announced that the DeFi platform “has undergone a full lifecycle” and is now fully decentralised.

A final Maker Foundation message from CEO Rune Christensen (@RuneKek):https://t.co/qG27L8wQzf

— Maker (@MakerDAO) July 20, 2021

“With a few key elements approved to effectively organise all spheres of activity within a decentralised autonomous organisation and the global community now responsible for every aspect of the Maker protocol, the DAO is now fully self-sustaining,” he wrote.

Christensen emphasised that the Maker Foundation has fulfilled its obligations to develop the project. In the coming months, the organisation will be wound up.

The creator of MakerDAO reminded that six years ago he introduced on Reddit the first version of Dai, which at the time was called eDollar.

“There are now over 5 billion Dai in circulation and more than $8 billion of assets locked in the Maker protocol’s smart contracts,” Christensen noted.

Maker sits in fifth place on DeFi Pulse’s ranking, behind Aave, InstaDApp, Compound, and Curve in terms of total value locked.

As a reminder, at the start of the year the amount of Dai blocked in MakerDAO exceeded $3 billion. As of writing, the figure stands at $5.52 billion.

Earlier ForkLog published a review of popular indicators for evaluating DeFi projects.

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