MakerDAO community vetoes security proposal aimed at tackling ETH collateral risks

According to The Block, the MakerDAO community has failed to pass an administrative vote on a security proposal designed to prevent potential developers from losing all Ethereum (ETH) collateral. MakerDAO smart contract principal Mariano Conti said that the vote was close, but it did not pass. Conti said there will be another vote on the Governance Security Module (GSM) in the future.