Founder of DeFi protocol MakerDAO, Rune Christensen, announced a plan regarding its “Endgame” on Wednesday (13th) in the official governance forum. In the article, it was mentioned that MakerDAO will launch the first phase of the Endgame plan in the summer of 2024, introducing new tokens tentatively named NewStable and NewGovToken.
Existing USD stablecoin Dai and governance token MKR will continue to exist, but users can choose to upgrade to NewStable and NewGovToken at their discretion.
The release of the Endgame plan is expected to be conducted in two phases, starting with the unveiling of a new brand, followed by the launch of NewStable and NewGovToken tokens one month later. It is expected that the new tokens will involve new staking and yield farming functions in the ecosystem. Rune Christensen wrote:
After the launch of the new tokens, MakerDAO will also introduce other new features, including the Lockstake Engine (allowing users to lock their MKR or NewGovToken long-term for more risk/reward exposure), and a new low-cost cross-chain bridge, connecting Maker ecosystem tokens from Ethereum to a yet-to-be-determined Layer 2 network.
Christensen further emphasized the importance of Spark, Maker’s first SubDAO, which is also expected to have its own token. The forum post also indicated that SparkDAO will further expand its functions, including real-world assets (RWA) and sustainable contract revenue.
After the initial launch phase, MakerDAO’s Endgame plan will be completed in three more stages, expected to scale up Maker’s subDAOs and introduce new Layer 1 blockchains.
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