Earlier today, the Maker Foundation returned 84,000 MKR from the Development Fund to MakerDAO. In particular, these MKR tokens were transferred to the DSPause Proxy smart contract in the Governance Module, and are now under the control of Maker Governance. The transaction was completed at 01:23:36 PM UTC in block number 12361485, and readers can independently verify it by reviewing the transaction hash on Etherscan.
The Foundation has placed no conditions or expectations on MakerDAO regarding the returned MKR. Instead, MKR holders, much as they do in governing the Protocol, have total independent control to decide how (or if) they incorporate this MKR into their future plans.
Much like the transfer of the MKR token contract to Governance in March 2020, the return of this MKR is another crucial step in the march towards further decentralization.
With its final technical contribution to the Protocol complete (Liquidations 2.0), and the DAO’s Core Unit Framework in place, the Foundation now turns inward to focus solely on its dissolution. To that end, it has retained less than one percent of the total current MKR supply to manage the transition and as a bulwark against future potential liabilities.
With dissolution targeted for, at latest, December 31, 2021, community updates become more important. Consequently, the Foundation will publish progress reports on a regular basis until it dissolves.
In the meantime, to learn more about MakerDAO and the Maker Protocol, and to participate in the Maker community discussions and DAO governance, please visit the Maker Forum.