Maker (MKR) has added to its governance structure, after selling $27.5M worth of MKR tokens to two Chinese investment funds.
Dragonfly Capital Partners and Paradigm will become a part of the Maker ecosystem governance, based on their ownership of 5.5% of the MKR supply. The investment intends to expand DeFi in Asia, after a highly successful year for Maker.
"MakerDAO represents the promise of decentralized finance. The mechanism is an innovation in enabling global, permissionless access to credit,” said Charlie Noyes, partner at Paradigm. “We look forward to participating in this community."