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MakerDAO, a decentralized finance protocol, is gearing up for its transformative “Endgame” phase, aiming for scalable resilience and sustainable growth, as announced by co-founder Rune Christensen.
Christensen declared a “launch season” for the protocol’s five-phase plan, with Phase 1 set for mid-2024. This phase involves hiring a marketing firm to rebrand the platform for simplicity and enjoyment.
The Endgame seeks to scale Dai’s decentralized stablecoin from its current $4.5 billion market cap to “100 billion and beyond,” akin to Tether.
Another objective is to make savings entertaining through yield farming of new tokens from semi-autonomous “SubDAO” projects. Post-rebranding, a token launch will introduce “NewStable” and “NewGovTokens.”
MakerDAO will convert each MKR token into 24,000 NewGovTokens. NewStable token-holders outside the US can farm 600 million NewGovTokens annually. These upgrades will offer new features for Dai and MKR.
Christensen emphasized the rapid deployment of crucial yield farming and UX features during the launch season. MakerDAO aims to prolong the DeFi summer, ensuring sustainability.
After the token launch, the “Lockstake Engine” will enable NewGovToken and MKR holders to earn yields on locked tokens. Subsequently, “NewBridge” will facilitate low-cost layer-2 yield farming, followed by SparkDAO’s launch, the first SubDAO focused on lending.
Also Read: VeChain Launches VeBetterDAO for Sustainability
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