MakerDAO Massive Upgrade, A New Era For DeFi?
12 Mayo 2023 - 02:30PM
NEWSBTC
MakerDAO, the decentralized finance (DeFi) project behind the
popular stablecoin DAI, has announced a major update called
“Endgame.” Endgame is designed to enhance efficiency, resilience,
and participation by applying fine-tuned AI tools to open scalable
processes. The goal is to create a strong governance equilibrium
that enables the permissionless growth of SubDAOs and parallelized
product development in an emergent, community-driven ecosystem.
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Sequential And RSI Suggests So Revolutionizing DeFi According to
the announcement, The short-term objective of Endgame is to grow
MakerDAO into the largest and most widely used stablecoin project
within 3 years. From there, the project aims to anchor its growth
in an autonomous DAO economy that ensures its growth can accelerate
and safely reach any scale level without putting the resilient
governance equilibrium at risk. To achieve this goal, Endgame will
be launched in five successive phases. The first phase, called
Phase 0, will focus on improving the scalability and efficiency of
the Maker Protocol. This will involve upgrading the system’s
architecture and deploying AI tools to optimize various processes.
Phase 1 will introduce the SubDAO framework, enabling the creation
of specialized DAOs that can operate independently or in
conjunction with the MakerDAO governance structure. This will allow
for parallelized product development and the emergence of a
community-driven ecosystem. The SubDAOs are further divided into
Facilitator & Allocator DAOs, and their genesis tokens will be
distributed through the NewStable farms. This will be supported by
the Smart Burn Engine, which will accumulate and burn LP tokens for
NewStable against NewGovToken using protocol surplus. Phase 2 will
focus on enhancing the governance mechanism of MakerDAO to ensure
that it remains resilient and adaptable as the project grows. This
will involve the development of a comprehensive governance
framework that incorporates the SubDAOs and ensures that they are
aligned with the project’s overall goals. Phase 3 will introduce
new collateral types to the Maker Protocol, expanding its use case
and increasing its adoption. This will include integrating
real-world assets, such as real estate and stocks, as collateral,
providing new opportunities for investors and borrowers. Finally,
Phase 4 will focus on the project’s long-term sustainability by
introducing a decentralized treasury and investment strategy that
will ensure the long-term growth and stability of the MakerDAO
ecosystem. MakerDAO Biggest Upgrade Yet According to the analysis
by the DeFi researcher under the pseudonym “DeFi Ignas,” To further
streamline governance, MakerDAO is also introducing an AI Tools
system to enable users to verify governance rules and processes or
generate new governance proposals. The Sagittarius Lockstake Engine
(SLE) will incentivize NewGovToken holders to participate in
governance by locking their tokens and delegating their voting
power to receive rewards as NewStable income or SubDAO
tokens. Governance participation is gamified for
accessibility, which creates earning opportunities. Furthermore, To
encourage participation in governance during challenging times,
MakerDAO is imposing a 15% exit fee on locked tokens. Bootstrapping
rewards will also be offered to join governance. Per DeFi Ignas
Analysis, the native token for gas fees will be Savings-NewStable,
a tokenized version of NewStable actively earning the Savings Rate.
Consensus staking will be with NewGovToken through the Sagittarius
Lockstake Engine. Overall, This latest upgrade announcement from
MakerDAO represents a major step forward for the DeFi ecosystem. By
reducing governance complexity and increasing efficiency, MakerDAO
is positioning itself to become the world’s largest and most widely
used stablecoin project while maintaining its resilience and
adaptability in the face of rapidly changing market conditions and
potential regulatory risks. According to DeFi Ignas, the ultimate
aim is to create an Unbiased World Currency that is not necessarily
pegged to the USD. Related Reading: Cardano (ADA) Bounces Back From
The Red Zone, Will It Continue Minting Gains? Featured image from
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