KCN: MKR TOKEN HOLDERS CONTROL SMART CONTRACT

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Maker Fund handed over management of MKR smart contract to token holders.

According to the official statement, the MKR token contract is now 100% in control of MKR holders. With MKR holders now in full control of that contract, decentralized governance is the only avenue for changing MKR token authorizations. This transfer comes on the heels of an MKR debt auction that not only serves to recapitalize the Maker system after market activity resulted in the accumulation of protocol debt, but is also an embodiment of skin-in-the-game decentralized finance. The transfer of MKR token control is, most importantly, the latest and most significant step yet toward complete system decentralization as the community embraces its larger, impending role in governing a self-sustaining DAO. See you soon!

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