MakerDAO, a leading firm in the burgeoning sector of decentralized finance (DeFI) built on the Ethereum (ETH) network, has hastily called for a community vote on March 13 ahead of the project's first-ever Debt Auction.
According to Maker (MKR), the vote will decide on needed modifications that were identified during the fallout from the recent crypto market bloodbath — which saw the price of ETH plummet roughly 30% in 24 hours.