On February 1, the MakerDAO approved the creation of a new fund dedicated to legal defense-related expenses worth $5 million.
The MakerDAO, the issuer of the US dollar-pegged Dai Stablecoin, will allocate 5 million DAI “as legal defense expenses in the event of legal or regulatory action against specific MakerDAO participants.”
The developer points out that Such expenses cannot The MakerDAO protection fund will act as a self-insurance tool for participants. In turn, the existing DAI foundation fund will be used to take action against third parties who infringe intellectual property. Maker’s Wisdom
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