MakerDAO’s Content Team Got Fired By MKR Holders And Here’s How

MakerDAO’s content team got fired by the MKR holders community as their demanded more visibility as we are reading further in our latest cryptocurrency news.

The Maker Protocol is now governed by people that hold MKR tokens and the December proposal called for an offloading of the team. Back in July 2021, one of the first projects to take hold of Ethereum changed the way it did business so rather than managing the development and channeling funds in its foundation, MakerDAO will allow holders of the MKR token to run the show. The Maker Foundation CEO Rune Christensen noted:

“MakerDAO is now completely decentralized.”

Today an entire core unit was laid off from @MakerDAO after an anon posted a proposal in December to do so. The vote was extremely close (1600 MKR margin) with high participation.

Without commenting on the merits, this was a messy process that needs improvement

— PaperImperium (@ImperiumPaper) January 24, 2022

MakerDAo’s content team got fired by the MRK holders and it is clear that the members have high expectations for it taking the project ahead. This week, after a long discussion, they voted to offboard the content team known as the Content Production Core Unit. In the proposal initiated last month, the community member Deimos argued that the team had no speed nor quality of work:

 “This team has produced two (arguably unremarkable) original videos since they started: Wormhole and How To Vote. The rest is just the [Governance and Risk meeting] remixed and rebranded in 7 different flavors.”

Adding insult to injury, Deimos suggested the community memes are having a much bigger impact. The community agreed that in a 49.1% to 47.3% vote the team is no longer being funded by the coffers of MakerDAO. The members of the content team didn’t have a lot of head start before Maker Foundation shut down. The leader of the squad Seth Goldfarb worked as a freelancer in the community for a year before transitioning in May 2021 to a full-time role as the unit facilitator. Goldfarb stated in a discussion that he will not be hired by the Foundation before taking the reins:

 “We participated in several calls coordinated by [former MakerDAO product manager and program lead Tim Black] to try and communicate with the Foundation’s MarComms team but legal restrictions kept them from sharing anything of substance.”

Others pointed out that the initial intention was for the team to work alongside the marketing team that is stuffed with the foundation veterans. When failed to materialize, more of them fell on the content team. The transition from foundation to decentralized management where employees stayed on the proejct with new roles was a bit messy. However, MakerDAO was the first lending protocol to take hold of the Ethereum network and it has its own stablecoin which is pegged to the US dollar.