• MakerDAO’s Endgame proposal fails to reverse financial losses as MKR experiences a downtrend.
• Despite rising fees, MakerDAO’s Total Value Locked, and MKR price suffer declines.

The acceptance of the MakerDAO [MKR] Endgame proposal marked a significant turning point for Maker’s future. Nevertheless, the latest data suggested that Maker was currently experiencing a decline in several important metrics, signaling a potential downtrend.

Read Maker’s [MKR] Price Prediction 2023-24

MakerDAO grapples with losses

According to a recent Messari report, MakerDAO has been grappling with financial losses for the past 11 months. This stood in stark contrast to the profitable period it experienced in 2021 and parts of 2022.

Despite the introduction of the Endgame proposal in 2022, which aimed to reshape the DAO’s structure by establishing self-governing and self-sustaining entities called SubDAOs, the latter part of 2022 and 2023 witnessed a continued loss-making trend.

The Endgame proposal sought to revitalize the MakerDAO ecosystem by diversifying its revenue streams. One of the strategies involved investing a portion of Maker’s substantial reserves, exceeding $7 billion, into real-world assets and money-market funds.

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Author: Suzuki Shillsalot

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