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Andreessen Horowitz (a16z) does not support MakerDAO breakup plan

Nishit Jogi by Nishit Jogi
October 20, 2022
in News
Reading Time: 1 min read
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Home » News » Andreessen Horowitz (a16z) does not support MakerDAO breakup plan

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Andreessen Horowitz (a16z), a venture capital firm, is not on board with the founder’s plan to divide MakerDAO, one of crypto’s major decentralized financial systems, into smaller pieces. A16z, a Maker investor with clout in decision-making, outlined its own vision for the protocol’s future, countering some of MakerDAO creator Rune Christensen’s points in his “Endgame” manifesto on how to make Maker more decentralized and censorship-resistant. Maker is a cornerstone of decentralized finance, allowing users to withdraw and lend cryptocurrency in an automated fashion. It also issues DAI, a $6 billion decentralized stablecoin backed by $7.8 billion in investor assets.

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