MakerDAO, the company behind the Dai stablecoin and Maker governance token, has unveiled its Endgame roadmap, which includes a heavy emphasis on artificial intelligence (AI) technologies and the development of a new blockchain. The first phase of the project involves a full rebranding to unify the Dai (DAI) and Maker (MKR) brands. While Dai and MKR will remain unaltered, MakerDAO plans to introduce two new tokens with updated features named NewStable and NewGovToken. The second phase will include the launch of six Maker SubDAOs and accompanying NewStable token farms, which will streamline the workload and complexity of Maker Governance.

MakerDAO’s third phase is dedicated to AI, as it plans to launch several internal AI tools to optimize governance tasks such as monitoring and data siloing. The company also aims to enter the open-source AI development space with a project called The Purpose Fund, which will fund free, open-source AI models and tools for socially impactful industries. In the fourth phase, MakerDAO intends to develop an incentive program called the Governance Participation Incentive, which will incentivize interactions on the MakerDAO platform through gamification and rewards.

Finally, MakerDAO plans to create a proprietary blockchain called NewChain, which will be bridged with the Ethereum blockchain currently underpinning the MakerDAO platform. The new blockchain aims to use hard forks as a governance mechanism in the event of power attacks or abuse by majority holders. The launch of NewChain will not replace Ethereum, but instead, operate through a secure and state-of-the-art bridge.

Overall, MakerDAO’s Endgame roadmap highlights the company’s focus on AI and blockchain development, as well as its commitment to preserving Dai and MKR tokens in their current form. The roadmap’s phases aim to streamline governance tasks, promote free and open-source AI development, incentivize platform interactions, and enhance governance mechanisms.

Ethereum

Articles You May Like

Tracing the Shadows: The Recovery of Bitcoin Linked to the Upbit Hack
Protecting Yourself Against Scams in the Shiba Inu Ecosystem
The Rise of Play-to-Earn Games: A Comprehensive Guide to Creating Engaging Blockchain Experiences
Cardano Foundation’s Financial Insights: A Commitment to Transparency and Growth

Leave a Reply

Your email address will not be published. Required fields are marked *