GFX Labs’ PaperImperium criticized the Out-of-Schedule Executive Proposal for Community Security as rushed and bypassing standard governance protocols, warning of increased protocol risk

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Others raised concerns over the timing, suggesting that the proposal was pushed through with minimal explanation just as governance critics were being silenced.

The debate kicked off when GFX Labs’ PaperImperium — a long-time Maker community member and regular critic of the project’s recent direction — took to X to raise concerns over a fast-tracked governance proposal which relaxes restrictions on borrowing against the MKR governance token. The changes which, according to the thread, ”bypassed due process” would have the effect of “>2x the credit line for MKR holders, and raise the LTV from 50% to 80%”.

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