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MakerDAO's hopes for a turnaround fade as financial losses persist. Rising fees can't halt the decline in Total Value Locked and MKR price.

Santiment's tweet mentioned that a few altcoins, including MKR, witnessed increased accumulation from whales.

Justin Sun, the Tron network founder and crypto investor, made a transfer of MakerDAO's maker (MKR) tokens worth $4.3 million to the crypto exchange Binance.

Tron founder Justin Sun's potential sale of MakerDAO's token – movements of tokens to an exchange often come before sales – coincide with the DeFi protocol's controversial restructuring.

MakerDAO, a pioneering DeFi protocol, has initiated a vote on a proposal that would allow its delegates to maintain anonymity and keep their whereabouts undisclosed. Co-founder Rune Christensen is leading the proposal, which, if approved, would make anonymity a mandatory requirement for eligible voters.

In a bid to prevent corruption, MakerDAO is on track to approve a proposal that will ban delegates from publicly revealing their identity.

The lending protocol and stablecoin issuer, led by its co-founder, has started making moves to implement full decentralization on delegate identity.

Decentralized finance (DeFi) lending platform MakerDAO's founder, Rune Christensen, laid out plans to introduce a new stablecoin and governance token as part of the platform's on-going revamp, according to a proposal posted on Maker's governance forum last week. MakerDAO Founder Rune Christensen joins "First Mover" to share insights into "Endgame" and what he hopes to achieve.

MakerDAO surpasses Lido in terms of treasury holdings. However, its rise to the top remains hindered as Lido continues to outcompete MakerDAO in other sectors.

The altcoins with the worst weekly performance are the cryptocurrencies analyzed.

Today's cryptocurrency market showcases SUI, Conflux (CFX), Toncoin (TON), Rocket Pool (RPL), and Kava (KAVA) as the top gainers, while PEPEcoin (PEPE), Klaytn (KLAY), Nexo (NEXO), eCash (ECASH), Maker (MKR), and Tron (TRX) have faced losses.

The fan token platform is leveraging its existing partnerships with major teams to put Spider-Man and other IP in front of sports fans.

MakerDAO announced its governance model which will be using artificial intelligence (AI) and new brand crypto tokens.

The protocol is in the process of expanding its marketshare in the stablecoin market. However, this depends on the feasibility of passing several phases.

MakerDAO, a decentralized crypto lending and borrowing protocol, is making changes on its roadmap, including banning virtual private networks (VPN) and users from the United States

Intercontinental Exchange-owned Bakkt discontinued its consumer-facing app in February as it shifts away from retail

MakerDAO, the decentralized finance (DeFi) project behind the popular stablecoin DAI, has announced a major update called “Endgame.” Endgame is designed to enhance efficiency, resilience, and participation by applying fine-tuned AI tools to open scalable processes.

Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker's governance.

MakerDAO is making strides toward Endgame, a detailed plan designed by its founder Rune Christensen with the hopes of improving governance.

DAI stablecoin proprietor MakerDAO offered up an AI-heavy roadmap for the future with plans for a new blockchain.

The new blockchain called NewChain will be closely linked with Ethereum, promising increased governance security of the ecosystem.

MakerDAO's TVL struggles to rise as DAI demand drops following a brief loss of dollar parity in March.

MakerDAO announced on May 11 a governance model that will make use of artificial intelligence (AI) and feature crypto tokens with a new brand. Founder aims for “governance equilibrium” According to a forum post from MakerDAO founder Rune Christensen, AI tools will create a “governance equilibrium” that directs development.

MakerDAO has published a detailed roadmap for its five-phase Endgame plan that will lead to the introduction of a new blockchain.