Is MakerDAO Becoming ‘a Company Run by Politics’?

Nearly one-third of all MKR in circulation (around 294,000, or approximately $300 million) participated in the ratification of LOVE. The top three “yes” votes were said to be VC whales, or large holders, a16z, Paradigm and ParaFi, according to one DeFi researcher. On the side of “no,” which eventually won with around 60%, founder Christensen holds around 79,000 MKR.