Maker, one of the largest decentralized lending protocols, is led by a decentralized autonomous organization (DAO), in which holders of its native maker (MKR) token vote on proposals. The protocol also issues the $5 billion DAI stablecoin, backed by some $7 billion worth of assets in Maker’s reserves.
The Hard Truths and Worrying Consequences of the Tornado Cash Verdict
Indeed, part of Pertsev’s defense was acknowledging that, even if money laundering was happening, because the protocol operated like a...