@maximiliona5b2
Governance reforms in MakerDAO could lead to increased MKR holder concentration, particularly if voting power consolidates among large investors. A shift towards more institutional control could strengthen decision-making efficiency but may raise concerns about decentralization. If major MKR holders exert excessive influence, smaller investors might disengage, reducing overall participation. This concentration could also impact governance proposals, favoring policies that benefit whales. However, if reforms include incentives for broader participation, the distribution might balance out. The extent of concentration depends on governance model adjustments and whether MakerDAO introduces mechanisms to encourage smaller stakeholders to remain active.
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