Andy Milenius, formerly the chief technology officer at MakerDAO, published an open letter dated April 3 explaining his concerns over the project’s internal conflicts. MakerDAO is the company behind the decentralized algorithmic Ethereum-based stablecoin DAI as well as the governance token Maker (MKR).
The letter also illustrates how at one point Milenius intimated to Christensen that if Matt Richards, at the time the president and chief operating officer of the company, wouldn’t leave, then Milenius would. He also had to reinvent the way that work gets done (he didn’t know how it needed to be different, only that it did).”
Richards also complained that, according to him, Milenius thought that no accountability was acceptable and that he didn’t pay attention to MKR token holders’ interest. He also claims that to Millenius “the efficiency that came with explicit hierarchy did not outweigh how uncool or unfair it was.” He concludes:
“I am hopeful about the future of this project and believe it will likely be better off without Andy.”
As Cointelegraph reported earlier this week, DAI has recently struggled to hold its peg to the United States dollar, but the community is seemingly confident in the token’s success.
Also, the firm behind stalwart stablecoin tether (USDT) has recently responded to allegations that its funds were used to cover an $850 million loss at crypto exchange Bitfinex, claiming that court filings by the New York Attorney General’s office are “riddled with false assertions.”
