MakerDAO founder elaborates on protocol upgrades and proposes three major milestones for Decentralized Finance development.

The founder of MakerDAO recently shared a series of measures aimed at enhancing the stability and resilience of the Maker protocol to cope with potential market turbulence. He also offered his views on the future development of Decentralized Finance (DeFi).

In order to avoid a recurrence of market crashes like Black Thursday, the Maker team has fixed a key vulnerability. This improvement can effectively prevent zero bids in the liquidation auction process, thus improving the security of the system.

In addition, by introducing USDC as additional collateral, the Maker protocol reduces its sensitivity to Ethereum price fluctuations. This move helps to enhance the stability of the entire system and make it more resilient to market volatility.

Looking to the future, the founders of MakerDAO laid out three key milestones to achieve “full decentralization”:

1. Develop a system that can autonomously hire and pay developers to maintain daily operations.
2. Establish a decision-making mechanism for managing protocol governance and future upgrades.
3. Allow Maker token holders to delegate their voting rights to users who are more actively involved in governance.

Although the DeFi industry is still in its early stages of development, the founder of MakerDAO predicts that over time, DeFi and traditional centralized finance (CeFi) will eventually converge. This view reflects a long-term thinking about the future evolution of the financial system.