MakerDAO, the decentralized finance (DeFi) project behind the popular stablecoin DAI, has announced a major update called .end game” Endgame is designed to enhance efficiency, resilience, and participation by applying fine-tuned AI tools to open, scalable processes. The goal is to create a strong governance equilibrium that allows product development parallel to his SubDAO’s permissionless growth in an emerging community-driven ecosystem.
Revolutionizing DeFi
According to the announcement, Endgame’s short-term goal is to grow MakerDAO into the largest and most widely used stablecoin project within three years. From there, the project will anchor that growth in a self-sustaining DAO economy, ensuring that it can accelerate and reach all scale levels safely without jeopardizing the balance of robust governance. I am aiming for
To achieve this goal, the endgame will start in five consecutive phases. The first phase, called Phase 0, will focus on improving the scalability and efficiency of the Maker Protocol. This includes upgrading the architecture of the system and introducing AI tools to optimize various processes.
5 phases of the endgame.
Endgame is defined as updates that employ AI tools and open processes to enhance efficiency, resilience, and participation.
A new publication on the Maker Forums outlines our roadmap, including the introduction of five major launch phases. pic.twitter.com/8GOkIfFADi
— Maker (@MakerDAO) May 12, 2023
Phase 1 introduces the SubDAO framework, allowing the creation of specialized DAOs that can work independently or in conjunction with the MakerDAO governance structure. This allows for parallel product development and the emergence of community-driven ecosystems.
SubDAOs are further categorized into Facilitator DAOs and Allocator DAOs, whose genesis tokens are distributed through the NewStable farm. This is supported by a Smart Burn Engine that accumulates and writes NewStable’s LP tokens to NewGovToken using protocol surplus.
Phase 2 will focus on strengthening MakerDAO’s governance mechanisms to keep MakerDAO resilient and adaptable as the project grows. This includes developing a comprehensive governance framework that incorporates SubDAOs and ensures they align with the project’s overall goals.
Phase 3 introduces new collateral types to the Maker Protocol, expanding use cases and increasing adoption. This includes consolidating real-world assets such as real estate and stocks as collateral, providing new opportunities for investors and borrowers.
Finally, Phase 4 will focus on the long-term sustainability of the project by implementing a decentralized financial and investment strategy that will ensure the long-term growth and stability of the MakerDAO ecosystem.
MakerDAO’s Biggest Upgrade Ever
according to To further streamline governance, MakerDAO is an AI that allows users to validate governance rules and processes, as well as generate new governance proposals, according to an analysis by a DeFi researcher under the pseudonym “DeFi Ignas”. We also have a tool system.
The Sagittarius Lockstake Engine (SLE) encourages NewGovToken holders to participate in governance by delegating voting rights to lock tokens and receive rewards as NewStable income or SubDAO tokens.
Participation in governance is gamified for accessibility and creates revenue opportunities. Additionally, to encourage participation in governance during difficult times, MakerDAO imposes his 15% exit fee on locked tokens. Participating in governance also provides bootstrapping rewards.
According to DeFi Ignas Analysis, the native token for gas prices will be Savings-NewStable. This is a tokenized version of NewStable that actively earns Savings Rate. Consensus staking will take place on NewGovToken through the Sagittarius Lockstake Engine.
Overall, this latest upgrade announcement from MakerDAO represents a major step forward for the DeFi ecosystem. By reducing the complexity and improving efficiency of governance, MakerDAO will remain resilient and adaptable in the face of rapidly changing market conditions and potential regulatory risks, while maintaining the world’s largest and most It aims to become a widely used stablecoin project.
According to DeFi Ignas, the ultimate goal is to create a fair global currency that is not necessarily pegged to the US dollar.