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MakerDAO, a decentralized autonomous organization, governs the stablecoin DAI. Its governance model involves MKR token holders, who can vote on proposals affecting the DAI ecosystem, including risk parameters and development funds. The system operates on a transparent, token-based voting process, allowing MKR holders to shape the protocol's future. Despite its complexity, this decentralized approach ensures that no single entity controls the stablecoin, promoting trust and autonomy in the crypto community.
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