MakerDAO to Launch “Endgame” Phase 1 in Summer, Introducing Two New Tokens

MakerDAO to Launch "Endgame" Phase 1 in Summer, Introducing Two New Tokens

MakerDAO to Launch "Endgame" Phase 1 in Summer, Introducing Two New Tokens

Rune Christensen, the founder of DeFi protocol MakerDAO, announced his “Endgame” plan in an official governance forum post on Wednesday the 13th. In the article, he 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 stablecoin Dai and governance token MKR will continue to exist, but users will have the option to upgrade to NewStable and NewGovToken at their discretion.

The release of the Endgame plan is expected to take place in two phases. First, a new brand will be unveiled, followed by the launch of the NewStable and NewGovToken tokens one month later. It is anticipated that the new tokens will involve new staking and yield farming functionalities in the ecosystem. Rune Christensen wrote:

“After the launch of the new tokens, MakerDAO will also introduce other new features, including the Lockstake Engine, which allows users to lock their MKR or NewGovToken for long-term risk/reward exposure. Additionally, a new low-cost cross-chain bridge will be implemented to connect 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 expected to have its own token. The forum post also mentioned that SparkDAO will expand its functionality, including real-world assets (RWA) and sustainable contract earnings.

After the initial launch phase, MakerDAO’s Endgame plan will be divided into three additional stages, aiming to expand the scale of Maker’s sub-DAOs and introduce new Layer 1 blockchains.

Source:
Related Article: “MakerDAO Co-Founder Makes Profit from Meme Coin and Buys Back MKR, Community Applauds the Vision!”