MakerDAO's Phase 1 of 'Endgame' Plan to Revolutionize Decade-Old Protocol

Wednesday, 13 March 2024, 19:00
MakerDAO Founder Rune Christensen confirms the introduction of new tokens, NewStable and NewGovToken, as part of MakerDAO's Endgame plan in Summer 2024. These tokens will enhance user participation and investment opportunities within the ecosystem, paving the way for structural reforms in the decentralized autonomous organization (DAO). The evolution of MakerDAO aims to cater to both crypto-native and mass adoption use cases while implementing governance mechanisms, improved blockchain interoperability, and sustainable yield farming opportunities.

MakerDAO Endgame Plan for Protocol Reform

MakerDAO is set to launch Phase 1 of its 'Endgame' plan, introducing new tokens NewStable and NewGovToken to enhance user participation and investment opportunities.

MakerDAO Evolution: New Tokens

The new tokens will improve ecosystem engagement through enhanced staking and yield farming.

  • DAI Stablecoin: Maintains stability through a clever fee adjustment mechanism.
  • Lockstake Engine (LSE): Enhances governance and encourages staking.
  1. DAI: Primarily for crypto-native use cases.
  2. NewStable: Targeting broader mass adoption scenarios.

SparkDAO and SubDAOs

SparkDAO and SubDAOs will enable access to real-world assets and perpetual swap yields, improving scalability and tokenomics.

The MakerDAO community approved the plan following years of preparation, aiming to address past governance challenges and navigate the current bullish market demands.

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