Rune Christensen, a co-founder of MakerDAO, announced that the decentralized finance system is preparing for its revolutionary “Endgame” phase, with scalable resilience and sustainable growth as its goals.
Christensen announced the start of the protocol’s five-phase schedule, with Phase 1 scheduled for the middle of 2024. In this stage, a marketing company is hired to rebrand the platform to make it more user-friendly and enjoyable.
The goal of The Endgame is to grow Dai’s decentralized stablecoin to a market cap of “100 billion and beyond,” similar to Tether, from its present $4.5 billion.
Making savings enjoyable through the yield farming of new tokens from “SubDAO” companies that are semi-autonomous is another goal. Following rebranding, “NewStable” and “NewGovTokens” will be introduced through a token launch.
Every MKR token will be exchanged for 24,000 NewGovTokens via MakerDAO. Holders of NewStable tokens who are not in the US are permitted to farm 600 million NewGovTokens per year. For Dai and MKR, these updates will bring new features.
During the launch season, Christensen stressed the importance of quickly implementing yield farming and user experience improvements. By extending the DeFi summer, MakerDAO hopes to ensure sustainability.
Holders of MKR and NewGovToken will be able to earn yields on locked tokens following the token launch thanks to the “Lockstake Engine.” Then, “NewBridge” will make layer-2 yield farming more affordable, and then SparkDAO—the first SubDAO with a lending focus—will be introduced.
