Founder of MakerDao and CEO of MakerDAO Ecosystem Growth Foundation (MEGF) Rune Christensen attempted to usurp power and impose his vision for the further development of the project to the detriment of decentralization, reports The Block, citing informed sources.
So, some time ago, an opposition faction called “Purple Tablet” [chat name in Signal messenger] was formed inside the project, headed by former business development director Ashley Sharp, who plans to sue MakerDAO and recover $ 1 million. Against the background of the conflict with Christensen, the project was also left by Andy Milenius CTO.
The confrontation was initiated by the decision of the current head of the MakerDAO to establish total control over the $ 200 million worth development fund, which was previously supervised by several parties, each of whom had a unique access key, without which the others could not use the funds.
At the same time, CoinDesk had a letter signed by lawyer Andrew Pullinger from Campbells in the Cayman Islands, claiming that five of the nine members of the board of directors were pressured by Christensen, who demanded their resignation. Nevertheless, it remains unclear whether he has reached his goal.
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The Block sources claim that MEGF has already acquired a broker-dealer and intends to launch a commercial division in the format of an alternative trading system (ATS).
Note that MEGF controls 30% of all MKR tokens, and the total market capitalization of MKR and DAI at present reaches $ 660 million.