It's a DAO. The idea of most DAOs is they are set up to grow into being more decentralized and driven by smart contracts as the number of stakeholders goes up.

It's a DAO. The idea of most DAOs is they are set up to grow into being more decentralized and driven by smart contracts as the number of stakeholders goes up. I am not familiar with the details of how MakerDAO is structured but the fact that a given DAO is exposed to the typical risks of centralization isn't surprising - the entire DAO ecosystem is young and is literally a decade behind the first successful cryptocurrency in terms of reach.