MakerDAO, the decentralized autonomous group (DAO) behind the Dai stablecoin and its associated Maker governance token, just lately introduced a slew of deliberate updates to its ecosystem, together with a heavy give attention to synthetic intelligence (AI) applied sciences and the deliberate growth of a brand new blockchain.
Starting with an improve to unify the group’s model, the brand new roadmap particulars a five-phase venture known as “Endgame.”
5 phases of Endgame.
Endgame has been outlined as an replace that employs AI instruments and open processes to boost effectivity, resilience, and participation.
A brand new publication on the Maker Discussion board outlines its roadmap, which incorporates the introduction of 5 main launch phases. pic.twitter.com/8GOkIfFADi
— Maker (@MakerDAO) May 12, 2023
Per an official discussion board put up written by MakerDAO co-founder Rune Christensen, the primary part of Endgame will contain a “full rebrand” to unify the Dai (DAI) and Maker (MKR) manufacturers.
“Crucially,” writes Christensen, “Dai and MKR is not going to be altered.” MakerDAO intends to protect each tokens of their present kind. Nonetheless, the group does intend so as to add two new tokens with up to date options that are being briefly known as “NewStable” and “NewGovToken.”
Christensen elaborated on this in a reply to a touch upon the put up:
“Dai will stay and would be the undisturbed OG stablecoin with no flashy options, and its liquidity will at all times be bootstrapped by the limitless 1:1 conversion to NewStable.”
Going ahead, the “key product launch of Endgame” will embody the eventual launch of six “Maker SubDAOs” and accompanying NewStable token farms.
The subDAOs shall be break up between facilitator and allocator DAOs and, per Christensen, their objective shall be to streamline the “workload and complexity that Maker Governance must handle.”
Associated: MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users
Part three of the roadmap is all about AI. MakerDAO intends to launch a number of inner AI instruments to optimize governance duties corresponding to monitoring and information siloing.
Alongside the deliberate launch of the AI instruments, MakerDAO intends to enter the open-source AI growth area with a venture entitled “The Function Fund.”
Chistensen wrote that this initiative will promote and fund “free, open supply AI fashions and free AI instruments to assist socially impactful industries and tasks faucet into the effectivity good points of AI and use it to realize extra self-sustainable influence.”
The fourth part of Endgame includes the event of an incentive program for ecosystem denizens known as the “Governance Participation Incentive.” This system will contain gamification and rewards to incentivize interactions on the MakerDAO platform.
Lastly, the group intends to create a proprietary blockchain at present known as “NewChain.” Somewhat than changing the Ethereum blockchain at present underpinning the MakerDAO platform, NewChain shall be bridged.
Based on Christensen, “Which means that on Ethereum, NewStable and NewGovToken, in addition to Dai and MKR, will proceed to perform as regular, and the one change shall be that they are going to be protected by a governance backend that operates by means of a safe, state-of-the-art bridge.”
Listed as the important thing function driving the implementation of the brand new blockchain is the flexibility to make use of arduous forks as a governance mechanism within the occasion of energy assaults or abuse by majority holders.
