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Decentralized finance might view MakerDAO as a pivotal player, showcasing a strong stablecoin ecosystem and a sophisticated governance model. Yet the MKR token struggles, primarily due to governance decisions that dilute its value. The incentives between stakeholders are misaligned, leading to innovations that provide minimal reward to token holders. MakerDAO remains influential in the DeFi space, with growing earnings, but for serious investors, MKR is losing its appeal. Dive deeper into this analysis by @especulacion.
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