Overview of Stakeholders in MakerDAO

Diverse Stakeholders

In the MakerDAO community, diverse stakeholders participate in collective governance by introducing, deliberating, and voting on proposals. Some notable stakeholders are:

• Traditional VCs (e.g., a16z)

• Crypto VCs

• Whales (e.g., Rune Christensen, co-founder of MakerDAO)

• Recognized (Constitutional) Delegates

• Shadow Delegates

• External Parties

• Core Units

Role-Playing Stakeholders

The resources below to help you get a quick understanding of the various stakeholders that you will be role-playing. Once your group has been assigned a role, feel free to use additional resources (e.g., community forum posts, tweets, and blog posts) to further enhance your understanding of the assigned role.

Stakeholder Group

Traditional VCs

Representative Individuals and Entities

a16z crypto

Quick Description

a16z crypto is a venture capital fund that invests in crypto and web3 startups. It is part of a16z (Andreessen Horowitz), a private American venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz.

Useful Links

• a16z crypto purchases 6% of MKR, backing Stablecoin Vanguard MakerDAO

• a16z account details (MKR delegated, Voting History)

Stakeholder Group

Crypto VCs

Representative Individuals and Entities

ParaFi Capital

Quick Description

"ParaFi is a leading crypto-native investment and technology firm founded in 2018, focused on token, venture, and quantitative strategies." Wallet address: 0x4655b7ad0B5f5BaCB9cF960bbFFcEB3f0e51F363 (via Etherscan)

Useful Links

• ParaFi account details(MKR delegated, Voting History)

Stakeholder Group

Whales

Representative Individuals and Entities

Rune Christensen

Quick Description

Co-founder of MakerDAO. Wallet address is 0xf65475e74C1Ed6d004d5240b06E3088724dFDA5d (via Etherscan)

Useful Links

• MKR tokens delegated by Rune

Stakeholder Group

Recognized (Constitutional) Delegates

Representative Individuals and Entities

• Flip Flop Flap Delegate LLC

• GFX Labs

• coldiron.eth

• mhonkasalo & teemulau

• Feedback Loops LLC

Quick Description

Recognized Delegates

1. "must meet requirements for consistent participation in votes, and communication with the community"

2. "are compensated in DAI and are featured more prominently on voting frontends"

3. "act as a bridge between vote outcomes and other actors by actively and transparently communicating with the MakerDAO community."

Useful Links

• Delegation Resources

• Delegate’s Main Index

• Governance Stats

• Delegates Metrics (participation, comments, etc.)

  • Example: comments by GFX Labs

Stakeholder Group

Shadow Delegates

Representative Individuals and Entities

• 0x088E83E4A9dA7439AaE0c56f3A9654865fB9698F (with Rune as the sole delegator)

• 0xAc3Ee65f66BEdB594A1EDD874bFd88ff49fd13d2 (with Rune as the sole delegator)

Quick Description

"Shadow Delegates are permissionless, with no requirements or responsibilities beyond those they have agreed on directly with holders who delegate to them."

Useful Links

• Voting History of Shadow Delegate 0x088E83E4A9dA7439AaE0c56f3A9654865fB9698F

• Voting History of Shadow Delegate 0xAc3Ee65f66BEdB594A1EDD874bFd88ff49fd13d2

Interested in other stakeholder roles (e.g., Core Units, external parties)? Happy to chat during breaks and after class.

© 2023 Xule Lin & Ying-Ying Hsieh. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.